Financial Performance - M&T Bank reported a quarterly net income of $759 million, or $4.67 per diluted share, and a full-year net income of $2.85 billion, or $17.00 per diluted share[2]. - M&T's net income for Q4 2025 was $759 million, an increase of 12% from $681 million in Q4 2024[44]. - Net income available to common shareholders rose to $718 million, up 11% from $644 million year-over-year[44]. - Basic earnings per share increased by 21% to $4.71, compared to $3.88 in the same quarter last year[44]. - For the full year 2025, diluted net operating earnings per common share were $17.20, up from $14.88 in 2024, reflecting a strong performance[12]. - Diluted net operating earnings per common share for Q4 2025 were $4.72, up from $3.92 in Q4 2024, reflecting a 20.4% increase[55]. - Net income for Q4 2025 was $759 million, an increase from $681 million in Q4 2024, representing a year-over-year growth of 11.5%[55]. Income and Revenue - Net interest income for Q4 2025 was $1.79 billion, a 1% increase from Q3 2025 and a 3% increase from Q4 2024, driven by loan and deposit growth[13]. - Noninterest income for Q4 2025 was $696 million, reflecting higher mortgage banking revenues, offset by a $28 million earnout payment related to the sale of the CIT business[9]. - Noninterest income for the fourth quarter of 2025 was $696 million, a decrease of 7% from $752 million in the third quarter of 2025[23]. - Total other income rose by 6% to $696 million in Q4 2025 from $657 million in Q3 2025[49]. - Other income for the year ended December 31, 2025, was $2.742 billion, compared to $2.427 billion in 2024, marking a growth of 13%[54]. - Mortgage banking revenues increased by 32% to $155 million in Q4 2025 compared to $117 million in Q4 2024[48]. Operational Efficiency - The efficiency ratio improved to 55.1% in Q4 2025 from 53.6% in Q3 2025, indicating better operational efficiency[10]. - The efficiency ratio improved to 55.1% from 56.8% year-over-year[44]. - The efficiency ratio improved to 55.1% in Q4 2025, compared to 56.8% in Q4 2024, indicating better cost management[54]. Loan and Asset Quality - The allowance for loan losses as a percentage of total loans decreased to 1.53% at December 31, 2025, down 5 basis points from the previous quarter[9]. - Nonaccrual loans decreased to $1.252 billion at December 31, 2025, down 17% from $1.512 billion at September 30, 2025[20]. - Total nonperforming assets fell to $1.287 billion, a 17% decrease from $1.549 billion in the previous quarter[20]. - Nonaccrual loans decreased by 26% to $1,252 million from $1,690 million in the previous year[44]. - Total nonperforming assets fell by 25% to $1,287 million compared to $1,725 million in 2024[44]. - Provision for credit losses decreased by 11% to $125 million in Q4 2025 from $140 million in Q3 2025[48]. Capital and Dividends - The Common Equity Tier 1 (CET1) capital ratio is estimated to be 10.84% at December 31, 2025[4]. - CET1 capital ratio was estimated at 10.84% as of December 31, 2025, down from 10.99% in the previous quarter[32]. - Total capital ratio was 14.43% at December 31, 2025, compared to 14.35% in the third quarter of 2025[32]. - Cash dividends declared on common and preferred stock totaled $230 million and $39 million, respectively, for the quarter ended December 31, 2025[33]. - M&T Bank increased its quarterly dividend by 11% in 2025 and repurchased 9% of its outstanding shares[9]. Asset Growth - Total assets increased by 3% to $213,510 million in 2025 from $208,105 million in 2024[50]. - Total loans increased to $137.600 billion in Q4 2025, up 1% from $136.527 billion in Q4 2024[52]. - Total deposits grew by 4% to $166,909 million in 2025 from $161,095 million in 2024[50]. - Interest-bearing deposits increased by 5% to $120,400 million in 2025 from $115,075 million in 2024[50]. - Average loans in Q4 2025 totaled $137.6 billion, with notable growth in commercial and industrial, residential real estate, and consumer loans[15]. - Preferred shareholders' equity increased by 18% to $2,834 million in 2025 from $2,394 million in 2024[50]. Stock Performance - The period-end common stock price increased by 7% to $201.48 from $188.01 in the previous year[44]. - The period-end common stock price increased to $201.48 in Q4 2025 from $197.62 in Q3 2025[49]. - The company repurchased 2.7 million shares at an average cost of $183.30 per share, totaling $507 million, compared to 2.1 million shares at $193.46 and 1.0 million shares at $206.70 in previous quarters[34].

