MTB
M&T Bank Corporation
October 16, 2026 · pre-market
- Rarity
- 1.71
- Peak move
- −3.63%
- Float cap
- $33.1B
M&T Bank Corporation is a bank holding company whose principal subsidiaries, M&T Bank and Wilmington Trust, N.A., provide retail and commercial banking, wealth management, trust, and institutional services. It serves consumers, small and medium-size businesses, professional clients, governmental entities, and financial institutions, primarily across the Mid-Atlantic, Northeast, and District of Columbia.
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What we found
9 events · 0 from SEC or newswire · 0 timed with the move- Key event
earnings_releaseM&T Bank reported third quarter 2026 net income of $775 million, or $5.04 per diluted common share, with adjusted EPS of $5.08 beating the $4.93 consensus, revenue of $2.54 billion, average loans up $2.6 billion to $143.3 billion, provision for credit losses of $135 million, and a CET1 ratio of 10.16%.
- Key event
guidance_changeOn its Q3 2026 earnings call, M&T Bank guided to Q4 taxable-equivalent net interest income of $1.83-$1.85 billion and a net interest margin in the mid-3.60s.
buybackM&T Bank repurchased approximately 1.3 million shares for $323 million during Q3 2026.
- Key event
peer_disclosurePNC Financial Services reported Q3 2026 adjusted EPS of $5.09 versus $4.92 expected and revenue of $6.56 billion, below the $6.61 billion consensus, with net interest income up 15% YoY to $4.21 billion.
analyst_ratingCantor Fitzgerald analyst Dave Rochester lowered the price target on Cullen/Frost Bankers to $167, citing lower core fee income, and the shares fell 2.6% in premarket trading.
analyst_ratingCantor Fitzgerald analyst Dave Rochester maintained an Overweight rating on M&T Bank but lowered the price target to $255 from $285 ahead of Q3 bank earnings.
macro_dataUS September CPI rose 0.6% month-over-month and 3.7% year-over-year, above the 3.6% forecast, with core CPI up 0.3% m/m and 2.6% y/y, and CME FedWatch showed October rate-hike odds rising to about 51.5% from 21.6%.
operating_metricsM&T Bank said it ranked No. 1 in SBA 7(a) lending across its footprint in fiscal 2026, approving 2,975 loans totaling $326.44 million, up about 10% year over year, and rose to No. 5 nationally from No. 7.
macro_dataBoston Fed President Susan Collins said she expects it will be appropriate to raise rates a bit further before the end of 2026, citing inflation risks from energy, tariffs and AI-related investment, while markets priced a 77% chance of a hold at the Oct 27-28 FOMC meeting.