Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base5Base 5GAAP revenue YoY +1.70% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript+1
Transcript +1MTB is a bank (Tier 2 sector). FMP GAAP revenue +1.70% YoY. However, managed net revenue (NII $1.76B + fees $689M = $2.45B vs prior year NII ~$1.71B + fees ~$611M = ~$2.32B) grew ~5.6%. GAAP base 5 (-0.5% to +3% band) vs managed base 6 (>5% growth, noting fee income +13% YoY), band gap = 1 → transcript_adjustment = +1.
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EPS+1EPS +1No-OI bank (files no us-gaap OperatingIncomeLoss): the GAAP EPS/NI-vs-rev spread (+27.71% vs +1.70%, +26.01 percentage points) and the vendor OI cross-check both sit below the credit provision and are inadmissible operating anchors (runbook OI trust gate 3d). Re-anchored on PPNR, the bank operating metric: Q1'26 revenue (NII 1,752 + noninterest income 689 = 2,441) minus noninterest expense 1,438 = PPNR 1,003 vs Q1'25 (1,695 + 611 = 2,306 minus 1,415) = PPNR 891, so PPNR YoY +12.57%; revenue YoY on the same reported basis +5.85%, operating leverage +6.72 percentage points (>= +5 percentage points). Taxable-equivalent basis agrees: PPNR +12.29% vs rev +5.78% = +6.51 percentage points. Management corroborates 'strong pre-tax pre-provision revenue and earnings' with fee income +13% YoY.. (Source: MTB 1Q26 8-K Ex-99.1, SEC.)
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Guidance0Guidance 0Full-year NII guidance range of $7.2 billion to $7.35 billion unchanged from January. No midpoint change. NIM expectation shifted to high 3.60s but formal NII range unchanged. Bible said performance remains on track with initial expectations.
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Final7
How this score was built
Base5Base 5GAAP revenue YoY +1.70% → base 5. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript+1Transcript +1MTB is a bank (Tier 2 sector). FMP GAAP revenue +1.70% YoY. However, managed net revenue (NII $1.76B + fees $689M = $2.45B vs prior year NII ~$1.71B + fees ~$611M = ~$2.32B) grew ~5.6%. GAAP base 5 (-0.5% to +3% band) vs managed base 6 (>5% growth, noting fee income +13% YoY), band gap = 1 → transcript_adjustment = +1.+EPS+1EPS +1No-OI bank (files no us-gaap OperatingIncomeLoss): the GAAP EPS/NI-vs-rev spread (+27.71% vs +1.70%, +26.01 percentage points) and the vendor OI cross-check both sit below the credit provision and are inadmissible operating anchors (runbook OI trust gate 3d). Re-anchored on PPNR, the bank operating metric: Q1'26 revenue (NII 1,752 + noninterest income 689 = 2,441) minus noninterest expense 1,438 = PPNR 1,003 vs Q1'25 (1,695 + 611 = 2,306 minus 1,415) = PPNR 891, so PPNR YoY +12.57%; revenue YoY on the same reported basis +5.85%, operating leverage +6.72 percentage points (>= +5 percentage points). Taxable-equivalent basis agrees: PPNR +12.29% vs rev +5.78% = +6.51 percentage points. Management corroborates 'strong pre-tax pre-provision revenue and earnings' with fee income +13% YoY.. (Source: MTB 1Q26 8-K Ex-99.1, SEC.)+Guidance0Guidance 0Full-year NII guidance range of $7.2 billion to $7.35 billion unchanged from January. No midpoint change. NIM expectation shifted to high 3.60s but formal NII range unchanged. Bible said performance remains on track with initial expectations.=Final7
M&T Bank delivered GAAP EPS of $4.13 with NIM expanding 2 basis points to 3.71% as fixed-rate asset repricing continued, while fee income grew 13% year-over-year with broad-based strength and C&I growth reached $1.5 billion driven by middle market utilization pickup. Management reiterated FY2026 NII guidance of $7.2-7.35 billion unchanged, executing $1.25 billion in share repurchases representing 3.5% of shares outstanding as CET1 moved toward the bottom of the 10-10.5% target range.
