M&T Bank Q2 2026: EPS $5.32 beats the $4.71 estimate, margin steady at 3.70%
M&T posted a strong quarter: $5.32 of diluted EPS beat the $4.71 consensus estimate, the net interest margin held at 3.70% and the efficiency ratio improved to 52.8%. Read this as an operating beat, not a revenue story — the $442 million tagged as revenue is just five fee lines, while net interest income plus other income came to roughly $2.53 billion.
1 · Expected vs. Actual
Free preview below$5.32 of diluted GAAP earnings and $5.35 on a net operating basis beat the $4.71 consensus estimate by 13.0% and 13.7% respectively. Net income rose 23.2% from the first quarter's $664 million and 14.2% from last year's $716 million. EPS grew faster than profit — up 25.5% year over year — because the diluted share count fell 8.3% to 146.8 million shares.
Net interest income of $1.79 billion plus other income of $740 million gives total revenue of about $2.53 billion, up 5.7% from $2.40 billion a year earlier. The $442 million tagged as revenue is not the top line: it is the sum of five fee categories — trust $197 million, deposit accounts $144 million, credit card merchant discount $45 million, brokerage $35 million and other product and service $21 million. Treat that item as a fee-mix chart, not as a revenue total.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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