Loading...
•
Sep 30, 2023
M&T Bank Q3 2023 Earnings Report
Reported net income of $690 million and diluted earnings per common share of $3.98.
Key Takeaways
M&T Bank Corporation reported a net income of $690 million, or $3.98 diluted earnings per common share, for the third quarter of 2023. The bank's capital position remained strong, with the CET1 capital ratio increasing to an estimated 10.94%.
CET1 capital ratio increased to an estimated 10.94%.
Net interest margin narrowed to 3.79% due to rising deposit rates outpacing asset yields.
Average loans and leases decreased 1% due to a decline in commercial real estate loan balances.
Nonaccrual loans improved to 1.77% of loans outstanding.
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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...