Overview
- M&T reported fourth-quarter net income of $759 million and diluted EPS of $4.67, topping consensus estimates.
- Net interest income rose to $1.78 billion with a 3.69% net interest margin, while noninterest income reached $696 million as mortgage banking revenue climbed 32%.
- Provisions for credit losses were $125 million versus $140 million a year earlier, and nonaccrual loans fell to $1.25 billion as executives characterized asset quality as the best in decades.
- The bank guided 2026 net interest income to $7.2 billion to $7.35 billion, roughly in line with the Street’s expectations.
- Capital remained solid with an estimated CET1 ratio of 10.84% as the company repurchased 2.7 million shares for $507 million and declared $269 million in dividends, while signaling a selective approach to M&A with a focus on organic growth.