FNB earnings up for third quarter, M&T flat
A pair of out-of-town companies with a presence in the midstate announced third-quarter earnings this week.
First National Bank Corp. on Thursday reported $31.6 million in net income for the third quarter, or 22 cents per diluted share.
The Hermitage-based bank company increased on its second-quarter net income of $29.2 million, or 20 cents per diluted share. It also beat its third quarter from 2012, which was $30.7 million, but even with 22 cents per diluted share.
The actual 22-cent mark beat analyst projections by one penny, according to Yahoo Finance.
The company's third quarter included a branch opening on Linglestown Road in Lower Swatara Township.
The company trades on the New York Stock Exchange under the ticker symbol FNB.
Buffalo, N.Y.-based M&T Bank's third-quarter earnings for this year were nearly even with its third-quarter earnings in 2012.
The bank reported net income this week in the third quarter of $294.5 million, up about 0.3 percent from its profits in the same quarter last year. The net income comes out to $2.11 per diluted share, beating the analyst prediction of $2.08, according to Yahoo Finance.
Though third-quarter earnings were flat, the company has improved 25 percent for earnings for the first nine months of 2013 compared with the first nine months of 2012. So far this year, the bank reported net income of about $917 million compared with approximately $733 million over the same period last year.
M&T operates about 50 branches in Cumberland, Dauphin, Lancaster, Lebanon and York counties.
The company trades on the New York Stock Exchange under the ticker symbol MTB.