M&T Bank Beats Estimates on Higher Net Interest Margin and Stronger Mortgage Banking
April 15, 2013 at 08:58 AM EDT
M&T Bank reported first quarter results early Monday that beat analyst estimates. In the press release, the company attributed the stronger than expected results to higher net interest margins, stronger mortgage banking revenue, and declining credit costs. For the first quarter of 2013, M&T Bank reported earnings per share of $2.06,