M&T Bank Q2 FY26 net income climbs 23% to $818 million; net interest income rises 2% to $1.79 billion

• M&T Bank Corporation second-quarter net income rose 23% to $818 million; diluted EPS increased 29% to $5.32.
• Net interest income climbed 2% to $1.79 billion; net interest margin was unchanged at 3.7%.
• Other income increased 8% to $740 million; other expense fell 6% to $1.35 billion.
• Provision for credit losses decreased 14% to $120 million; net charge-offs declined to $80 million from $105 million.
• Repurchased 2,100,000 shares for $465 million; board authorization allows up to $5 billion of common share repurchases.

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