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Sep 30, 2021
M&T Bank Q3 2021 Earnings Report
M&T Bank reported an increase in net income and diluted earnings per share for the third quarter of 2021, driven by strong fee income and a robust business model.
Key Takeaways
M&T Bank Corporation reported GAAP diluted earnings per common share of $3.69 for Q3 2021, up from $2.75 in Q3 2020 and $3.41 in Q2 2021. Net income was $495 million, compared to $372 million in the same quarter the previous year. The results reflect the strength of M&T's diversified business model, with fee income being particularly robust.
Diluted earnings per common share increased to $3.69, up from $2.75 in the year-earlier quarter.
GAAP-basis net income rose to $495 million, compared to $372 million in the third quarter of 2020.
Fee income was robust, driven by strong mortgage banking, trust and brokerage, and other payments revenue.
Common Equity Tier 1 Capital Ratio improved to 11.1% at September 30, 2021, from 10.7% at the end of the second quarter.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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