RTTNews | Oct 22, 2020 06:55AM EDT

06:55 Thursday, October 22, 2020 (RTTNews.com) - M&T Bank Corp. (MTB) released a profit for third quarter that dropped from last year.

The company's bottom line came in at $372 million, or $2.75 per share. This compares with $480 million, or $3.47 per share, in last year's third quarter.

Analysts had expected the company to earn $2.6 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

M&T Bank Corp. earnings at a glance:

-Earnings (Q3): $372 Mln. vs. $480 Mln. last year.-EPS (Q3): $2.75 vs. $3.47 last year.-Analysts Estimate: $2.6

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