M&T Bank Corp. (MTB) Misses Q1 EPS by 11c

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Go back to M&T Bank Corp. (MTB) Misses Q1 EPS by 11c

M&T Bank Corporation Announces First Quarter Results

April 20, 2015 7:57 AM EDT

BUFFALO, N.Y., April 20, 2015 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2015.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") for the initial quarter of 2015 were $1.65, up from $1.61 in the first quarter of 2014.  GAAP-basis net income in the recent quarter was $242 million, 6% higher than the $229 million earned in the year-earlier quarter.  Net income for the first three months of 2015 expressed as an annualized rate of return on average assets and... More