M&T Bank (MTB)
(Delayed Data from NYSE)
$179.56 USD
-0.30 (-0.17%)
Updated Sep 20, 2024 04:00 PM ET
After-Market: $179.57 +0.01 (0.01%) 7:58 PM ET
3-Hold of 5 3
B Value F Growth D Momentum D VGM
Company Summary
Headquartered in Buffalo, N.Y. and founded in 1969, M&T Bank Corporation operates in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia through more than 961 domestic banking offices. Effective fourth-quarter 2023, the company realigned its business operations into the following three reportable segments:
The Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products and cash management services to middle-market and large commercial customers. Commercial real estate segment’s activities include the origination, sales and servicing of commercial real ...
Company Summary
Headquartered in Buffalo, N.Y. and founded in 1969, M&T Bank Corporation operates in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia through more than 961 domestic banking offices. Effective fourth-quarter 2023, the company realigned its business operations into the following three reportable segments:
The Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products and cash management services to middle-market and large commercial customers. Commercial real estate segment’s activities include the origination, sales and servicing of commercial real estate loans through the Fannie Mae DUS program and other programs.
The Retail Banking segment offers various services to consumers through several delivery channels and certain deposit products through the delivery channels of Wilmington Trust, N.A. Credit services offered by the segment include consumer installment loans, automobile loans, home equity loans and lines of credit and credit cards.
The Institutional Services and Wealth Management segment offers trustee, agency, investment management and administrative services for corporations, institutions, investment bankers and corporate executives. It also provides personal trust, planning, fiduciary, asset management, family office and other services to help high net worth individuals and families grow, preserve and transfer wealth.
The ‘All Other’ category reflects other activities of the company that are not directly attributable to the reported segments.
In 2023, the company divested Collective Investment Trust (CIT) business to a private equity firm. In 2022, M&T Bank completed the acquisition of People's United for an all-stock deal valued at $8.3 billion. In 2015, M&T Bank closed its merger with Hudson City Bancorp in a $5.3-billion cash-and-stock deal.
As of Jun 30, 2024, M&T Bank had $208.9 billion of assets, $132.8 billion of loans and leases, net of unearned discount, $159.9 billion of deposits and $28.42 billion of total shareholders' equity.
General Information
M&T Bank Corporation
ONE M&T PLAZA 5TH FLOOR
BUFFALO, NY 14203
Phone: 716-635-4000
Fax: 716-842-5021
Web: http://www3.mtb.com
Email: ir@mtb.com
Industry | Banks - Major Regional |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Earnings Date | 10/17/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 3.62 |
Current Year EPS Consensus Estimate | 14.23 |
Estimated Long-Term EPS Growth Rate | 3.50 |
Earnings Date | 10/17/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 179.86 |
52 Week High | 180.25 |
52 Week Low | 108.53 |
Beta | 0.76 |
20 Day Moving Average | 986,772.81 |
Target Price Consensus | 184.60 |
4 Week | 6.45 |
12 Week | 18.63 |
YTD | 30.99 |
4 Week | 5.18 |
12 Week | 13.60 |
YTD | 9.56 |
Shares Outstanding (millions) | 166.85 |
Market Capitalization (millions) | 29,960.38 |
Short Ratio | NA |
Last Split Date | 10/6/2000 |
Dividend Yield | 3.01% |
Annual Dividend | $5.40 |
Payout Ratio | 0.39 |
Change in Payout Ratio | 0.04 |
Last Dividend Payout / Amount | 9/3/2024 / $1.35 |
Fundamental Ratios
P/E (F1) | 12.62 |
Trailing 12 Months | 13.07 |
PEG Ratio | 3.59 |
vs. Previous Year | -25.98% |
vs. Previous Quarter | 22.65% |
vs. Previous Year | 1.63% |
vs. Previous Quarter | 1.44% |
Price/Book | 1.17 |
Price/Cash Flow | 9.07 |
Price / Sales | 2.27 |
6/30/24 | 9.62 |
3/31/24 | 10.68 |
12/31/23 | 11.40 |
6/30/24 | 1.14 |
3/31/24 | 1.25 |
12/31/23 | 1.34 |
6/30/24 | 1.00 |
3/31/24 | 1.00 |
12/31/23 | 0.99 |
6/30/24 | 1.00 |
3/31/24 | 1.00 |
12/31/23 | 0.99 |
6/30/24 | 18.19 |
3/31/24 | 19.89 |
12/31/23 | 21.88 |
6/30/24 | 17.84 |
3/31/24 | 19.52 |
12/31/23 | 21.49 |
6/30/24 | 23.10 |
3/31/24 | 25.50 |
12/31/23 | 28.38 |
6/30/24 | 153.91 |
3/31/24 | 150.99 |
12/31/23 | 150.31 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.44 |
3/31/24 | 0.46 |
12/31/23 | 0.33 |
6/30/24 | 28.48 |
3/31/24 | 29.65 |
12/31/23 | 23.33 |