M&T Bank Q3 net income falls 5% quarter-on-quarter to $775 million

Bitget2026/10/16 09:32

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M&T Bank's third-quarter 2026 net income fell 5% from the previous quarter to $775 million.
Net interest income rose to $1.79 billion from a year earlier, while noninterest income declined to $743 million.
Credit-loss provisions increased 13% quarter over quarter to $135 million, while net charge-offs jumped 59% to $127 million.
Noninterest expense climbed to $1.39 billion from the previous quarter, including higher technology and professional services costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. M&T Bank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610160530PR_NEWS_USPR_____NY70288) on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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