M&T(US:MTB) Prnewswire·2025-10-16 09:45Core Insights - M&T Bank Corporation reported a quarterly net income of $792 million, translating to diluted earnings of $4.82 per common share, marking a 10% increase compared to the same quarter last year [1][40]. Financial Performance - Net interest income for Q3 2025 was $1,773 million, a 3% increase from Q2 2025 and a 2% increase from Q3 2024 [2][9]. - Noninterest income rose to $752 million, reflecting a 10% increase from Q2 2025 and a 24% increase from Q3 2024 [19][20]. - Noninterest expense increased by 2% from Q2 2025 to $1,363 million, and rose 5% compared to Q3 2024 [21][23]. Asset Quality - Nonaccrual loans decreased to $1.512 billion, down 4% from Q2 2025 and 21% from Q3 2024 [15][18]. - The allowance for loan losses as a percentage of total loans was 1.58%, a slight decrease from 1.61% in the previous quarter [16][17]. Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was estimated at 10.99% as of September 30, 2025, down from 11.54% a year earlier [25][27]. - M&T repurchased 2.1 million shares of common stock at an average cost of $193.46, totaling $409 million [28]. Dividends and Returns - The company declared cash dividends of $234 million on common stock, reflecting an 11% increase from the previous quarter [26]. - Return on average assets was 1.49% and return on average common shareholders' equity was 11.45% for Q3 2025 [40].