Last $124.07 USD
Change Today +0.50 / 0.40%
Volume 225.0K
MTB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 12:38 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$123.27
Previous Close
$123.57
Day High
$124.25
Day Low
$123.27
52 Week High
06/10/14 - $125.90
52 Week Low
02/3/14 - $109.16
Market Cap
16.4B
Average Volume 10 Days
667.0K
EPS TTM
$7.44
Shares Outstanding
132.0M
EX-Date
05/29/14
P/E TM
16.7x
Dividend
$2.80
Dividend Yield
2.26%
Current Stock Chart for M & T BANK CORP (MTB)

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m & t bank corp (MTB) Details

M&T Bank Corporation operates as the bank holding company for M&T Bank that provides commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company’s Commercial Real Estate segment offers commercial real estate loans secured by various types of multifamily residential and commercial real estate properties, and deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements; and Cayman Islands office deposits, as well as foreign exchange services. The company’s Residential Mortgage Banking segment originates and services residential mortgage loans and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also reinsures credit life, and accident and health insurance; and provides insurance agency services. M&T Bank Corporation offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2013, it had 720 banking offices in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia; a commercial banking office in Ontario, Canada; and an office in George Town, the Cayman Islands. The company was founded in 1856 and is headquartered in Buffalo, New York.

14,629 Employees
Last Reported Date: 02/21/14
Founded in 1856

m & t bank corp (MTB) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.4M
President, Chief Operating Officer, Director...
Total Annual Compensation: $1.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $900.0K
Executive Vice President, Vice Chairman of M&...
Total Annual Compensation: $900.0K
Advisor of M&T Bank
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

m & t bank corp (MTB) Key Developments

M&T Bank Corporation Declares Quarterly Cash Dividends on Series A and Series C Preferred Stock, Payable on August 15, 2014

M&T Bank Corporation announced that it has declared quarterly cash dividends of $15.9375 per share on each of its Series A and Series C preferred stock. The dividends will be payable on August 15, 2014 to shareholders of record at the close of business on August 1, 2014.

M&T Bank Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

M&T Bank Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest income of $734,290,000 compared to $750,207,000 a year ago. Net interest income was $669,114,000 compared to $677,587,000 a year ago. Income before income taxes was $414,332,000 compared to $530,685,000 a year ago. Net income was $284,336,000 compared to $348,466,000 a year ago. Net operating income was $289,974,000 compared to $360,734,000 a year ago. Diluted earnings per common share were $1.98 compared to $2.55 a year ago. Diluted net operating earnings per common share were $2.02 compared to $2.65 a year ago. Net income available to common shareholders was $260,695,000 compared to $328,557,000 a year ago. Return on (annualized) average total assets was 1.27% compared to 1.68% a year ago. Return on (annualized) average common shareholders' equity was 9.79% compared to 13.78% a year ago. Expressed as an annualized rate of return on average tangible assets and average tangible common shareholders' equity, net operating income was 1.35% and 14.92%, respectively, in the second quarter of 2014. The comparable returns were 1.15% and 12.76% in the first quarter of 2014 and 1.81% and 22.72% in the second quarter of 2013. For the six months, the company reported interest income of $1,457,242,000 compared to $1,480,182,000 a year ago. Net interest income was $1,325,547,000 compared to $1,333,637,000 a year ago. Income before income taxes was $756,601,000 compared to $946,021,000 a year ago. Net income was $513,353,000 compared to $622,579,000 a year ago. Net operating income was $525,136,000 compared to $645,870,000 a year ago. Diluted earnings per common share were $3.59 compared to $4.53 a year ago. Diluted net operating earnings per common share were $3.68 compared to $4.71 a year ago. Net income available to common shareholders was $472,429,000 compared to $583,633,000 a year ago. Return on (annualized) average total assets was 1.17% compared to 1.52% a year ago. Return on (annualized) average common shareholders' equity was 9.02% compared to 12.47% a year ago. Expressed as an annualized rate of return on average tangible assets and average tangible common shareholders' equity, net operating income was 1.25% and 13.86%, respectively, in the six months of 2014. The comparable returns were 1.65% and 20.76% in the six months of 2013.

M&T Bank Corporation to Report Q2, 2014 Results on Jul 17, 2014

M&T Bank Corporation announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 17, 2014

 

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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 16.9x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 15.6x
TEV/Sales 0.5x
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