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M&T Bank Corp. - MTB STOCK NEWS

Welcome to our dedicated page for M&T Bank news (Ticker: MTB), a resource for investors and traders seeking the latest updates and insights on M&T Bank stock.

M&T Bank Corporation (NYSE: MTB) is one of the 20 largest commercial bank holding companies in the United States, serving over two million consumer households and commercial clients through more than 700 branches and with a workforce of over 15,000 employees. Founded over 150 years ago in Buffalo, N.Y., M&T Bank is known for its strong regional presence and commitment to community banking.

M&T Bank offers a comprehensive range of financial services including commercial and consumer banking, lending, and wealth management. The bank's principal subsidiary, M&T Bank, operates across 12 states from Maine to Virginia and Washington, D.C., focusing on commercial real estate, commercial-related lending, and retail operations. Through its affiliate, Wilmington Trust, M&T also provides premier wealth management and corporate trust solutions.

In recent financial announcements, M&T Bank reported a quarterly net income of $531 million for Q1 2024, reflecting solid earnings growth and prudent expense management. The company has demonstrated strong liquidity and capital positions, maintaining stability in its deposit base and increasing levels of borrowings. Additionally, M&T has been actively involved in managing its commercial real estate exposure while continuing to grow its commercial and consumer loan portfolios.

Key recent achievements include M&T Realty Capital Corporation's record 2023 production volume for the Seniors Housing Team, with significant financing of $575 million in closed loans. Moreover, M&T successfully refinanced a 371-unit seniors housing and healthcare facility with a $105 million Freddie Mac loan. The company continues to focus on strategic growth and maintaining strong customer relationships.

On the technological front, M&T has made advancements in its internal profitability reporting to align with organizational changes and enhance its management reporting system. This realignment into three reportable segments—Commercial Bank, Retail Bank, and Institutional Services and Wealth Management—aims to provide better insights and operational efficiency.

M&T Bank is committed to building and maintaining public trust through prudent lending and support for civic institutions. The company emphasizes the importance of trust in its operations, which is evident in its longstanding tradition of providing transparent and insightful communication to shareholders.

For more information, visit the company's website or follow their latest updates and announcements on their Investor Relations page.

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M&T Bank Corporation (MTB) reported strong financial results for Q2 2021, with diluted earnings per share rising to $3.41, a 96% increase year-over-year. Net income reached $458 million, up from $241 million in Q2 2020. The annualized return on average assets was 1.22%, and average common equity was 11.55%. Despite a decline in net interest income to $946 million due to narrowing margins, noninterest income increased to $514 million. The total assets stood at $150.6 billion, with loans at $97.1 billion. Provision for credit losses was significantly reduced to $15 million, reflecting improved asset quality.

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M&T Bank (NYSE: MTB) has received an "Outstanding" rating from the Federal Reserve Bank of New York for its Community Reinvestment Act (CRA) performance, reflecting its commitment to community credit needs since 1982. The latest evaluation recognized M&T's leadership in community development loans and responsiveness to local needs across 50 assessment areas in 10 states. The bank's innovative lending products and substantial community investments, totaling approximately $35 million annually, were highlighted as key factors in its rating. M&T aims to expand its community services further.

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M&T Bank has launched Wilmington Advisors @ M&T, enhancing financial advisory and retail brokerage services for clients. This initiative partners with LPL Financial to deliver tailored solutions for individuals, families, and nonprofits. A recent survey indicates that many affluent consumers plan to increase spending and investment, highlighting the need for personalized financial services. Wilmington Advisors aims to address these needs by offering comprehensive financial planning that integrates various aspects of a client’s financial life, utilizing advanced technology for improved service efficiency.

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M&T Bank Corporation (NYSE: MTB) has appointed Maya Dillon as Head of Corporate Communications in a newly created position. This move aligns with the bank's strategic realignment to enhance brand communications and support its customers effectively. Dillon, who has been with M&T since 2018, will oversee external communications, media relations, and marketing strategies. Notably, she also managed communications for the recent $7 billion acquisition of People's United Bank, which will position M&T as the 11th largest commercial bank in the U.S. with around $200 billion in assets.

