M&T Bank Corporation announced its financial results for the third quarter of 2026 on October 16, 2026. The company reported quarterly net income of $775 million, which translates to diluted earnings per common share of $5.04. This figure represents a decrease from the $818 million reported in the second quarter of 2026 and a slight increase compared to the $792 million recorded in the third quarter of 2025.
Key financial metrics for the quarter included a taxable-equivalent net interest income of $1.805 billion. The provision for credit losses was $135 million, and noninterest income totaled $743 million. Noninterest expense for the period was $1.393 billion. The company reported an annualized return on average assets of 1.40% and an annualized return on average common shareholders' equity of 11.44%.
M&T reported an average balance sheet total of $218.86 billion. Average loans grew by $2.6 billion during the quarter, driven by increases in commercial real estate, consumer, and residential real estate loan balances. The allowance for loan losses as a percent of total loans declined to 1.51% at September 30, 2026. Nonaccrual loans were $1.298 billion at the end of the quarter, representing 0.90% of total loans.
In terms of capital management, M&T repurchased 1.3 million shares of its common stock during the third quarter at a total cost of $323 million. The company also reported that its Common Equity Tier 1 (CET1) capital ratio is estimated to be 10.16% at September 30, 2026.
