M&T Bank Corp. (MTB) Tops Q1 EPS by 20c

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Go back to M&T Bank Corp. (MTB) Tops Q1 EPS by 20c

M&T Bank Corporation Announces First Quarter Results

April 17, 2017 6:54 AM EDT

BUFFALO, N.Y., April 17, 2017 /PRNewswire/ -- M&T Bank Corporation ("M&T")(NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2017.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") for the initial quarter of 2017 were $2.12, up 23% from $1.73 in the year-earlier quarter and 7% higher than $1.98 in the final quarter of 2016.  GAAP-basis net income in the recent quarter was $349 million, 17% higher than $299 million in the first quarter... More