M&T Bank Q3 adjusted EPS beats estimates on loan growth

M&T Bank

16/10/2026 10:41

Overview
U.S. regional bank's Q3 adjusted EPS beat analyst expectations
Q3 net interest income missed analyst expectations
Company repurchased 1.3 mln shares for $323 mln in Q3

Outlook
Company expects continued strength across customer-driven revenue streams due to diversified business model

Result Drivers
LOAN GROWTH - Co said higher average commercial real estate, consumer and residential real estate loan balances drove loan growth in Q3
MORTGAGE BANKING REVENUES - Co said higher residential mortgage banking revenues contributed to noninterest income in Q3
TECHNOLOGY AND PERSONNEL COSTS - Co said higher technology infrastructure and personnel costs increased noninterest expense in Q3

Company press release: ID:nPn3JxBdZa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$5.08
$4.96 (20 Analysts)
Q3 EPS
 
$5.04
 
Q3 Net Income
 
$775 mln
 
Q3 Net Interest Income
Miss
$1.79 bln
$1.82 bln (12 Analysts)
Q3 CET1 Capital Ratio
 
10.16%
 
Q3 Net Interest Margin
 
3.65%
 
Q3 Provision for Credit Loss
 
$135 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 14 "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 Corporation is $250.00, about 14.3% above its October 15 closing price of $218.65
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 14 - US banks post solid third-quarter loan growth, but face more competition for deposits
Oct 15 - First Horizon Corp reports Q3 loss on mortgage sale impact
Oct 15 - PNC's Q3 revenue grows slightly less than expected on tepid capital markets activity

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.)