M&T Bank Corporation Outlook Following Q3 Results
<p>Analysts at RBC Capital provide their view on <a href='https://financialmodelingprep.com/financial-summary/MTB'>M&T Bank Corporation (NYSE:MTB) </a>following its Q3 results, with core EPS coming in at $3.74, beating the consensus estimate of $3.49. The strong performance was driven by better-than-expected revenues and a net provision benefit, offset in part by increased expenses. </p>
<p>The analysts increased their 2021 and 2022 EPS estimates for the company to $11.65 and $12.45, from $10.92 and $12.82, respectively, mentioning that the company is well-positioned for a stronger economy with higher interest rates.</p>
<p>According to the brokerage, the company’s balance sheet is loaded with liquidity that over the next 12–18 months should be put to work in higher-yielding earning assets, which should lead to higher net interest income. Moreover, the company’s net interest margin would be favorably impacted in a rising short-term interest rate environment. </p>

NYSE:MTB