MTB - M&T Bank Analysts Boost Their Forecasts Following Upbeat Earnings | Benzinga
M&T Bank Corporation (NYSE:MTB) reported better-than-expected second-quarter financial results on Thursday.
M&T Bank reported quarterly earnings of $3.79 per share which beat the analyst consensus estimate of $3.50 per share. Quarterly sales came in at $2.302 billion topping expectations of $2.277 billion, according to data from Benzinga Pro.
“Building on a strong start to the year, the second quarter results reflect a 24% increase in diluted earnings per common share from the first quarter. We continued to grow our commercial and industrial and consumer loan portfolios, while lessening our commercial real estate exposure. Credit metrics improved as both nonaccrual and total criticized loans declined sequentially. Liquidity ...