M&T Bank Corp. (MTB) reported a fourth-quarter profit of $718 million, or $4.67 per share, beating analysts’ estimates of $4.47 per share. This is an increase from last year’s earnings of $644 million, or $3.86 per share. The lender also saw a rise in net interest income to $1.779 billion and noninterest income to $696 million. Loans increased to $137.600 billion and deposits rose to $165.057 billion. MTB stock was up by 3.21% in pre-market trading on the NYSE.

Read more at NASDAQ.: M&T Bank Corp. Q4 Profit Increases, Beats Estimates