M&T Bank (MTB) Q2 Earnings Top Estimates, NII Drops Y/Y

M&T Bank Corporation's (MTB) second-quarter 2024 net operating earnings per share (EPS) of $3.79 topped the Zacks Consensus Estimate of$3.50. However, the bottom line compared unfavorably with 5.12 earned in the year-ago quarter. Results benefited from a rise in loans and leases and higher deposits. A decline in net interest income (NII) and higher expenses were spoilsport. M&T Bank's quarterly revenues were 2.32 billion, surpassing the consensus estimate of $2.27 billion. However, the reported figure de ...