M&T Bank Corp. (MTB) Tops Q2 EPS by 10c

M&T Bank Corp. (NYSE: MTB) reported Q2 EPS of $3.26, $0.10 better than the analyst estimate of $3.16.

Commenting on M&T's results for the second quarter, Darren J. King, Executive Vice President and Chief Financial Officer, noted, "M&T's financial performance in the second quarter was strong, led by a 12 basis point expansion of the net interest margin and higher trust income. Credit quality continued to be very good with the net charge-off ratio well below our long-term average. Expenses were in line with our expectations as we continued with our plan to invest savings realized from lower income tax rates in our employees, communities and customer service delivery capabilities. Furthermore, the Federal Reserve did not object to our revised 2018 Capital Plan that includes the repurchase of up to $1.8 billion of common shares and a 25% increase in M&T's quarterly common stock dividend."

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

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