M&T Bank Corporation (MTB)

NYSE: MTB · IEX Real-Time Price · USD
134.56
-0.62 (-0.46%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-0.46%
Market Cap 22.42B
Revenue (ttm) 9.00B
Net Income (ttm) 2.64B
Shares Out 166.62M
EPS (ttm) 15.79
PE Ratio 8.52
Forward PE 9.56
Dividend $5.20 (3.86%)
Ex-Dividend Date Mar 1, 2024
Volume 1,428,431
Open 133.08
Previous Close 135.18
Day's Range 133.08 - 135.33
52-Week Range 108.53 - 148.23
Beta 0.78
Analysts Buy
Price Target 156.58 (+16.36%)
Earnings Date Apr 15, 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]

Sector Financials
Founded 1856
Employees 22,223
Stock Exchange NYSE
Ticker Symbol MTB
Full Company Profile

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 Statements

Analyst Forecast

According to 16 analysts, the average rating for MTB stock is "Buy." The 12-month stock price forecast is $156.58, which is an increase of 16.36% from the latest price.

Price Target
$156.58
(16.36% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

10 days ago - PRNewsWire

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...

11 days ago - PRNewsWire

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 ...

Other symbols: FCFSNVTRMKVLY
18 days ago - Investopedia

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 ...

24 days ago - PRNewsWire

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...

27 days ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

Other symbols: BPOPCFGCMAFHNKEYNYCB
7 weeks ago - Market Watch

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.

7 weeks ago - PRNewsWire

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

New York Community Bank Was an ‘Outlier.' Bank Stocks to Buy on the Dip.

Citigroup analyst Keith Horowitz upgraded Citizens Financial Group to Buy from Hold, and reiterated a Buy rating on M&T Bank.

Other symbols: CFG
2 months ago - Barrons

Regional Bank Stocks Stabilize After Two-Day Selloff. NY Community Bancorp Is Up.

Regional bank stocks looked to stabilize early Friday following a two-day selloff after New York Community Bancorp's surprise loss and drastic reserve increase.

Other symbols: NYCBKREWALZION
2 months ago - Barrons

Regional Bank Stock Sell-Off Sparked By Commercial Real Estate Loan Fears

Regional U.S. banking stocks slipped sharply on Thursday as a surprise quarterly loss posted by New York Community Bancorp (NYCB) sparked fears that commercial real estate loans (CRE) pose broader ris...

Other symbols: EWBCNYCBVLYWALZION
2 months ago - Investopedia

M&T Realty Capital Corporation Appoints New CEO and Announces Other Organizational Changes

National Production Managers and Life Company Platform Manager are Among Other Key Appointments Driving the Next Phase of Business Growth BALTIMORE , Jan. 23, 2024 /PRNewswire/ -- M&T Realty Capital C...

2 months ago - PRNewsWire

Not all regional banks are created equal, says Jim Cramer

'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.

3 months ago - CNBC Television

M&T Bank's profit plunges on FDIC fee-related expense, costly deposits

M&T Bank's fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund

3 months ago - Reuters

M&T Bank Corporation Announces Series H Preferred Stock Quarterly Dividend

BUFFALO, N.Y. , Jan. 17, 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-Floatin...

3 months ago - PRNewsWire

M&T Bank Corporation Announces Fourth Quarter & Full-Year 2023 Earnings Release and Conference Call

BUFFALO, N.Y. , Dec. 21, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its fourth quarter and full-year 2023 earnings results in a press release that will be issued be...

4 months ago - PRNewsWire

M&T Bank Corporation to Participate in the Goldman Sachs US Financial Services Conference

BUFFALO, N.Y. , Nov. 21, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Goldman Sachs US Financial Services Conference being held in New York City.

5 months ago - PRNewsWire

M&T Bank Gives $100,000 to Five Charities in Maine to Support Lewiston Recovery Efforts

PORTLAND, Maine , Nov. 15, 2023 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), announced today that it has committed $100,000 to five separate charities ...

5 months ago - PRNewsWire

M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend

BUFFALO, N.Y. , Nov. 14, 2023 /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.

5 months ago - PRNewsWire

M&T Bank Corporation to Participate in the BancAnalysts Association of Boston Conference

BUFFALO, N.Y. , Oct. 25, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the BancAnalysts Association of Boston Conference being held in Boston, MA.

6 months ago - PRNewsWire

M&T Bank Corporation (NYSE:MTB) announces third quarter 2023 results

BUFFALO, N.Y. , Oct. 18, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports net income of $690 million or $3.98 of diluted earnings per common share.

6 months ago - PRNewsWire

M&T Ranks No. 6 Among SBA Lenders Following Record-Breaking Year

Bank continues to lead small-business lending in Buffalo/Rochester, Baltimore, Delaware, Syracuse and Washington, D.C.; jumps to top spot in Connecticut during fiscal year 2023 BUFFALO, N.Y.

6 months ago - PRNewsWire