M&T Bank Reports Third-Quarter Profit of $732 Million
M&T Bank reported third-quarter profit of $732 million, or $5.04 a share, versus $754 million, or $4.82 a share, a year earlier. Higher expenses more than offset an increase in net interest income.
M&T Bank’s third-quarter profit declined as higher expenses outweighed growth in net interest income. The bank reported profit of $732 million, or $5.04 a share, compared with $754 million, or $4.82 a share, a year earlier.