M&T Bank Q4 net interest income misses expectations

M&T Bank

16/01/2026 10:40

Overview

U.S. financial holding firm's Q4 net income rose 12% yr/yr

Net interest income for Q4 missed analyst expectations

Noninterest income increased 6% compared to Q4 2024

Outlook

M&T Bank did not provide specific guidance for future quarters in the press release

Result Drivers

NET INTEREST INCOME - Taxable-equivalent net interest income rose $17 mln due to loan and deposit growth

NONINTEREST INCOME - Higher mortgage banking revenues and trust income contributed to noninterest income growth

NONINTEREST EXPENSE - Increased due to higher professional services costs and a contribution to the M&T Charitable Foundation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
$4.72
Q4 EPS
$4.67
Q4 Net Income
$759 mln
Q4 Net Interest Income
Miss
$1.78 bln
$1.80 bln (12 Analysts)
Q4 CET1 Capital Ratio
10.84%
Q4 Net Interest Margin
3.69%
Q4 Provision for Credit Loss
$125 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 11 "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 $227.50, about 7% above its January 15 closing price of $212.57

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

Press Release: ID:nPnb1vm61a

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(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.)