M&T Bank Corporation

M&T Bank declared a quarterly common stock dividend of $1.50 per share, in line with its previous payout. The dividend is payable September 30 to shareholders of record on September 1, with the ex-dividend date also September 1. Based on the current share price, the forward yield is 2.39%.

M&T Bank reported second-quarter 2026 net operating earnings per share of $5.35, beating the Zacks Consensus Estimate of $4.66 and up from $4.28 a year earlier. Quarterly revenues rose 5.7% year over year to $2.53 billion, also above the consensus of $2.48 billion, driven by a 4.8% increase in net interest income to $1.80 billion and an 8.3% rise in non-interest income to $740 million. Total loans grew 2.3% sequentially to $143.2 billion, while deposits increased 3.1% to $168.9 billion, and net charge-offs fell 25.9% to $80 million. Management raised its 2026 non-interest income guidance to between $2.8 billion and $2.85 billion and now expects average loan balances of $141 to $143 billion, while projecting taxable-equivalent net interest income in the lower half of the $7.2 to $7.35 billion range. The stock has lost about 0.3% since the earnings release, underperforming the S&P 500, and currently carries a Zacks Rank #3 (Hold).

Popular, Inc. announced plans to increase its quarterly common stock dividend by 20% to 90 cents per share, payable in the fourth quarter of 2026 subject to board approval. The company also authorized a new $1 billion share repurchase program, having fully utilized its previous $500 million authorization as of June 30, 2026. Popular's liquidity remains robust, with short-term debt of $1.1 billion and no long-term debt against a liquidity balance of $4.9 billion. The dividend hike follows a 7.1% increase to 75 cents per share in August 2025, and the company has raised its dividend four times over the past five years at an annualized growth rate of 10.9%. Peers Northern Trust and M&T Bank have also strengthened shareholder returns, with Northern Trust raising its dividend 10% to 88 cents per share and M&T Bank authorizing a new $5 billion buyback program.

M&T Bank Corporation is highlighted as a compelling dividend stock, currently paying $1.50 per share for a yield of 2.38%. The company's annualized dividend of $6.00 represents a 5.3% increase from last year, and it has raised its dividend three times over the past five years for an average annual increase of 5.36%. With a payout ratio of 31% and expected earnings growth of 12.91% to $19.42 per share in fiscal 2026, the stock holds a Zacks Rank of #3 (Hold).

M&T Bank reported record second-quarter earnings per share of $5.35, beating analyst estimates by $0.66, as revenue rose 5.7% year over year to $2.53 billion. Net income climbed 14.2% to $818 million, driven by a 4.6% increase in net interest income to $1.79 billion and higher non-interest fee income from trust and wealth management services. The bank saw its strongest core quarterly loan growth since 2012, with loans rising $3 billion sequentially to $141.4 billion, and lifted its full-year lending target by $1 billion to a range of $141 billion to $143 billion. Credit quality improved as the provision for credit losses fell to $120 million from $140 million in the prior quarter, while annualized net charge-offs dropped to 23 basis points of average loans. The company raised its quarterly dividend by 11% to $1.50 and repurchased $465 million of stock in the quarter, part of a long-term buyback plan of up to $5 billion.

United Community Banks will report its second-quarter earnings this Tuesday before market hours. Last quarter, the regional bank posted revenues of $272.4 million, up 9.6% year on year, but missed analysts' revenue expectations and saw net interest income slightly below estimates. For the upcoming report, the market expects revenue growth of 7.8% year on year, an improvement from the 6.1% increase in the same quarter last year. Analysts have largely maintained their estimates over the past 30 days, though the company has missed Wall Street revenue estimates multiple times over the last two years. Among peers, M&T Bank and Commerce Bancshares both beat revenue expectations in their recent Q2 results, with M&T Bank shares rising 5% and Commerce Bancshares up 1.7% following their reports. United Community Banks shares have gained 9.2% over the past month, outperforming the 6.3% average increase in the regional banks segment, and the stock heads into earnings with an average analyst price target of $39.10 compared to its current price of $36.44.

Regions Financial is set to announce earnings results tomorrow morning. The regional bank missed revenue expectations last quarter, reporting $1.89 billion, up 3.6% year on year, with misses on tangible book value per share and net interest income. For this quarter, analysts expect revenue growth of 1.5% year on year, a slowdown from the 6.9% increase in the same quarter last year. Among regional bank peers, M&T Bank reported 5.5% revenue growth, beating estimates by 2.5%, while Citizens Financial Group posted 12.1% growth, topping estimates by 1.6%. Regions Financial shares are up 7.4% over the last month, heading into earnings with an average analyst price target of $31.82 against a current price of $30.78.

Several major companies made significant premarket moves following earnings reports and deal news. BlackRock jumped more than 4.5% after reporting adjusted earnings of $13.91 per share, beating the LSEG estimate of $12.59. PayPal surged 19% after Reuters reported that Stripe and Advent offered to buy the digital payments platform for $53 billion, pricing it at $60.50 per share. ASML rose 3% after the Dutch semiconductor-equipment maker beat quarterly estimates and raised its full-year sales outlook, now forecasting a gross margin between 54 and 56%, up from a prior range of 51 to 53%. Morgan Stanley gained 1.5% on record quarterly revenues and profits, with earnings of $3.46 per share versus the $2.94 expected. In contrast, Pentair tumbled more than 14% after issuing preliminary second-quarter adjusted earnings guidance of $1.12 per share, well below the $1.48 FactSet consensus. Johnson & Johnson slipped more than 1% despite posting adjusted earnings of $2.90 per share on revenue of $25.31 billion, slightly above analyst forecasts. Elevance Health fell 7% even though second-quarter revenue topped estimates and it raised full-year earnings guidance. IBM recovered more than 1% after suffering its worst day on record Tuesday with a 25% plunge on disappointing preliminary results. M&T Bank rose 2% on earnings of $5.32 per share, exceeding the FactSet consensus of $4.66, while Bank of New York Mellon slipped 1% despite beating estimates, as it flagged higher future expenses.

M&T Bank has renewed its partnership with The Florida Bar to continue offering members free access to the Nota platform. The cloud-based tool helps attorneys manage Interest on Trust Accounts more efficiently and maintain regulatory compliance. Since its 2023 launch, over 900 Florida Bar members have used the service, with ongoing enhancements shaped by user feedback including improved reconciliation, expanded software integrations, and better usability.

M&T Bank Corporation is highlighted as a top dividend stock, currently paying $1.50 per share with a dividend yield of 2.53%. The company's annualized dividend of $6.00 represents a 5.3% increase from last year, and it has raised its dividend three times over the past five years for an average annual increase of 5.36%. Its payout ratio stands at 33%, and the Zacks Consensus Estimate for fiscal year 2026 earnings is $18.73 per share, implying year-over-year earnings growth of 8.90%. The stock carries a Zacks Rank of #3 (Hold).

Solar Landscape has closed an oversubscribed $125 million revolving credit facility led by M&T Bank, with participation from Flagstar Bank, Atlantic Union Bank, and Valley Bank. The facility expands an existing relationship with M&T Bank and provides flexible working capital to support project throughput across Solar Landscape's growing development pipeline. The financing enables the company to advance projects more efficiently from origination to construction readiness, accelerating the deployment of distributed energy infrastructure amid rapidly growing electricity demand. Solar Landscape's Chief Financial Officer Clayton Avent said the partnership strengthens the development platform and allows the company to bring new megawatts online faster. The facility complements Solar Landscape's broader capital strategy and supports continued year-over-year EBITDA growth.