M&T Bank Q1 2025 EPS rises to $3.32 from $3.02 as net income reaches $584 million
M&T Bank Corporation reported first quarter 2025 net income of $584 million, or $3.32 per diluted share, up from $3.02 a year earlier but down from $3.86 in the fourth quarter of 2024. Net operating income was $594 million, or $3.38 per diluted share, and the company repurchased 3,415,303 shares for $662 million, lowering its estimated CET1 capital ratio to 11.50% at March 31, 2025.
Key points
- Net income of $584 million and diluted EPS of $3.32, compared with $531 million and $3.02 in the first quarter of 2024 and $681 million and $3.86 in the fourth quarter of 2024.
- Net operating income of $594 million, or $3.38 per diluted share, compared with $543 million and $3.09 a year earlier.
- Provision for credit losses fell to $130 million from $200 million a year earlier, and nonaccrual loans were 1.14% of loans outstanding versus 1.71%.
- Share repurchases totaled $662 million for 3,415,303 shares at an average cost of $192.06; the CET1 capital ratio was an estimated 11.50%, down from 11.68% at December 31, 2024.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing 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 April 14, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.