M&T Bank Corporation

MTB

US55261F1049

Banks

Real-time Estimate Cboe BZX Other stock markets 03:41:53 2024-04-29 pm EDT			5-day change	1st Jan Change
145.8 ^USD	-0.43%		+0.11%	+6.39%

Apr. 25	M&T Bank and Sunstone Credit Announces Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing	CI
Apr. 18	M&T Bank Corporation Approves Board Changes	CI

M&T Bank Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 15, 2024 at 06:11 am EDT

M&T Bank Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 1,680 million compared to USD 1,818 million a year ago. Net income was USD 531 million compared to USD 702 million a year ago.

Latest news about M&T Bank Corporation

M&T Bank and Sunstone Credit Announces Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing	Apr. 25	CI
M&T Bank Corporation Approves Board Changes	Apr. 18	CI
Analysis-US regional banks seen booking more commercial property losses, loan sales	Apr. 17	RE
Transcript : M&T Bank Corporation - Shareholder/Analyst Call	Apr. 16
BofA Securities Adjusts Price Target on M&T Bank to $160 From $157, Maintains Buy Rating	Apr. 16	MT
Wells Fargo Adjusts M&T Bank's Price Target to $150 From $145, Maintains Equalweight Rating	Apr. 16	MT
JPMorgan Adjusts M&T Bank's Price Target to $180 From $170, Keeps Neutral Rating	Apr. 16	MT
Keefe Bruyette & Woods Adjusts M&T Bank's Price Target to $170 From $162, Keeps Market Perform Rating	Apr. 16	MT
Equities Drop as Investors Parse Stronger-Than-Expected Retail Sales Data	Apr. 15	MT
Sector Update: Financial Stocks Sliding Late Afternoon	Apr. 15	MT
Sector Update: Financial	Apr. 15	MT
Stocks fall as Treasury yields, Middle east tensions weigh	Apr. 15	RE
M&T Bank Sees Potential Upside to Net Interest Income Outlook as Fed Rate Cut Bets Fade	Apr. 15	MT
Top Midday Stories: Tesla to Lay Off Over 10% of Global Workforce; Goldman Sachs, Charles Schwab, M&T Bank Shares All Up on Q1 Earnings; Apple Loses Top Spot in Smartphone Market; Blackbaud to Weigh Acquisition Offer From Clearlake	Apr. 15	MT
Dow outshines peers on earnings boost; higher bond yields cap gains	Apr. 15	RE
Sector Update: Financial Stocks Edge Higher Pre-Bell Monday	Apr. 15	MT
Transcript : M&T Bank Corporation, Q1 2024 Earnings Call, Apr 15, 2024	Apr. 15
M&T Bank profit slumps on lower interest income, bigger rainy-day funds	Apr. 15	RE
M&T Bank's Q1 Operating Earnings, Revenue Fall	Apr. 15	MT
Earnings Flash (MTB) M&T BANK CORPORATION Posts Q1 EPS $3.02, vs. Street Est of $3.12	Apr. 15	MT
M&T Bank Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2024	Apr. 15	CI
Tranche Update on M&T Bank Corporation's Equity Buyback Plan announced on May 5, 2023.	Apr. 15	CI
Tranche Update on M&T Bank Corporation's Equity Buyback Plan announced on July 19, 2022.	Apr. 15	CI
M&T Bank Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 15	CI
Morning Bid: Weekend safety trades unwind amid Iran/Israel tension	Apr. 15	RE

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Company Profile

M&T Bank Corporation is a banking group organized around 7 business sectors: - retail banking (29.4% of net interest income): sales of standard and specialized banking products and services (leasing, factoring, insurance, etc.); - commercial banking (22.3%); - real estate assets management (16.8%); - business banking (13.6%); - finance and investment banking (12.6%); - mortgage banking (2.4%); - other (2.9%). At the end of 2021, the bank had USD 131.5 billion in current deposits and USD 93.1 billion in current loans.

Sector

Banks

Calendar

2024-04-29 - RBC Capital Markets US Banks Fixed Income Investor Symposium

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S&P 500

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Ratings for M&T Bank Corporation

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Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

146.4 USD

Average target price

162.1 USD

Spread / Average Target

+10.73%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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