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M&T Bank Corp Stock Research

MTB

123.60USD+2.51(+2.07%)Market Closed

Market Summary

USD123.60+2.51
Market Closed
2.07%

MTB Alerts

MTB Stock Price

MTB RSI Chart

MTB Valuation

Market Cap

21.9B

Price/Earnings (Trailing)

15.92

Price/Sales (Trailing)

3.51

EV/EBITDA

2.89

Price/Free Cashflow

4.8

MTB Price/Sales (Trailing)

MTB Profitability

EBT Margin

41.80%

Return on Equity

5.44%

Return on Assets

0.69%

Free Cashflow Yield

20.85%

MTB Fundamentals

MTB Revenue

Revenue (TTM)

7.6B

Revenue Y/Y

150.68%

Revenue Q/Q

12.29%

MTB Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

93.73%

Earnings Q/Q

361.59%

Price Action

52 Week Range

109.36193.42
(Low)(High)

Last 7 days

1.6%

Last 30 days

2.5%

Last 90 days

-20.8%

Trailing 12 Months

-30%

MTB Financial Health

Debt/Equity

0.16

Debt/Cashflow

1.15

MTB Investor Care

Shares Dilution (1Y)

35.68%

Diluted EPS (TTM)

13.01

Peers (Alternatives to M&T Bank)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
BNS
56.4B
40.0B
 0.51% -23.50%
5.3
1.79
 34.99% -10.60%
MTB
21.9B
7.6B
 2.46% -30.00%
15.92
3.51
 98.59% -3.15%
CFG
13.1B
8.2B
 -7.37% -31.52%
6.04
1.58
 70.15% 1.69%
MID-CAP
EWBC
7.6B
2.7B
 -0.45% -29.80%
6.71
3.26
 63.22% 33.92%
SIVB
6.3B
5.7B
 -67.21% -80.32%
3.9
1.11
 72.48% -22.38%
CBSH
5.9B
1.1B
 -8.82% -28.69%
12.1
5.41
 28.89% -5.45%
PB
5.3B
1.1B
 -3.48% -17.88%
10.13
4.85
 4.58% 1.01%
BPOP
4.3B
2.7B
 0.27% -26.69%
4.05
1.59
 25.66% 18.78%
FFIN
3.8B
457.4M
 -4.81% -34.39%
16.62
8.4
 19.47% 1.97%
WAL
3.5B
3.2B
 -4.61% -54.86%
3.34
1.31
 75.57% 1.33%
SMALL-CAP
BANR
1.8B
483.8M
 -6.21% -19.86%
9.28
4.02
 10.67% 4.45%
SBCF
1.8B
460.3M
 - -36.59%
18.45
3.92
 57.00% -12.16%
LKFN
1.3B
270.8M
 -0.52% -28.21%
12.49
4.82
 40.09% 8.36%
HTLF
1.2B
750.4M
 -10.92% -33.85%
5.79
1.82
 28.80% 5.55%

Financials for M&T Bank

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue22.4%7,6466,2475,1334,3453,850
EBITDA18.3%8,4337,1296,2276,085-
EBITDA Margin-2.8%1.35*1.39*1.43*1.58*-
Earnings Before Taxes17.3%3,0622,6112,2002,0102,338
EBT Margin-2.5%0.42*0.43*0.46*0.61*-
Interest Expenses18.1%5,8224,9284,2173,748-
Net Income24.6%1,7181,3781,6841,5331,774
Net Income Margin-32.8%0.22*0.33*0.68*0.46*-
Free Cahsflow5.9%4,5744,3173,6663,016-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q42022Q32022Q2
Assets1.1%202,956200,730199,343197,955204,033
    Cash Equivalents19.6%1,8181,5202,2561,688-
  Net PPE0.6%1,6641,6541,6201,600-
  Goodwill0%8,4908,4908,5018,501-
Liabilities1.2%177,579175,412172,699178,238-
.    Short Term Borrowings96.8%6,9953,5559181,119-
  Long Term Debt88.2%7,4633,9653,4593,017-
Shareholder's Equity0.2%25,37725,3186.0025,25625,795
  Retained Earnings2.9%16,21215,75415,22014,809-
  Additional Paid-In Capital-0.2%9,98610,0039,9949,987-
Shares Outstanding-1.6%175177---
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-19.0%3,7064,5744,3173,6663,016
Cashflow From Investing-35.8%10,64916,59316,8049,389-504
Cashflow From Financing33.5%-13,948-20,983-20,345-12,777-2,360
  Dividend Payments8.1%848784734666595
  Buy Backs32.9%2,3921,8002,4001,200-

Risks for MTB

What is the probability of a big loss on MTB?

