M&T Bank Earnings Preview: What to Expect

Core Viewpoint - M&T Bank Corporation (MTB) is expected to report strong earnings growth in Q4 and for the fiscal years 2025 and 2026, despite recent mixed results and stock performance lagging behind major indices [2][3][4]. Financial Performance - Analysts anticipate MTB will report an EPS of $4.46 for Q4, reflecting a 13.8% increase from $3.92 in the same quarter last year [2]. - For the full fiscal year 2025, MTB's EPS is projected to be $16.71, up 12.3% from $14.88 in fiscal 2024, with further growth expected in fiscal 2026 to $18.70 per share, an 11.9% year-over-year increase [3]. - In Q3, MTB's net interest income (NII) grew by 2% to $1.6 billion, despite a 4% decline in interest income and a 13% drop in interest expenses [5]. Stock Performance - Over the past 52 weeks, MTB's stock has increased by 9.4%, which is lower than the S&P 500 Index's 15.4% rise and the Financial Services Select Sector SPDR Fund's 14.5% returns [4]. - Following the release of mixed Q3 results, MTB's stock declined by 3.5% but regained positive momentum in subsequent trading sessions [5][6]. Analyst Sentiment - MTB holds a consensus "Moderate Buy" rating among 23 analysts, with a mean price target of $220.48, indicating an 8.3% upside potential from current levels [7].