Last $123.63 USD
Change Today +0.97 / 0.79%
Volume 359.8K
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Key Developments

M&T Bank Releases New, Improved Mobile Banking Platform

M&T Bank has launched upgraded apps and mobile banking websites for its personal and business customers. The new mobile experience features a cleaner, more intuitive design that's easier to use. Customers can expect a simplified navigation and fewer steps to complete tasks -- like paying bills and making transfers. The completely redesigned M&T Mobile Banking and M&T Mobile Banking for Business apps are available for Android and iPhone. Other features include an enhanced branch and ATM finder with integrated Google Maps, as well as a virtual "augmented reality" locator, exclusively for iPhone users.

M&T Bank Announces Earnings Results for the Second Quarter 2014

M&T Bank announced earnings results for the second quarter 2014. For the quarter the company reported diluted earnings per common share measured in accordance with generally accepted accounting principlesof $1.98. GAAP-basis net income in the recent quarter totaled $284 million, compared with $229 million in the first quarter 2014. Expressed as an annualized rate of return on average assets and average common shareholders' equity, GAAP-basis net income for the recent quarter was 1.27% and 9.79%, respectively, compared with 1.07% and 8.22%, respectively, in second quarter 2014.

M&T Bank Corporation Declares Third Quarter Common Stock Dividend Payable on September 30, 2014

M&T Bank Corporation announced that it has declared third quarterly cash dividend of $0.70 per share on its common stock. The dividend will be payable September 30, 2014 to shareholders of record at the close of business on September 2, 2014.

M&T Bank Names Julieta Ross as Senior Vice President and Chief Technology Officer

M&T Bank has named Julieta Ross as senior vice president and chief technology officer, a new position at the Buffalo-based bank. Ross will be responsible for managing the M&T Technology Organization, which includes enterprise wide information technology, applications development, architecture, engineering and technology operations. Ross, a native of Buenos Aires, Argentina, spent the past 13 years with Citibank, in different regional and global positions. Most recently, she was the bank's chief technology officer for Latin America and Mexico.

M&T Bank Corporation and Traders Trust Co. Commence Private Offering of Senior Notes

M&T Bank Corporation unit Manufacturers and Traders Trust Co. on July 22 commenced a private offering of unsecured senior notes to institutional accredited investors under a previously established bank note program. Under the bank note plan, the bank may offer from time to time up to an aggregate of $5 billion of unsecured senior and subordinated notes, which will mature 270 days or more from their date of issue, the bank said in a Form 8-K filed the same day. The unit also offered such notes to investors in January.

 

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MTB

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Valuation MTB Industry Range
Price/Earnings 16.9x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 15.7x
TEV/Sales 0.4x
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