m & t bank corp (MTB:New York)
m & t bank corp (MTB) Snapshot
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Open
$104.76
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Previous Close
$104.69
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Day High
$106.08
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Day Low
$104.76
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52 Week High
05/17/13 - $106.08
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52 Week Low
06/5/12 - $76.92
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Market Cap
13.7B
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Average Volume 10 Days
474.6K
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EPS TTM
$8.07
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Shares Outstanding
129.0M
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EX-Date
02/28/13
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P/E TM
13.1x
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Dividend
$2.80
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Dividend Yield
2.64%
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Related News
m & t bank corp (MTB) Details
M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. The company’s Business Banking segment provides deposits, 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, as well as and deposit services. Its Discretionary Portfolio segment operations include investment and trading securities, and residential mortgage loans; 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 provides residential mortgage loans and sells those loans in the secondary market. This segment also purchases servicing rights to loans originated by other entities, as well as originates loans to developers of residential real estate properties. Its Retail Banking segment provides 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 offers its products and services through banking office, business banking centers, telephone banking, Internet banking, and automated teller machines (ATMs). As of March 6, 2013, it operated approximately 727 branches and 2,000 ATMs located in New York, Maryland, Pennsylvania, Washington, District of Columbia, Virginia, West Virginia, and Delaware. The company was founded in 1856 and is headquartered in Buffalo, New York.
m & t bank corp (MTB) Top Compensated Officers
m & t bank corp (MTB) Key Developments
Two years after once-proud Wilmington Trust was swallowed up by M&T Bank Corp. in what analysts called a 'take under,' the former president who served as the bank's face for decades has left M&T where he worked in community and customer relations. Robert V.A. Harra Jr., 64, who was Wilmington Trust's president when the bank was sold at a fire sale price to avoid 'significant regulatory actions,' retired on May 10, 2013, said Kent Wissinger, spokesman for the M&T unit that includes wealth advisory services and asset management. Wissinger that Harra was kept on at M&T to 'help with the transition of clients' as a senior vice president and that his retirement 'had been months in the planning.' Harra retired two days after former Wilmington Trust executive Joseph Terranova pleaded guilty to conspiracy to commit bank fraud. The day after Terranova appeared in court to plead guilty, his former supervisor at Wilmington Trust, Brian Bailey, resigned from his job at MidCoast Community Bank in Wilmington. Bailey was the market manager for Delaware at his past employer.
M&T Bank Corporation Merchant Services division has launched two new products allowing small businesses and middle market customers to better manage their daily cash flow. The new additions at M&T include: M&T Mobile for Merchants -- featuring a small card reader that can be attached to smart phones or tablet devices to process credit card payments. Portfolio ManagerSM -- a significant upgrade to the Web-based reporting tool used by business customers on a daily basis for real-time monitoring of credit card transactions and other account information. The service also works for field-based businesses, such as landscaping providers, contractors, installation services or one-time events that traditionally use wireless terminals.
Christopher Callaghan and Craig P. Hallgren have been promoted to group vice president at M&T Bank. Callaghan, is the manager of M&T's Healthcare Banking Division and has been with the bank for 19 years. Hallgren is a member of M&T's Treasury Division and has been with the bank for 26 years.
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Industry Analysis
MTB
Industry Average
| Valuation | MTB | Industry Range |
| Price/Earnings | 13.0x |
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| Price/Sales | 3.2x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 12.3x |
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| TEV/Sales | 0.7x |
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Post a JobJobs
- Washington, Dc | M & T BankPosted: May 19
- Tarrytown, NY | M & T BankPosted: May 17
- Amherst, NY | M&T BankPosted: May 17
- Nyack, NY | M&T BankPosted: May 18
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To contact M & T BANK CORP, please visit www.mtb.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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