M&T(US:MTB)2023-10-19 15:49Financial Performance - Revenues grew by 4% year-over-year to $2.3 billion[32] - Pre-Provision Net Revenue (PPNR) increased by 4% year-over-year to $1.1 billion[32] - Diluted Earnings Per Share (EPS) increased by 13% year-over-year[32] - Diluted net operating EPS increased 6% year-over-year to $4.05[36] - Net Interest Margin decreased by 12 bps quarter-over-quarter to 3.79%[38] Balance Sheet - Average loans decreased by 1% quarter-over-quarter, a decrease of $0.9 billion[51] - Commercial & Industrial (C&I) loans increased slightly by $94 million quarter-over-quarter[51] - Commercial Real Estate (CRE) loans declined by 2%, a decrease of $714 million quarter-over-quarter[51] - Residential mortgage loans decreased by 1%, a decrease of $208 million quarter-over-quarter[51] - Tangible book value per share grew by 3% quarter-over-quarter to $93.99[36] ESG Commitment - $231.6 million invested in the renewable energy sector[28] - 13% reduction in electricity consumption since 2019[28]