M&T Bank Corp. (MTB) Tops Q2 EPS by 8c

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Go back to M&T Bank Corp. (MTB) Tops Q2 EPS by 8c

M&T Bank Corporation Announces Second Quarter Results

July 19, 2017 6:51 AM EDT

BUFFALO, N.Y., July 19, 2017 /PRNewswire/ -- M&T Bank Corporation ("M&T")(NYSE: MTB) today reported its results of operations for the quarter ended June 30, 2017.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") for the second quarter of 2017 were $2.35, up 19% from $1.98 in the year-earlier period and 11% higher than $2.12 in the first quarter of 2017.  GAAP-basis net income in the recently completed quarter totaled $381 million, a 13% rise from $336 million in the corresponding 2016 quarter and 9% above the $349 million recorded in the initial 2017... More