BUFFALO, N.Y., Feb. 6, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the RBC Financial Institutions Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on March 5, 2025, at 1:20 p.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 regarding such fo ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...

Mike Todaro, M&T's Current Chief Risk Officer, to Retire in Q1 2025BUFFALO, N.Y., Jan. 27, 2025 /PRNewswire/ -- M&T Bank (NYSE:MTB) is pleased to announce the appointment of Neeraj Singh as the bank's next Chief Risk Officer (CRO) effective January 31, 2025. Singh will succeed M&T's current CRO, Mike Todaro, whose long-planned retirement was recently announced. Singh joins M&T Bank from USAA, where he served as the Chief Risk Officer and a member of the executive council responsible for overseeing all finan ...

Core Viewpoint - M&T Bank Corporation has authorized a new share repurchase program to buy back up to $4.0 billion of its common stock, replacing the previous $3.0 billion program from July 2022 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows M&T to repurchase shares on the open market or through privately negotiated transactions [1]. - The previous $3.0 billion share repurchase program is terminated effective January 22, 2025 [1]. - The exact number of shares, timing, and terms for the repurchases will be at M&T's discretion and subject to regulatory limitations [2]. Group 2: Management Commentary - Daryl Bible, M&T's Chief Financial Officer, emphasized the company's commitment to responsibly managing shareholders' capital while supporting customers and communities [2]. - The strong earnings and solid capital position of M&T enable the company to return surplus capital to investors while continuing to invest in its business [2]. Group 3: Company Overview - M&T Bank is a financial holding company headquartered in Buffalo, New York, with a banking network across the eastern U.S. [3]. - The principal banking subsidiary, M&T Bank, offers a range of banking products and services, including trust-related services in select markets [3].

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that mea ...

Core Viewpoint - M&T Bank Corporation reported strong fourth-quarter 2024 earnings, with adjusted net operating earnings per share of $3.92, exceeding expectations and showing significant year-over-year growth from $2.81 per share [1][2]. Financial Performance - For the fourth quarter of 2024, adjusted net operating earnings per share was $14.64, surpassing the Zacks Consensus Estimate of $14.58, but down from $15.79 in the previous year [2]. - Net income available to common shareholders was $644 million, reflecting a 40.9% increase from the prior-year quarter, while full-year net income was $2.44 billion, a decline of 7.1% year over year [3]. - Quarterly revenues reached $2.39 billion, exceeding the Zacks Consensus Estimate of $2.3 billion and increasing by 3.7% year over year [4]. - Total non-interest income was $657 million, up 13.7% year over year, driven by increases in trust income and service charges [5]. - Total non-interest expenses decreased by 6% year over year to $1.36 billion, primarily due to lower FDIC assessment charges [5]. Efficiency and Profitability - The efficiency ratio improved to 56.8%, down from 62.1% in the previous year, indicating enhanced profitability [6]. - The estimated Common Equity Tier 1 ratio rose to 11.67%, up from 10.98% in the fourth quarter of 2023, reflecting a stronger capital position [10]. Loan and Deposit Trends - Loans and leases increased to $135.7 billion, up nearly 1% from the prior quarter, while total deposits fell by 2.1% to $161.1 billion [7]. - The ratio of non-accrual loans to total net loans decreased to 1.25%, down from 1.62% year over year, indicating improved credit quality [9]. Credit Quality - Net charge-offs rose by 8.1% to $160 million compared to the prior-year quarter, while the provision for credit losses decreased by 37.8% to $140 million [8]. - Non-performing assets declined by 21.8% year over year to $1.73 billion, suggesting an improvement in asset quality [8]. Capital Management - M&T Bank repurchased 957,988 shares of its common stock for $200 million in the fourth quarter of 2024, reflecting a commitment to capital distribution [11]. Future Outlook - The company anticipates that rising loan balances and non-interest income will support organic growth, although declining deposit balances and increasing net charge-offs present near-term challenges [12].

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Call Start: 08:00 January 1, 0000 9:03 AM ET M&T Bank Corporation (NYSE:MTB) Q4 2024 Earnings Conference Call January 16, 2025 08:00 AM ET Company Participants Brian Klock - Head, Markets & IR Daryl Bible - Senior Executive Vice President & CFO Conference Call Participants Manan Gosalia - Morgan Stanley Bill Carcache - Wolfe Research Ebrahim Poonawala - Bank of America Gerard Cassidy - RBC John Pancari - Evercore Peter Winter - D.A. Davidson Frank Schiraldi - Piper Sandler Erika Najarian - UBS Christopher S ...

For the quarter ended December 2024, M&T Bank Corporation (MTB) reported revenue of $2.39 billion, up 3.7% over the same period last year. EPS came in at $3.92, compared to $2.81 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.33 billion, representing a surprise of +2.22%. The company delivered an EPS surprise of +5.95%, with the consensus EPS estimate being $3.70.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

M&T Bank Corporation (MTB) came out with quarterly earnings of $3.92 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $2.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.95%. A quarter ago, it was expected that this company would post earnings of $3.60 per share when it actually produced earnings of $4.08, delivering a surprise of 13.33%.Over the last four quarters, the compa ...