M&T Bank Corporation (MTB) Earnings
M&T Bank Corporation is expected to report next earnings on July 15, 2026 (in NaN days), with a consensus EPS estimate of $4.62. MTB has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +6.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 15, 2026 | $4.02 | $4.18 | +4.0% | $2.4B | +0.4% |
| Jan 16, 2026 | $4.48 | $4.72 | +5.4% | $2.5B | +0.1% |
| Oct 16, 2025 | $4.43 | $4.87 | +9.9% | $2.5B | +3.0% |
| Jul 16, 2025 | $3.99 | $4.28 | +7.3% | $2.4B | +0.3% |
| Apr 14, 2025 | $3.40 | $3.38 | -0.6% | $2.3B | -1.6% |
| Jan 16, 2025 | $3.75 | $3.92 | +4.5% | $2.4B | +0.8% |
| Oct 17, 2024 | $3.64 | $4.02 | +10.4% | $2.3B | +0.7% |
| Jul 18, 2024 | $3.50 | $3.73 | +6.6% | $2.3B | +1.0% |
| Apr 15, 2024 | $3.08 | $3.86 | +25.3% | $2.2B | -1.2% |
| Jan 18, 2024 | $3.67 | $2.81 | -23.4% | $2.3B | -0.2% |
| Oct 18, 2023 | $3.93 | $3.98 | +1.3% | $2.3B | +0.4% |
| Jul 19, 2023 | $4.04 | $5.05 | +25.0% | $2.6B | +10.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 15, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• M&T's purpose is to make a difference in people's lives by helping customers grow, enabling commerce, and supporting communities. • Priorities for 2026 include operational excellence and teaming for growth. • In the first quarter, launched a new Baltimore Ravens College Track Center, a new full-service branch in the Bronx, and announced a program with the Boston Foundation. • Highlighted strong balance sheet qualities like high-quality loan portfolio, proven asset quality, strong capital, and ample liquidity. • Discussed growth in loan categories with caution on underwriting and pricing. • Mentioned recognition for performance including charitable team and investor engagement. • Talked about various aspects of balance sheet, capital, asset quality, and revenue. • Outlined initiatives like Teaming for Growth and operational excellence using AI and automation.
Guidance
• Full year expectations unchanged from January's ranges. • NI trending toward the bottom half of 7.2 to 7.35 range. • CNI strength partially offset slower CRE and consumer growth initially but strong CRE origination volume in March. • Fee income and expenses expected to trend toward top of ranges. • Taxable equivalent tax rate expected to be approximately 24%. • CET1 ratio moving to the bottom end of 10%.
Segment performance
Net interest margin expanded two basis points. CNI growth was strong with average CNI loans growing at $1.5 billion. Fee income grew 13% from the first quarter of 2025. Credit continued to perform well with more than $700 million reduction in criticized balances and net charge-offs of 31 basis points. Average loans and leases increased 0.8 billion to 138.4 billion. Non-interest income was $689 million compared to $696 million in the linked quarter. Non-interest expense for the quarter were $1.44 billion, increase of $59 million from the prior quarter. Asset quality was strong with lower net charge-offs and continued improvement in non-accruals and criticized loans. M&T's CET1 ratio was an estimated 10.33%, decline of 51 basis points from the fourth quarter.
Analyst Q&A
Q: Clarify on ERBA adoption and benefit, and normalized CET1 level for M&T.
A: Proposal needs comment and approval process, may opt in if advantageous. CET1 measure could go up 100 basis points with proposal, but rating agencies and RWA measurement need consideration.
Q: Expand on margin coming in below prior expectations.
A: Combination of weaker consumer indirect due to weather and cautious CRE outlook initially, but strong CRE origination in March and DDA account growth challenges.
Q: Discuss overall level of borrowings.
A: Managing short-term ratios and volatility in ICS business deposits, keeping lines open for access.
Q: Share catalyst for NDFI portfolio growth.
A: Mortgage warehouse lending, lending to REITs, and fund banking and capital call lines from acquisition, all safe and profitable businesses.
Q: Expand on CRE lending outlook.
A: Strong CRE platform with multiple business lines, expecting growth in loan balances and fee income, with improvement in criticized loans.
Q: On CRE loan balances growth in 2Q and beyond.
A: Have momentum and growth, confident in growth this year with teams working hard.
Q: Use of excess capital and buyback pace.
A: Widened CET1 range due to asset quality improvement, comfortable with moving to 10% CET1, can accrete capital quickly if needed.
Q: Deposit competition comments.
A: Competitive but M&T grows customer deposits consistently, with businesses incentivized to get operating accounts.
Q: Credit spreads comments.
A: Credit spreads moving with Iran conflict, competitive, net-net about same.
Q: Fee growth and mortgage servicing books.
A: Tremendous fee momentum, additional servicing expected in second half of year with $30 - $40 million annual run rate, good margin.
Q: Deposit growth and balance sheet allocation.
A: Fine-tuning balance sheet, putting more in securities portfolio for less hedging, neutral interest rate risk position.
Q: Selectivity in underwriting.
A: Competitive lending environment, more tilt to structure than pricing, being selective to ensure good earnings streams.
Q: M&A interest.
A: Very selective, consider M&A that fits strategic and financial criteria.
Q: GL update and tech spend.
A: General ledger went live, tech spend reallocated to Teaming for Growth and operational excellence projects.
Q: Capital proposal benefit and deployment.
A: Awaiting comment period results, RWA lift due to conservative lending, will figure out capital deployment later.
Q: Deposit betas and NIM/NII.
A: Deposit beta in mid-50s, likely stay low to mid-50s, beta may shrink if rates drop further but not immediate.