M&T Bank said taxable-equivalent net interest income for Q2 2025 was $1.72 billion, up from $1.71 billion in Q1, and the net interest margin was 3.62%, down from 3.66% in Q1.

1. 01

   M&T Bank said taxable-equivalent net interest income for Q2 2025 was $1.72 billion, up from $1.71 billion in Q1, and the net interest margin was 3.62%, down from 3.66% in Q1.

2. 02

   The company said noninterest income for Q2 2025 increased $72 million compared with Q1, including gains on the sale of an out-of-footprint loan portfolio of $15 million and a subsidiary that specialized in institutional services of $10 million.

3. 03

   M&T Bank said it repurchased 6,073,957 shares of its common stock during Q2 2025 at a total cost of $1.1 billion under approved capital plans, compared with 3,415,303 shares at a total cost of $662 million in Q1.

4. 04

   The company said average loans for Q2 2025 were $135.4 billion, up $563 million from Q1, and average total deposits were $163.4 billion, up from $161.2 billion in Q1.

Key figures

Quarter ended June 30, 2025

Revenue

$2.4B

Net income

$716M

EPS

$4.24

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.