Jul. 16 at 2:38 PM
$MTB posts a solid earnings beat, but what about the headwinds? 📊
MTB's Q2 EPS of
$4.28 topped the Zacks Consensus Estimate of
$4.04, driven by a 17% Y/Y rise in non-interest income and a 1.1% increase in loan balances. However, falling net interest income and rising expenses are concerns.
See the full breakdown here 👉 https://www.zacks.com/stock/news/2585761/mtb-q2-earnings-top-estimates-on-higher-non-interest-income-stock-up?cid=sm-stocktwits-2-2585761-body-2060&ADID=SYND_STOCKTWITS_TWEET_2_2585761_BODY_2060