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M&T Bank Corp (MTB.N)

MTB.N on New York Stock Exchange

164.92USD
24 May 2019
Change (% chg)

$2.17 (+1.33%)
Prev Close
$162.75
Open
$163.17
Day's High
$165.42
Day's Low
$163.00
Volume
118,500
Avg. Vol
214,446
52-wk High
$180.77
52-wk Low
$133.78

Latest Key Developments (Source: Significant Developments)

M&T Bank Corp Reports Q1 Operating Earnings Per Share $3.38
Monday, 15 Apr 2019 

April 15 (Reuters) - M&T Bank Corp ::ORATION ANNOUNCES FIRST QUARTER RESULTS.Q1 OPERATING EARNINGS PER SHARE $3.38.Q1 EARNINGS PER SHARE ESTIMATE $3.30 -- REFINITIV IBES DATA.M&T BANK - NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $1.06 BILLION IN INITIAL 2019 QUARTER, UP 8% FROM $980 MILLION IN Q1 OF 2018.PROVISION FOR CREDIT LOSSES WAS $22 MILLION IN Q1 OF 2019, COMPARED WITH $43 MILLION IN YEAR-EARLIER QUARTER.DURING Q1 OF 2019, M&T INCREASED ITS RESERVE FOR LEGAL MATTERS BY $50 MILLION.NET LOAN CHARGE-OFFS WERE $22 MILLION DURING RECENT QUARTER, IMPROVED FROM $41 MILLION IN Q1 OF 2018.TANGIBLE EQUITY PER COMMON SHARE WAS $71.19 AT MARCH 31, 2019, COMPARED WITH $66.99 AT MARCH 31, 2018 AND $69.28 AT DECEMBER 31, 2018.QTRLY DILUTED EARNINGS PER COMMON SHARE $3.35.  Full Article

M&T Bank Corporation Announces 2018 Fourth Quarter And Full-Year Results
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - M&T Bank Corp ::M&T BANK CORPORATION ANNOUNCES 2018 FOURTH QUARTER AND FULL-YEAR RESULTS.Q4 OPERATING EARNINGS PER SHARE $3.79.Q4 GAAP EARNINGS PER SHARE $3.76.Q4 EARNINGS PER SHARE ESTIMATE $3.50 -- REFINITIV IBES DATA.PROVISION FOR CREDIT LOSSES WAS $38 MILLION IN Q4 OF 2018, COMPARED WITH $31 MILLION IN YEAR-EARLIER QUARTER.NET INTEREST INCOME EXPRESSED ON TAXABLE-EQUIVALENT BASIS TOTALED $1.06 BILLION IN 2018'S Q4, IMPROVED 9% FROM $980 MILLION IN YEAR-AGO QUARTER.TANGIBLE EQUITY PER COMMON SHARE WAS $69.28 AT DEC 31, 2018, VERSUS $69.08 AT DEC 31, 2017.NET LOAN CHARGE-OFFS WERE $38 MILLION DURING RECENT QUARTER, COMPARED WITH $27 MILLION IN Q4 OF 2017.  Full Article

M&T Increases Prime Rate to 5.25 Pct
Thursday, 27 Sep 2018 

Sept 26 (Reuters) - M&T Bank Corp ::M&T INCREASES PRIME RATE.M&T BANK CORP - WILL INCREASE ITS PRIME LENDING RATE FROM 5.00% TO 5.25%.  Full Article

M&T Bank Corp - Sees Average Loan Growth For Fy2018 About Flat
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - M&T Bank Corp ::M&T BANK CORP - SEES AVERAGE LOAN GROWTH FOR FY2018 ABOUT FLAT.M&T BANK CORP - SEES LOW SINGLE-DIGIT GROWTH IN COMMERCIAL AND CONSUMER LOANS OFFSET BY CONTINUED RESIDENTIAL MORTGAGE RUNOFF IN 2018.M&T BANK CORP SAYS HIGHER INTEREST RATES CHALLENGE RESIDENTIAL MORTGAGE LOAN ORIGINATIONS - SEC FILING.M&T BANK CORP SAYS CREDIT CONDITIONS AND NEAR-TERM LOSS OUTLOOK REMAIN STABLE.M&T BANK CORP SAYS CAPITAL LEVELS DECLINING, BUT STILL EXCEED LOWER END OF PEER RANGE.  Full Article

