M&T Bank announced that its second quarter net interest income was below analysts' average expectations.

Operating earnings per share: $4.28, expected $4.00. Net interest income calculated on a full-time equivalent basis: $17.2 billion, expected $17.5 billion. Net interest income: $17.1 billion, expected $17.5 billion. Net interest margin: 3.62%, expected 3.69%. Non-interest income: $6.83 billion, expected $6.422 billion. Provision for credit losses: $1.25 billion, expected $1.455 billion. Net charge-offs: $1.08 billion, expected $1.292 billion. Average return on common equity: 10.4%, expected 9.81%. Tier 1 capital adequacy ratio: 11%, expected 11.3%. Efficiency ratio: 55.2%. End-of-period deposits: $164.45 billion, expected $165.24 billion. Cash and due from banks: $2.13 billion, expected $2.08 billion.