M&T Bank Corporation (NYSE:MTB) reported stronger Q2 results with loans up to $141.4B and net income rising to $781M (EPS $5.32), drew mixed analyst responses—price targets lifted by Barclays and Baird while Wells Fargo stays underweight—and declared multiple preferred dividends payable Sept. 15, 2026.
Previous Week Recap
- M&T Q2 Loans Increase, Earnings Rise: M&T Bank (MTB) Q2: loans $141.4B vs $135.4B year‑ago; provision for credit losses $120M down from $125M; net income $781M, EPS $5.32 vs $679M, $4.24
- Barclays, Baird Raise MTB Targets: Barclays raised M&T Bank (MTB) price target to $267 from $236; Baird raised target to $250 from $240 — increases of $31 and $10, respectively.
- Wells Fargo Maintains MTB Underweight: Wells Fargo maintained an underweight rating on M&T Bank Corporation (MTB), reflecting the firm's continued cautious assessment of the stock as reported.
- M&T Declares Preferred Dividends: M&T Bank (MTB) declared preferred dividends: Series H $0.3515625, Series J $187.50 ($0.46875 per depositary), Series K $158.75 ($0.396875 per depositary); payable Sept 15, 2026; record Sept 1, 2026
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