M&T Bank reports nearly 10% rise in its Q3 net income

 (Corrects adjusted EPS in Key Details table to $4.87, from
$4.82)

    Overview

    * M&T Bank (MTB) Q3 net income rises to $792 mln, with EPS at
$4.82
    * Net interest income increased to $1.76 bln, reflecting
asset and
liability repricing
    * Company repurchased 2.1 mln shares for $409 mln in Q3 2025


    Result Drivers

    * NET INTEREST INCOME - Increased $51 mln due to additional
earnings day, favorable repricing, and adjustments related to
municipal bonds
    * NONINTEREST INCOME - Rose due to $28 mln earnout from CIT
business sale, $20 mln from BLG investment, and higher mortgage
banking revenues
    * NONINTEREST EXPENSE - Increased due to higher severance
costs,
renewable energy tax credit impairment, and executive retirement
plan expenses


    Key Details



 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate


 Q3                  $4.87
 ADJUSTED
 EPS
 Q3 EPS              $4.82
 Q3 Net              $792 mln
 Income
 Q3 Net              $1.76
 Interest            bln
 Income
 Q3 CET1             10.99%
 Capital
 Ratio
 Q3 Net              3.68%
 Interest
 Margin
 Q3                  $125 mln
 Provisio
 n for
 Credit
 Loss
    Press Release:
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 (This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)