M&T Bank sees ‘modest’ increase in average loans in Q2 versus Q1

M&T Bank, in conference presentation slides, sees a “modest” increase in average loans in Q2 from Q1, with growth in consumer portfolios offset by a lower commercial real estate balance. The bank sees an increase in average deposits from Q1, driven by higher customer deposits. M&T highlighted “quarterly strength across trust income, service charges, residential and commercial mortgage banking and other noninterest income.” The bank’s net charge-offs are “expected to be lumpy” quarter-to-quarter.