Mar 31

M&T Bank Q1 2025 Earnings Report

M&T Bank posted solid results in Q1 2025 with stable income and a strengthened margin.

Key Takeaways

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.

Net income reached $584 million, up from $531 million in Q1 2024.

Net interest margin widened to 3.66% due to reduced funding costs.

Noninterest income declined 7% QoQ due to absence of one-time gains.

M&T repurchased $662 million in shares during the quarter.

Total Revenue
$2.32B
Previous year: $2.26B
+2.6%
EPS
$3.38
Previous year: $3.09
+9.4%
Net Interest Margin
3.66%
Previous year: 3.52%
+4.0%
Efficiency Ratio
60.5%
Previous year: 60.8%
-0.5%
Net Charge-offs Ratio
0.34%
Previous year: 0.42%
-19.0%
Total Assets
$210B
Previous year: $215B
-2.2%

M&T Bank

M&T Bank

M&T Bank Revenue by Segment

Forward Guidance

M&T expects to maintain strong capital and credit quality while managing deposit costs and investing in operational efficiency.

Positive Outlook

  • Strong capital position with CET1 at 11.5%
  • Improved nonaccrual loan levels
  • Stable net interest income outlook
  • Positive trends in residential and consumer lending
  • Ongoing investment in technology and efficiency

Challenges Ahead

  • Noninterest income volatility from one-time gains
  • Provision for credit losses remains elevated
  • Reduced loan origination in commercial real estate
  • Seasonal increase in compensation costs
  • Pressure on deposit growth and funding sources