What is Zacks Research’s Forecast for M&T Bank Q3 Earnings?

M&T Bank Corporation (NYSE:MTB) – Stock analysts at Zacks Research boosted their Q3 2025 earnings per share estimates for shares of M&T Bank in a research note issued to investors on Tuesday, August 5th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.38 for the quarter, up from their prior forecast of $4.27. The consensus estimate for M&T Bank’s current full-year earnings is $16.57 per share. Zacks Research also issued estimates for M&T Bank’s Q4 2025 earnings at $4.36 EPS, FY2026 earnings at $18.29 EPS and FY2027 earnings at $20.19 EPS.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.04 by $0.24. M&T Bank had a return on equity of 10.35% and a net margin of 20.44%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm earned $3.73 earnings per share.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lifted their target price on M&T Bank from $175.00 to $185.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Robert W. Baird decreased their target price on M&T Bank from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Morgan Stanley lifted their target price on M&T Bank from $206.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, June 20th. Jefferies Financial Group set a $225.00 target price on M&T Bank and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Barclays decreased their target price on M&T Bank from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, M&T Bank presently has an average rating of “Moderate Buy” and an average target price of $212.88.

M&T Bank Price Performance

Shares of NYSE MTB opened at $187.22 on Friday. M&T Bank has a fifty-two week low of $150.75 and a fifty-two week high of $225.70. The business has a 50 day moving average price of $190.77 and a two-hundred day moving average price of $184.12. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a market cap of $29.26 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.90 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of M&T Bank by 53.8% in the first quarter. Exchange Traded Concepts LLC now owns 526 shares of the financial services provider’s stock worth $94,000 after buying an additional 184 shares during the last quarter. Private Trust Co. NA lifted its position in shares of M&T Bank by 16.5% in the first quarter. Private Trust Co. NA now owns 644 shares of the financial services provider’s stock worth $115,000 after buying an additional 91 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of M&T Bank in the first quarter worth about $225,000. Kingswood Wealth Advisors LLC lifted its position in shares of M&T Bank by 4.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,076 shares of the financial services provider’s stock worth $370,000 after buying an additional 88 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of M&T Bank in the first quarter worth about $46,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Insider Activity

In other news, EVP Peter D’arcy sold 2,461 shares of M&T Bank stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $197.31, for a total transaction of $485,579.91. Following the transaction, the executive vice president owned 9,319 shares in the company, valued at approximately $1,838,731.89. The trade was a 20.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sadler, Jr. sold 6,700 shares of M&T Bank stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $183.52, for a total value of $1,229,584.00. Following the transaction, the director owned 23,070 shares in the company, valued at $4,233,806.40. This represents a 22.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,438 shares of company stock worth $1,967,346. 0.53% of the stock is owned by corporate insiders.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.35 per share. The ex-dividend date was Monday, June 2nd. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.9%. M&T Bank’s payout ratio is currently 34.97%.

M&T Bank Company Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.