M&T Bank Corporation Reports Second Quarter 2026 Results
M&T Bank Corporation reported second quarter 2026 net income of $818 million, or $5.32 per diluted share. This marks an increase from the previous quarter's earnings.
BUFFALO, N.Y. – July 15, 2026 – M&T Bank Corporation announced its financial results for the second quarter of 2026, with net income totaling $818 million, or $5.32 per diluted common share. The reported earnings represent a significant increase from the first quarter of 2026, when net income was $664 million.
The bank's net interest income rose to $1.804 billion on a taxable-equivalent basis, up from $1.763 billion in the preceding quarter. This growth was attributed to higher interest income on earning assets and an additional day in the quarter. The net interest margin remained stable at 3.70 percent.
Average loan balances increased by $3.0 billion compared to the first quarter, with substantial growth observed in commercial and industrial loans. Noninterest income also saw an increase, benefiting from a higher distribution from an investment in Bayview Lending Group LLC and increased revenues from interest rate swap agreements.
Noninterest expenses decreased in the second quarter, a result of lower seasonal salaries and employee benefits expenses. M&T Bank also repurchased 2.1 million shares of its common stock during the quarter for $465 million. The bank's Common Equity Tier 1 capital ratio was estimated at 10.19 percent as of June 30, 2026.