M&T Bank Corporation Reports 10% Increase in Net Income to $2.85 Billion for 2025

**M&T Bank Corporation Reports Financial Results for 2025**

M&T Bank Corporation (MTB) has filed its Form 10-K for the fiscal year ended December 31, 2025, reporting a net income of $2.85 billion, an increase of 10% compared to the $2.59 billion reported in 2024. The company's net interest income reached $6.95 billion, up from $6.85 billion in the previous year. Diluted earnings per common share were $17.00, a 16% increase from the $14.64 reported in 2024. The return on average assets was 1.35%, compared to 1.23% in the prior year, while the return on average common shareholders' equity was 10.27%, up from 9.54% in 2024.

The increase in net income was attributed to several factors, including a $90 million increase in net interest income on a taxable-equivalent basis, driven by loan growth and favorable net repricing of earning assets and interest-bearing liabilities. The provision for credit losses decreased by $105 million, primarily due to improved levels of criticized loans. Noninterest income also saw a significant increase of $315 million, driven by higher mortgage banking revenues, service charges on deposit accounts, trust income, and other revenues from operations. These gains were partially offset by a $134 million increase in noninterest expense, primarily due to higher salaries and employee benefits expense, and increased outside data processing and software costs.

Key operational developments included a shift in the loan portfolio composition, with commercial and industrial loans growing by $2.6 billion and commercial real estate loans declining by $5.3 billion. The company also repurchased 14.3 million shares of its common stock at a total cost of $2.66 billion during the year. As of December 31, 2025, the company employed 22,080 full-time and part-time employees, primarily concentrated in the Northeast and Mid-Atlantic regions of the United States.

Looking ahead, M&T Bank Corporation is subject to various regulatory requirements, including capital and liquidity standards, and is closely monitoring proposed revisions to these standards. The company is also focused on managing risks associated with cybersecurity, climate change, and other emerging challenges. The company's ability to return capital to shareholders and pay dividends on common stock will depend, in part, on the results of supervisory stress tests administered by the Federal Reserve.