The earnings call presented a balanced view with significant achievements in stress test outcomes, share repurchases, fee income growth, and improved asset quality. However, these positives were tempered by challenges such as a decline in net income, a decrease in net interest margin, and issues in the CRE segment. The bank's focus on maintaining strong liquidity and managing expenses effectively is noteworthy.

Company Guidance

During M&T Bank Corporation's Second Quarter 2025 Earnings Conference Call, CFO Daryl Bible provided comprehensive guidance, highlighting several key metrics. The bank executed $1.1 billion in share repurchases and achieved a 1% growth in tangible book value per share. Average residential mortgage and consumer loans rose by $1.1 billion, while fee income increased by 11% year-over-year, excluding notable items. The efficiency ratio improved to 55.2%, reflecting controlled expenses. Asset quality showed progress with an 11% reduction in commercial criticized balances, despite a slight increase in non-accrual loans. The bank's CET1 ratio stood at an estimated 10.98%. The full-year outlook includes expectations for net interest income to reach $7 billion to $7.15 billion and average loan growth between $135 billion and $137 billion. The bank remains focused on maintaining strong liquidity and capital positions, with ongoing efforts to enhance shareholder value and community service.

Successful Stress Test Outcome

The SCB declined from 3.8% to 2.7%, showcasing the resiliency and strength of M&T Bank's earnings and risk management.

Share Repurchases and Value Growth

Executed $1.1 billion in share repurchases and grew tangible book value per share by 1%.

Fee Income Growth

Fee income grew 11% since the second quarter of 2024, excluding security gains and losses.

Improved Asset Quality

A $1 billion or 11% reduction in commercial criticized balances, with net charge-offs at 32 basis points.

C&I and Specialty Segments Growth

Commercial loans increased by $1.1 billion, driven by growth in C&I, mortgage warehouse, and fund banking.

Strong Liquidity Position

Investment securities and cash held at the Fed totaled $54.9 billion, representing 26% of total assets.

Positive Operating Leverage

Non-interest expenses decreased by $79 million from the prior quarter, with an efficiency ratio of 55.2%.

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)	4.41 / -	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.