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M&T Bank Corporation Beats Q3 Earnings Estimates on Lower Credit Provision

Diluted earnings per common share were $5.04, down from $5.32 in the second quarter and up from $4.82 a year earlier.

A brass balance scale beside an unmarked loan folder / TokenPost.ai
A brass balance scale beside an unmarked loan folder / TokenPost.ai

Third-quarter results at M&T Bank Corporation exceeded analyst forecasts, with a credit-loss provision below expectations contributing to the earnings beat.

Diluted earnings per common share were $5.04. That compared with $5.32 in the second quarter and $4.82 in the year-earlier quarter, showing a sequential decline and a year-over-year increase.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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