DBRS: M&T Bank unchanged

DBRS, Inc. said the A (low) issuer and debt ratings for M&T Bank Corp. remain unchanged following the release of first-quarter results.

The trend is stable.

On a linked-quarter basis, M&T's earnings benefited from lower credit costs, solid loan growth and fee growth across many sources, the agency said.

Partially offsetting, first-quarter expenses reflected some seasonal compensation and benefits cost, the agency noted.

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