Last $123.29 USD
Change Today +1.89 / 1.56%
Volume 543.6K
MTB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$121.51
Previous Close
$121.40
Day High
$123.52
Day Low
$121.31
52 Week High
06/10/14 - $125.90
52 Week Low
02/3/14 - $109.16
Market Cap
16.3B
Average Volume 10 Days
402.7K
EPS TTM
$7.44
Shares Outstanding
132.0M
EX-Date
08/28/14
P/E TM
16.6x
Dividend
$2.80
Dividend Yield
2.27%
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.

15,387 Employees
Last Reported Date: 08/7/14
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 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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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 16.7x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 15.6x
TEV/Sales 0.4x
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