M&T Bank Q2 net income rises 14% to $818.0M; new MSR fair-value accounting and buybacks continue

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~1 min read

Key Changes

• high

  Net income rose 14.2% to $818.0M, with diluted EPS up 25.5% to $5.32, driven by higher net interest income and noninterest income.

  MD&A: Net income verify on EDGAR →
• high

  M&T adopted fair-value accounting for mortgage servicing rights effective Jan 1, 2026, adding $197M after-tax to retained earnings and changing mortgage banking revenue recognition.

  Notes: MSR fair value election view on EDGAR →
• high

  New civil complaint against Wilmington Trust related to Tricolor Holdings securitizations; potential losses not estimable but not expected to be material.

  Notes: Tricolor litigation view on EDGAR →