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Mar 31, 2021
M&T Bank Q1 2021 Earnings Report
Announced first quarter results.
Key Takeaways
M&T Bank Corporation reported GAAP-basis net income of $447 million, resulting in diluted earnings per common share of $3.33. The company's capital position remained solid, with the Common Equity Tier 1 Capital Ratio growing to 10.4%.
Diluted earnings per common share were $3.33, compared to $1.93 in the year-earlier quarter.
GAAP-basis net income was $447 million, compared to $269 million in the first quarter of 2020.
Taxable-equivalent net interest income totaled $985 million, up from $982 million in the first quarter of 2020.
The Company recorded a provision for credit losses recapture of $25 million.
Forward Guidance
This news release and related conference call may contain forward-looking statements that are based on current expectations, estimates and projections about M&T's business, management's beliefs and assumptions made by management.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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