M&T Bank US - MTB STOCK NEWS

M&T Bank (NYSE:MTB) is set to participate in the Morgan Stanley US Financials, Payments & CRE Conference, which will be held in New York City. M&T representatives will deliver a presentation to investors and analysts on June 12, 2024, at 9:30 a.m. ET. A webcast of the presentation will be available, potentially containing material information about the company.

M&T Bank has announced a quarterly cash dividend of $1.35 per share on its common stock, reflecting a 4% increase from the previous dividend of $1.30 per share. The dividend will be payable on June 28, 2024, to shareholders of record as of June 3, 2024.

M&T Bank released its 2023 Sustainability Report, highlighting progress in environmental and social finance solutions. The report showcases $3.1 billion in financing for positive impacts, with investments in social and environmental initiatives. Key achievements include supporting affordable housing, essential services, financial empowerment, renewable energy, green buildings, and community development. M&T also emphasized diversity, inclusion, and employee development, showcasing its commitment to community support and sustainability.

M&T Bank , ticker symbol MTB, will participate in the Barclays Americas Select Franchise Conference in London. The presentation to investors and analysts is scheduled for May 8, 2024. A webcast will be available for those interested.

M&T Bank to participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium. Representatives of M&T will meet with investors in New York City, Chicago, and virtually on specific dates.

M&T Bank declares a quarterly cash dividend of $0.3515625 per share on its Series H Preferred Stock, payable on June 17, 2024, to shareholders of record as of June 3, 2024.

M&T Bank (NYSE:MTB) reported quarterly net income of $531 million, or $3.02 of diluted earnings per common share for the first quarter of 2024. The company's CET1 capital ratio increased to 11.07%, reflecting a strengthened capital position. Net interest margin narrowed to 3.52% due to higher liquidity and increased deposit and borrowing costs. Expenses were prudently managed, with a provision for credit losses reflecting elevated levels of criticized loans. Overall, M&T Bank had a solid start in 2024.

M&T Bank partners with Harrisburg University for a seven-week business accelerator program to support multicultural small business owners. The program aims to provide guidance, skills, and funding opportunities to entrepreneurs in the Harrisburg area, fostering economic growth and generational wealth.

M&T Realty Capital closes a $414.8 million Freddie Mac loan for Brooklyn Crossing, an 858-unit multifamily property in Brooklyn, NY. The deal secured favorable terms for The Brodsky Organization, offering luxury apartments near Prospect Park with top-notch amenities.