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Jun 30, 2022
M&T Bank Q2 2022 Earnings Report
M&T Bank's second quarter results were announced, reflecting the full-quarter impact of the People’s United acquisition and increased net interest margin driving revenue growth.
Key Takeaways
M&T Bank reported GAAP diluted earnings per common share of $1.08 for the second quarter of 2022, a decrease compared to $3.41 in the year-earlier quarter and $2.62 in the first quarter of 2022. The results reflect a full-quarter impact of the acquisition of People’s United, with net income of $218 million, down from $458 million in the second quarter of 2021.
GAAP diluted earnings per common share were $1.08, compared to $3.41 in the second quarter of 2021.
Net income was $218 million, a decrease from $458 million in the same period last year.
The acquisition of People’s United Financial, Inc. positively impacted net operating results.
Net interest margin increased to 3.01%, up from 2.77% in the corresponding quarter of 2021.
Revenue by Segment
Forward Guidance
This news release and related conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the SEC.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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