M&T Bank Corporation Announces 2010 Q4 and Full-Year Profits

M&T Bank Corporation MTB today reported its results of operations for 2010. Diluted earnings per common share measured in accordance with generally accepted accounting principles ("GAAP") rose 53% to $1.59 in the fourth quarter of 2010 from $1.04 in the fourth quarter of 2009 and were 7% higher than $1.48 in the third quarter of 2010. GAAP-basis net income in the recent quarter totaled $204 million, up from $137 million and $192 million in the year-earlier quarter and the third quarter of 2010, respectively.