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How M&T Bank (MTB) makes money: Q3 2026 revenue breakdown
The quarter in brief
Revenue grew 0.9% y/y to $2.54B, pre-tax margin 39.7% vs 40.8%, net income $775M (−2.1% y/y).
Key growth driver: Average loans grew to $143,296M from $135,890M a year earlier; in the quarter the growth came from commercial real estate, consumer and residential real estate loans. · by the Q3 2026 report
Net income
$775M
down 2.1% y/y
Total revenue
$2,536M
up 0.9% y/y
Next report
not announced yet
How does M&T Bank make money?
M&T Bank brought in $2.54 billion of revenue in Q3 2026, up 0.9% year over year. The largest source was Net interest income: $1.79 billion, or 71% of the total, followed by Noninterest income ($743M, 29%). Net income for the quarter was $775 million, down 2.1% year over year.
Revenue by source, Q3 2026
- Net interest income$1.79B · 71% · +1.8%
- Noninterest income$743M · 29% · −1.2%
Shares of $2.54B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net interest income | $1,793 · +1.8% |
| Noninterest income | $743 · −1.2% |
| Total revenue | $2,536 · +0.9% |
| Noninterest expense | $1,393 · +2.2% |
| Provision for credit losses | $135 · +8.0% |
| Income before taxes | $1,008 · −1.7% · 39.7% margin |
| Income taxes | $233 · +0.0% · 23.1% effective rate |
| Net income | $775 · −2.1% · $5.04/sh · 30.6% margin |
Verdict: revenue grew 0.9% y/y to $2.54B, pre-tax margin 39.7% vs 40.8%, net income $775M (−2.1% y/y).
Diluted EPS $5.04 vs $4.82 a year earlier; net income available to common shareholders $732M vs $754M; net interest margin 3.65% vs 3.69%; efficiency ratio 54.4%; CET1 10.16% (estimated); quarterly dividend $1.50 per share.
Source and notation
Source: M&T Bank earnings release and its exhibits, 8-K EX-99 of 10/16/2026 (SEC EDGAR). Bank layout: total revenue = net interest income + noninterest income; noninterest expense and the provision for credit losses are deducted to reach pre-tax income; preferred dividends separate net income from net income available to common shareholders. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; SEC XBRL for this quarter is not published yet, so the XBRL check is pending.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Average loans grew to $143,296M from $135,890M a year earlier; in the quarter the growth came from commercial real estate, consumer and residential real estate loans.
- Diluted EPS rose about 5% while net income fell 2%: average diluted shares dropped 7% to 145,174 thousand after buybacks; in the quarter M&T repurchased 1.3 million shares for $323 million.
- Credit: net charge-offs were 0.35% of average loans vs 0.42% a year earlier; nonaccrual loans fell to 0.90% of total loans from 1.11%, and the allowance was 1.51% of loans.
- Pre-tax income was $1.01B, a 39.7% margin vs 40.8% a year earlier.
- The effective tax rate was 23.1% vs 22.7% a year earlier.
- Diluted EPS was $5.04 vs $4.82 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
- René F. JonesChairman of the Board and Chief Executive Officer [1]
- Daryl N. BibleSenior Executive Vice President and Chief Financial Officer [2]
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-04 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-04 · SEC EDGAR · 10/20/2026
M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. · Text: Wikipedia, CC BY-SA 4.0, abridged
It operates 940+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.
