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M&T Bank posts third-quarter profit above analyst expectations

Net income reached $775 million, or $5.04 per diluted share.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

This story is no longer being updated. It reflects reporting up to .

What happened

M&T Bank Corporation reported third-quarter 2026 results, with quarterly net income of $775 million, or $5.04 per diluted common share. Analysts had expected lower earnings, and the reported figures were above those estimates. The results were supported by growth in the bank's lending portfolios and a modest rise in net interest income.

Why it matters

The earnings beat shows the bank's lending growth is supporting its results. Its shares rose about 1.53% after the report.

Timeline

  1. Oct 16, 5:30 AM ET: M&T Bank announced third-quarter 2026 results, reporting net income of $775 million or $5.04 per diluted share.
  2. Oct 16, 6:54 AM ET: M&T Bank shares rose 1.53% as third-quarter earnings beat analyst estimates on loan growth.
  3. Oct 16, 10:19 AM ET: M&T Bank was among several regional banks, including Truist Financial and Citizens Financial, that topped third-quarter earnings estimates.
  4. Oct 16, 12:53 PM ET: M&T Bank held its third-quarter 2026 earnings call, with a summary of the discussion published.

Coverage

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