M&T Bank extends strategic partnership with Ravens M&T Bank and the Baltimore Ravens announced a 10-year, $60M extension of their partnership, which includes the continuation of naming rights to M&T Bank Stadium and an array of community-focused programs, including a new initiative focused on helping at-risk children in Baltimore. The partnership, which began as a 15-year agreement in 2003 and is now extended through 2027, has proven to reach far beyond the stadium and into the community through a range of joint initiatives.
M&T Bank reports Q2 EPS $1.98 with items, consensus $1.98 Q2 EPS includes an after-tax gain of approximately $23M and $40M of tax-deductible cash contributions which lowered EPS by 1c. Reports Q2 loan loss provision $30M vs. $30M a year ago. Reports Q2 net charge-offs $21M vs. $29M a year ago.