Trust and investment services are helping to buoy M&T Bank’s sagging residential and commercial mortgage banking revenues, the parent of the Buffalo, N.Y.-based bank announced Thursday.

In the third quarter of 2013, trust services generated $123.8 million in revenue, up 7% year-over-year. Meanwhile, income from brokerage services swelled 20% to $16.9 million from $14.1 million. Overall, non-interest income (excluding gains from loan securitization activities and gains and losses from investment securities) was off 7%, falling to $421 million from $451 million in the third-quarter of 2012.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access