BUFFALO, N.Y., Aug. 20, 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 September 30, 2024, to shareholders of record at the close of business on September 3, 2024. About M&T M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. ...

Updates to M&T's Affordable Housing Platform Reinforce Bank's Commitment to its Clients and Communities NEW YORK, Aug. 12, 2024 /PRNewswire/ -- M&T Bank (NYSE: MTB) today announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank. Kolluri will execute M&T's affordable housing business strategy and establish operational pro ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q _______________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Commission File Number 1-9861 _______________________ M&T BANK CORPORATION (Exact name of registrant as specified in its charter) _______________________ New York 16-0968385 (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...

Shares of M&T Bank (NYSE:MTB) surged last week after the company reported solid Q2 earnings. I last covered M&T in September of last year. I was cautious on shares relative to regional banks, given ongoing deposit pressure it was seeing. Since then, shares have outperformed the S&P and rallied in keeping with regional banks (KRE) more broadly, making that sell recommendation too harsh. In particular, recent eredit trends are encouraging, though shares do appear fairly valued after their In the company's sec ...

M&T Bank Corporation MTB reported better-than-expected second-quarter financial results on Thursday. M&T Bank shares fell 0.5% to trade at $166.51 on Friday. Read Next: Loading... "Building on a strong start to the year, the second quarter results reflect a 24% increase in diluted earnings per common share from the first quarter. We continued to grow our commercial and industrial and consumer loan portfolios, while lessening our commercial real estate exposure. Credit metrics improved as both nonaccrual and ...

M&T Bank's second-quarter earnings beat expectations on both the top and bottom lines but declined year-over-year. Net interest income also fell, while average loans and leases at the bank increased. M&T's CFO pointed out the bank's growing loan portfolios and reduced commercial real estate exposure. Key Takeaways M&T Bank (MTB) shares finished Thursday higher after the bank beat expectations with its second-quarter results. The firm reported earnings per share (EPS) of $3.73 on revenue of more than $2.3 bi ...

M&T Bank Corporation's (MTB) second-quarter 2024 net operating earnings per share (EPS) of $3.79 topped the Zacks Consensus Estimate of $3.50. However, the bottom line compared unfavorably with $5.12 earned in the year-ago quarter. Results benefited from a rise in loans and leases and higher deposits. A decline in net interest income (NII) and higher expenses were spoilsport. M&T Bank's quarterly revenues were $2.32 billion, surpassing the consensus estimate of $2.27 billion. However, the reported figure de ...

M&T Bank Corporation (NYSE:MTB) Q2 2024 Earnings Conference Call July 18, 2024 8:00 AM ET Company Participants Brian Klock - Head, Markets & Investor Relations Daryl Bible - Senior Executive Vice President & Chief Financial Officer Conference Call Participants Manan Gosalia - Morgan Stanley Matt O'Connor - Deutsche Bank Erika Najarian - UBS John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Ken Usdin - Jefferies Gerard Cassidy - RBC Chris Farr - Wells Fargo Operator Welcome to the M&T Bank Seco ...

7 • Net Operating ROTA increased +23 bps QoQ – Higher nonaccrual interest, partially offset by impact of cash flow hedges – Cost of interest-bearing liabilities remained stable 10 Balance Sheet – Average Loans $ IN BILLIONS $54.5 $54.5 $55.4 $56.8 $58.1 $34.9 $34.3 $33.5 $32.7 $31.5 $23.8 $23.6 $23.3 $23.1 $23.0 $20.3 $20.2 $20.6 $21.2 $22.0 $133.5 $132.6 $132.8 $133.8 $134.6 6.02% 6.19% 6.33% 6.32% 6.38% C&I CRE Residential Mortgage Consumer Total Loans Total Loan Yield 2Q23 3Q23 4Q23 1Q24 2Q24 QoQ Drivers ...

M&T Bank Corporation (MTB) came out with quarterly earnings of $3.79 per share, beating the Zacks Consensus Estimate of $3.50 per share. This compares to earnings of $5.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.29%. A quarter ago, it was expected that this company would post earnings of $3.13 per share when it actually produced earnings of $3.09, delivering a surprise of -1.28%. Over the last four quarters, the com ...