M&T Q3 2026: EPS $5.04 beats consensus as charge-offs rise
Bottom line: M&T beat on EPS and lost momentum everywhere else. Diluted EPS of $5.04 edged past the $5.0071 consensus, yet net income of $775 million fell 5.3% from Q2 while charge-offs rose to $127 million from $80 million. Read the quarter through the 3.65% net interest margin and the 0.35% charge-off rate, not the headline beat.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $5.04 cleared the $5.0071 consensus by roughly $0.03 and rose 4.6% from $4.82 a year ago. Sequentially it fell 5.3% from $5.32, and non-GAAP EPS of $5.08 was down from $5.35 — the direction of travel matters more than the small beat.
Revenue came in at $438 million, up 3.5% from $423 million a year earlier but 0.9% below Q2's $442 million. The fee lines did the work: trust and investment services income rose 6.0% year over year to $230 million, while capital markets and advisory revenue dropped 24.0% from Q2 to $32 million.
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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 2026-11-06
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