M&T Bank reported a decrease in quarterly profit, attributed to lower interest income and increased provisions for credit losses. The bank's recent quarters have seen a rise in provisions due to deteriorating commercial loan performance, influenced by declines in commercial real estate values and higher interest rates. Despite these challenges, M&T Bank's Q1 2024 earnings met market expectations, leading to a notable increase in its stock price, which outperformed the S&P 500 on the day.