M&T Bank said taxable-equivalent net interest income for Q1 2025 was $1.71 billion, compared with $1.74 billion in the prior quarter and $1.69 billion in the year-earlier quarter. The net interest margin widened 8 basis points from the prior quarter to 3.66%.

1. 01

   M&T Bank said taxable-equivalent net interest income for Q1 2025 was $1.71 billion, compared with $1.74 billion in the prior quarter and $1.69 billion in the year-earlier quarter. The net interest margin widened 8 basis points from the prior quarter to 3.66%.

2. 02

   The company repurchased 3,415,303 shares of common stock during Q1 2025 at an average price per share of $192.06, with a total cost including the share repurchase excise tax of $662 million. On January 22, 2025, the Board of Directors authorized a new share repurchase program of $4.0 billion.

3. 03

   M&T Bank said average loans and leases for Q1 2025 were $134.8 billion, down $879 million or 1% from the prior quarter. Average commercial real estate loans declined $1.6 billion to $26.3 billion, while average commercial and industrial loans increased $352 million to $61.1 billion.

4. 04

   The company said average total deposits for Q1 2025 were $161.2 billion, lower than $164.6 billion in the prior quarter. It cited seasonal declines in commercial customer deposits and the maturity of non-brokered core time deposits as factors in the $2.6 billion decrease in average core deposits.

Key figures

Quarter ended March 31, 2025

Revenue

$2.3B

Net income

$584M

EPS

$3.32

Operating cash flow

$635M

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.