MTB

In Q2 2026, M&T Bank reported strong earnings, exceeding revenue expectations with sales up 6% year-on-year to $2.54 billion and non-GAAP profit of $5.32 per share, 14.3% above estimates. Net interest income grew 4.6% to $1.79 billion, net interest margin held steady at 3.7%, and average loans increased by $3 billion to $141.4 billion, while credit quality improved. Over the last 12 months, the stock price increased by 15.37% with an 8.67% year-to-date return, though it decreased by 8.83% in the past month (September-October 2026). The company increased its prime rate on September 16, 2026, and announced a third-quarter common stock dividend of $1.50 paid on September 30, 2026. Analyst ratings saw changes, with Raymond James Financial raising its rating to 'Moderate Buy' and initiating 'Outperform' coverage, TD Cowen resuming 'Hold' coverage, Barclays maintaining 'Hold,' and UBS lowering its price target to $238 from $255. Insiders sold approximately $4.8 million of stock over the past 90 days, including CEO Rene F. Jones selling 19.4K shares for $4.64 million.