MTB

M&T Bank (MTB) reported Q3 2026 EPS of $5.08, beating estimates of $4.98, with net interest income rising 1.8% year-over-year to $1.81 billion and loans growing 1.6% sequentially. However, shares fell 1.2% as non-interest income declined 1.2% and expenses rose 2.2%, while deposits fell sequentially. The company projects Q4 NII of $1.83-$1.85 billion with a mid-3.60% net interest margin.

Q3 earnings season shows mixed results with early reports tracking modestly below recent quarters. Import prices rose higher than expected in September (+1.1% vs +0.8% expected), marking the highest rate since May.

The NY Fed's October Services report came in significantly below expectations at -20.7 vs -4.1 expected, hitting its lowest level since March. Among earnings reports, Travelers beat estimates by 29.84%, while regional banks Regions Financial, Citizens Financial Group, and M&T Bank also beat earnings expectations. Major tech earnings from Netflix, Tesla, Meta, and others are expected next week.

M&T Bank Corporation reported Q3 2026 earnings of $5.08 per share, beating consensus estimates of $4.98 and surpassing revenue expectations. However, the stock has underperformed the S&P 500 year-to-date, gaining 8.5% versus the market's 13.1%.

The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. The regional banking industry remains in the bottom 33% of Zacks-ranked industries.