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M&T, National Penn, Penn National Gaming report earnings

By - Last modified: April 20, 2012 at 11:52 AM

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Two banks and a gaming company with midstate operations recently reported financial results for the first three months of 2012.

M&T Bank Corp. on Monday reported earnings of $206.4 million, or $1.50 per diluted share, for the quarter, compared with $206.3 million, or $1.59 per diluted share, in the first quarter of 2011.

Analysts had expected earnings of $1.48 per diluted share, according to Yahoo Finance.

M&T Bank is based inBuffalo,N.Y., and has more than 60 branches in the midstate. Its shares are traded on the New York Stock Exchange under the ticker symbol MTB.

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National Penn Bancshares Inc. of Boyertown today reported earnings of $25.3 million, or 17 cents per diluted share, for the quarter, compared with $15.6 million, or 10 cents per diluted share, in the first quarter of 2011.

Analysts had expected earnings of 14 cents per diluted share, according to Yahoo Finance.

National Penn is the parent company of National Penn Bank, which has six midstate branches. Its shares are traded on the Nasdaq under the ticker symbol NPBC.

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Penn National Gaming Inc. of Wyomissing on Thursday reported earnings of $78.6 million, or 74 cents per diluted share, for the quarter, compared with $51.5 million, or 48 cents per diluted share, in the first quarter of 2011.

Analysts had expected earnings of 60 cents per diluted share, according to Yahoo Finance.

Penn National Gaming operates casinos and racetracks in more than a dozen states and Canada, including Hollywood Casino at Penn National Race Course in DauphinCounty. Its shares are traded on the Nasdaq under the ticker symbol PENN.

Write to the Editorial Department at editorial@cpbj.com

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