Buffalo, N.Y.-based M&T Bank Corp., a financial institution with a major presence in the Baltimore region, announced Tuesday it experienced a 13 percent drop in net income for the first quarter of 2007, compared with the same period in 2006.
Falling from $203 million last year to $176 million this quarter, M&T also saw a 0.24 percent decrease in average assets and a 1.59 percent drop in stockholders? equity, a brief indicated.
Assets, however, grew by more than $2 billion, going from around $55.1 billion last year to $57.2 billion this quarter. ?