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M&T Bank has partnered with MagnusCards™ to create digital guides aimed at enhancing banking accessibility for individuals with cognitive and intellectual disabilities. This initiative will provide free visual aids through the MagnusCards app, helping users navigate essential banking tasks like ATM withdrawals and debit card use. The collaboration stems from M&T's internal Disability Advocacy Network and is designed to foster an inclusive banking environment. This launch aligns with M&T Bank's commitment to innovative digital solutions and improving customer experiences.

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M&T Bank Corporation (MTB) will announce its second quarter 2021 earnings results via a press release on July 21, 2021, before the market opens. Following this, a conference call and webcast will occur at 11:00 a.m. ET to discuss these results. Domestic participants can call (877) 780-2276, while international callers use (973) 582-2700. The call will be accessible live through M&T's website, and a replay will be available until July 28, 2021.

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M&T Bank has appointed Mike Keegan as Executive Vice President and Head of Community Markets. This newly created role aims to enhance the bank's community engagement and optimize service delivery across its 19 regions. Keegan, who has over 25 years of experience at M&T, will report to Richard Gold, the bank's President and COO. The initiative focuses on localizing strategies to meet community needs and reinforces the bank's commitment to tailored banking solutions, addressing unique market characteristics.

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M&T Bank Corporation (MTB) and People's United Financial (PBCTP) have received shareholder approval for their merger, marking a significant step in creating the 11th largest U.S. bank with assets near $200 billion. The merger is expected to enhance service capabilities across 12 states from Maine to Virginia, bolstering a network of over 1,100 branches and 2,000 ATMs. Both companies are poised to meet regulatory requirements and other closing conditions swiftly. M&T's CEO will continue to lead the combined entity, emphasizing shared values and customer commitment.

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FAQ

What is the current stock price of M&T Bank (MTB)?

The current stock price of M&T Bank (MTB) is $189.48 as of December 20, 2024.

What is the market cap of M&T Bank (MTB)?

The market cap of M&T Bank (MTB) is approximately 31.1B.

What services does M&T Bank Corporation provide?

M&T Bank offers commercial and consumer banking, lending, and wealth management services through its principal banking subsidiary and its affiliate, Wilmington Trust.

Where is M&T Bank Corporation headquartered?

M&T Bank Corporation is headquartered in Buffalo, New York.

How many branches does M&T Bank operate?

M&T Bank operates over 700 branches across 12 states from Maine to Virginia and Washington, D.C.

What recent financial achievements has M&T Bank reported?

M&T Bank reported a quarterly net income of $531 million for Q1 2024 and demonstrated solid liquidity and capital positions.

What is M&T Realty Capital Corporation's role within M&T Bank?

M&T Realty Capital Corporation is a wholly-owned subsidiary specializing in providing competitive financing for multifamily properties, commercial income properties, and healthcare facilities.

How does M&T Bank emphasize trust in its operations?

M&T Bank focuses on prudent lending and supporting civic institutions to build and maintain public trust, as highlighted in the CEO's annual letter to shareholders.

What strategic changes has M&T Bank recently implemented?

M&T Bank has realigned its business operations into three reportable segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.

Does M&T Bank offer wealth management services?

Yes, through its affiliate Wilmington Trust, M&T Bank provides premier wealth management and corporate trust solutions.

What is M&T Bank's approach to community banking?

M&T Bank is committed to serving its communities by providing essential banking services and maintaining strong regional relationships.

Where can I find more information about M&T Bank's latest updates?

For the latest updates, visit M&T Bank's website or their Investor Relations page at https://ir.mtb.com/events-presentations.

M&T Bank Corp.

NYSE:MTB

MTB Rankings

MTB Stock Data

31.14B
165.20M
0.41%
88.96%
2.05%
Banks - Regional
State Commercial Banks
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United States of America
BUFFALO