Company guidance
Same quarter a year ago (ended December 31, 2025): revenue $2.475B, EPS (GAAP) $4.62
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
MTB earnings history: past report dates
| Jul 15, 2026 Wed | 6:02 ambefore market open | Jun 30, 2026 | $2.5B+6% y/y | $5.32+25% y/y |
| Apr 15, 2026 Wed | 6:07 ambefore market open | Mar 31, 2026 | $2.4B+6% y/y | $4.13+24% y/y |
| Jan 16, 2026 Fri | 6:05 ambefore market open | Dec 31, 2025 | ≈$2.5B+4% y/y | ≈$4.62+19% y/y |
| Oct 16, 2025 Thu | 6:02 ambefore market open | Sep 30, 2025 | $2.5B+8% y/y | $4.82+20% y/y |
| Jul 16, 2025 Wed | 6:04 ambefore market open | Jun 30, 2025 | $2.4B+4% y/y | $4.24+14% y/y |
| Apr 14, 2025 Mon | 6:03 ambefore market open | Mar 31, 2025 | $2.3B+2% y/y | $3.32+10% y/y |
| Jan 16, 2025 Thu | 6:03 ambefore market open | Dec 31, 2024 | ≈$2.4B+4% y/y | ≈$3.87+41% y/y |
| Oct 17, 2024 Thu | 6:01 ambefore market open | Sep 30, 2024 | $2.3B−0% y/y | $4.02+1% y/y |
| Jul 18, 2024 Thu | 6:08 ambefore market open | Jun 30, 2024 | $2.3B−12% y/y | $3.73−26% y/y |
| Apr 15, 2024 Mon | 6:13 ambefore market open | Mar 31, 2024 | $2.3B−6% y/y | $3.02−25% y/y |
| Jan 18, 2024 Thu | 6:17 ambefore market open | Dec 31, 2023 | ≈$2.3B−8% y/y | ≈$2.75−37% y/y |
| Oct 18, 2023 Wed | 6:31 ambefore market open | Sep 30, 2023 | $2.3B+4% y/y | $3.98+13% y/y |
| Jul 19, 2023 Wed | 6:18 ambefore market open | Jun 30, 2023 | $2.6B+31% y/y | $5.05+368% y/y |
| Apr 17, 2023 Mon | 9:16 ambefore market open | Mar 31, 2023 | $2.4B+66% y/y | $4.01+53% y/y |
| Jan 19, 2023 Thu | 9:14 ambefore market open | Dec 31, 2022 | ≈$2.5B+66% y/y | ≈$4.39+30% y/y |
| Oct 19, 2022 Wed | 9:24 ambefore market open | Sep 30, 2022 | $2.2B+46% y/y | $3.53−4% y/y |
| Jul 20, 2022 Wed | 9:03 ambefore market open | Jun 30, 2022 | $2.0B+36% y/y | $1.08−68% y/y |
| Apr 20, 2022 Wed | 9:25 ambefore market open | Mar 31, 2022 | $1.4B−3% y/y | $2.62−21% y/y |
| Jan 20, 2022 Thu | 9:25 ambefore market open | Dec 31, 2021 | ≈$1.5B−2% y/y | ≈$3.37−4% y/y |
| Oct 20, 2021 Wed | 9:45 amduring market hours | Sep 30, 2021 | $1.5B+5% y/y | $3.69+34% y/y |
| Jul 21, 2021 Wed | 10:07 amduring market hours | Jun 30, 2021 | $1.5B+1% y/y | $3.41+96% y/y |
| Apr 19, 2021 Mon | 11:05 amduring market hours | Mar 31, 2021 | $1.5B−1% y/y | $3.33+73% y/y |
| Jan 21, 2021 Thu | 8:52 ambefore market open | Dec 31, 2020 | ≈$1.5B+1% y/y | ≈$3.52−2% y/y |
| Oct 22, 2020 Thu | 9:28 ambefore market open | Sep 30, 2020 | $1.5B−6% y/y | $2.75−21% y/y |
| Jul 23, 2020 Thu | 9:40 amduring market hours | Jun 30, 2020 | $1.4B−7% y/y | $1.74−48% y/y |
| Apr 20, 2020 Mon | 9:20 ambefore market open | Mar 31, 2020 | $1.5B−3% y/y | $1.93−42% y/y |
| Jan 23, 2020 Thu | 10:35 amduring market hours | Dec 31, 2019 | ≈$1.5B−1% y/y | ≈$3.59−4% y/y |
