Free Historical Stock Data on M&T Bank Corp;
Stock Symbol: MTB
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M&T Bank Corporation is the holding company for Manufacturers and Traders Trust Company and M&T Bank,
National Association (the Banks). The Banks collectively offer a range of commercial banking, trust and
investment services to their customers. For 2003, M&T Bank represented 99% of consolidated assets of the
Company. In addition, the Company wholly owns M&T Life Insurance Company, a captive credit reinsurer,
which reinsures credit life and accident and health insurance purchased by the Company's consumer loan
customers. During 2003, the Company had consolidated total deposits of $33.1 billion.
For the six months ended 6/30/04, interest income rose 9% to $1.11 billion. Net interest income after
loan loss provision rose 18% to $803.1 million. Net income increased 37% to $343.9 million. Net interest
income reflects increased earning assets, and lower loan loss provisions. Earnings reflect higher trust
and service fee income.