M&T BANK $MTB Q3’26 EARNINGS HIGHLIGHTS 🔹 Net Interest Income: $1.79B; +2% YoY 🔹 Noninterest Income: $743M; -1% YoY 🔹 EPS: $5.04 (Est. $4.96) 🟢; +5% YoY 🔹 Adj. EPS: $5.08; +4% YoY 🔹 Net Income: $775M; -2% YoY Other Q3 Metrics: 🔹 Net Interest Margin: 3.65%; -4 bps YoY 🔹 Efficiency Ratio: 54.4% 🔹 Return on Avg. Common Equity: 11.44% 🔹 Return on Avg. Assets: 1.40%; -9 bps YoY 🔹 CET1 Ratio: 10.16% 🔹 Provision for Credit Losses: $135M 🔹 Income Before Taxes: $1.01B (Est. $992M) 🟢 🔹 Book Value/Share: $174.95 (Est. $180.40) 🔴 Capital Return: 🔹 Share Repurchases: $323M (1.3M shares) 🔹 Dividend: $1.50/share Key Updates: 🔹 Average loans grew $2.6B reflecting higher average commercial real estate loan balances of $1.6B, consumer loan balances of $634M and residential real estate loan balances of $367M. 🔹 Mortgage banking revenues increased $25M reflecting a rise in residential mortgage loan sub-servicing income. 🔹 The Company began sub-servicing $62.9B of additional residential mortgage loans. Comments: 🔸 “M&T's third quarter results were highlighted by strong loan and deposit growth, stable credit and a solid capital position.”