- M&T Bank press release (NYSE:MTB): Q1 Non-GAAP EPS of $3.79 beats by $0.28.
- Revenue of $2.3B (-11.5% Y/Y) beats by $20M.
- Net interest margin of 3.59% in the recent quarter widened from 3.52% in the first quarter of 2024 reflecting higher yields on investment securities as cash was deployed to those products, and stable deposit and borrowing costs.
- Provision for credit losses of $150 million
