M&T Bank Corporation's second quarter earnings call reflects a strong financial performance with improved asset quality and robust fee income growth. However, challenges remain in net interest margin and commercial real estate loans. The bank's successful capital management and positive stress test results contribute to an overall favorable outlook.

Company Guidance -

Q3 2025

During the M&T Bank Corporation's second quarter 2025 earnings call, guidance highlighted several key metrics reflecting the bank's ongoing momentum and strategic efforts. The stress capital buffer (SCB) decreased from 3.8% to 2.7%, showcasing improved earnings resilience and risk management. M&T executed $1.1 billion in share repurchases and grew tangible book value per share by 1%. The bank's fee income, excluding certain gains and losses, increased by 11% year-over-year, while non-interest expenses were effectively managed, resulting in an efficiency ratio of 55.2%. Asset quality exhibited improvement with an 11% reduction in criticized commercial balances, and net charge-offs were recorded at 32 basis points, below full-year expectations. The guidance for net interest income was adjusted to a range of $7 billion to $7.15 billion, with expectations for average loan growth between $135 billion and $137 billion and average deposit balances between $162 billion and $164 billion. The bank also anticipates full-year net charge-offs to remain under 40 basis points.

Strong Financial Performance

M&T Bank Corporation reported diluted GAAP earnings per share of $4.24, up from $3.32 in the prior quarter. Net operating income was $724 million compared to $594 million in the linked quarter.

Improved Asset Quality

Asset quality continued to improve with a $1 billion or 11% reduction in commercial criticized balances. Net charge-offs were 32 basis points, below full-year expectations.

Robust Fee Income Growth

Fee income grew 11% since the second quarter of 2024, with strong performance across mortgage banking, trust income, and treasury management revenues.

Successful Capital Management

M&T executed $1.1 billion in share repurchases and increased tangible book value per share by 1%.

Positive Stress Test Results

The stress capital buffer (SCB) declined from 3.8% to 2.7%, reflecting the resiliency and strength of the bank's earnings power.

M&T Bank (MTB) Earnings, Revenues Date & History

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MTB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	4.39 / -	4.02	―	―	―
Jul 16, 2025	2025 (Q2)	3.99 / 4.24	3.73	13.67% (+0.51)
Apr 14, 2025	2025 (Q1)	3.40 / 3.32	3.02	9.93% (+0.30)
Jan 16, 2025	2024 (Q4)	3.69 / 3.86	2.74	40.88% (+1.12)
Oct 17, 2024	2024 (Q3)	3.64 / 4.02	3.98	1.01% (+0.04)
Jul 18, 2024	2024 (Q2)	3.51 / 3.73	5.05	-26.14% (-1.32)
Apr 15, 2024	2024 (Q1)	3.01 / 3.02	4.01	-24.69% (-0.99)
Jan 18, 2024	2023 (Q4)	3.10 / 2.74	4.29	-36.13% (-1.55)
Oct 18, 2023	2023 (Q3)	3.88 / 3.98	3.53	12.75% (+0.45)
Jul 19, 2023	2023 (Q2)	4.16 / 5.05	1.08	367.59% (+3.97)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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Missed

MTB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 16, 2025	$197.28	$192.52	-2.41%
Apr 14, 2025	$156.78	$157.33	+0.35%
Jan 16, 2025	$197.98	$193.28	-2.37%
Oct 17, 2024	$185.48	$194.81	+5.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.