Last $126.29 USD
Change Today +0.59 / 0.47%
Volume 523.3K
MTB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$125.65
Previous Close
$125.70
Day High
$127.19
Day Low
$125.35
52 Week High
09/17/14 - $127.19
52 Week Low
02/3/14 - $109.16
Market Cap
16.7B
Average Volume 10 Days
464.7K
EPS TTM
$7.44
Shares Outstanding
132.0M
EX-Date
08/28/14
P/E TM
17.0x
Dividend
$2.80
Dividend Yield
2.22%
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 to pay $18.5 million to the Securities and Exchange Commission to settle charges against Wilmington Trust

M&T Bank agreed to pay $18.5 million to the Securities and Exchange Commission to settle charges against Wilmington Trust. Accounting disclosure and fraud charges faced the bank because of 'improperly' excluded loan losses of $300 million from its quarterly reports after the 2008 financial crisis, the SEC announced. The deal follows a string of federal bank fraud prosecutions in Wilmington and Philadelphia against former Wilmington Trust officers and private developer clients. Senior managers haven't been charged. The SEC announced that the FBI, the Federal Reserve, and the U.S. Attorney's Office in Wilmington helped its investigation and that its probe is continuing. Despite concerns voiced at the time by lower-level bank employees, unidentified senior managers approved public financial reports that failed to report a rapid increase in bad loans.

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.

 

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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 17.3x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 16.1x
TEV/Sales 0.5x
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