M&T Bank Reports Better-Than-Expected Results

M&T Bank (NYSE:MTB) reported Q1 EPS of $1.59, which may not be comparable to estimates of $1.49.M&T reported Q1 net interest margins of 3.69% vs. 3.60% quarter-over-quarter.The company reported Q1 Tier 1 common ratio of 7.04%.M&T also reported Q1 provision for credit losses of $49 million vs. $74 million quarter-over-quarter.

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