M&T Bank: Q1 Earnings Insights

M&T Bank: Q1 Earnings Insights

 

M&T Bank MTB reported its Q1 earnings results on Wednesday, April 20, 2022 at 06:40 AM.

Here's what investors need to know about the announcement.

Earnings

M&T Bank beat estimated earnings by 34.48%, reporting an EPS of $2.73 versus an estimate of $2.03.

Revenue was down $42.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.59 which was followed by a 3.75% drop in the share price the next day.

Here's a look at M&T Bank's past performance:

 

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 2.91 3.50 3.60 3
EPS Actual 3.50 3.76 3.45 3.41
Revenue Estimate 1.56B 1.48B 1.49B 1.49B
Revenue Actual 1.51B 1.54B 1.46B 1.49B

To track all earnings releases for M&T Bank visit their earnings calendar here..

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews