M&T Bank Corp. (MTB) Tops Q1 EPS by 8c
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M&T Bank Corporation Announces First Quarter Results
April 15, 2019 6:38 AM EDTBUFFALO, N.Y., April 15, 2019 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2019.
GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") were $3.35 in the initial 2019 quarter, 50% higher than $2.23 in the year-earlier quarter. GAAP-basis net income in the recent quarter was $483 million, up from $353 million in the first quarter of 2018. Diluted earnings per share and GAAP-basis net income were $3.76 and $546 million, respectively, in the fourth quarter of 2018. GAAP-basis... More
