M&T Bank Earnings Reports

M&T Bank reported strong Q1 2025 results, with a net income of $584 million and a net interest margin expansion. While noninterest income declined sequentially, credit quality improved and capital was actively returned to shareholders.

M&T Bank Corporation reported a strong fourth quarter in 2024, with net income reaching $681 million, translating to $3.86 in diluted earnings per common share. The bank's capital position continued to strengthen, with the CET1 capital ratio increasing for the seventh consecutive quarter. Net interest margin narrowed slightly, while average loan growth was driven by commercial and industrial and consumer loans.

M&T Bank Corporation reported a net income of $721 million, resulting in diluted earnings per common share of $4.02 for the third quarter of 2024. The CET1 capital ratio rose to an estimated 11.54%, and the company repurchased shares of its common stock for a total cost of $200 million.

M&T Bank Corporation reported a net income of $655 million, or $3.73 per diluted common share, for the second quarter of 2024. The CET1 capital ratio increased to an estimated 11.44%. Net interest margin widened to 3.59%. Growth in commercial and industrial and consumer loans was partially offset by a decline in commercial real estate loans. Credit metrics improved, and liquidity and capital positions remained strong.

M&T Bank Corporation reported a decrease in net income to $531 million, or $3.02 diluted earnings per common share, for the first quarter of 2024. The results reflect a solid start to the year with growth in commercial and consumer loan portfolios, managed expenses, and a strengthened liquidity and capital position.

M&T Bank Corporation reported a net income of $482 million for Q4 2023, with diluted earnings per common share at $2.74. The quarter's results were impacted by a $197 million FDIC special assessment. The CET1 capital ratio increased to an estimated 10.98%.

M&T Bank Corporation reported a net income of $690 million, or $3.98 diluted earnings per common share, for the third quarter of 2023. The bank's capital position remained strong, with the CET1 capital ratio increasing to an estimated 10.94%.

M&T Bank Corporation reported a significant increase in GAAP diluted earnings per common share to $5.05, up from $1.08 in the same quarter last year. The bank's GAAP-basis net income also rose to $867 million, driven by the successful sale of its Collective Investment Trust business and healthy growth in commercial loans.

M&T Bank Corporation reported a strong first quarter with net income nearly doubling from the year-earlier quarter, driven by loan growth, steady credit quality, and a strong liquidity position.

M&T Bank Corporation reported a strong fourth quarter and full-year results for 2022, with diluted earnings per common share reaching $4.29, up from $3.37 in the year-earlier quarter. Net income for the quarter was $765 million, a significant increase from $458 million in Q4 2021. The bank's performance was boosted by the integration of People's United Financial, Inc., expansion of the net interest margin, and solid growth in commercial loan balances.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.53 for Q3 2022, a decrease compared to $3.69 in Q3 2021, but a significant increase compared to $1.08 in Q2 2022. GAAP-basis net income was $647 million, up from $495 million in the third quarter of 2021 and $218 million in the second quarter of 2022. The results reflect non-operating merger-related expenses associated with the acquisition of People's United Financial, Inc.

M&T Bank reported GAAP diluted earnings per common share of $1.08 for the second quarter of 2022, a decrease compared to $3.41 in the year-earlier quarter and $2.62 in the first quarter of 2022. The results reflect a full-quarter impact of the acquisition of People’s United, with net income of $218 million, down from $458 million in the second quarter of 2021.

M&T Bank Corporation reported a decrease in net income and earnings per share for the first quarter of 2022 compared to the previous year, while closing the acquisition of People's United Financial, Inc. The results reflect strong credit underwriting and stable allowance for credit losses, but were impacted by lower average loan balances and increased noninterest expenses.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.37 for Q4 2021, a decrease from $3.52 in Q4 2020 and $3.69 in Q3 2021. GAAP-basis net income was $458 million, down from $471 million in the year-earlier quarter and $495 million in the third quarter of 2021.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.69 for Q3 2021, up from $2.75 in Q3 2020 and $3.41 in Q2 2021. Net income was $495 million, compared to $372 million in the same quarter the previous year. The results reflect the strength of M&T's diversified business model, with fee income being particularly robust.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.41 for the second quarter of 2021, up from $1.74 in the year-earlier quarter. GAAP-basis net income was $458 million, compared to $241 million in the second quarter of 2020.

M&T Bank Corporation reported GAAP-basis net income of $447 million, resulting in diluted earnings per common share of $3.33. The company's capital position remained solid, with the Common Equity Tier 1 Capital Ratio growing to 10.4%.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.52 for the fourth quarter of 2020, a slight decrease from $3.60 in the year-earlier quarter but an increase from $2.75 in the third quarter of 2020. GAAP-basis net income was $471 million, down from $493 million in the final quarter of 2019 but up from $372 million in the third quarter of 2020. The results were impacted by the pandemic and low interest rate environment, but the bank experienced growth in mortgage banking and trust businesses.

M&T Bank Corporation reported GAAP diluted earnings per common share of $2.75 for the third quarter of 2020, compared to $3.47 in the third quarter of 2019. GAAP-basis net income was $372 million, compared to $480 million in the prior year.

M&T Bank Corporation reported GAAP diluted earnings per common share of $1.74 for the second quarter of 2020, a decrease compared to $3.34 in the same quarter of the previous year. GAAP-basis net income was $241 million, down from $473 million in the second quarter of 2019. The results were impacted by the COVID-19 pandemic and the low interest rate environment.

M&T Bank Corporation reported a GAAP-basis net income of $269 million for the first quarter of 2020, a decrease compared to $483 million in the same quarter of the previous year. The results were impacted by the COVID-19 pandemic and the adoption of amended accounting guidance for credit losses, which led to a $132 million increase in the allowance for credit losses as of January 1, 2020.

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.60 for Q4 2019, compared to $3.76 in Q4 2018 and $3.47 in Q3 2019. GAAP-basis net income was $493 million for the quarter, compared to $546 million in Q4 2018 and $480 million in Q3 2019.