M&T Bank reported second-quarter net income of $818 million, or $5.32 in diluted earnings per common share, on Wednesday, the highest earnings per share in the company’s history, the company said.
That compared with net income of $716 million, or $4.24 per diluted share, in the same period a year earlier
Net interest income climbed 4.6% year over year to $1.79 billion, up from $1.71 billion in the second quarter of 2025. The net interest margin widened to 3.70% from 3.62% a year ago. The company said the increase in taxable-equivalent net interest income from the year-earlier quarter reflected growth in average loans and investment securities and favorable repricing of earning assets and interest-bearing liabilities.
Average total loans expanded to $141.4 billion from $135.4 billion in the second quarter of 2025, driven by a $5.0 billion increase in commercial and industrial loans, a $1.4 billion gain in residential real estate loans, and a $1.4 billion rise in consumer loans. Those gains were partially offset by a $1.8 billion decline in average commercial real estate balances, the company said. Noninterest income totaled $740 million, compared with $683 million in the year-earlier quarter, according to Reuters.