M&T Bank Sees Q1 EPS of $4.01, Revenue Up 5.3% and Price Target Cut to $245
M&T Bank expects Q1 2026 EPS of $4.01 and revenue of $2.43 billion, a 5.3% year-over-year increase driven by higher net interest income. Consensus EPS estimates have been revised down 0.5% over the past month and Morgan Stanley cut its price target to $245.
1. Earnings Preview
M&T Bank will report Q1 2026 earnings on April 15 before market open, with EPS estimated at $4.01, an 18.6% increase from the prior-year quarter. Revenue is projected at $2.43 billion, up 5.3% year-over-year, driven by higher net interest income and growth in mortgage banking revenue.
2. Consensus Revisions
Analyst consensus for EPS has been lowered by 0.5% over the past 30 days, reflecting cautious sentiment on rising operational expenses. Investors will watch expense ratios closely to see if net income growth can offset cost pressures.
3. Analyst Price Target Cut
Morgan Stanley reduced its price target on M&T Bank from $271 to $245, citing concerns over margin compression and competitive pressure in the regional banking sector. The new target suggests tempered expectations for share price appreciation into the second half of 2026.