Last $121.54 USD
Change Today -0.10 / -0.08%
Volume 700.6K
MTB On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$121.50
Previous Close
$121.64
Day High
$121.93
Day Low
$120.80
52 Week High
03/21/14 - $123.04
52 Week Low
04/22/13 - $98.02
Market Cap
15.9B
Average Volume 10 Days
949.5K
EPS TTM
$8.05
Shares Outstanding
131.2M
EX-Date
02/27/14
P/E TM
15.1x
Dividend
$2.80
Dividend Yield
2.30%
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 Dividend on Series A and Series C Preferred Stock, Payable May 15, 2014

M&T Bank Corporation 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 May 15, 2014 to shareholders of record at the close of business on May 1, 2014.

M&T Bank Corporation Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter of 2014

M&T Bank Corporation announced consolidated earnings results for the first quarter ended March 31, 2014. Diluted earnings per common share measured in accordance with generally accepted accounting principles (GAAP) for the first quarter of 2014 were $1.61, compared with $1.98 in the year-earlier quarter and $1.56 in the fourth quarter of 2013. GAAP-basis net income in the recent quarter was $229 million, compared with $274 million in the initial 2013 quarter and $221 million in the final quarter of 2013. Net income available to common shareholders was $211 million against $255 million a year ago. Net income for the first three months of 2014 expressed as an annualized rate of return on average assets and average common shareholders' equity was 1.07% and 8.22%, respectively, compared with 1.36% and 11.10%, respectively, in the similar 2013 period and 1.03% and 7.99%, respectively, in the fourth quarter of 2013. Diluted net operating earnings per common share were $1.66 in the recent quarter, compared with $2.06 and $1.61 in the first and fourth quarters of 2013, respectively. Net operating income for the first three months of 2014 totaled $235 million. Net operating income was $285 million and $228 million in the quarters ended March 31, 2013 and December 31, 2013, respectively. Expressed as an annualized rate of return on average tangible assets and average tangible common shareholders' equity, net operating income was 1.15% and 12.76%, respectively, in the first quarter of 2014. The comparable returns were 1.48% and 18.71% in the year-earlier quarter and 1.11% and 12.67% in the fourth quarter of 2013. Net interest income was $656.433 million against $656.050 million a year ago. Income before income taxes was $342.269 million against $415.336 million a year ago. Adjusted earnings were $1.66. Net charge-offs of loans during the recent quarter were also $32 million, down from $37 million in the first quarter of 2013 and $42 million in the final 2013 quarter.

M&T Bank Corporation to Report Q1, 2014 Results on Apr 14, 2014

M&T Bank Corporation announced that they will report Q1, 2014 results at 9:00 AM, Eastern Standard Time on Apr 14, 2014

 

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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 15.5x
Price/Sales 3.6x
Price/Book 1.5x
Price/Cash Flow 14.6x
TEV/Sales 0.7x
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