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Sep 30, 2024
M&T Bank Q3 2024 Earnings Report
M&T Bank reported net income of $721 million and EPS of $4.02, with a CET1 capital ratio of 11.54%.
Key Takeaways
M&T Bank Corporation reported a net income of $721 million, resulting in diluted earnings per common share of $4.02 for the third quarter of 2024. The CET1 capital ratio rose to an estimated 11.54%, and the company repurchased shares of its common stock for a total cost of $200 million.
CET1 capital ratio increased for the sixth consecutive quarter to an estimated 11.54%.
Net interest margin widened to 3.62% due to higher yields on investment securities and lower funding costs.
Average commercial and industrial loans and average consumer loans increased, offset by a decline in average commercial real estate loans.
Provision for credit losses decreased due to lower levels of criticized commercial real estate and commercial and industrial loans.
Revenue by Segment
Forward Guidance
M&T's positive earnings momentum, strong capital position and unyielding focus on delivering for our customers and the communities we serve have positioned the franchise for a strong finish to 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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