M&T Bank

Q2 FY2026 EarningsQ2 2026 net income reached $818M, up 14% YoY and 23% QoQ, with record diluted EPS of $5.32. Taxable-equivalent net interest income grew to $1.80B (up 5% YoY) driven by a 4% increase in average loans, particularly in C&I. Net interest margin remained stable at 3.70% while asset quality improved, with nonaccrual loans dropping 23% YoY. Share repurchases continued with $465M executed in the quarter, maintaining a CET1 ratio of 10.19%.