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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“I think we actually gave an example of that at our Investor Day with M&T Bank.”
M&T Bank cited as a client example of the Axiom-to-Calypso data connector easing regulatory-reporting implementation.
“assuming C&I loan growth continues to be strong, which is what we saw out of P&C yesterday, M&T same thing.”
An analyst cites M&T Bank's C&I loan growth as a second peer benchmark alongside PNC, supporting expectations for similarly strong commercial loan trends at U.S. Bancorp.
“some of the clients that we've mentioned in the past are things like JPMorgan Chase. You've got M&T Bank. [Indiscernible] is going to start going live through some of their channels as well. Citizens Bank, Webster Bank, and then just go on down the list.”
M&T Bank is among the large mortgage-tech customers going live on ICE's platform in 2025 after a multi-year implementation.
“Fannie Mae actually had a special program called pilot, where they were targeting these customers. They have now discontinued that program and, you know, we are just, you know, basically sharing the losses with the agency on this transaction.”
M&T's MTRCC subsidiary sells CRE loans to Fannie Mae under a shared-risk DUS structure; Fannie Mae's now-discontinued 'pilot' program targeting manufactured-housing borrowers drove a portion of this quarter's unexpected MTRCC losses.
“So we just wrapped the PNC call, and I had asked Bill about the argument that they need more scale. And, you know, the comment was competing against the mega banks in order to drive retail deposit growth.”
An analyst references PNC's own earnings call, where PNC argued it needs more scale to compete with mega banks for retail deposit growth, used as a comparison point against M&T's smaller, community-focused model.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Manan Gosalia | Morgan Stanley | 11 (0%) |
| Gerard Cassidy | RBC Capital Markets | 11 (0%) |
| John Pancari | Evercore ISI |
“Yes. So you are right, Bayview, we did not get a distribution in the first quarter. We kind of took it out for the rest of the year. We may or may not get a distribution from Bayview. They're working on some things internally. So we will do.”
M&T did not receive its expected fee distribution from mortgage-servicing partner Bayview in Q1 and is uncertain whether one will come later in the year, as Bayview works through internal issues.
“We have a relationship now with Blackstone, and it's connected to our RCC business so that Blackstone can originate and actually do placements through the agencies now.”
M&T Bank formed a partnership with Blackstone connected to its commercial real estate (RCC) business, allowing Blackstone to originate and place loans through the agencies, a growing source of fee income for M&T.
| 11 (9%) |
| Ken Usdin | Autonomous Research | 10 (0%) |
| Erika Najarian | UBS | 8 (0%) |
| Matt O'Connor | Deutsche Bank | 8 (13%) |
| Ebrahim Poonawala | Bank of America | 8 (0%) |
| Chris McGratty | KBW | 8 (0%) |
| Peter Winter | D.A. Davidson | 4 (0%) |
| Scott Siefers | Piper Sandler | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Evercore ISI | 1 | 11 (9%) |
| RBC Capital Markets | 1 | 11 (0%) |
| Morgan Stanley | 1 | 11 (0%) |
| Autonomous Research | 1 | 10 (0%) |
| Deutsche Bank | 2 | 10 (10%) |
| KBW | 1 | 8 (0%) |
| Bank of America | 1 | 8 (0%) |
| UBS | 1 | 8 (0%) |
M&T Bank closed FY2025 with record full-year net income of $2.85 billion and EPS of $17, as NII reached $1.79 billion in Q4 with NIM of 3.69% and full-year fee income grew 13% to $2.7 billion. Management introduced FY2026 guidance of $7.27 billion in NII with NIM in the low 370s alongside targeting 17% ROTCE by 2027, while CRE production reached its strongest levels in years with December closings exceeding $900 million despite elevated Q4 NCOs of 54 basis points from three large credit resolutions.
Demand | Credit | Margin | Capital Allocation | Competitive Dynamics | Revenue Growth | Regulation Policy | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 4 | 4 | 2 | 1 | 3 | 1 | 2 |
| 2025Q1 | 4 | 6 | 3 | 2 | 1 | 1 | 1 | 3 |
| 2025Q2 | 10 | 5 | 5 | 4 | 7 | 1 | 3 | 1 |
| 2025Q3 | 4 | 9 | 4 | 2 | 4 | 1 | 4 | 2 |
| 2025Q4 | 8 | 3 | 5 | 5 | 2 | 6 | 1 | 1 |
| 2026Q1 | 6 | 2 | 5 | 5 | 4 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 4 | 10 | 4 | 8 | 6 |
| Credit | 4 | 6 | 5 | 9 | 3 | 2 |
| Margin | 4 | 3 | 5 | 4 | 5 | 5 |
| Capital Allocation | 2 | 2 | 4 | 2 | 5 | 5 |
| Competitive Dynamics | 1 | 1 | 7 | 4 | 2 | 4 |
| Revenue Growth | 3 | 1 | 1 | 1 | 6 | 1 |
| Regulation Policy | 1 | 1 | 3 | 4 | 1 | 3 |
| Macroeconomic | 2 | 3 | 1 | 2 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MTB M&T Bank | 7 | +1.7% | |
| CFG Citizens Financial Group | 8 | +4.5% | |
| FITB Fifth Third Bancorp | 7 | +25.8% | |
| HBAN Huntington Bancshares | 7 | +26.3% | |
| KEY KeyCorp | 9 | +1.1% | |
| PNC PNC Financial Services | 8 | +12.7% | |
| RF Regions Financial Corporation | 6 | +0.5% | |
| TFC Truist Financial | 7 | +0.4% | |
| USB U.S. Bancorp | 7 | +4.7% |