Wednesday, M&T Bank Corp. (MTB) reported fourth-quarter net income available to common shareholders of $122.91 million or $1.04 per share, compared to $101.45 million or $0.92 per share in the same quarter last year.
Net operating income for the quarter was $150.78 million or $1.16 per share, up from $111.78 million or $1.00 per share in the prior year quarter.
On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.87 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter was $558.72 million, up 15% from $486.08 million in the comparable quarter last year. Non-interest income for the quarter was $300 million, up 13% from $265 million in the year ago quarter. Analysts expected the company to report revenue of $846.17 million for the quarter.
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