M&T Bank Corporation (NYSE:MTB) announces second quarter 2026 results

M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $818 million or $5.32 of diluted earnings per common share. (Dollars in millions, except per share data) 2Q26 1Q26 2Q25 Earnings Highlights Net interest income $ 1,792 $ 1,752 $ 1,713 Taxable-equivalent adjustment 12 11 9 Net interest income - taxable-equivalent 1,804 1,763 1,722 Provision for credit losses 120 140 125 Noninterest income 740 689 683 Noninterest expense 1,349 1,438 1,336 Net income 818 664 716 Net income available to common shareholders - diluted 781 620 679 Diluted earnings per common share 5.32 4.13 4.24 Return on average assets - annualized 1.51 % 1.26 % 1.37 % Return on average common shareholders' equity - annualized 12.30 9.67 10.39 Average Balance Sheet Total assets $ 216,532 $ 213,828 $ 210,261 Interest-bearing deposits at banks 15,061 16,231 19,698 Investment securities 38,728 37,845 35,335 Loans 141,427 138,423 135,407 Deposits (1) 163,524 164,176 163,258 Borrowings 20,794 16,759 14,263 Selected Ratios (Amounts expressed as a percent, except per share data) Net interest margin (1) 3.70 % 3.70 % 3.62 % Efficiency ratio (2) 52.8 58.3 55.2 Net charge-offs to average total loans - annualized .23 .31 .32 Allowance for loan losses to total loans 1.52 1.53 1.61 Nonaccrual loans to total loans .84 .89 1.16 Common equity Tier 1 ("CET1") capital ratio (3) 10.19 10.33 10.99 Common shareholders' equity per share $ 176.03 $ 173.82 $ 166.94 (1) In conjunction with the implementation of a new general ledger platform during the second quarter of 2026, the Company modified its methodology for calculating annualized taxable-equivalent rates for certain earning assets and interest-bearing liabilities, including certain average deposit balances. Previously reported amounts have been adjusted to conform to the current presentation. (2) A reconciliation of non-GAAP measures is included in the tables that accompany this release. (3) CET1 cap...