M&T Bank’s Q2 GAAP EPS beats estimates by $0.66
M&T Bank reported Q2 GAAP EPS of $5.32, exceeding expectations by $0.66.
The bank’s revenue of $2.53B also surpassed estimates by $70M, representing a 5.0% year-over-year increase.
The strong earnings were driven by contributions from the bank’s commercial, retail, and institutional services.