M&T Bank Corp., of Buffalo, N.Y., which has offices in Maryland and five other states and Washington, D.C., reported first-quarter net income of $274.1 million, or $1.98 per diluted share, versus net income of $206.5 million, or $1.50 per diluted share, for the year-ago period.
Twenty-two analysts polled by Thomson Reuters expected, on average, earnings of $1.96 per share.
Officials noted improvements in both interest and non-interest income, propelled by higher residential mortgage banking revenue and lower credit costs.
Total assets rose to $82.8 billion from $79.2 billion in the 2012 period.
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