65.4%

Probability that M&T Bank stock will be more than 20% underwater in next one year

23.9%

Probability that M&T Bank stock will be more than 30% underwater in next one year.

19.6%

Probability that M&T Bank stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MTB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if M&T Bank was unfortunately bought at previous high price.

Drawdowns

Returns for MTB

Cumulative Returns on MTB

3.9%

10-Year Cumulative Returns

2.8%

7-Year Cumulative Returns

-4.9%

5-Year Cumulative Returns

7.2%

3-Year Cumulative Returns

What are the long-term rolling returns for MTB?

FIve years rolling returns for M&T Bank.

Annualized Returns

Which funds bought or sold MTB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-24
Verity Asset Management, Inc.
new
-
388,722
388,722
 0.23%
2023-05-24
Old North State Trust, LLC
unchanged
-
-36,000
170,000
 0.12%
2023-05-23
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
reduced
-9.9
-452,372
1,305,460
 0.09%
2023-05-23
Toroso Investments, LLC
added
197
1,283,000
2,166,000
 0.04%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-7.19
-22,676,000
73,631,000
 0.02%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
329,000
 0.01%
2023-05-19
Coppell Advisory Solutions LLC
sold off
-100
-8,198
-
 -%
2023-05-18
GSB Wealth Management, LLC
added
1.03
-110,757
551,542
 0.18%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-4.82
-7,748,000
28,216,000
 0.04%
2023-05-18
COURIER CAPITAL LLC
added
0.69
-795,640
3,882,430
 0.43%

1–10 of 43

Latest Funds Activity

Are funds buying MTB calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MTB
No. of Funds

MTB Alerts

M&T Bank News

InvestorsObserver
Is M&t Bank Corp (MTB) Stock Over or Undervalued?.
InvestorsObserver,
2 months ago
InvestorsObserver
Is M&t Bank Corp (MTB) Stock Trading Below Fair Value?.
InvestorsObserver,
2 months ago
TheStreet
M&T Bank Corporation (MTB) Stock Price, News & Historical Data.
TheStreet,
5 years ago

Schedule 13G FIlings of M&T Bank

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.79%
20,344,678
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 06, 2023
wellington management group llp
6.49%
11,207,528
SC 13G/A
Feb 03, 2023
state street corp
4.60%
7,948,380
SC 13G/A
Jan 31, 2023
blackrock inc.
7.5%
12,997,787
SC 13G/A
Feb 11, 2022
state street corp
5.83%
7,500,122
SC 13G/A
Feb 10, 2022
vanguard group inc
11.11%
14,291,165
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 04, 2022
wellington management group llp
6.09%
7,835,045
SC 13G
Feb 01, 2022
blackrock inc.
8.1%
10,376,365
SC 13G/A

MTB Fair Value

Recent SEC filings of M&T Bank

View All Filings
Date Filed Form Type Document
May 19, 2023
4
Insider Trading
May 17, 2023
144
Notice of Insider Sale Intent
May 17, 2023
8-K
Current Report
May 15, 2023
10-Q/A
Quarterly Report
May 11, 2023
13F-HR
Fund Holdings Report
May 05, 2023
10-Q
Quarterly Report
May 02, 2023
4
Insider Trading
May 02, 2023
4
Insider Trading
May 02, 2023
4
Insider Trading
May 02, 2023
4
Insider Trading

Latest Insider Trading transactions for MTB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-17
Seseri Rudina
sold
-82,880
118
-700
-
2023-04-28
GEISEL GARY N
acquired
-
-
954
-
2023-04-28
RICH MELINDA R
acquired
-
-
954
-
2023-04-28
WALTERS KIRK W
acquired
-
-
954
-
2023-04-28
CUNNINGHAM T JEFFERSON III
acquired
-
-
954
-
2023-04-28
BRADY ROBERT T
acquired
-
-
1,034
-
2023-04-28
Cruger William Frank Jr.
acquired
-
-
954
-
2023-04-28
Chwick Jane
acquired
-
-
954
-
2023-04-28
Scannell John
acquired
-
-
954
-
2023-04-28
GODRIDGE LESLIE V
acquired
-
-
954
-

1–10 of 50

About M&T Bank

René F. Jones
www.mtb.com
17600
M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

