M&T Bank Corp, the first large U.S. bank to report quarterly results, said on Thursday that third-quarter profit fell 5 percent, hurt by higher credit losses.

Net income for M&T, which counts Warren Buffett's Berkshire Hathaway Inc among its largest shareholders, fell to $199.2 million, or $1.83 per share, from $210.4 million, or $1.85, a year earlier.

M&T is based in Buffalo, New York.

(Reporting by Jonathan Stempel)