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M&T Bank (MTB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
M&T Bank (MTB) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +0.9% from a year earlier and +0.2% from the quarter before. Operating margin was 39.7%, net earnings $775M (30.6% of revenue).
M&T Bank, Q3 2026: revenue $2.5B (+0.9% year over year), operating margin 39.7%, net earnings $775M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +0.2% | +0.9% |
| Operating profit | $1.0B | -5% | -2% |
| Net earnings | $775M | -5% | -2% |
| Operating cash flow | $1.3B | -1% | +25% |
What changed
Revenue was $2.5B in Q3 2026, up 1% year over year and roughly flat from the previous quarter.
Operating profit was $1.0B, a 39.7% margin (down 1.0 points year over year). Operating profit fell $0.02B even though revenue rose $0.02B versus Q3 2025, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. Net earnings were $0.78B, down 2% year over year. The effective tax rate was 23.1%.
Operating cash flow was $1.3B (up 25% year over year), 162% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $0.40B.
Questions
What was M&T Bank's revenue in the third quarter 2026?
M&T Bank (MTB) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +0.9% from a year earlier and +0.2% from the quarter before.
Was M&T Bank profitable in the third quarter 2026?
Operating profit was $1.0B (39.7% of revenue) and net earnings $775M.
Source: M&T Bank 10-Q on SEC EDGAR.