** charts before earnings **
** charts after earnings **
M&T Bank beats by $0.12 :
- Reports Q4 (Dec) earnings of $2.09 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $1.97.
- The provision for credit losses was $58 million during the fourth quarter of 2015, compared with $33 million in the year-earlier quarter and $44 million in the third quarter of 2015.
- "M&T posted strong financial performance in the fourth quarter, reflecting our recent merger, growth in revenues, controlled expenses and continued solid credit quality, resulting in a 7% increase in diluted net operating earnings per common share from the year-earlier quarter... While financial results for the fourth quarter reflect only two months of the operations associated with Hudson City, the acquisition has already had a positive impact on M&T's operating results and capital position, contributing to a 13% rise in tangible book value per share from the 2014 year end."
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