M&T Bank Corp. (MTB) Tops Q4 EPS by 57c

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Go back to M&T Bank Corp. (MTB) Tops Q4 EPS by 57c

M&T Bank Corporation Announces 2020 Fourth Quarter And Full-Year Results

January 21, 2021 5:40 AM EST

BUFFALO, N.Y., Jan. 21, 2021 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for 2020.

GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") were $3.52 in the fourth quarter of 2020, compared with $3.60 in the year-earlier quarter and $2.75 in the third quarter of 2020. GAAP-basis net income was $471 million in the recent quarter, $493 million in the final quarter of 2019 and $372 million in the third 2020 quarter. GAAP-basis net income in the fourth quarter of 2020 expressed as an... More