Stronger margins, trust income propel M&T | American Banker

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A widening net interest margin and rising trust income boosted the bottom line for M&T Bank in Buffalo, N.Y.

The $120.9 billion-asset company’s net income in the second quarter rose 13% year over year to $381 million. Earnings per share were $2.35, beating analysts’ average estimate of $2.26, according to FactSet Research Systems.

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