M&T Bank Corporation (MTB)

NYSE: MTB · IEX Real-Time Price · USD
120.52
-1.88 (-1.54%)
Mar 30, 2023, 11:21 AM EDT - Market open
-1.54%
Market Cap 20.26B
Revenue (ttm) 7.66B
Net Income (ttm) 1.89B
Shares Out 168.04M
EPS (ttm) 11.53
PE Ratio 10.69
Forward PE 7.26
Dividend $4.90 (4.07%)
Ex-Dividend Date Mar 3, 2023
Volume 768,005
Open 123.92
Previous Close 122.40
Day's Range 120.20 - 124.04
52-Week Range 110.00 - 193.42
Beta 0.81
Analysts Buy
Price Target 177.87 (+47.59%)
Earnings Date Apr 17, 2023

About MTB

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 loa... [Read more]

Sector Financials
Founded 1856
Employees 22,879
Stock Exchange NYSE
Ticker Symbol MTB
Full Company Profile

Financial Performance

In 2022, M&T Bank's revenue was $7.66 billion, an increase of 26.29% compared to the previous year's $6.07 billion. Earnings were $1.89 billion, an increase of 6.44%.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for MTB stock is "Buy." The 12-month stock price forecast is $177.87, which is an increase of 47.59% from the latest price.

Price Target
$177.87
(47.59% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Historically High-Yielding Bank Stocks Gurus Like

A new year comes with new challenges. On top of the existing uncertainty related to inflation, interest rates and geopolitical turmoil, the recent collapse of SVB Financial Group's ( SIVBQ , Financial...

Other symbols: DCOMFFICNKSHSFNC
18 hours ago - GuruFocus

M&T Bank: A Return to a Much Higher Value May Be Coming

I've noticed some analysts pointing to similarities between 2008 and the current banking crisis. Despite yesterday's news that First Citizens BancShares ( FCNCA , Financial) is buying part of Silicon ...

1 day ago - GuruFocus

Two Bank Stocks for Bulls After the Panic, Says Citi

Citi analyst Keith Horowitz upgraded both KeyCorp and M&T Bank to Buy from Neutral, as the banking sector tries to comeback from a rough couple of weeks.

Other symbols: KEY
3 days ago - Barrons

M&T Increases Prime Rate

BUFFALO, N.Y. , March 22, 2023 /PRNewswire/ -- Effective Thursday, March 23, 2023, M&T Bank (NYSE:MTB) will increase its prime lending rate from 7.75% to 8.00%.

1 week ago - PRNewsWire

There are better sectors than financials right now, says Hennessy Funds' David Ellison

David Ellison, Hennessy Funds portfolio manager, and Michael Vogelzang, Captrust CIO, join 'The Exchange' to discuss the regional bank trade.

Other symbols: CFGKRENYCB
1 week ago - CNBC Television

M&T Bank Corporation Announces First Quarter 2023 Earnings Release and Conference Call

BUFFALO, N.Y. , March 20, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) plans to announce its first quarter 2023 earnings results in a press release that will be issued before the mark...

1 week ago - PRNewsWire

Financial institutions get together to generate $20 billion in support for First Republic

CNBC's David Faber joins 'The Exchange' to discuss plans for a bank consortium deposit, the market response to assistance for First Republic and whether there's government aid headed there.

1 week ago - CNBC Television

UBS analyst Erika Najarian breaks down regional banks

Erika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss her thoughts about regional bank stocks as they continue to be punished.

1 week ago - CNBC Television

Regional banks might be more reluctant with lending following the SVB collapse: CFRA's Sam Stovall

Sam Stovall, CFRA Research chief investment strategist, joins 'Power Lunch' to discuss regional banks suffering following the Silicon Valley Bank collapse, the market response to SVB's crisis, and inv...

Other symbols: CFGPNCTFC
2 weeks ago - CNBC Television

Depositor protection still lacks codification, says NYT's Kate Kelly

Hugh Son, banking reporter for CNBC.com, and Kate Kelly, a reporter with The New York Times, join 'Power Lunch' to discuss the run on regional banks, the difference between Silicon Valley Bank's colla...

