M&T Bank Corp. (MTB) Tops Q1 EPS by 41c

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Go back to M&T Bank Corp. (MTB) Tops Q1 EPS by 41c

M&T Bank Corporation Announces First Quarter Results

April 19, 2021 6:37 AM EDT

BUFFALO, N.Y., April 19, 2021 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2021.

GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") were $3.33 in the first quarter of 2021, compared with $1.93 in the year-earlier quarter and $3.52 in the fourth quarter of 2020. GAAP-basis net income was $447 million in the recent quarter, $269 million in the first quarter of 2020 and $471 million in the final 2020 quarter. GAAP-basis net income in the initial 2021... More