Key Themes6
positive📊 company
NIM Expanded 2bps To 3.71% With Fixed-Rate Repricing Continuing
Net interest margin expanded 2bps to 3.71% driven by 8bps from fixed asset repricing, cash-to-securities remix, deposit cost discipline, and swap portfolio benefit, partially offset by 6bps lower free funds contribution from share repurchases.
MarginRevenue Growth
positive📊 company
Fee Income Up 13% YOY With Broad-Based Strength
Fee income of $689M grew 13% YOY with solid growth in every category. $33M Bayview distribution included. Subservicing expansion expected in H2 with $30-$40M annual revenue run rate. Treasury management growing high single digits.
Revenue GrowthDemand
positive📊 company
C&I Growth Of $1.5B Driven By Middle Market Utilization Pickup
Average C&I loans grew $1.5B from Q4 with pickup in middle market growth and utilization. Business banking performing as well as Bible has ever seen. CRE originations strong in March after soft January-February.
Demand
positive📊 company
Share Repurchases Of $1.25B — 3.5% Of Shares; CET1 Moving To Bottom Of Range
Executed $1.25B in buybacks representing 3.5% of shares. CET1 declined to 10.33%. Now targeting bottom of 10-10.5% range. Basel III endgame proposal estimated at ~90bps CET1 benefit from lower standardized RWAs.
Capital AllocationRegulation Policy
positive📊 company
Credit Quality Strong With Criticized Down $700M+ And NCOs At 31bps
Criticized loans declined $700M+ with improvement in both CRE ($400M) and C&I ($300M+). NCOs granular at 31bps with no single charge-off over $10M. Nonaccruals at 89bps.
Credit
negative📊 company
CRE And Consumer Growth Slower Than Expected Early In Quarter
CRE volume soft in January and February; consumer indirect impacted by poor weather. Full-year guidance ranges unchanged but NIM now expected in the high 3.60s. Being cautious on NIM expectations.
you were saying that you will be adopting that, or is it still something you are deciding on? And is there a higher expense impact from opting in or anything else that we might not be considering?
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
EPS
“$4.13 GAAP diluted EPS, $4.18 net operating EPS”
Revenue
“NII $1.76B (TE), down 2% from Q4 (fewer days); NIM 3.71% up 2bps; fee income +13% YoY”
Guidance
“Full-year NII $7.2 billion to $7.35 billion unchanged; NIM in the high 3.60s. Fee income and expenses trending toward top of ranges. CET1 moving to bottom of 10% to 10.5% range.”
Key metric
“CET1 10.33%; NCOs 31bps; criticized down $700M+; IB deposit costs down 21bps to 1.96%; buybacks $1.25B”
Mentions3
What MTB and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
M&T Bank went live on ICE's mortgage servicing platform, a customer-adoption read-through.
Companies MTB discussed
2 mentions
EYnot trackedFY2026 Q1Partner
“our partner EY over three years”
EY served as M&T's implementation partner on a three-year general ledger modernization that just went live, a completed multi-year engagement win for EY.
Websternot trackedFY2026 Q1Acquisition
“Fund banking and capital call lines is a business we acquired from Webster.”
M&T acquired its fund banking / capital call lines business from Webster and has been right-sizing it, implying Webster divested that portfolio.
M&T Bank delivered GAAP EPS of $4.13 with NIM expanding 2 basis points to 3.71% as fixed-rate asset repricing continued, while fee income grew 13% year-over-year with broad-based strength and C&I growth reached $1.5 billion driven by middle market utilization pickup
Fifth Third closed the largest acquisition in its history on February 1, and the Comerica addition drove revenue to $2.9 billion, up 33% year-over-year, with adjusted net income of $734 million, up 38%
Huntington delivered an outstanding first quarter, with GAAP EPS of $0.25 and adjusted EPS of $0.37, up 9% year-over-year excluding acquisition-related expenses and other notable items
KeyCorp delivered Q1 2026 EPS of $0.44, up 33% year-over-year, with revenue growing 10% and ROTCE exceeding 13% as NIM expanded to 2.87% on track for the 3%+ year-end target
Truist delivered 25% EPS growth to $1.09 with 250 basis points of operating leverage, as investment banking produced its highest quarterly revenue since 2021