M&T Bank Q4 Earnings Call Highlights

Fee income was another area of emphasis. M&T reported fee income grew 13% to a record $2.7 billion, and the fee mix increased from 26% to over 28% of revenue. Expenses were described as well controlled, with the efficiency ratio improving from 56.9% to 56% for the year, while the bank continued to make “significant enterprise investments.”Credit metrics improved, according to management. Non-accruals decreased 26% for the year, and the non-accrual ratio reached 90 basis points, which the bank said was the l ...