M&T Bank Reports Strong Q1 Earnings

Bank highlights net interest margin expansion, loan growth, and improved credit quality

Apr. 15, 2026 at 3:09pm

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A highly detailed, black-and-white close-up image of the intricate machinery and components that power a modern banking institution, conveying a sense of industrial might and financial security.M&T Bank's focus on operational efficiency and institutional strength is reflected in the bank's robust financial performance and disciplined approach to capital management.Buffalo Today

M&T Bank (NYSE:MTB) reported a 'strong start to the year' in the first quarter of 2026, with modest net interest margin expansion, solid commercial and industrial loan growth, broad-based fee income gains, and continued improvement in credit metrics, according to CFO Daryl Bible. The bank reported diluted GAAP earnings per share of $4.13, down from $4.67 in the prior quarter, with net income of $664 million.

Why it matters

M&T Bank's solid Q1 performance highlights the bank's ability to navigate the current economic environment, with growth in key areas like commercial lending and fee income offsetting some headwinds. The bank's focus on credit quality and capital management also position it well for the future.

The details

Taxable-equivalent net interest income was $1.76 billion, down 2% from the prior quarter, but net interest margin improved two basis points to 3.71%. Average loans and leases increased $0.8 billion to $138.4 billion, driven by a $1.5 billion rise in commercial loans. Non-interest income was $689 million, with mortgage banking revenue decreasing but other operating revenues increasing. Non-interest expense rose $59 million to $1.44 billion, reflecting higher seasonal compensation and FDIC costs. Credit quality improved, with criticized loans falling $700 million and the non-accrual ratio declining one basis point to 89 basis points. M&T's estimated CET1 ratio was 10.33%, down 51 basis points from Q4 due to share repurchases.

  • M&T Bank reported Q1 2026 earnings on April 15, 2026.

The players

Daryl Bible

Senior Executive Vice President and CFO of M&T Bank.

M&T Bank

A bank holding company headquartered in Buffalo, New York that provides a range of banking and financial services across the northeastern and mid-Atlantic United States.

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What they’re saying

“M&T Bank opened 2026 with what management called a 'strong start to the year,' pointing to modest net interest margin expansion, solid commercial and industrial loan growth, broad-based year-over-year fee income gains, and continued improvement in credit metrics.”

— Daryl Bible, Senior Executive Vice President and CFO

What’s next

M&T Bank plans to continue its focus on credit quality, capital management, and strategic growth initiatives as it navigates the evolving economic environment.

The takeaway

M&T Bank's solid Q1 performance, marked by expansion in key business areas and improved credit metrics, demonstrates the bank's ability to adapt and thrive in the current market conditions. The bank's disciplined approach to capital allocation and risk management positions it well for future success.