MTB Income Statement

2023-03-31
Consolidated Statement of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income  
Loans and leases, including fees$ 1,849,656$ 870,600
Investment securities  
Fully taxable181,58739,132
Exempt from federal taxes16,61150
Deposits at banks278,41718,280
Other714194
Total interest income2,326,985928,256
Interest expense  
Savings and interest-checking deposits277,0686,747
Time deposits89,1971,397
Short-term borrowings57,7761
Long-term borrowings84,68015,937
Total interest expense508,72124,082
Net interest income1,818,264904,174
Provision for credit losses120,00010,000
Net interest income after provision for credit losses1,698,264894,174
Other income  
Brokerage services income24,04120,190
Trading account and other non-hedging derivative gains11,6755,369
Gain (loss) on bank investment securities(416)(743)
Other revenues from operations159,500136,203
Total other income587,133540,887
Other expense  
Salaries and employee benefits807,942577,520
Equipment and net occupancy126,90485,812
Outside data processing and software105,78079,719
FDIC assessments29,75815,576
Advertising and marketing31,06316,024
Printing, postage and supplies14,18310,150
Amortization of core deposit and other intangible assets17,2081,256
Other costs of operations226,392173,684
Total other expense1,359,230959,741
Income before taxes926,167475,320
Income taxes224,543113,146
Net income701,624362,174
Net income available to common shareholders  
Basic675,508339,589
Diluted$ 675,511$ 339,590
Net income per common share  
Basic$ 4.03$ 2.63
Diluted$ 4.01$ 2.62
Average common shares outstanding  
Basic167,732128,945
Diluted168,410129,416
Mortgage Banking Revenues [Member]  
Other income  
Revenue from contract with customer$ 84,985$ 109,148
Service Charges on Deposit Accounts [Member]  
Other income  
Revenue from contract with customer113,546101,507
Trust Income [Member]  
Other income  
Revenue from contract with customer$ 193,802$ 169,213

MTB Balance Sheet

2023-03-31
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 1,817,740$ 1,517,244
Interest-bearing deposits at banks22,306,42524,958,719
Federal funds sold 3,000
Trading account165,216117,847
Investment securities  
Available for sale (cost: $11,393,916 at March 31, 2023; $11,193,152 at December 31, 2022)11,038,92210,748,961
Held to maturity (fair value: $15,203,711 at March 31, 2023; $12,375,420 at December 31, 2022)16,201,57113,529,969
Equity and other securities (cost: $1,204,957 at March 31, 2023; $933,766 at December 31, 2022)1,202,716931,941
Total investment securities28,443,20925,210,871
Loans and leases133,531,052132,074,156
Unearned discount(593,360)(509,993)
Loans and leases, net of unearned discount132,937,692131,564,163
Allowance for credit losses(1,975,110)(1,925,331)
Loans and leases, net130,962,582129,638,832
Premises and equipment1,664,0211,653,628
Goodwill8,490,0898,490,089
Core deposit and other intangible assets192,166209,374
Accrued interest and other assets8,914,9598,930,237
Total assets202,956,407200,729,841
Liabilities  
Noninterest-bearing deposits59,955,03365,501,860
Savings and interest-checking deposits86,282,68587,911,463
Time deposits12,837,52210,101,545
Total deposits159,075,240163,514,868
Short-term borrowings6,995,3023,554,951
Accrued interest and other liabilities4,045,8044,377,495
Long-term borrowings7,462,8903,964,537
Total liabilities177,579,236175,411,851
Shareholders' equity  
Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of $1,000 per share: 350,000 shares at March 31, 2023 and December 31, 2022; Liquidation preference of $10,000 per share: 140,000 shares at March 31, 2023 and December 31, 2022; Liquidation preference of $25 per share: 10,000,000 shares at March 31, 2023 and December 31, 20222,010,6002,010,600
Common stock, $.50 par, 250,000,000 shares authorized,179,436,779 shares issued at March 31, 2023 and December 31, 202289,71889,718
Common stock issuable, 11,998 shares at March 31, 2023;14,031 shares at December 31, 20229571,112
Additional paid-in capital9,986,32510,002,891
Retained earnings16,212,09515,753,978
Accumulated other comprehensive income (loss), net(645,005)(790,030)
Treasury stock - common, at cost -13,583,874 shares at March 31, 2023; 10,165,419 shares at December 31, 2022(2,277,519)(1,750,279)
Total shareholders’ equity25,377,17125,317,990
Total liabilities and shareholders’ equity$ 202,956,407$ 200,729,841