M&T Bank Corp. Earnings Climb 19% In Q1

(RTTNews) - M&T Bank Corp. (MTB) revealed a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $329 million, or $2.12 per share. This was higher than $276 million, or $1.73 per share, in last year's first quarter.

Analysts had expected the company to earn $1.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

M&T Bank Corp. earnings at a glance:

-Earnings (Q1): $329 Mln. vs. $276 Mln. last year. -Earnings Growth (Y-o-Y): 19.2% -EPS (Q1): $2.12 vs. $1.73 last year. -EPS Growth (Y-o-Y): 22.5% -Analysts Estimate: $1.93