M&T Bank Q3 Earnings Surpass Estimates on Strong Fee Income and Credit Quality
M&T Bank Corporation delivered a robust third-quarter performance, with earnings and revenue exceeding Wall Street expectations. Adjusted EPS reached $4.87, outpacing the $4.42 consensus, while revenue climbed to $2.51 billion against a $2.44 billion forecast. The bank's net income ROSE 10% year-over-year to $792 million, buoyed by a 24% surge in noninterest income to $752 million.
Disciplined capital management remained a highlight, with the bank repurchasing 2.1 million shares for $409 million while maintaining a CET1 ratio of 10.99%. Despite the strong fundamentals, MTB shares dipped 1.24% to $182.73 in morning trading, reflecting broader market pressures rather than company-specific concerns.