M&T Bank Corporation

MTB

US55261F1049

Banks

Market Closed - Nyse Other stock markets 04:00:02 2024-07-12 pm EDT			5-day change	1st Jan Change
155.2 ^USD	+0.17%		+5.95%	+13.23%

Jul. 10	US regional banks to face increased scrutiny as CRE exposure stifles buybacks	RE
Jul. 03	Jefferies Adjusts Price Target on M&T Bank to $161 From $160, Maintains Hold Rating	MT

M&T Bank Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

January 18, 2024 at 06:18 am EST

M&T Bank Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 1,722 million compared to USD 1,827 million a year ago. Net income was USD 482 million compared to USD 765 million a year ago.

Basic earnings per share from continuing operations was USD 2.75 compared to USD 4.32 a year ago. Diluted earnings per share from continuing operations was USD 2.74 compared to USD 4.29 a year ago.

Latest news about M&T Bank Corporation

US regional banks to face increased scrutiny as CRE exposure stifles buybacks	Jul. 10	RE
Jefferies Adjusts Price Target on M&T Bank to $161 From $160, Maintains Hold Rating	Jul. 03	MT
M&T Bank Corporation(NYSE:MTB) dropped from Russell 1000 Value-Defensive Index	Jun. 30	CI
M&T Bank Corporation(NYSE:MTB) dropped from Russell 1000 Defensive Index	Jun. 30	CI
All Banks Passed Fed Stress Tests as Expected, Morgan Stanley Says	Jun. 27	MT
Big US banks withstand Fed's commercial real estate shock scenario	Jun. 26	RE
US banks suffer steeper losses, but retain large cushions in annual Fed health check	Jun. 26	RE
Evercore ISI Adjusts Price Target on M&T Bank to $168 From $157, Keeps In Line Rating	Jun. 25	MT
Sector Update: Financial Stocks Rise Late Afternoon	Jun. 24	MT
Banks Brace for Mixed Q2 Trends Amid Credit Challenges, Subpar Loan Growth, Wedbush Says	Jun. 24	MT
Wedbush Trims Price Target on M&T Bank to $167 From $170, Keeps Outperform Rating	Jun. 24	MT
Explainer-What are the Fed's bank 'stress tests' and what's new this year?	Jun. 24	RE
Big US banks expected to be cautious on shareholder payouts after stress tests	Jun. 24	RE
Blackstone Mortgage Trust, M&T Realty Capital Collaborate for Agency Multifamily Lending	Jun. 14	MT
Transcript : M&T Bank Corporation Presents at Morgan Stanley US Financials, Payments & CRE Conference 2024, Jun-12-2024 09:30 AM	Jun. 12
Piper Sandler Adjusts Price Target on M&T Bank to $164 From $152	Jun. 12	MT
Jefferies Adjusts Price Target on M&T Bank to $160 From $151	Jun. 03	MT
M&T Bank Raises Quarterly Dividend by 4% to $1.35 Per Share; Payable on June 28 to Shareholders of Record on June 3	May. 21	MT
M&T Bank Corporation Declares Quarterly Cash Dividend, Payable on June 28, 2024	May. 21	CI
M&T Bank Insider Sold Shares Worth $6,709,456, According to a Recent SEC Filing	May. 16	MT
Citigroup Adjusts Price Target on M&T Bank to $180 From $170	May. 16	MT
NCino's Continuous Credit Monitoring Solution Adopted by M&T Bank	May. 15	MT
M&t Bank Insider Sold Shares Worth $3,477,313, According to a Recent SEC Filing	May. 13	MT
M&t Bank Insider Sold Shares Worth $280,034, According to a Recent SEC Filing	May. 13	MT
Compass Point Adjusts M&T Bank's Price Target to $168 From $160	May. 13	MT

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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

2024-07-18 - Q2 2024 Earnings Release

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Ratings for M&T Bank Corporation

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ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

155.2 USD

Average target price

166.7 USD

Spread / Average Target

+7.41%

Consensus

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