Business

Add as a preferred source on Google

M&T Bank Q3 Earnings Top Forecasts With Credit-Loss Provision Below Expectations

Diluted earnings per common share were 22 cents above a year earlier but 28 cents below the second-quarter result.

Updated 1 min read
Pedestrians pass the One M&T Plaza headquarters in downtown Buffalo, New York, on a cloudy morning. / EconoTimes.ai
Pedestrians pass the One M&T Plaza headquarters in downtown Buffalo, New York, on a cloudy morning. / EconoTimes.ai

Read the original article

M&T Bank Corporation posted diluted earnings per common share of $5.04 for the third quarter. Its results exceeded analyst forecasts, while the credit-loss provision came in below expectations.

The per-share figure was 22 cents above the $4.82 recorded in the year-earlier quarter. Compared with the second quarter’s $5.32, it was lower by 28 cents.

Related articles

View all