SHARPE
Reported results
- Net interest income (GAAP) $1,793 million in Q3 2026 vs. $1,792 million in Q2 2026; taxable-equivalent net interest income (non-GAAP) $1,805 million in Q3 2026 vs. $1,804 million in Q2 2026.
- Provision for credit losses $135 million in Q3 2026 vs. $120 million in Q2 2026.
- Noninterest income $743 million in Q3 2026 vs. $740 million in Q2 2026.
- Noninterest expense $1,393 million in Q3 2026 vs. $1,349 million in Q2 2026; efficiency ratio (non-GAAP) 54.4% in Q3 2026 vs. 52.8% in Q2 2026.
- Return on average assets (annualized, GAAP) 1.40% in Q3 2026 vs. 1.51% in Q2 2026; return on average tangible assets (annualized, non-GAAP) 1.47% in Q3 2026 vs. 1.59% in Q2 2026.
- CET1 capital ratio (estimated) 10.16% at September 30, 2026 vs. 10.19% at June 30, 2026.
Notes
Effective Q3 2026, M&T made certain changes and reclassifications to Other income categories and began separately presenting loans held for sale from loans held for investment. Annualized taxable-equivalent rates for impacted loan categories and certain loan-based credit quality ratios exclude loans held for sale. Effective Q3 2026, M&T began measuring residential mortgage loan servicing right assets at fair value with changes reflected in mortgage banking revenues, instead of amortization in other costs of operations.
Price and volatility reaction
The stock moved -1.5% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 218.65 | 2026-10-15 |
| Close after release | 215.28 | 2026-10-16 |
| Realised move | -1.5% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-16 (8-K, Item 2.02). Read the original filing on sec.gov.