M&T Bank Q1 net interest income misses analyst expectations

M&T Bank

15/04/2026 10:40

Overview

U.S. regional bank's Q1 net income and adjusted EPS rose yr/yr

Q1 net interest income missed analyst expectations despite wider net interest margin

Company repurchased $1.25 bln of common stock during the quarter

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

NET INTEREST MARGIN - Margin widened 2 bps from prior qtr as funding costs declined more than yields on earning assets

LOAN MIX - Higher average balances of commercial and industrial loans drove loan growth, offset by declines in commercial real estate and consumer loans

NONINTEREST INCOME FACTORS - Noninterest income reflected a new accounting election for mortgage servicing rights, lower gains on commercial mortgage loans originated for sale, and a $33 mln distribution from investment in Bayview Lending Group

Company press release: ID:nPnRVq40a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$4.18
Q1 EPS
$4.13
Q1 Net Income
$664 mln
Q1 Net Interest Income
Miss
$1.75 bln
$1.77 bln (10 Analysts)
Q1 CET1 Capital Ratio
10.33%
Q1 Net Interest Margin
3.71%
Q1 Provision for Credit Loss
$140 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for M&T Bank Corp is $230.00, about 4.3% above its April 14 closing price of $220.51

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)