Other symbols: CFGPNCTFC
2 weeks ago - CNBC Television

M&T Bank Announces Harlem Small Business Innovation Lab in Partnership with Carver Federal Savings Bank

The six-week program is designed to help empower, develop, and uplift multicultural business owners, will culminate in pitch competition HARLEM, N.Y., Feb. 28, 2023 /PRNewswire/ -- M&T Bank's Harlem M...

Other symbols: CARV
1 month ago - PRNewsWire

Loan Growth Supports M&T Bank (MTB) Despite Rising Costs

M&T Bank's (MTB) top line gets support from increasing loans and deposit balances from acquisitions. However, continued cost increases and deteriorating credit quality are concerning.

1 month ago - Zacks Investment Research

M&T Bank (MTB) Announces 8.3% Increase in Quarterly Dividend

M&T Bank (MTB) announces a hike of 8.3% in its quarterly cash dividend. This, along with share repurchases and strategic buyouts, will continue to enhance shareholder value.

1 month ago - Zacks Investment Research

M&T Bank Corporation to Participate in the RBC Capital Markets Global Financial Institutions Conference

BUFFALO, N.Y. , Feb. 23, 2023 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB)("M&T") will participate in the RBC Capital Markets Global Financial Institutions Conference being held in New York City.

1 month ago - PRNewsWire

M&T Bank Corporation Announces Increased Common Stock Dividend

BUFFALO, N.Y. , Feb. 22, 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.

1 month ago - PRNewsWire

M&T Bank Recognized for Its Strong Relationships with Small-Business Customers

Latest Coalition Greenwich survey highlights bank's commitment to help small employers BUFFALO, N.Y. , Feb. 15, 2023 /PRNewswire/ -- For the second consecutive year, M&T Bank (NYSE:MTB) has been recog...

1 month ago - PRNewsWire

M&T Bank (MTB) Q4 Earnings Beat Estimates on Higher Revenues

Increase in revenues, solid loan and deposit balance and higher rates support M&T Bank's (MTB) Q4 earnings, while higher provisions and expenses pose as undermining factors.

2 months ago - Zacks Investment Research

M&T Bank Corporation (MTB) Q4 Earnings and Revenues Beat Estimates

M&T Bank Corporation (MTB) delivered earnings and revenue surprises of 2.24% and 5.99%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

M&T BANK CORPORATION ANNOUNCES FOURTH QUARTER AND FULL-YEAR RESULTS

BUFFALO, N.Y. , Jan. 19, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the full year and quarter ended December 31, 2022.

2 months ago - PRNewsWire

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

BUFFALO, N.Y. , Jan. 18, 2023 /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...

2 months ago - PRNewsWire

M&T Bank Corporation Elects Carlton J. Charles to Board of Directors

BUFFALO, N.Y. , Jan. 18, 2023 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) ("M&T") announced today the election of Carlton J.

2 months ago - PRNewsWire

M&T Bank Corporation (MTB) Reports Next Week: Wall Street Expects Earnings Growth

M&T Bank Corporation (MTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

3 Best Performing S&P 500 Bank Stocks of 2022

Despite a challenging operating backdrop in 2022, the S&P 500 banks - Regions (RF), M&T Bank (MTB) and Huntington (HBAN) - remain on investors' radar on strong fundamentals and prospects.

Other symbols: HBANRF
3 months ago - Zacks Investment Research

M&T Bank Corporation Announces Fourth Quarter & Full-Year 2022 Earnings Release and Conference Call

BUFFALO, N.Y. , Dec. 21, 2022 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) plans to announce its fourth quarter and full-year 2022 earnings results in a press release that will be issued b...

3 months ago - PRNewsWire

M&T Bank's (MTB) Subsidiary to Sell CIT Business to Madison

M&T Bank's (MTB) subsidiary, Wilmington Trust, agrees to sell its collective investment trust business to Madison.

3 months ago - Zacks Investment Research