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Investing.com - Truist Securities raised its price target on M&T Bank (NYSE:MTB) to $220.00 from $215.00 on Monday, while maintaining a Buy rating on the stock.
The firm increased its 2025 earnings per share estimate by 2% to $16.55, citing improved credit and expense guidance along with a reduced share count from a larger-than-expected buyback program that offset a downward revision in net interest income guidance. This optimistic outlook aligns with broader market sentiment, as InvestingPro data shows 10 analysts have recently revised their earnings estimates upward.
Truist’s updated model aligns with M&T Bank’s full-year 2025 management guidance on net interest income, net interest margin, fees, expenses, net charge-offs, and average loans and deposits.
The firm adjusted its buyback expectations to approximately $0.5 billion for both the third and fourth quarters of 2025, projecting an 11% ending CET1 ratio.
Truist maintained its 2026 earnings per share estimate at $18.70, with the new $220 price target based on approximately 12 times next-twelve-months price-to-earnings ratio.
In other recent news, M&T Bank reported strong financial results for the second quarter of 2025, with earnings per share (EPS) of $4.28, surpassing forecasts of $3.99. The company’s revenue also exceeded expectations, reaching $2.4 billion. Analysts from BofA Securities increased their price target for M&T Bank to $228, maintaining a Buy rating, noting the positive impact of lower credit costs and accelerated share buybacks. Citi and DA Davidson also raised their price targets to $215 and $207, respectively, while maintaining Neutral ratings. Despite these strong earnings, M&T Bank slightly lowered its 2025 net interest income guidance due to softer loan growth. The bank executed $1.1 billion in share repurchases, and credit trends showed improvement with a decline in criticized loans. M&T Bank’s management revised the lower end of its fiscal year 2025 net interest income guidance to $7 billion, partially offset by expenses trending toward the lower end of the $5.4-5.5 billion range.
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