Financial services firm M&T Bank Corp. (MTB) announced a rise in first-quarter GAAP net income available to common shareholders to $255.1 milllion, or $1.98 per share, from last year's $188.24 million, or $1.50 per share, with GAAP net income totaling $274.1 million, up 33% compared with $206.46 million in the initial 2012 quarter.
Excluding the impact of amortization of core deposit and other intangible assets and merger-related gains and expenses, net operating earnings stood at $2.06 per share in the recent quarter. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $1.96 for the quarter. Analysts' estimates typically exclude one-time items.
Net interest income, on a taxable-equivalent basis, was $663 million, 6% higher than the prior year's $627 million, helped by an increase in average earning assets, fueled by $5.4 billion of growth in average loans and leases.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.