UPDATE 1-M&T Bank Q3 profit rises, stock up

* EPS 97 cents vs 82 year earlier

* Shares rise 3.7 pct in premarket activity

NEW YORK, Oct 20 (Reuters) - M&T Bank Corp (MTB.N), a large U.S. mid-Atlantic regional bank, reported a higher quarterly profit on Tuesday, helped by acquisitions and lower interest rates for borrowing and deposits, sending its shares up almost 4 percent.

The bank posted third-quarter net income applicable to common shareholders of $113.9 million, or 97 cents per share, up from $91.2 million, or 82 cents per share, a year earlier.

M&T, which is based in Buffalo, New York, acquired Bradford Bank in the third quarter, following the buyout of Provident Bankshares Corp in the second quarter.

M&T, in which Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) holds a 6 percent stake, is faring better than many regional banks in navigating the nation's credit crisis. Its shares rose 3.7 percent to $68.75 in premarket trading. (Reporting by Juan Lagorio; Editing by Ted Kerr)