Core Viewpoint - M&T Bank Corporation reported strong financial performance for the fourth quarter and full year of 2025, with significant increases in net income and diluted earnings per share, alongside improvements in asset quality and operational efficiency [1][5]. Financial Performance - The company achieved a quarterly net income of $759 million, translating to diluted earnings of $4.67 per common share, and a full-year net income of $2.85 billion, or $17.00 per share, marking a 16% increase in diluted earnings per share year-over-year [1][44]. - For the fourth quarter of 2025, net interest income was $1.79 billion, up 1% from the previous quarter and 3% from the same quarter in 2024 [2][12]. - Noninterest income for the fourth quarter was $696 million, a decrease of 7% from the third quarter but an increase of 6% compared to the fourth quarter of 2024 [21][22]. Asset Quality - Nonaccrual loans decreased to $1.25 billion, down 17% from the previous quarter and 26% from the same quarter in 2024, indicating improved asset quality [20][45]. - The allowance for loan losses as a percentage of total loans declined to 1.53% at the end of 2025, reflecting a reduction in criticized loans [19][45]. Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was estimated at 10.84% as of December 31, 2025, remaining well above regulatory requirements [30][31]. - The company repurchased 2.7 million shares during the fourth quarter at an average cost of $183.30 per share, reflecting a commitment to returning capital to shareholders [32]. Operational Efficiency - The efficiency ratio improved to 55.1% in the fourth quarter of 2025, down from 56.8% in the same quarter of the previous year, indicating better cost management [2][44]. - Noninterest expenses for the full year increased by 2% to $5.49 billion, driven by higher salaries and employee benefits, but were partially offset by lower FDIC assessment expenses [28][27]. Dividend and Shareholder Returns - The company increased its quarterly dividend by 11% in 2025, reflecting a commitment to returning value to shareholders [7].

Group 1 - M&T Bank Corporation is set to release its fourth-quarter earnings on January 16, with analysts expecting earnings of $4.47 per share, an increase from $3.77 per share in the same period last year [1] - The consensus estimate for M&T Bank's quarterly revenue is $2.47 billion, up from $2.38 billion reported in the previous year [1] - M&T Bank reported better-than-expected third-quarter earnings on October 16 [1] Group 2 - Shares of M&T Bank increased by 1.3%, closing at $212.57 on Thursday [2] - Benzinga provides access to the latest analyst ratings for M&T Bank, allowing readers to sort by various criteria [2]

Group 1 - M&T Bank Corporation is set to release its fourth-quarter earnings on January 16, with analysts expecting earnings of $4.47 per share, an increase from $3.77 per share in the same period last year [1] - The consensus estimate for M&T Bank's quarterly revenue is $2.47 billion, up from $2.38 billion reported in the previous year [1] - M&T Bank reported better-than-expected third-quarter earnings on October 16 [1] Group 2 - Shares of M&T Bank increased by 1.3%, closing at $212.57 on Thursday [2]

Core Viewpoint - M&T Bank Corporation (MTB) is expected to report year-over-year increases in quarterly revenues and earnings for Q4 and full-year 2025 results on January 16, 2026 [1][10] Financial Performance Expectations - The company anticipates average loan and lease balances to be between $137 billion and $138 billion in Q4 2025, up from $136.5 billion in Q3 2025 [4] - The Zacks Consensus Estimate for average interest-earning assets is $192.3 billion, indicating a nearly 1% increase from the previous quarter [4] - Net interest income (NII) is expected to be approximately $1.8 billion in Q4 2025, reflecting a 2.2% increase from the prior quarter [6] - The consensus estimate for total revenues is pegged at $2.46 billion, implying a rise of 3.3% from the year-ago level [15] Income Sources - Fee income from service charges on deposit accounts is expected to rise, with the Zacks Consensus Estimate at $148.1 million, indicating a 5.1% increase from the prior quarter [7] - Mortgage banking revenues are estimated at $149.8 million, reflecting a 1.9% rise from the previous quarter, supported by lower mortgage rates [9] - Non-interest income is projected to be between $670 million and $690 million, down from $752 million in Q3 2025, with a consensus estimate of $679.2 million indicating a 9.7% decline [11] Expense and Asset Quality Outlook - GAAP expenses are expected to be in the range of $1.35 billion to $1.37 billion in Q4 2025, compared to $1.36 billion in the prior quarter [12] - The net charge-off (NCO) rate is projected to be between 40 and 50 basis points, slightly lower than the 42 basis points reported in Q3 2025 [13] - The Zacks Consensus Estimate for non-performing assets (NPAs) is $1.51 billion, indicating a sequential decline of 2.3% [13] 2025 Projections - For 2025, M&T Bank expects NII (on a tax-equivalent basis) to be in the range of $7.05 billion to $7.15 billion, with a net interest margin projected in the mid to high 3.60% range [16] - Non-interest income is anticipated to be between $2.5 billion and $2.6 billion, while expenses are expected to be in the range of $5.4 billion to $5.5 billion [16] - Average loan and lease balances are projected to be between $135 billion and $137 billion, with average total deposit balances expected at $162 billion to $164 billion [17]

