Welcome to our dedicated page for M&T Bank US news (Ticker: MTB), a resource for investors and traders seeking the latest updates and insights on M&T Bank US stock.
M&T Bank Corporation (NYSE: MTB) maintains this dedicated news hub as the definitive source for corporate developments and financial updates. Our curated collection features official press releases, SEC filings, and market-moving announcements from one of America's leading regional banking institutions.
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Monitor MTB's commercial lending innovations, wealth management expansions, and community banking initiatives through verified primary sources. This resource eliminates the need to scour multiple platforms, providing institutional-grade information in consumer-accessible format.
M&T Bank Corporation (MTB) will release its third quarter 2021 earnings results on October 20, 2021, before the market opens. A conference call is scheduled for 11:00 a.m. ET to discuss the results, which may include forward-looking statements. Domestic callers can reach the conference by dialing (877) 876-9173, while international participants should call (785) 424-1667. A replay will be available until October 27, 2021, and the call will be webcast live on M&T's website.
M&T Bank Corporation (NYSE: MTB) will participate in the Barclays Global Financial Services Conference on September 15, 2021, at 9:00 a.m. (ET). The event will be held virtually, allowing investors and analysts to connect with M&T representatives.
A live audio-webcast of the conference will be available online, and a playback will follow the event. M&T is headquartered in Buffalo, New York, and operates banking offices across various states, including New York, Pennsylvania, and New Jersey.
M&T Bank Corporation (NYSE:MTB) has declared a $1.10 quarterly cash dividend on its common stock. The dividend is set to be paid on September 30, 2021, to shareholders of record as of the close of business on September 1, 2021. This announcement reflects the company's ongoing commitment to providing returns to its investors. M&T Bank operates throughout several states including New York, Maryland, and Pennsylvania, among others.
M&T Bank (NYSE: MTB) has launched the M&T Virtual Spotlight Shop, showcasing over 70 business clients from seven states and Washington, D.C. This online marketplace connects local businesses to new customers, allowing visitors to shop and learn about these businesses' community commitments. The initiative, which supports local businesses adapting post-COVID-19, builds on previous formats tested in Baltimore. M&T aims to leverage its website's nearly 10 million monthly visitors to aid in the recovery and growth of these businesses, highlighting the resilient spirit of local entrepreneurs.
M&T Bank (NYSE: MTB) has partnered with the Aspen Institute to announce the inaugural Weaver Awards, honoring Baltimore City residents who foster community trust and relationships. Each of the 10 selected awardees will receive $7,000 to support grassroots initiatives addressing local challenges like food insecurity and neighborhood revitalization. This innovative program aims to empower community leaders who typically lack access to traditional funding sources. The initiative reflects M&T's commitment to enhancing social fabric and inclusivity in Baltimore.
M&T Bank Corporation (NYSE: MTB) and People's United Financial, Inc. (NASDAQ: PBCT) have provided an update on their pending merger aimed at creating a diversified community-focused banking franchise. A Worker Adjustment and Retraining Notification (WARN) was issued, indicating significant job reductions, primarily affecting Connecticut and Vermont in 2022. Despite this, M&T plans to retain nearly 80% of People's United employees, especially customer-facing staff. The merger has been approved by both boards and shareholders, awaiting customary regulatory approvals.
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.
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.
