M&T(US:MTB)2026-01-16 11:05Financial 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].