M&T Bank Decreases Prime Rate
M&T Bank (NYSE: MTB) has announced a decrease in its prime lending rate. The rate will be reduced from 8.00% to 7.75%, effective Friday, November 8, 2024.
M&T Bank (NYSE: MTB) ha annunciato una diminuzione del suo tasso di interesse principale. Il tasso sarà ridotto dall'8,00% al 7,75%, con effetto da venerdì 8 novembre 2024.
M&T Bank (NYSE: MTB) ha anunciado una disminución en su tasa de interés preferencial. La tasa se reducirá del 8.00% al 7.75%, a partir del viernes 8 de noviembre de 2024.
M&T Bank (NYSE: MTB)는 우대 대출 금리를 인하한다고 발표했습니다. 금리는 8.00%에서 7.75%로 인하되며, 2024년 11월 8일 금요일부터 적용됩니다.
M&T Bank (NYSE: MTB) a annoncé une baisse de son taux d'intérêt préférentiel. Le taux sera réduit de 8,00% à 7,75%, à compter de vendredi 8 novembre 2024.
M&T Bank (NYSE: MTB) hat eine Senkung seines Basiszinssatzes angekündigt. Der Zinssatz wird von 8,00% auf 7,75% gesenkt, wirksam ab Freitag, dem 8. November 2024.
- Prime rate reduction of 25 basis points indicates potential lower borrowing costs for customers
- Lower prime rate may reduce interest income and potentially impact profit margins
Insights
The
The timing aligns with market expectations of monetary easing, though this could pressure M&T's interest income in the near term. However, increased loan activity could offset some margin compression, particularly in commercial and consumer lending segments.
About M&T
M&T Bank Corporation is a financial holding company headquartered in
M&T Bank Corporation is a financial holding company headquartered in Buffalo,
© 2024 M&T Bank. Member FDIC. NMLS# 381076 Equal Housing Lender.
Investor Contact:
Brian Klock
(716) 842-5138
Media Contact:
Frank Lentini
(929) 651-0447
flentini@mtb.com
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SOURCE M&T Bank Corporation
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