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AI brief of an SEC Form 8-K · M&T Bank (MTB)

M&T Bank Corp. third-quarter net income rises to $721 million, or $4.02 per share

Positive Impact 3 of 5 earnings Written later

M&T Bank Corporation reported third-quarter 2024 net income of $721 million, or $4.02 per diluted share, up from $655 million and $3.73 per share in the second quarter and from $690 million and $3.98 per share a year earlier. Its CET1 capital ratio rose to an estimated 11.54% and the company repurchased $200 million of its common stock, which supports per-share results and capital for shareholders.

Key points

  • Diluted EPS was $4.02 in the third quarter of 2024, compared with $3.73 in the second quarter and $3.98 in the third quarter of 2023.
  • Provision for credit losses fell to $120 million from $150 million in the second quarter, and nonaccrual loans declined to 1.42% of loans from 1.50%.
  • Net interest margin widened to 3.62% from 3.59% in the second quarter, while net interest income was $1,726 million.
  • M&T repurchased 1,190,054 shares for $200 million in the quarter and declared $1.35 per common share in cash dividends.

The filing

CompanyM&T Bank (MTB)
Form8-K, current report
Filed with the SECOct 17, 2024, 6:01 AM ET
Accession number0001628280-24-042977

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.