M&T Bank Corporation (NYSE:MTB) announces second quarter 2025 results

Core Viewpoint - M&T Bank Corporation reported a strong financial performance for the second quarter of 2025, with a net income of $716 million, or $4.24 per diluted share, reflecting a 9% increase compared to the same quarter in 2024 [1][44]. Financial Performance - Net interest income for 2Q25 was $1,713 million, slightly up from $1,695 million in 1Q25 but down from $1,718 million in 2Q24 [2]. - Noninterest income increased to $683 million in 2Q25, a 12% rise from $611 million in 1Q25 and a 17% increase from $584 million in 2Q24 [21][23]. - Noninterest expense decreased to $1,336 million in 2Q25 from $1,415 million in 1Q25, but increased from $1,297 million in 2Q24 [27][28]. Asset Quality - The provision for credit losses was $125 million in 2Q25, down from $130 million in 1Q25 and $150 million in 2Q24, indicating improved asset quality [19][44]. - Nonaccrual loans decreased to $1.573 billion in 2Q25 from $2.024 billion in 2Q24, reflecting a 22% improvement [20][44]. Capital Management - M&T repurchased 6,073,957 shares of common stock for a total cost of $1.1 billion in 2Q25, compared to 3,415,303 shares for $662 million in 1Q25 [33]. - The Common Equity Tier 1 (CET1) capital ratio was estimated at 10.98% as of June 30, 2025, down from 11.50% at the end of 1Q25 [30][32]. Efficiency and Returns - The efficiency ratio improved to 55.2% in 2Q25 from 60.5% in 1Q25, indicating better cost management [2][27]. - Return on average assets was 1.37% in 2Q25, up from 1.14% in 1Q25, while return on average common shareholders' equity was 10.39%, an increase from 8.36% in 1Q25 [2][44].