M&T Bank Corp. (MTB) Misses Q3 EPS by 39c

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M&T BANK CORPORATION ANNOUNCES THIRD QUARTER RESULTS

October 19, 2022 6:12 AM EDT

BUFFALO, N.Y., Oct. 19, 2022 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended September 30, 2022.

GAAP Results of Operations.  Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") were $3.53 in the third quarter of 2022, compared with $3.69 in the year-earlier quarter and $1.08 in the second quarter of 2022. GAAP-basis net income was $647 million in the recent quarter, $495 million in the third quarter of 2021 and $218... More