M&T Bank Corp. (MTB) Posts Q4 GAAP EPS of $1.65

M&T Bank Corp. (NYSE: MTB) reported Q4 EPS of $1.65, which may not compare with the analyst estimate of $1.97.

GAAP Results of Operations. Reflecting the impact of merger-related expenses associated with its recent acquisition, M&T's diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") for the fourth quarter of 2015 were $1.65, compared with $1.92 in the year-earlier quarter and $1.93 in the third quarter of 2015. GAAP-basis net income in the recent quarter was $271 million, compared with $278 million in the final quarter of 2014 and $280 million in 2015's third quarter. Expressed as an annualized rate of return on average assets and average common shareholders' equity, GAAP-basis net income for the recent quarter was .93% and 7.22%, respectively, compared with 1.12% and 9.10%, respectively, in the year-earlier quarter and 1.13% and 8.93%, respectively, in the third quarter of 2015.

For earnings history and earnings-related data on M&T Bank Corp. (MTB) click here.

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