Filing Flows › M&T Bank (MTB) › Q1 2026
M&T Bank (MTB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
M&T Bank (MTB) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -1% from the quarter before. Operating margin was 35.4%, net earnings $664M (27.2% of revenue).
M&T Bank, Q1 2026: revenue $2.4B (+6% year over year), operating margin 35.4%, net earnings $664M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -1% | +6% |
| Operating profit | $863M | -11% | +13% |
| Net earnings | $664M | -13% | +14% |
| Operating cash flow | $1.0B | +93% | +59% |
What changed
Revenue was $2.4B in Q1 2026, up 6% year over year and down 1% from the previous quarter.
Operating profit was $0.86B, a 35.4% margin (up 2.4 points year over year). Of the extra revenue versus Q1 2025, 76% reached operating profit, above the 33% margin then. Total costs grew 2% against revenue growth of 6%. Net earnings were $0.66B, up 14% year over year. The effective tax rate was 23.1%.
Operating cash flow was $1.0B (up 59% year over year), 152% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $0.27B.
Questions
What was M&T Bank's revenue in the first quarter 2026?
M&T Bank (MTB) reported revenue of $2.4B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -1% from the quarter before.
Was M&T Bank profitable in the first quarter 2026?
Operating profit was $863M (35.4% of revenue) and net earnings $664M.
Source: M&T Bank 10-Q on SEC EDGAR.