M&T Bank Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter the company reported, interest income of $1,074,139,000 compared to $982,901,000 a year ago. Net interest income was $971,450,000 compared to $875,764,000 a year ago. Total other income was $484,053,000 compared to $465,459,000 a year ago. Income before income taxes was $628,690,000 compared to $510,120,000 a year ago. Net income was $322,403,000 compared to $330,571,000 a year ago. Net operating income was $326,664,000 or $2.04 per diluted net operating earnings per common share compared to $336,095,000 or $2.01 per diluted net operating earnings per common share a year ago. Net income available to common shareholders was $302,486,000 or $2.01 per basic and diluted share compared to $307,797,000 or $1.98 per basic and diluted share a year ago. Annualized return on average assets was 1.06% compared to 1.05% a year ago. Annualized return on average common equity was 8.03% compared to 8.13% a year ago.

For the year the company reported, interest income of $4,167,795,000 compared to $3,895,871,000 a year ago. Net interest income was $3,781,044,000 compared to $3,469,887,000 a year ago. Total other income was $1,851,143,000 compared to $1,825,996,000 a year ago. Income before income taxes was $2,323,862,000 compared to $2,058,398,000 a year ago. Net income was $1,408,306,000 compared to $1,315,114,000 a year ago. Net operating income was $1,427,331,000 or $8.82 per diluted net operating earnings per common share compared to $1,362,692,000 or $8.08 per diluted net operating earnings per common share a year ago. Net income available to common shareholders was $1,327,517,000 or $8.70 per diluted share compared to $1,223,481,000 or $7.78 per diluted share a year ago. Annualized return on average assets was 1.17% compared to 1.06% a year ago. Annualized return on average common equity was 8.87% compared to 8.16% a year ago.

For the fourth quarter, the company reported net charge-offs of loans were $27 million compared with $49 million and $25 million in the fourth quarter of 2016 and the third quarter of 2017, respectively.