M&T Bank Corp Announces Increased Common Stock Dividend
Wednesday, 22 Aug 2018 

Aug 21 (Reuters) - M&T Bank Corp ::ORATION ANNOUNCES INCREASED COMMON STOCK DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $1.00PER SHARE.DIVIDEND REPRESENTS AN INCREASE OF $0.20 PER SHARE, OR 25PCT, FROM PREVIOUS $0.80 PER SHARE DIVIDEND PAID IN Q2 OF 2018.  Full Article

Wgl Energy Secures $75 Million Financing From M&T Bank
Monday, 13 Aug 2018 

Aug 13 (Reuters) - AltaGas Ltd ::WGL ENERGY SECURES $75 MILLION FINANCING FROM M&T BANK.WGL ENERGY SYSTEMS SAYS HAS SECURED A $75 MILLION FINANCING PACKAGE FROM M&T BANK TO PROVIDE FUNDING FOR FUTURE SOLAR ENERGY PROJECTS.  Full Article

M&T Bank Corp Q2 GAAP Earnings Per Share $3.26
Wednesday, 18 Jul 2018 

July 18 (Reuters) - M&T Bank Corp ::M&T BANK CORPORATION ANNOUNCES SECOND QUARTER RESULTS.Q2 OPERATING EARNINGS PER SHARE $3.29.Q2 GAAP EARNINGS PER SHARE $3.26.Q2 EARNINGS PER SHARE VIEW $3.17 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS AGGREGATED $1.01 BILLION IN Q2, 7% HIGHER THAN $947 MILLION IN SIMILAR 2017 QUARTER.PROVISION FOR CREDIT LOSSES WAS $35 MILLION IN THE SECOND QUARTER OF 2018, COMPARED WITH $52 MILLION IN THE YEAR-EARLIER QUARTER.TANGIBLE EQUITY PER COMMON SHARE WAS $67.29 AT JUNE 30, 2018, COMPARED WITH $68.20 AT JUNE 30, 2017.QTRLY NET CHARGE-OFFS OF LOANS WERE $35 MILLION, COMPARED WITH $45 MILLION IN THE SECOND QUARTER OF 2017.  Full Article

M&T Bank Corporation Receives No Objection To Its 2018 Capital Plan
Friday, 29 Jun 2018 

June 28 (Reuters) - M&T Bank Corp ::M&T BANK CORPORATION RECEIVES NO OBJECTION TO ITS 2018 CAPITAL PLAN.M&T BANK CORP - 2018 CAPITAL PLAN INCLUDES REPURCHASE OF UP TO $1.8 BILLION OF COMMON SHARES DURING FOUR-QUARTER PERIOD BEGINNING JULY 1.M&T BANK CORP - 2018 CAPITAL PLAN INCLUDES AN INCREASE IN QUARTERLY COMMON STOCK DIVIDEND IN Q3 OF 2018 OF UP TO $0.20 PER SHARE TO $1.00 PER SHARE.  Full Article

M&T Bank CFO Says 2018 Operating Expenses To Increase Nominally- Conf Call
Monday, 16 Apr 2018 

April 16 (Reuters) - M&T Bank Corp ::M&T BANK CORP CFO SAYS OPERATING EXPENSES TO INCREASE NOMINALLY IN 2018- CONF CALL.  Full Article

M&T Bank Corp Q4 Operating Earnings Per Share $2.04
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - M&T Bank Corp ::ORATION ANNOUNCES 2017 FOURTH QUARTER AND FULL-YEAR RESULTS.Q4 OPERATING EARNINGS PER SHARE $2.04.Q4 EARNINGS PER SHARE VIEW $2.41 -- THOMSON REUTERS I/B/E/S.Q4 GAAP EARNINGS PER SHARE $2.01.- PROVISION FOR CREDIT LOSSES WAS $31 MILLION IN Q4 OF 2017, COMPARED WITH $62 MILLION IN YEAR-EARLIER QUARTER.- TANGIBLE EQUITY PER COMMON SHARE OF $69.08 AT DECEMBER 31, 2017 WAS UP 2% FROM $67.85 AT DECEMBER 31, 2016.- NET CHARGE-OFFS OF LOANS WERE $27 MILLION DURING QUARTER, COMPARED WITH $49 MILLION IN Q4 OF 2016.- QTRLY NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS AGGREGATED $980 MILLION, UP 11% FROM $883 MILLION IN YEAR-EARLIER QUARTER.- ESTIMATED INCREMENTAL INCOME TAX EXPENSE IN Q4 RELATED TO TAX ACT WAS $85 MILLION, OR$.56 OF DILUTED EPS.  Full Article