M&T Bank (MTB) Reports Q4 Earnings of $4.72, Beating Estimates

Written by Emily J. Thompson, Senior Investment Analyst

MTB+0.2%

CJMB-4.71%

JFBR-17.81%

Source: Benzinga

Updated: Jan 16 2026

0mins

Source: Benzinga

Earnings Beat: M&T Bank reported Q4 earnings of $4.72 per share, surpassing analyst expectations of $4.47, indicating strong performance in the current economic climate and boosting investor confidence.
Sales Growth: The company posted quarterly sales of $2.475 billion, slightly exceeding the analyst consensus estimate of $2.474 billion, suggesting sustained business growth that may attract more investor interest.
Positive Market Reaction: Following M&T Bank's earnings report, the overall stock market performed well, with the Nasdaq Composite gaining over 100 points, reflecting optimistic sentiment towards financial stocks.
Sector Dynamics: Information technology stocks rose by 0.9% on Friday, while utility stocks dipped by 1.2%, indicating a divergence in market performance across different sectors, prompting investors to monitor industry trends closely.

MTB

$214.25+Infinity%1D

Analyst Views on MTB

Wall Street analysts forecast MTB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTB is 229.25 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Analyst Rating

4 Buy

9 Hold

0 Sell

Moderate Buy

Current: 213.820

Low

210.00

Averages

229.25

High

251.00

Current: 213.820

Low

210.00

Averages

229.25

High

251.00

RBC Capital

Gerard Cassidy

Outperform

maintain

$210 -> $220

2026-01-20

Reason

RBC Capital

Gerard Cassidy

Price Target

$210 -> $220

AI Analysis

2026-01-20

maintain

Outperform

Reason

RBC Capital analyst Gerard Cassidy raised the firm's price target on M&T Bank to $220 from $210 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company "through-the-cycle" outperforms on credit, which is increasingly a topic of conversation among investors given the uncertain economic and geopolitical environment as its management knows in order to create long-term shareholder value, it must avoid credit debacles by adhering to strong underwriting standards, the analyst tells investors in a research note.

Truist

Hold

maintain

$217 -> $230

2026-01-20

Reason

Truist

Price Target

$217 -> $230

2026-01-20

maintain

Hold

Reason

Truist raised the firm's price target on M&T Bank to $230 from $217 and keeps a Hold rating on the shares after its Q4 earnings beat. The company's expenses had been a little higher than the guided midpoint, though its buybacks had also been a little lower than the guide CET1-implied, which account for the slight increase in the firm's expected 2027 EPS view to $22 from $21, the analyst tells investors in a research note.

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Jefferies

Buy

maintain

$250 -> $255

2026-01-16

Reason

Jefferies

Price Target

$250 -> $255

2026-01-16

maintain

Buy

Reason

Jefferies raised the firm's price target on M&T Bank to $255 from $250 and keeps a Buy rating on the shares. M&T Bank reported a mixed quarter with FY26 guidance largely in line with expectations, as modestly softer net interest income was partly offset by lower investment banking deposit costs and confidence in keeping deposit betas in the low-50% range through additional rate cuts, the analyst tells investors in a research note. Management also expects to maintain a similar buyback pace in 2026 and remains open to M&A opportunities, though suitable targets have yet to emerge, Jefferies adds.

TD Cowen

Buy

maintain

$245 -> $250

2026-01-07

Reason

TD Cowen

Price Target

$245 -> $250

2026-01-07

maintain

Buy

Reason

TD Cowen raised the firm's price target on M&T Bank to $250 from $245 and keeps a Buy rating on the shares. The firm adjusted bank targets as part of a Q4 earnings preview. TD expects "solid" Q4 reports for the banks with continued balance sheet growth, repricing tailwinds, and a "likely more dovish" Federal Reserve chair in 2026. These "durable tailwinds" should lift bank stocks in 2026, the analyst tells investors in a research note.

About MTB

M&T Bank Corporation is a financial holding company. The Company’s principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern United States from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the United States and abroad by its Wilmington Trust-affiliated companies and by M&T Bank. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.