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Jun 30, 2020
M&T Bank Q2 2020 Earnings Report
Announced second quarter results.
Key Takeaways
M&T Bank Corporation reported GAAP diluted earnings per common share of $1.74 for the second quarter of 2020, a decrease compared to $3.34 in the same quarter of the previous year. GAAP-basis net income was $241 million, down from $473 million in the second quarter of 2019. The results were impacted by the COVID-19 pandemic and the low interest rate environment.
Diluted earnings per common share were $1.74, compared to $3.34 in the year-earlier quarter.
GAAP-basis net income was $241 million, compared to $473 million in the second quarter of 2019.
Taxable-equivalent net interest income totaled $961 million, compared with $1.05 billion in the second quarter of 2019.
The provision for credit losses was $325 million, compared with $55 million in the year-earlier quarter.
Revenue by Segment
Forward Guidance
This news release contains 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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