Gear Up for M&T Bank (MTB) Q3 Earnings: Wall Street Estimates for Key Metrics

Core Insights - M&T Bank Corporation (MTB) is expected to report quarterly earnings of $4.39 per share, a 7.6% increase year-over-year, with revenues projected at $2.43 billion, reflecting a 4.4% increase [1] Earnings Estimates - The consensus EPS estimate has been revised down by 0.5% over the past 30 days, indicating a collective reassessment by analysts [2] - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3] Key Metrics Projections - Analysts predict an 'Efficiency Ratio' of 55.0%, unchanged from the same quarter last year [5] - The 'Net Interest Margin' is expected to reach 3.7%, up from 3.6% in the previous year [5] - 'Tier 1 Leverage' is projected at 9.7%, down from 10.1% year-over-year [5] Asset and Capital Ratios - 'Average Balance - Total Earning Assets' is expected to be $192.61 billion, compared to $191.37 billion in the same quarter last year [6] - The 'Tier 1 Capital Ratio' is projected at 12.6%, down from 13.1% year-over-year [6] - 'Total Capital Ratio' is expected to be 14.2%, down from 14.7% in the previous year [7] Nonperforming Assets and Income - 'Total Nonperforming Assets' are projected to reach $1.56 billion, down from $1.96 billion year-over-year [7] - 'Net Interest Income - Taxable-Equivalent' is expected to be $1.78 billion, compared to $1.74 billion in the same quarter last year [8] - 'Total Other Income' is projected at $657.86 million, up from $606.00 million year-over-year [8] Specific Income Streams - 'Service Charges on Deposit Accounts' are expected to reach $138.14 million, compared to $132.00 million in the same quarter last year [9] - 'Trust Income' is projected at $184.79 million, up from $170.00 million year-over-year [9] - 'Mortgage Banking Revenues' are expected to be $128.78 million, compared to $109.00 million in the previous year [9] Stock Performance - Over the past month, M&T Bank shares have declined by 9%, while the Zacks S&P 500 composite has increased by 0.4% [10] - M&T Bank holds a Zacks Rank of 3 (Hold), indicating that its performance is likely to align with the overall market in the upcoming period [10]