M&T Bank Corp. (MTB) has announced its third-quarter earnings, which showed an increase compared to the same period last year and exceeded analysts' expectations. The company reported a total net income of $674 million, translating to earnings of $4.02 per share. This is an improvement from the previous year's third-quarter results, which were $664 million, or $3.98 per share.
On average, analysts, whose estimates typically exclude special items, anticipated earnings of $3.64 per share, according to data from Thomson Reuters.
A summary of M&T Bank Corp.'s earnings (GAAP) for the third quarter is as follows:
- Earnings: $674 million, compared to $664 million in the prior year.
- Earnings Per Share (EPS): $4.02, up from $3.98 in the previous year.
