M&T Bank Corp.'s fourth-quarter earnings rose 34%, beating analysts' estimates, as the company's loan-loss provisions fell and it saw total deposits increase.

M&T, which operates throughout the Northeast and mid-Atlantic, has seen relative stability throughout the financial crisis as it pushed its community-banking model and made acquisitions. A longtime Warren Buffett pick, the bank has a stronger balance sheet than some of its regional-bank rivals, although it took $600 million from the U.S. Treasury's Troubled Asset Relief Program.

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