M&T Bank Corp. (MTB) Tops Q3 EPS by 22c

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Go back to M&T Bank Corp. (MTB) Tops Q3 EPS by 22c

M&T Bank Corporation Announces Third Quarter Results

October 17, 2018 6:36 AM EDT

BUFFALO, N.Y., Oct. 17, 2018 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended September 30, 2018.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") for the third quarter of 2018 were $3.53, 60% higher than $2.21 in the year-earlier quarter and 8% above $3.26 recorded in the second quarter of 2018.  GAAP-basis net income in the recent quarter was $526 million, up from $356 million in the third quarter of 2017 and $493 million in the second 2018 quarter. GAAP-basis net... More