The headline numbers for M&T Bank (MTB) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
M&T Bank Corporation (MTB) came out with quarterly earnings of $3.92 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $2.81 per share a year ago.
M&T Bank Corporation MTB will release earnings results for its fourth quarter, before the opening bell on Thursday, Jan. 16, 2025.
MTB's fourth-quarter 2024 earnings are likely to have been hurt by rising costs. A rise in NII and loan balances is likely to have acted as a tailwind.
Beyond analysts' top -and-bottom-line estimates for M&T Bank (MTB), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
M&T Bank (MTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
M&T Bank (MTB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
M&T Bank Corporation, founded in 1856, offers diversified banking and financial services primarily in the Northeast and Mid-Atlantic regions. The bank's loan portfolio, mainly consisting of C&I loans, reflects a disciplined approach to underwriting. Though the performance may be underwhelming, the dividend profile and the valuation establish a bullish case for MTB.
Does M&T Bank Corporation (MTB) have what it takes to be a top stock pick for momentum investors? Let's find out.
M&T Bank Corporation MTB reported better-than-expected third-quarter financial results on Thursday.
M&T Bank Corporation has reported strong Q3 earnings, with EPS beating expectations due to lower credit loss provisions and modest expenses. Despite minimal growth in loans and a slight dip in deposits, the net interest margin improved to 3.62%, indicating stable future margins with orderly rate cuts. Asset quality has improved, with lower loan charge-offs and nonaccrual loans down 18% year-over-year, reflecting better borrower performance.
MTB's third-quarter 2024 results benefit from increased non-interest income and loans. A decline in NII acts as a spoilsport.