| Oct 17, 2019 Thu | 9:47 amduring market hours | Sep 30, 2019 | $1.6B+5% y/y | $3.47−2% y/y |
| Jul 18, 2019 Thu | 9:10 ambefore market open | Jun 30, 2019 | $1.6B+6% y/y | $3.34+2% y/y |
| Apr 15, 2019 Mon | 9:37 amduring market hours | Mar 31, 2019 | $1.6B+8% y/y | $3.35+50% y/y |
| Jan 17, 2019 Thu | 9:14 ambefore market open | Dec 31, 2018 | ≈$1.5B+6% y/y | ≈$3.74+86% y/y |
| Oct 17, 2018 Wed | 9:23 ambefore market open | Sep 30, 2018 | $1.5B+5% y/y | $3.53+60% y/y |
| Jul 18, 2018 Wed | 8:42 ambefore market open | Jun 30, 2018 | $1.5B+5% y/y | $3.26+39% y/y |
| Apr 16, 2018 Mon | 9:28 ambefore market open | Mar 31, 2018 | $1.4B+5% y/y | $2.23+5% y/y |
| Jan 18, 2018 Thu | 9:19 ambefore market open | Dec 31, 2017 | ≈$1.5B+9% y/y | ≈$2.01+2% y/y |
| Oct 18, 2017 Wed | 9:38 amduring market hours | Sep 30, 2017 | $1.4B+5% y/y | $2.21+5% y/y |
| Jul 19, 2017 Wed | 9:00 ambefore market open | Jun 30, 2017 | $1.4B+7% y/y | $2.35+19% y/y |
| Apr 17, 2017 Mon | 9:41 amduring market hours | Mar 31, 2017 | $1.4B+5% y/y | $2.12+23% y/y |
| Jan 19, 2017 Thu | 9:15 ambefore market open | Dec 31, 2016 | ≈$1.3B+7% y/y | ≈$1.98+22% y/y |
| Oct 19, 2016 Wed | 9:06 ambefore market open | Sep 30, 2016 | $1.3B+19% y/y | $2.10+9% y/y |
| Jul 20, 2016 Wed | 9:39 amduring market hours | Jun 30, 2016 | $1.3B+11% y/y | $1.98+0% y/y |
| Apr 18, 2016 Mon | 9:08 ambefore market open | Mar 31, 2016 | $1.3B+18% y/y | $1.73+5% y/y |
| Jan 19, 2016 Tue | 9:34 amduring market hours | Dec 31, 2015 | ≈$1.3B+11% y/y | ≈$1.62−16% y/y |
| Oct 19, 2015 Mon | 8:23 ambefore market open | Sep 30, 2015 | $1.1B+1% y/y | $1.93+1% y/y |
| Jul 16, 2015 Thu | 8:46 ambefore market open | Jun 30, 2015 | $1.2B+5% y/y | $1.98+0% y/y |
| Apr 20, 2015 Mon | 8:38 ambefore market open | Mar 31, 2015 | $1.1B+2% y/y | $1.65+2% y/y |
| Jan 20, 2015 Tue | 10:12 amduring market hours | Dec 31, 2014 | ≈$1.1B+2% y/y | ≈$1.92+23% y/y |
| Oct 17, 2014 Fri | 10:03 amduring market hours | Sep 30, 2014 | $1.1B−3% y/y | $1.91−9% y/y |
| Jul 17, 2014 Thu | 10:29 amduring market hours | Jun 30, 2014 | $1.1B−5% y/y | $1.98−22% y/y |
| Apr 14, 2014 Mon | 8:31 ambefore market open | Mar 31, 2014 | $1.1B−1% y/y | $1.61−19% y/y |
| Jan 17, 2014 Fri | 8:43 ambefore market open | Dec 31, 2013 | ≈$1.1B−1% y/y | ≈$1.56−28% y/y |
| Oct 17, 2013 Thu | 9:41 amduring market hours | Sep 30, 2013 | $1.2B+4% y/y | $2.11−3% y/y |
| Jul 17, 2013 Wed | 10:19 amduring market hours | Jun 30, 2013 | $1.2B+14% y/y | $2.55+49% y/y |
| Apr 15, 2013 Mon | 10:34 amduring market hours | Mar 31, 2013 | $1.1B+9% y/y | $1.98+32% y/y |
| Jan 16, 2013 Wed | 10:18 amduring market hours | Dec 31, 2012 | ≈$1.1B+10% y/y | ≈$2.17+111% y/y |
| Oct 17, 2012 Wed | 10:14 amduring market hours | Sep 30, 2012 | $1.1B+13% y/y | $2.17+64% y/y |
