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M&T Bank Corporation Announces Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-06-20 15:27
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 Bank (MTB) Arm Partners with BXMT on Agency MF Lending
ZACKS· 2024-06-17 17:01
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 ...
M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2025 Earnings
Prnewswire· 2024-06-11 15:23
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 (MTB) Thrives on Organic Growth Amid Rising Costs
ZACKS· 2024-06-07 15:31
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 ...
M&T Bank (MTB) Announces a 4% Increase in Quarterly Dividend
zacks.com· 2024-05-22 18:06
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].
M&T Bank Corporation to Participate in the Morgan Stanley US Financials, Payments & CRE Conference
Prnewswire· 2024-05-22 15:43
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]
M&T Bank Corporation Announces Increased Common Stock Dividend
prnewswire.com· 2024-05-21 21:06
Investor Contact: Brian Klock (716) 842-5138 BUFFALO, N.Y., May 21, 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. This represents an increase of $.05 per share, or 4 percent, from the previous $1.30 per share dividend paid in the first quarter of 2024. The dividend will be payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024. About M&T M&T is a financial holdi ...
M&T Bank (MTB) Expands nCino Partnership for AI Credit Solution
zacks.com· 2024-05-17 17:15
M&T Bank Corporation (MTB) is expanding its utilization of the nCino platform and integrating the latter's continuous credit monitoring solution into its operations. MTB has been a long-standing customer of nCino. The company is now ramping up its use of nCino's Continuous Credit Monitoring Solution, powered by nIQ, which uses Rich Data Co's AI decisioning platform. This solution specializes in streamlining potential warnings and customer reviews and helps uncover new and lower-risk lending opportunities. A ...
M&T Bank Expands Use of nCino with Adoption of Continuous Credit Monitoring Solution Powered by Rich Data Co's Explainable AI Platform
Newsfilter· 2024-05-15 11:30
"Partnering with nCino and M&T Bank to bring this innovative solution to life has been a rewarding experience," said Julian Bloomfield, Chief Revenue Officer at RDC. "Our AI-driven platform forecasts future serviceability, enables deeper, more meaningful banker-customer interactions and greatly improves credit outcomes. This collaboration showcases the potential of joint efforts in enhancing efficiency and innovation in the banking industry, ensuring superior service delivery to customers." Through this col ...
These are the 20 biggest banks in the US
Yahoo Finance· 2024-05-10 17:32
Core Insights - The article discusses the largest banks in the US by consolidated asset size as of September 30, 2025, highlighting their product offerings and branch networks Bank Rankings - **Chase Bank** is the largest bank in the US with $3.8 trillion in assets, operating over 5,000 branches and 15,000 ATMs, offering a wide range of financial products [3] - **Bank of America** follows as the second-largest bank with $2.7 trillion in assets, providing various products for personal and business customers, and operates more than 3,600 branches and approximately 15,000 ATMs [3] - **Citibank** ranks third with $1.8 trillion in assets, operating 660 branches and over 2,300 ATMs, offering products such as deposit accounts and personal loans [4] - **Wells Fargo**, also with $1.8 trillion in assets, has been serving customers since 1852 and operates more than 4,100 branches and over 11,000 ATMs [4] - **U.S. Bank** is the fifth-largest bank with $680 billion in assets, operating more than 2,100 branches and offering a variety of banking products [5] - **Capital One** has $652 billion in assets, operates 258 branches, and offers a full suite of financial products [6][7] - **Goldman Sachs Bank** has $644 billion in assets, primarily known for its investment banking, operates two branches, and offers online banking services [8] - **PNC Bank** has $564 billion in assets, serving personal and business clients with over 2,300 branches [9] - **Truist Bank** has $536 billion in assets, operates nearly 2,000 branches, and offers a range of financial services [10] - **Bank of New York Mellon** has $367 billion in assets, primarily known for asset servicing and investment management, operating just one domestic branch [10] - **State Street Bank and Trust Company** has $366 billion in assets, serving as a global custodian bank with two domestic branches [11] - **TD Bank** has $351 billion in assets, serving over 10 million customers with 1,100 branches [12] - **Morgan Stanley Bank** has $250 billion in assets, providing financial services to individuals and institutions [13] - **BMO Bank** has $249 billion in assets, operating over 1,000 branches and offering various banking products [14] - **Morgan Stanley Private Bank** has $240 billion in assets, focusing on high-net-worth clients without any branches [16] - **First Citizens Bank** has $233 billion in assets, serving personal and business clients with about 500 branches [16] - **Citizens Bank** has $222 billion in assets, operating nearly 1,000 branches and offering a range of financial products [17] - **Fifth Third Bank** operates over 1,100 branches and has a network of more than 40,000 fee-free ATMs [18] - **American Express National Bank** has $211 billion in assets, focusing on high-yield savings accounts and personal loans [18] - **M&T Bank** also has $211 billion in assets, operating almost 1,000 branches and offering various banking services [19]