Hudson City Savings Bank: Early returns show M&T acquisition of Hudson City paying dividends

It took quite a while for M&T Bank Corp. to complete the purchase of Hudson City Bancorp Inc. in New Jersey, but now that the acquisition is done, the results are paying off. The Buffalo-based bank reported Monday an increase of 26 percent in first-quarter net income available to common shareholders - rising from $218.8 million a year ago to $275.7 million at the end of March. Earnings per share were $1.73, up from $1.65 per share a year ago. Wall Street analysts had estimated earnings per share...