M&T Bank (MTB) Q3 FY2026 earnings

M&T Bank Corp. (MTB) announced its results for Q3 FY2026, the quarter ended 30 September 2026, on 16 October 2026. Net income was $775 million, down 2.1% on the year. The figures are from the company's earnings press release; the 10-Q with the full statements is not filed yet, and this page fills in when it is.

RevenueNot yetwith the 10-Q

Net income$775 milliondown 2.1%

Diluted EPSNot yet

QuarterQ3 FY2026ended 30 September 2026

What management said

Net income and EPS fell from second quarter: Net income was $775 million, down from $818 million in the second quarter. Diluted EPS was $5.04 against $5.32. Diluted net operating EPS was $5.08 against $5.35.
Average loans rose $2.6 billion: Average loans grew $2.6 billion from the second quarter, with commercial real estate up $1.6 billion, consumer up $634 million and residential real estate up $367 million.
Net interest margin 3.65%: Net interest margin was 3.65%, against 3.70% in the second quarter and 3.69% a year earlier. Net interest spread was 2.97%.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	n/a	2,532	2,513	n/a
Net income	775	818	792	-2.1%
Diluted EPS	n/a	$5.32	$4.82	n/a

$ million except per share.

Q3 FY2026 is from the company's press release of 16 October 2026; the other columns are from its 10-Q and 10-K filings. A release figure is shown when the release's own figure for an earlier quarter matches the filed one, so the line and its units are read right; revenue, diluted EPS will come with the 10-Q.

Quarterly results, the last 20 quarters filed

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025 †	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,536	1,512	1,445	1,983	2,242	2,509	2,405	2,602	2,335	2,300	2,260	2,302	2,332	2,385	2,306	2,396	2,513	2,475	2,441	2,532
Interest expense	25.7	24.7	24.1	53.4	103	245	509	716	866	1,018	1,065	1,071	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	657	600	475	278	848	1,011	926	1,160	907	626	664	855	909	882	761	935	1,025	971	863	1,063
Tax rate	25%	24%	24%	22%	24%	24%	24%	25%	24%	23%	20%	23%	21%	23%	23%	23%	23%	22%	23%	23%
Net income	495	458	362	218	647	765	702	867	690	482	531	655	721	681	584	716	792	759	664	818
Net margin	32%	30%	25%	11%	29%	31%	29%	33%	30%	21%	23%	28%	31%	29%	25%	30%	32%	31%	27%	32%
Diluted EPS	$3.69	$3.37	$2.62	$1.08	$3.53	n/a	$4.01	$5.05	$3.98	$2.75	$3.02	$3.73	$4.02	$3.92	$3.32	$4.24	$4.82	$4.72	$4.13	$5.32
Operating cash flow	486	697	1,296	1,187	1,137	954	428	1,257	1,420	800	608	1,354	-28.0	1,676	635	844	1,001	523	1,012	1,268
Capital expenditure	42.7	61.8	27.9	59.8	39.1	87.2	55.0	46.0	66.8	87.8	35.0	66.0	30.0	85.0	25.0	26.0	36.0	56.0	96.0	21.0
Free cash flow	444	635	1,268	1,128	1,098	866	373	1,211	1,353	712	573	1,288	-58.0	1,591	610	818	965	467	916	1,247
Buybacks	n/a	n/a	n/a	n/a	600	n/a	594	0.0	0.0	0.0	0.0	0.0	198	198	656	1,069	404	502	1,238	460
Dividends paid	142	155	157	213	209	205	221	216	216	216	221	225	225	224	225	213	233	228	227	218
Shares outstanding	129m	129m	179m	176m	173m	168m	166m	166m	166m	167m	167m	167m	166m	164m	161m	156m	154m	149m	146m	144m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Earnings press release for the quarter ended 30 September 2026, filed with the SEC on 16 October 2026 with a Form 8-K: the release.