M&T Bank reports Q4 2024 net income of $681M, diluted EPS $3.86

M&T BANK CORP

2024-FY EPS reported $14.64 revenue$1,541,000,000

Net income for Q4 2024 was $681 million, or $3.86 diluted EPS, down from $721 million in Q3 2024 but up from $482 million in Q4 2023.
Estimated CET1 capital ratio rose to 11.67% at Dec 31, 2024, from 11.54% at Sep 30, 2024, marking the seventh consecutive quarterly increase.
M&T repurchased 957,988 shares at an average cost of $206.70 per share for a total cost of $200 million in Q4 2024.
Nonaccrual loans improved to 1.25% of total loans at Dec 31, 2024, down from 1.42% at Sep 30, 2024 and 1.62% at Dec 31, 2023.
Net interest margin narrowed to 3.58% in Q4 2024 from 3.62% in Q3 2024, with net interest income of $1.728 billion.

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