M&T Bank Corp. Q2 Profit Beats Estimates - Quick Facts

(RTTNews) - M&T Bank Corporation (MTB) reported second-quarter net income available to common shareholders of $260.70 million or $1.98 per share, compared to $328.56 million or $2.55 per share, a year ago.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $1.90 for the quarter. Analysts' estimates typically exclude special items.

Taxable-equivalent net interest income was $674.96 million, compared to $683.80 million, last year. Non-interest income was $456 million compared to $509 million in the year-earlier quarter. Analysts expected revenue of $1.12 billion for the quarter.