| Jul 17, 2012 Tue | 8:26 ambefore market open | Jun 30, 2012 | $1.0B−4% y/y | $1.71−29% y/y |
| Apr 16, 2012 Mon | 10:14 amduring market hours | Mar 31, 2012 | $997M+13% y/y | $1.50−6% y/y |
| Jan 17, 2012 Tue | 11:02 amduring market hours | Dec 31, 2011 | ≈$1.0B | ≈$1.03 |
| Oct 19, 2011 Wed | 10:18 amduring market hours | Sep 30, 2011 | $985M | $1.32 |
| Jul 20, 2011 Wed | 10:09 amduring market hours | Jun 30, 2011 | $1.1B | $2.42 |
| Apr 18, 2011 Mon | 10:12 amduring market hours | Mar 31, 2011 | $883M | $1.59 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
M&T Bank: 15-year financials
| 2025 | 9,690 | 2,851 | — | 899 |
| 2024 | 9,279 | 2,588 | — | 895 |
| 2023 | 9,643 | 2,741 | 3,649 | 868 |
| 2022 | 8,179 | 1,992 | 4,360 | 784 |
| 2021 | 5,992 | 1,859 | 2,566 | 580 |
| 2020 | 5,955 | 1,353 | 617 | 568 |
| 2019 | 6,192 | 1,929 | 2,180 | 552 |
| 2018 | 5,928 | 1,918 | 1,992 | 510 |
| 2017 | 5,632 | 1,408 | 2,703 | 457 |
| 2016 | 5,296 | 1,315 | 1,075 | 442 |
| 2015 | 4,668 | 1,080 | 1,660 | 375 |
| 2014 | 4,456 | 1,066 | 1,026 | 371 |
| 2013 | 4,538 | 1,139 | 802 | 365 |
| 2012 | 4,266 | 1,030 | 408 | 358 |
| 2011 | 3,973 | 860 | 1,702 | 350 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Jun 30, 2026: $27.9B (13% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
M&T Bank (MTB) earnings: FAQ
How does M&T Bank make money?
M&T Bank brought in $2.54 billion of revenue in Q3 2026, up 0.9% year over year. The largest source was Net interest income: $1.79 billion, or 71% of the total, followed by Noninterest income ($743M, 29%). Net income for the quarter was $775 million, down 2.1% year over year.
When is MTB's next earnings date?
We have not yet seen an announcement of the date from M&T Bank (MTB). Based on last year's report on Jan 16, 2026, the next report is expected around Jan 15, 2027.
What time does MTB report earnings?
M&T Bank usually reports before market open: its latest results release was filed with the SEC at 6:02 am ET on Oct 16, 2026.
When did MTB last report earnings?
M&T Bank reported Q3 2026 results on Oct 16, 2026.
Where can I find M&T Bank's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to MTB's filings; this page breaks the latest report down in a Sankey chart.
What was MTB's net income in Q3 2026?
M&T Bank reported net income of $775M for Q3 2026 (−2.1% year over year), under US GAAP.
Does M&T Bank pay dividends?
Yes. In 2025, M&T Bank paid $899M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has M&T Bank's revenue changed since 2011?
Per its 10-K filings, revenue grew 2.4x: $3,973M in 2011 and $9,690M in 2025. The latest year is the highest in the table. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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