Core Viewpoint - M&T Bank Corporation (MTB) is expected to report a decline in both revenues and earnings for the second quarter of 2024, with earnings estimated at $3.53, reflecting a 31.1% decrease year-over-year [1][3]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for MTB's second-quarter earnings is $3.53, indicating a 31.1% decline from the previous year [3]. - The consensus estimate for revenues is pegged at $2.27 billion, suggesting a fall of 12.8% from the prior-year reported level [13]. - Quarterly earnings have surpassed consensus estimates in two of the last four quarters, with an average earnings surprise of 0.66% [2]. Group 2: Loan and Interest Income - Demand for commercial and industrial loans, as well as commercial real estate loans, was decent in Q2 2024, supported by the Federal Reserve's high interest rate environment [5]. - The Zacks Consensus Estimate for average interest-earning assets is $193.6 billion, indicating a marginal increase from the prior quarter [6]. - Management projects net interest income (NII) of $1.70 billion, reflecting a 2.6% decline from the previous quarter [7]. Group 3: Expenses and Fee Income - Company expenses are rising due to investments in strengthening franchises, with management expecting expenses between $1.29 billion and $1.31 billion [9]. - The consensus estimate for brokerage services income is $28 million, suggesting a marginal decline from the first quarter of 2024 [8]. - The consensus estimate for non-interest income is $580 million, while management expects it to be $570 million [18]. Group 4: Mortgage Banking and Refinancing - Mortgage rates declined slightly, with the 30-year fixed mortgage rate falling to 6.7% in June, which may have led to a modest rise in refinancing activities [7][23]. - The Zacks Consensus Estimate for mortgage banking is pegged at $108 million, indicating a 3.8% increase from the prior quarter [17]. Group 5: Overall Performance Outlook - The combination of a positive Earnings ESP of +0.31% and a Zacks Rank of 3 suggests that the company may experience an earnings beat this quarter [19][25]. - The inverted yield curve and high funding costs are expected to negatively impact NII expansion [15].

M&T Bank Corporation (MTB) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price ch ...

The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%. "The results of this year's stress test reflect the strength of the company's core earnings power, capital, and ongoing risk management work, including the reduction in the commercial real estate concentration," said Daryl Bible, M&T's Chief Financial Officer. "This strong capital position supports organic growth, as well as growth in new c ...

Kin 110 1 I 18 I Conclusion May 2024 Investor Presentation MTB provides its customers with a wide range of retail and commercial banking, trust and wealth management, and investment services. It has grown through the strategic acquisition of banks and thrift institutions. It has made 24 successful integrations since 1987, with the most recent being the acquisition of People's United Financial in 2022 to create a $200 billion banking franchise. This was also MTB's largest acquisition to date, bringing in $64 ...

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 market opens on Thursday, July 18, 2024. Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. The conference call and webcast may contain forward-looking statements and other material information. Domestic callers wishing to participate in the call m ...

M&T Realty Capital is a full-service mortgage banking corporation that specializes in offering competitive financing for income-producing commercial properties across the United States. As a division of M&T Bank, M&T Realty Capital provides extensive capabilities while maintaining a personal, attentive and trustworthy approach. BXMT is a provider of floating-rate first mortgage financing, with extensive experience in the multifamily loan industry. This collaboration will broaden the company's access to agen ...

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 dates: First quarter 2025 – Monday, April 14, 2025, at 8:00 a.m. (ET) Second quarter 2025 – Monday, July 21, 2025, at 8:00 a.m. (ET) Third quarter 2025 – Wednesday, October 22, 2025, at 8:00 a.m. (ET) Fourth quarter 2025 – Wednesday, January 21, 2026, at 8:00 a.m. (ET) M&T will issue a detailed announcement pri ...

M&T Bank Corporation (MTB) continues to benefit from solid top-line growth, strategic acquisitions, and rising loan and deposit balances. However, increasing expenses and deteriorating credit quality are major concerns. M&T Bank maintains steady capital distribution activities. In May 2024, the company hiked its quarterly dividends by 4% to $1.35 per share, following an 8.3% increase in February 2023. MTB currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 9.5% over the past six mont ...

Core Viewpoint - M&T Bank Corporation (MTB) has announced a 4% increase in its quarterly cash dividend to $1.35 per share, reflecting a commitment to returning value to shareholders while maintaining adequate earnings for growth initiatives [1][2]. Dividend and Payout - The new dividend will be paid on June 28 to shareholders of record as of June 3 [1]. - MTB's current dividend yield is 3.52%, based on a closing price of $153.38 on May 21, with a payout ratio of 35% of earnings [2]. Share Repurchase Program - MTB has a share repurchase program authorized for $3 billion, having repurchased 3.8 million shares for $600 million in 2023 [3]. - As of March 31, 2024, there is $1.2 billion remaining in the repurchase authorization, but management has paused repurchase activities due to uncertainty regarding new capital rules [3]. Liquidity Position - As of March 31, 2024, MTB reported total cash and due from banks of $33.83 billion against total debt of $16.24 billion, indicating a strong liquidity position that supports ongoing capital distribution activities [4]. - Over the past six months, MTB's shares have increased by 22.6%, compared to the industry's growth of 29.3% [4].

Group 1 - M&T Bank Corporation will participate in the Morgan Stanley US Financials, Payments & CRE Conference in New York City on June 12, 2024, at 9:30 a.m. (ET) [1] - A webcast of the presentation will be available, which may contain material and forward-looking information [2] - M&T Bank Corporation is headquartered in Buffalo, New York, and provides banking products and services across 12 states from Maine to Virginia and Washington, D.C. [3]