M&T Bank (MTB) Q1 Earnings Miss Estimates, Expenses Rise Y/Y [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/m
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Source: Yahoo! Finance
Also, the bottom line compared unfavorably with the $4.09 earned in the year-ago quarter. Shares of MTB gained nearly 4% in pre-market trading despite lower-than-anticipated earnings. A full day's trading will depict a better picture. Results were adversely impacted by the rise in provision for credit losses, a decline in net interest income (NII) and higher expenses. On the other hand, a rise in loans and leases, and higher rates offered some support. Net income available to common shareholders was $505 million, which decreased 25.3% from the prior-year quarter. Revenues Down & Expenses Rise M&T Bank's quarterly revenues were $2.26 billion, in line with the consensus estimate. However, the reported figure decreased 6% year over year. NII (tax equivalent) fell 7.6% year over year to $1.69 billion. Our estimate for the metric was $1.7 billion. The decrease was due to a lower net interest margin, which shrunk 52 basis points to 3.52%. Total non-interest income was $580 mil
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MTB
News
- M&T Bank Corporation to Participate in the Barclays Americas Select Franchise ConferencePR Newswire
- M&T Bank Co. (NYSE: MTB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing [Yahoo! Finance]Yahoo! Finance
- M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium [Yahoo! Finance]Yahoo! Finance
- M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor SymposiumPR Newswire
MTB
Earnings
- 4/15/24 - Miss
MTB
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/26/24 - Form 144
- MTB's page on the SEC website