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NEW YORK - M&T Bank Corporation (NYSE:MTB) reported second-quarter earnings that exceeded analyst expectations on Wednesday.
The company’s shares were up 0.39% in premarket trading following the announcement.
The Buffalo-based bank posted adjusted earnings per share of $4.28, beating the analyst consensus of $3.99, while revenue reached $2.4 billion, slightly above the $2.39 billion estimate. Net income for the quarter totaled $716 million, or $4.24 per diluted share.
M&T’s performance was bolstered by an increase in noninterest income, which rose 12% from the previous quarter to $683 million. The bank also saw a 6% decrease in noninterest expenses compared to the first quarter of 2025, primarily due to lower salaries and employee benefits costs.
"M&T’s consistent profitability has supported a significant return of capital to shareholders while maintaining resiliency entering the second half of the year," said Daryl N. Bible, M&T’s Chief Financial Officer.
Taxable-equivalent net interest income increased $15 million, or 1%, from the first quarter of 2025, reflecting an additional day of earnings and favorable asset repricing. Average loans grew slightly, with consumer loans increasing 4% and residential real estate loans rising 2%, partially offset by a 4% decline in commercial real estate loans.
The bank’s credit quality showed improvement, with the allowance for loan losses as a percentage of total loans declining 2 basis points to 1.61%. Net charge-offs totaled $108 million, representing 0.32% of average loans outstanding, down from 0.34% in the previous quarter.
During the quarter, M&T repurchased approximately 6.1 million shares of its common stock for a total cost of $1.1 billion, compared with 3.4 million shares for $662 million in the first quarter. The company’s Common Equity Tier 1 capital ratio declined to an estimated 10.98% from 11.50% at the end of March.
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