Core Insights - FORGE is hosting the Make It Here: CT Product Development Grant Awards on January 22, 2026, to announce the latest grant recipients aimed at supporting Connecticut manufacturers and hardtech companies [1] - The FORGE Connecticut Product Development Grant program, backed by the Manufacturing Innovation Fund, assists local manufacturers in overcoming product development challenges and fostering in-state supplier relationships [2][3] - The event will feature a panel discussion on the future of regional manufacturing and guided tours of Kubtec Medical Imaging's facility [3][4] Company Overview - FORGE is a nonprofit organization that aids hardtech innovators and emerging manufacturing companies in product development and scaling production [5] - The organization has supported over 1,000 innovators and contributed to the creation of over 10,000 jobs in innovation and manufacturing sectors [6] Event Details - The Make It Here event will include a panel discussion titled "Fueling Connecticut's Emerging Manufacturers: Capital, Collaboration and the Future of Regional Manufacturing" [3] - M&T Bank is presenting the event, highlighting its commitment to supporting local manufacturers and innovators [3]

Group 1 - The article focuses on newly listed fixed-income securities, specifically highlighting M&T Bank Corporation (MTB) [1] - Denislav Iliev, an experienced day trader with over 15 years in the field, leads a team of 40 analysts who specialize in identifying mispriced investments in fixed-income and closed-end funds [1] - The investing group "Trade With Beta" offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1]

Group 1 - The article focuses on newly listed fixed-income securities, specifically highlighting M&T Bank Corporation (MTB) [1] - Denislav Iliev, an experienced day trader with over 15 years in the field, leads a team of 40 analysts who specialize in identifying mispriced investments in fixed-income and closed-end funds [1] - The investing group "Trade With Beta" offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1]

Core Insights - M&T Bank Corporation (MTB) presented a compelling mix of value and income opportunities in the wake of the U.S. trade war impacting the stock market [1] Group 1: Company Overview - M&T Bank Corporation is highlighted as an attractive investment option due to its combination of value and income [1] Group 2: Analyst Background - The analysis is provided by a fund manager/analyst with over 18 years of experience in the financial markets, specializing in the financial sector [1]

Core Insights - M&T Bank Corporation (MTB) has experienced a steady growth in net interest income (NII), with a five-year compound annual growth rate (CAGR) of 15.4% ending in 2024, and a nearly 1% year-over-year increase in the first nine months of 2025 [1][9] Financial Performance - For 2025, management anticipates NII to be between $7.05 billion and $7.15 billion, an increase from $6.9 billion in 2024, with a net interest margin (NIM) projected in the mid-to-high 3.60% range compared to 3.58% the previous year [3][9] - Average loan and lease balances are expected to be between $135 billion and $137 billion in 2025, slightly higher than $134.7 billion in 2024 [3] Market Outlook - The outlook for MTB's NII expansion is positive due to falling interest rates and easing lending standards, with the current interest rate between 3.50% and 3.75% following rate cuts in 2024 and 2025 [2] - Lower interest rates are expected to stabilize funding costs, improve borrower solvency, and encourage increased lending activity, which can enhance MTB's profitability [2] Peer Comparison - Fifth Third Bancorp (FITB) has a five-year CAGR of 4.2% in NII, with a 6.2% increase in the first nine months of 2025, reaching $4.4 billion [6] - U.S. Bancorp has a five-year CAGR of 4.4% in NII, with a 2% increase in the first nine months of 2025, totaling $4.251 billion [7] Stock Performance - M&T Bank's shares have increased by 6.9% over the past six months, compared to the industry's growth of 20.3% [8]