M&T Bank Reports Q3 2023 Net Income of $690 Million

M&T Bank Corporation (MTB) , a prominent financial institution, has released its financial results for the third quarter of 2023. The bank reported a net income of $690 million, equivalent to $3.98 of diluted earnings per common share. Furthermore, M&T Bank disclosed a robust performance in terms of revenue, with a total revenue of $2.35 billion. Let's delve into the details of the financial report to understand the key highlights.

Earnings Highlights

Net Interest Income Remains Stable

The net interest income for the third quarter of 2023 stood at $1.775 billion. While this figure slightly declined from the previous quarter ($1.799 billion), it showed a noticeable improvement from the same period last year ($1.679 billion).