$MTB
M&T BANK CORP
CIK:0000036270|SEC Filings
Consolidated Statement of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Interest income | ||||
| Loans | $ 2,070,000 | $ 2,054,000 | $ 4,064,000 | $ 4,060,000 |
| Investment securities | 411,000 | 334,000 | 804,000 | 670,000 |
| Deposits at banks | 139,000 | 219,000 | 288,000 | 437,000 |
| Other | 0 | 2,000 | 0 | 2,000 |
| Total interest income | 2,620,000 | 2,609,000 | 5,156,000 | 5,169,000 |
| Interest expense | ||||
| Savings and interest-checking deposits | 477,000 | 579,000 | 960,000 | 1,131,000 |
| Time deposits | 104,000 | 123,000 | 201,000 | 247,000 |
| Short-term borrowings | 77,000 | 37,000 | 131,000 | 69,000 |
| Long-term borrowings | 170,000 | 157,000 | 320,000 | 314,000 |
| Total interest expense | 828,000 | 896,000 | 1,612,000 | 1,761,000 |
| Net interest income | 1,792,000 | 1,713,000 | 3,544,000 | 3,408,000 |
| Provision for credit losses | 120,000 | 125,000 | 260,000 | 255,000 |
| Net interest income after provision for credit losses | 1,672,000 | 1,588,000 | 3,284,000 | 3,153,000 |
| Other income | ||||
| Mortgage banking revenues | 127,000 | 130,000 | 254,000 | 248,000 |
| Service charges on deposit accounts | 144,000 | 137,000 | 283,000 | 270,000 |
| Trust income | 197,000 | 182,000 | 380,000 | 359,000 |
| Brokerage services income | 35,000 | 31,000 | 70,000 | 63,000 |
| Trading account and other non-hedging derivative gains | 22,000 | 12,000 | 36,000 | 21,000 |
| Gain (loss) on bank investment securities | 2,000 | 0 | 6,000 | 0 |
| Other revenues from operations | 213,000 | 191,000 | 400,000 | 333,000 |
| Total other income | 740,000 | 683,000 | 1,429,000 | 1,294,000 |
| Other expense | ||||
| Salaries and employee benefits | 826,000 | 813,000 | 1,740,000 | 1,700,000 |
| Equipment and net occupancy | 129,000 | 130,000 | 262,000 | 262,000 |
| Outside data processing and software | 154,000 | 138,000 | 298,000 | 274,000 |
| Professional and other services | 89,000 | 86,000 | 182,000 | 170,000 |
| FDIC assessments | 18,000 | 22,000 | 41,000 | 45,000 |
| Advertising and marketing | 27,000 | 25,000 | 48,000 | 47,000 |
| Amortization of core deposit and other intangible assets | 7,000 | 9,000 | 16,000 | 22,000 |
| Other costs of operations | 99,000 | 113,000 | 200,000 | 231,000 |
| Total other expense | 1,349,000 | 1,336,000 | 2,787,000 | 2,751,000 |
| Income before taxes | 1,063,000 | 935,000 | 1,926,000 | 1,696,000 |
| Income taxes | 245,000 | 219,000 | 444,000 | 396,000 |
| Net income | 818,000 | 716,000 | 1,482,000 | 1,300,000 |
| Net income available to common shareholders | ||||
| Basic | 781,000 | 679,000 | 1,401,000 | 1,226,000 |
| Diluted | $ 781,000 | $ 679,000 | $ 1,401,000 | $ 1,226,000 |
| Net income per common share | ||||
| Basic (in USD per share) | $ 5.35 | $ 4.26 | $ 9.49 | $ 7.58 |
| Diluted (in USD per share) | $ 5.32 | $ 4.24 | $ 9.44 | $ 7.55 |
| Average common shares outstanding | ||||
| Basic (in shares) | 145,891 | 159,221 | 147,549 | 161,701 |
| Diluted (in shares) | 146,758 | 160,005 | 148,424 | 162,511 |
Consolidated Balance Sheet (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
||
|---|---|---|---|---|
| Assets | ||||
| Cash and due from banks | $ 1,939,000 | $ 1,701,000 | ||
| Interest-bearing deposits at banks | 15,499,000 | 17,068,000 | ||
| Investment securities: | ||||
| Available for sale (cost: $25,495 at June 30, 2026; $22,994 at December 31, 2025) | 25,370,000 | 23,202,000 | ||
| Held to maturity (fair value: $11,119 at June 30, 2026; $11,715 at December 31, 2025) | 11,908,000 | 12,430,000 | ||
| Equity and other securities (cost: $1,093 at June 30, 2026; $1,016 at December 31, 2025) | 1,096,000 | 1,017,000 | ||
| Total investment securities | 38,374,000 | 36,649,000 | ||
| Loans (a) | [1] | 143,193,000 | 138,702,000 | |
| Allowance for loan losses | (2,176,000) | (2,116,000) | ||
| Net loans | 141,017,000 | 136,586,000 | ||
| Premises and equipment | 1,726,000 | 1,629,000 | ||
| Goodwill | 8,465,000 | 8,465,000 | ||
| Core deposit and other intangible assets | 48,000 | 64,000 | ||
| Accrued interest and other assets | 12,193,000 | 11,348,000 | ||
| Total assets | 219,261,000 | 213,510,000 | ||
| Liabilities | ||||
| Noninterest-bearing deposits | 48,295,000 | 46,509,000 | ||
| Savings and interest-checking deposits | 105,602,000 | 107,173,000 | ||
| Time deposits | 14,988,000 | 13,227,000 | ||
| Total deposits | 168,885,000 | 166,909,000 | ||
| Short-term borrowings | 4,614,000 | 2,149,000 | ||
| Long-term borrowings (a) | [1] | 13,568,000 | 10,911,000 | |
| Accrued interest and other liabilities | 4,248,000 | 4,364,000 | ||
| Total liabilities | 191,315,000 | 184,333,000 | ||
| Shareholders' equity | ||||
| Preferred stock | 2,434,000 | 2,834,000 | ||
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2026 and December 31, 2025 | 90,000 | 90,000 | ||
| Additional paid-in capital | 9,970,000 | 10,011,000 | ||
| Retained earnings | 22,038,000 | 20,882,000 | ||
| Accumulated other comprehensive income (loss), net | (92,000) | 277,000 | ||
| Treasury stock — common, at cost — 34,507,260 shares at June 30, 2026; 27,604,513 shares at December 31, 2025 | (6,494,000) | (4,917,000) | ||
| Total shareholders’ equity | 27,946,000 | 29,177,000 | ||
| Total liabilities and shareholders’ equity | $ 219,261,000 | $ 213,510,000 | ||
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