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M&T Bank Corp. Profit Climbs In Q1

M&T Bank Corp. (MTB) revealed a profit for its first quarter that rose from last year.

The company's earnings came in at $462.09 million, or $3.35 per share. This compares with $332.75 million, or $2.23 per share, in last year's first quarter.

Analysts had expected the company to earn $3.30 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): $462.09 Mln. vs. $332.75 Mln. last year.
-EPS (Q1): $3.35 vs. $2.23 last year.
-Analysts Estimate: $3.30

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