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M&T Bank (MTB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 27, 2025
M&T Bank (MTB) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +5% from the quarter before. Operating margin was 40.8%, net earnings $792M (31.5% of revenue).
M&T Bank, Q3 2025: revenue $2.5B (+8% year over year), operating margin 40.8%, net earnings $792M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +5% | +8% |
| Operating profit | $1.0B | +10% | +13% |
| Net earnings | $792M | +11% | +10% |
| Operating cash flow | $1.0B | +19% | — |
What changed
Revenue was $2.5B in Q3 2025, up 8% year over year and up 5% from the previous quarter.
Operating profit was $1.0B, a 40.8% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 39% margin then. Total costs grew 5% against revenue growth of 8%. Net earnings were $0.79B, up 10% year over year. The effective tax rate was 22.7%.
Operating cash flow was $1.0B, 126% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $0.13B.
Questions
What was M&T Bank's revenue in the third quarter 2025?
M&T Bank (MTB) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), +8% from a year earlier and +5% from the quarter before.
Was M&T Bank profitable in the third quarter 2025?
Operating profit was $1.0B (40.8% of revenue) and net earnings $792M.
Source: M&T Bank 10-Q on SEC EDGAR.