Core Viewpoint - M&T Bank reported better-than-expected earnings and revenue for Q3 2025, yet its shares declined by 4.3% in midafternoon trading, indicating market skepticism despite positive financial results [2]. Financial Performance - The bank's Q3 2025 earnings and revenue exceeded expectations, driven by strong fee income [2]. - For Q4, M&T Bank anticipates fee income between $670 million and $690 million, with a midpoint of $680 million [2]. - Average deposits are projected to be between $163 billion and $164 billion, with a midpoint of $163.3 billion [2].