M&T Bank Corporation (MTB)
| Market Cap | 25.32B |
| Revenue (ttm) | 8.77B |
| Net Income (ttm) | 2.47B |
| Shares Out | 166.85M |
| EPS (ttm) | 14.79 |
| PE Ratio | 10.26 |
| Forward PE | 10.37 |
| Dividend | $5.40 (3.56%) |
| Ex-Dividend Date | Jun 3, 2024 |
| Volume | 790,325 |
| Open | 149.01 |
| Previous Close | 149.82 |
| Day's Range | 148.81 - 151.99 |
| 52-Week Range | 108.53 - 156.65 |
| Beta | 0.77 |
| Analysts | Buy |
| Price Target | 162.05 (+6.8%) |
| Earnings Date | Jul 18, 2024 |
About MTB
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secu... [Read more]
Financial Performance
In 2023, M&T Bank's revenue was $9.00 billion, an increase of 17.44% compared to the previous year's $7.66 billion. Earnings were $2.64 billion, an increase of 39.40%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MTB stock is "Buy." The 12-month stock price forecast is $162.05, which is an increase of 6.80% from the latest price.
News
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
M&T Bank Corporation Announces Preliminary Stress Capital Buffer
BUFFALO, N.Y. , June 28, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or the "Company") (NYSE: MTB) today announced the Federal Reserve Board has determined the Company's preliminary stress capita...
M&T Bank Corporation Announces Second Quarter 2024 Earnings Release and Conference Call
BUFFALO, N.Y. , June 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its second quarter 2024 earnings results in a press release that will be issued before the marke...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2025 Earnings
BUFFALO, N.Y. , June 11, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2025 quarterly financial results on the following...
M&T Bank Corporation to Participate in the Morgan Stanley US Financials, Payments & CRE Conference
BUFFALO, N.Y., May 22, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Morgan Stanley US Financials, Payments & CRE Conference being held in New York City.
M&T Bank Corporation Announces Increased Common Stock Dividend
BUFFALO, N.Y. , May 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock.
M&T's 2023 Sustainability Report Highlights Progress on Customer Solutions and Key Business Goals
BUFFALO, N.Y. , April 30, 2024 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) today released its 2023 Sustainability Report, Committed to our Communities.
M&T Bank Corporation to Participate in the Barclays Americas Select Franchise Conference
BUFFALO, N.Y., April 29, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Barclays Americas Select Franchise Conference being held in London.
M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium
BUFFALO, N.Y. , April 24, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium.
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
M&T Bank Corporation Announces Series H Preferred Stock Quarterly Dividend
BUFFALO, N.Y. , April 16, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floati...
M&T Bank Cuts Its Exposure to Commercial Real Estate Loans, and Stock Jumps
M&T Bank (MTB) shares rose in intraday trading Monday as the regional bank reduced its lending to the struggling commercial real estate market.
M&T Bank Corporation (NYSE:MTB) announces first quarter 2024 results
BUFFALO, N.Y. , April 15, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $531 million or $3.02 of diluted earnings per common share.
M&T Bank Launches Third Harrisburg Multicultural Small Business Lab
Seven-week business accelerator program to be held at Harrisburg University, beginning May 8 HARRISBURG, Pa. , April 4, 2024 /PRNewswire/ -- M&T Bank (NYSE: MTB) is seeking up to 45 entrepreneurs to p...
M&T Realty Capital Corporation Provides $414.83 Million for a Multifamily Housing Property in Brooklyn, New York
BALTIMORE, April 3, 2024 /PRNewswire/ -- M&T Realty Capital Corporation® is pleased to announce the closing of a $414,829,000 Freddie Mac conventional loan for Brooklyn Crossing, an 858-unit multifami...
Why S&P Cut Outlook for Five US Regional Banks With Heavy Commercial Real Estate Exposure
Five smaller U.S. banks with exposure to commercial real estate have been hit with credit-rating outlook downgrades, the latest development threatening to make borrowing more difficult for businesses ...
M&T Bank Appoints Sarah Knakmuhs as Chief Communications Officer
Knakmuhs to lead internal and external communications in newly created role BUFFALO, N.Y. , March 21, 2024 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) today announced that it has appointed Sarah ...
M&T Bank Corporation Announces First Quarter 2024 Earnings Release and Conference Call
BUFFALO, N.Y. , March 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its first quarter 2024 earnings results in a press release that will be issued before the marke...
In Annual Letter, M&T Bank Chairman and CEO René Jones Reflects on the Importance of Public Trust for Institutions, Industries, and Communities
BUFFALO, N.Y. , March 5, 2024 /PRNewswire/ -- M&T Bank (NYSE:MTB) Chairman and CEO René Jones has released his annual letter to shareholders, continuing a longstanding tradition of providing honest an...
Fears about office-space loans are ‘overblown,' Citi says
While commercial-real-estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to mitigate any impact to the system, Citi analysts sa...
M&T Bank Corporation Announces First Quarter Common Stock Dividend
BUFFALO, N.Y. , Feb. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.30 per share on its common stock.
M&T Bank Corporation to Participate in the RBC Financial Institutions Conference
BUFFALO, N.Y. , Feb. 16, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the RBC Financial Institutions Conference being held in New York City.
M&T CHARITABLE FOUNDATION ANNOUNCES $8.2 MILLION IN GRANTS TO 68 NONPROFITS ACROSS NEW ENGLAND, LONG ISLAND, AND ROCKLAND COUNTY, NY
Funding is Part of M&T's $25 Million Amplify Fund Commitment to Address Racial Equity and Social Justice Issues BUFFALO, N.Y. , Feb. 13, 2024 /PRNewswire/ -- The M&T Charitable Foundation, the philant...
M&T Realty Capital Corporation Announces Record Year of Senior Housing Lending Activity in 2023
Ranks #1 Fannie Mae DUS Producer for Seniors Housing and the #2 Freddie Mac Seniors Housing Lender for 2023 BALTIMORE , Feb. 12, 2024 /PRNewswire/ -- M&T Realty Capital Corporation (M&T RCC), a wholl...