M&T Bank (NYSE:MTB) Announces Earnings Results, Beats Expectations By $0.25 EPS

Posted by Patrick Bannon on Jan 17th, 2026

M&T Bank (NYSE:MTB – Get Free Report) announced its earnings results on Friday. The financial services provider reported $4.72 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.25, FiscalAI reports. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. M&T Bank had a net margin of 20.91% and a return on equity of 10.62%. During the same quarter in the prior year, the firm earned $3.77 earnings per share.

Here are the key takeaways from M&T Bank’s conference call:

Record 2025 performance: M&T reported record net income of $2.85 billion and record EPS of $17, while delivering top‑quartile returns (ROTA >1.4%), an 11% dividend increase, and repurchasing 9% of shares.
Q4 snapshot: Q4 GAAP EPS was $4.67 (net income $759M), a slight quarter‑to‑quarter decline, and results included a $29M FDIC special assessment reduction (+$0.14 EPS) and a $30M charitable contribution (‑$0.15 EPS).
2026 financial guidance and sensitivity: Management expects taxable‑equivalent NII of $7.2–$7.35B with NIM in the low‑3.70s assuming 50 bps of cuts, average loans $140–$142B and deposits $165–$167B, noting outcomes will vary with the yield‑curve shape.
Credit and asset quality: Asset quality improved (non‑accruals down 26% in 2025 to a 0.90% non‑accrual ratio), but Q4 net charge‑offs rose to $185M (54 bps) largely from resolution of previously identified credits; allowance was 1.53% of loans.
Capital flexibility & strategic priorities: CET1 was estimated at 10.84% (management plans to operate in a 10.25%–10.5% range in 2026), will remain opportunistic on buybacks/dividends and M&A, and is focused on “operational excellence” and “teaming for growth” to drive future returns.

M&T Bank Stock Performance

M&T Bank stock opened at $212.59 on Friday. M&T Bank has a 52 week low of $150.75 and a 52 week high of $215.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The stock has a market cap of $32.67 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59. The stock has a 50 day moving average of $199.27 and a 200-day moving average of $195.16.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 1st were paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, December 1st. M&T Bank’s dividend payout ratio (DPR) is 36.95%.

Insiders Place Their Bets

In related news, EVP Christopher E. Kay sold 5,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $191.70, for a total transaction of $1,006,425.00. Following the sale, the executive vice president directly owned 5,501 shares of the company’s stock, valued at approximately $1,054,541.70. This represents a 48.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Sadler, Jr. sold 6,000 shares of M&T Bank stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $190.06, for a total transaction of $1,140,360.00. Following the completion of the transaction, the director directly owned 17,070 shares of the company’s stock, valued at approximately $3,244,324.20. This represents a 26.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On M&T Bank

Several institutional investors have recently modified their holdings of MTB. Dark Forest Capital Management LP acquired a new stake in M&T Bank in the third quarter worth approximately $8,767,000. Horizon Investments LLC raised its stake in shares of M&T Bank by 8.0% in the 3rd quarter. Horizon Investments LLC now owns 54,442 shares of the financial services provider’s stock worth $10,759,000 after buying an additional 4,017 shares in the last quarter. Woodline Partners LP raised its stake in shares of M&T Bank by 40.7% in the 1st quarter. Woodline Partners LP now owns 14,018 shares of the financial services provider’s stock worth $2,506,000 after buying an additional 4,054 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of M&T Bank by 7.4% in the third quarter. Brown Brothers Harriman & Co. now owns 3,956 shares of the financial services provider’s stock valued at $782,000 after buying an additional 271 shares during the period. Finally, DF Dent & Co. Inc. boosted its stake in M&T Bank by 62.9% during the third quarter. DF Dent & Co. Inc. now owns 3,298 shares of the financial services provider’s stock valued at $652,000 after buying an additional 1,273 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.

Key Stories Impacting M&T Bank

Here are the key news stories impacting M&T Bank this week:

Positive Sentiment: Quarterly beat — M&T delivered $4.67 EPS vs. $4.47 consensus and $2.48B revenue vs. $2.47B, with quarterly net income of $759M. This print confirms earnings strength and higher profitability. MTB Q4 Earnings Beat on Higher NII & Fee Income, Stock Down
Positive Sentiment: Core drivers — Management cited rising net interest income and an improved net interest margin, plus a rebound in mortgage banking, as the main profit drivers — supportive for near-term earnings power. M&T Bank’s fourth-quarter profit lifted by interest income growth
Neutral Sentiment: Full-year results & outlook — M&T reported FY 2025 EPS of $17.00; the company provided detail in its slide deck and call but did not materially change long-term guidance, leaving analysts to update models. M&T Bank Corporation announces fourth quarter and full-year 2025 results
Neutral Sentiment: Earnings call detail — The full earnings call transcript and presentation provide color on loan growth, deposit trends and expense drivers; investors should review guidance/comments on loan demand and cost trajectory. M&T Bank Corporation (MTB) Q4 2025 Earnings Call Transcript
Negative Sentiment: Costs and market reaction — Zacks and other coverage note rising operating costs and an early share decline after the print; investors worried about expense trends and margin sustainability weighed on the stock’s initial reaction. MTB Q4 Earnings Beat on Higher NII & Fee Income, Stock Down
Neutral Sentiment: Sector context — CNBC coverage highlights mixed results across regional banks this week; MTB’s shares are trading within that broader sector narrative, so macro/peer flows could influence near-term price action. Regional banks report mixed results

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group raised their price objective on shares of M&T Bank from $207.00 to $208.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Wolfe Research downgraded shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Citigroup lifted their price objective on M&T Bank from $215.00 to $225.00 and gave the stock a “neutral” rating in a report on Friday, January 2nd. Keefe, Bruyette & Woods increased their price objective on shares of M&T Bank from $220.00 to $230.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $230.00 target price on shares of M&T Bank in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $221.45.

View Our Latest Research Report on M&T Bank

About M&T Bank

(Get Free Report)

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.