- Banks - Regional
- Financial Services
-
14.20
EPS
-
11.28
P/E
-
26.7B
MARKET CAP
-
3.28%
DIV YIELD
Company Overview
C/O CORPORATE REPORTING,BUFFALO NY 14203,7168425390
CEO
Mr. Rene F. Jones CPA
Employess
22110
Sector
Financial Services
Industry
Banks - Regional
Website
https://www3.mtb.com
M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
Next Earnings Date
Oct. 16, 2024
Ex Dividends date
Jun. 28, 2024
Dividend Date
June 3, 2024
YTD Performance
15.18%
Fiscal Year End
12-31
IPO Date
1980-03-17
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 7.51% | 9.65% | 16.43% | 16.85% |
EPS | 6.73% | 2.73% | 16.83% | 36.76% |
Equity | 9.08% | 11.76% | 18.53% | 6.47% |
Cash | 24.90% | 25.14% | 5.72% | 12.55% |
Return On Capital (ROIC) | 7.05% | 7.52% | 7.52% | 6.83% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 5,000 | 3,550 | 47 | 59.5 | 62.4 |
Long Term Debt | 8,200 | 3,960 | 3,490 | 4,380 | 6,990 |
LT Finance Leases | 555 | 560 | 329 | 362 | 387 |
Shares Outstanding | 166 | 163 | 129 | 129 | 134 |
Market Cap | 22,800 | 23,700 | 19,800 | 16,400 | 22,800 |
Price
News
M&T Bank Corporation to Participate in the Barclays Global Financial Services Conference
1 monthBUFFALO, N.Y. , Aug. 14, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Barclays Global Financial Services Conference being held in New York City.
prnewswire.comM&T Bank Names Lopa Kolluri as Head of Affordable Housing Lending
1 monthUpdates to M&T's Affordable Housing Platform Reinforce Bank's Commitment to its Clients and Communities NEW YORK , Aug. 12, 2024 /PRNewswire/ -- M&T Bank (NYSE: MTB) today announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank.
prnewswire.comCVS, MO, MTB: Stocks to Watch
2 monthsEquity markets are showing classic late cycle behavior, according to Dan Genter. He goes over his stock picks CVS Health (CVS), Altria (MO), M&T Bank (MTB).
youtube.com3 Overlooked Bank Stocks to Buy With Lower Interest Rates in 2025
2 monthsAs we speed through the second half of 2024, bank stocks remain an attractive opportunity for discerning investors. The banking industry is one of the more appealing sectors, given that tech stock valuations are at unsustainable levels.
investorplace.comM&T Bank: Strong Credit Recoveries Power A Better Q2 (Rating Upgrade)
2 monthsM&T Bank shares surged after solid Q2 earnings, as it saw surprising recoveries on delinquent trends. Recent credit trends are encouraging, with meaningful improvement in credit quality, though reserves do appear somewhat light. M&T reported a clean net interest income quarter, with ongoing loan growth and NIM accretion, but deposit growth is muted.
seekingalpha.comM&T Bank Analysts Boost Their Forecasts Following Upbeat Earnings
2 monthsM&T Bank Corporation MTB reported better-than-expected second-quarter financial results on Thursday.
benzinga.comM&T Bank Stock Rose Thursday. Here's Why.
2 monthsM&T Bank (MTB) shares finished Thursday higher after the bank beat expectations with its second-quarter results.
investopedia.comM&T Bank (MTB) Q2 Earnings Top Estimates, NII Drops Y/Y
2 monthsM&T Bank's (MTB) second-quarter 2024 results are aided by an increase in loan and deposit balance. A decline in NII on high funding costs was spoilsport.
zacks.comCompared to Estimates, M&T Bank (MTB) Q2 Earnings: A Look at Key Metrics
2 monthsAlthough the revenue and EPS for M&T Bank (MTB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.comM&T Bank Corporation (MTB) Q2 Earnings and Revenues Surpass Estimates
2 monthsM&T Bank Corporation (MTB) came out with quarterly earnings of $3.79 per share, beating the Zacks Consensus Estimate of $3.50 per share. This compares to earnings of $5.12 per share a year ago.
zacks.comM&T Bank Corporation (NYSE:MTB) announces second quarter 2024 results
2 monthsBUFFALO, N.Y. , July 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $655 million or $3.73 of diluted earnings per common share.
prnewswire.comWill Decent Loan Demand Aid M&T Bank's (MTB) Q2 Earnings?
2 monthsDecent growth in commercial and industrial loans as well as improved lending scenario are likely to support M&T Bank's (MTB) Q2 performance.
zacks.com