M&T Bank stock reports 25 percent EPS growth in first half

M&T Bank stock was trading at USD 220.93 on the NYSE on September 23, 2026, at 1:45 p.m. ET, down 1.11 percent, while first-half 2026 diluted EPS reached USD 9.44, up 25 percent year over year. On September 22, 2026, StockTitan reported that M&T Bank refreshed its medium-term note program for senior and subordinated debt.

First half delivers higher earnings

The bank reported first-half net income of USD 1.48 billion, up 14 percent year over year, alongside the 25 percent EPS increase in a September 14, 2026 investor presentation. That combination gives the earnings story more weight than the daily share-price decline.

Second-quarter taxable-equivalent net interest income was USD 1.804 billion, 5 percent above the year-earlier period, while the net interest margin stood at 3.70 percent. Average loans reached USD 141.4 billion, and noninterest income was USD 740 million, up 8 percent year over year, according to StockTitan.

Analyst target moves higher

On September 8, 2026, Investing.com reported that Morgan Stanley upgraded M&T Bank from Equalweight to Overweight and raised its price target from USD 253 to USD 304. The firm modeled 2026 net interest income at USD 7.272 billion, above its Street estimate by 1 percent.

M&T Bank's own 2026 outlook calls for taxable-equivalent net interest income of USD 7.2 billion to USD 7.35 billion, a CET1 ratio of 10.0 percent to 10.5 percent, and average loans of USD 141 billion to USD 143 billion. The ranges point to a balance between growth and capital discipline.

Stock sits below yearly high

M&T Bank stock was trading 13.68 percent below its 52-week high of USD 255.95 and above its 52-week low of USD 174.76 on September 23, 2026. Its market capitalization was USD 32,020,047,690, placing the daily move against a substantial regional-bank equity base.

At 1:45 p.m. ET on September 23, 2026, M&T Bank stock stood at USD 220.93 on the NYSE, with an intraday range of USD 220.32 to USD 223.18. The next investor reference points are the 2026 earnings outlook and the bank's capital-return capacity.