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M&T Bank Corp. Reports Increase In Q1 Earnings

M&T Bank Corp. (MTB) revealed earnings for its first quarter that climbed from the same period last year.

The company's profit totaled $333 million, or $2.23 per share. This compares with $329 million, or $2.12 per share, in last year's first quarter.

Analysts had expected the company to earn $2.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

M&T Bank Corp. earnings at a glance:

-Earnings (Q1): $333 Mln. vs. $329 Mln. last year.
-EPS (Q1): $2.23 vs. $2.12 last year.
-Analysts Estimate: $2.76

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