M&T Bank Corporation reported consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net income of $245,722,000 compared with $296,193,000 for the same period last year. Net income available to common shareholders was $227,449,000 or $1.74 diluted per share compared with $276,605,000 or $2.16 diluted per share for the same period last year. Net operating income was $252,097,000 compared to $304,657,000 a year ago. Return on average total assets was 1.14% compared with 1.45% for the same period last year. Return on average common shareholders' equity was 8.93% compared with 12.10% for the same period last year. Return on average tangible assets was 1.22% compared with 1.56% for the same period last year. Return on Average tangible common equity was 14.12% compared with 20.46% for the same period last year.

For the year, the company reported net income of $1,162,780,000 compared with $1,029,498,000 for the same period last year. Net income available to common shareholders was $1,086,481,000,000 or $8.38 diluted per share compared with $953,429,000 or $7.54 diluted per share for the same period last year. Net operating income was $1,198,935,000 compared to $1,072,510,000 a year ago. Return on average total assets was 1.39% compared with 1.29% for the same period last year. Return on average common shareholders' equity was 11.18% compared with 10.96% for the same period last year. Return on average tangible assets was 1.50% compared with 1.40% for the same period last year. Return on average tangible common equity was 18.17% compared with 19.42% for the same period last year.