M&T Bank (NYSE: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.
