Core Viewpoint - M&T Bank Corporation (MTB) is expected to report a year-over-year increase in quarterly revenues and earnings for the fourth quarter of 2024, with results scheduled for January 16, 2024 [1]. Group 1: Financial Performance Expectations - The company is projected to have average loans of $135.5 billion in Q4 2024, up from $132.7 billion in Q4 2023, driven by growth in commercial and consumer loans, despite a decline in commercial real estate loans [5]. - The Zacks Consensus Estimate for average interest-earning assets is $192.5 billion, reflecting a 1% increase from the previous year [6]. - Management anticipates non-interest income (NII) to be approximately $1.73 billion for Q4 2024, slightly higher than the $1.72 billion reported in the same quarter last year [8]. Group 2: Revenue Drivers - The average total deposits are expected to reach $164 billion, compared to $162 billion in Q4 2023, which is likely to enhance revenues from service charges on deposit accounts [9]. - The consensus estimate for mortgage banking income is $108.1 million, indicating a 3.5% decline from the previous year [11]. - Trust income is estimated to be $174 million, reflecting a 9.4% increase from Q4 2023 [12]. Group 3: Expense Projections - Company expenses are projected to be between $1.31 billion and $1.33 billion for Q4 2024, as the company continues to invest in strengthening its franchises [14]. Group 4: Earnings Estimates - The Zacks Consensus Estimate for MTB's Q4 earnings is $3.70 per share, which represents a 31.7% increase from the year-ago figure [16]. - The consensus estimate for revenues is $2.33 billion, implying a rise of 1.4% from the prior-year level [16].

Wall Street analysts expect M&T Bank Corporation (MTB) to post quarterly earnings of $3.70 per share in its upcoming report, which indicates a year-over-year increase of 31.7%. Revenues are expected to be $2.33 billion, up 1.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.P ...

Core Viewpoint - M&T Bank Corporation (MTB) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for January 16, 2025, with a consensus estimate of $3.71 per share, reflecting a +32% year-over-year change. Revenues are projected to be $2.33 billion, up 1.3% from the previous year [3]. - The consensus EPS estimate has been revised 0.44% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent analyst revisions may provide more accurate insights into expected earnings [5][6]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, with historical data showing a nearly 70% success rate for this combination [8]. Current Analyst Sentiment - For M&T Bank, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.05%. The stock currently holds a Zacks Rank of 3, complicating predictions of an earnings beat [10][11]. - Historically, M&T Bank has beaten consensus EPS estimates two out of the last four quarters, with a notable surprise of +13.33% in the last reported quarter [12][13]. Conclusion - While M&T Bank does not appear to be a compelling earnings-beat candidate, investors should consider other factors influencing stock performance ahead of the earnings release [16].

BUFFALO, N.Y., Jan. 6, 2025 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) today announced the appointment of Krista Phillips as its first Chief Customer Officer.In this newly created role, Phillips will lead and unify M&T's customer experience, marketing, and analytics teams, enhancing the bank's ability to offer outstanding experiences in a rapidly evolving industry. Leveraging data and unique insights, she and her team will address a comprehensive range of customer needs and ensure consistent brand deli ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering M&T Bank Corporation (MTB) , which belongs to the Zacks Banks - Major Regional industry.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 10.81%.For the most recent quarter, M&T Bank was expected to post earnings of $3.6 ...

BUFFALO, N.Y., Dec. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its fourth quarter and full-year 2024 earnings results in a press release that will be issued before the market opens on Thursday, January 16, 2025.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 participat ...

BUFFALO, N.Y., Dec. 18, 2024 /PRNewswire/ -- Effective Thursday, December 19, 2024, M&T Bank Corporation ("M&T") (NYSE:MTB) will decrease its prime lending rate from 7.75% to 7.50%. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select ma ...

BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m. (ET) Second quarter 2026 – Wednesday, July 15, 2026, at 8:00 a.m. (ET) Third quarter 2026 – Friday, October 16, 2026, at 8:00 a.m. (ET) Fourth quarter 2026 – Tuesday, January 19, 2027, at 8:00 a.m. (ET)M&T also announced revised dates to host c ...

BUFFALO, N.Y., Nov. 19, 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. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024.About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network ...

BUFFALO, N.Y., Nov. 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Goldman Sachs Financial Services Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on December 11, 2024, at 8:40 a.m. (ET).A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regard ...