M&T Bank reported third-quarter 2026 net income of $732 million, down from $754 million a year earlier. Its shares slipped about 1.5% on the first trading day after the release. Revenue edged up to $2,401 million from $2,388 million. Basic earnings per share rose to $5.08 from $4.85, while net interest margin narrowed to 3.65% from 3.68%. Costs weighed on results. Noninterest expense rose to $1.39 billion, deposit costs climbed to 2.05%, and the cost-to-income ratio reached 54.4%. Capital stayed solid. The bank's CET1 ratio was 10.16% after $323 million of buybacks, and operating return on tangible common equity was 17.3%.

M&T Bank reported record SBA 7(a) loan volume and dollar amounts in its history. It ranked first in fiscal year 2026 by number of loans across its communities and rose to fifth nationally among SBA 7(a) lenders. The result comes as national SBA 7(a) activity pulled back. It marks 18 consecutive years as a leading SBA lender for the bank. On March 30, the board authorised share repurchases of up to $5,000 million. Management intends to run a CET1 ratio toward the lower end of the 10% to 10.5% range. Risks remain, including funding costs, deposit mix, and high noninterest expenses.

Royal Oak has recast its credit facility, raising it from $415 million to $550 million. The facility includes a $350 million term loan and a $200 million revolving line of credit. The deal was oversubscribed: it launched at $515 million and drew $665 million in commitments. The facility is now fully unsecured, spreads fell by 20bps, and maturity dates extend from 2030 to 2032, including extension options. The bank group is led by The Huntington National Bank, Regions Bank, Truist Securities, Inc., and M&T Bank, with Associated Bank also taking part. "Our syndicate continues to demonstrate a strong commitment to Royal Oak," said chief financial officer Charles Knittle.