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.
The Baltimore Ravens and M&T Bank (NYSE: MTB) have extended their partnership, securing stadium naming rights at M&T Bank Stadium through the 2037 NFL season. This agreement marks a 10-year extension beyond the original contract expiring in 2027, which originally began in 2003. The partnership, recognized as one of the longest in the NFL, emphasizes both organizations' commitment to community engagement, including financial education programs for Greater Baltimore students. Financial details of the deal remain undisclosed. Key figures from both organizations highlight the significance of their collaboration in enhancing community initiatives and maintaining a successful partnership over nearly two decades.
M&T Bank Corporation (NYSE: MTB) has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This dividend will be payable on June 15, 2023, to shareholders on record as of the close of business on June 1, 2023. M&T is a financial holding company based in Buffalo, New York, providing banking services across 12 states from Maine to Virginia and Washington, D.C.
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