M&T Bank Q2 diluted EPS $3.73, up from $3.02 in Q1 but down from $5.05 a year ago
M&T Bank reported second quarter 2024 net income of $655 million, or $3.73 per diluted share, up from $3.02 in the first quarter but down 25% from $867 million a year earlier. Net operating income was $665 million, or $3.79 per diluted share, versus $879 million a year earlier, and the company's CET1 capital ratio rose to an estimated 11.44%.
Key points
- Diluted EPS of $3.73 compared with $3.02 in Q1 2024 and $5.05 in Q2 2023
- Net interest income of $1,718 million, up from $1,680 million in Q1 2024 but down from $1,799 million in Q2 2023
- Noninterest income fell to $584 million from $803 million a year earlier
- Nonaccrual loans declined to $2.0 billion at June 30, 2024, and CET1 capital ratio reached an estimated 11.44%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.