M&T Bank's second-quarter profit lifted by interest income growth

M&T Bank

15/07/2026 11:34

July 15 (Reuters) - M&T Bank MTB.N posted a rise in second-quarter profit on Wednesday, driven by higher interest income and trust income.
   Elevated interest rates have helped banks generate stronger interest income, as businesses and consumers adapt to the higher-rate environment and continue to pursue borrowing and investment opportunities.
     
Here are some more details:
 M&T's net interest income, the difference between what banks pay customers on deposits and earn as interest on loans, rose 4.6% to $1.79 billion in the second quarter from a year earlier.
The Buffalo, New York-based bank's quarterly net interest margin widened 8 basis points to 3.70%.
Non-interest income rose to $740 million in the second quarter from $683 million a year ago.
Trust income rose to $197 million from $182 million, while mortgage banking revenue fell 2% to $127 million. 
The lender's provision for credit losses fell to $120 million from $125 million a year earlier.
Loans for the quarter increased to $141.4 billion from $135.4 billion.
Net income available to common shareholders rose to $781 million, or $5.32 per share, for the three months ended June 30, from $679 million, or $4.24 per share, a year earlier.

 (Reporting by Pragyan Kalita in Bengaluru; Editing by Maju Samuel)
 ((Pragyan.Kalita@thomsonreuters.com;))