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.
M&T Bank Corporation (NYSE:MTB ) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Brian Klock - Head, Markets & IR Daryl Bible - Senior Executive Vice President & CFO Conference Call Participants Gerard Cassidy - RBC Ebrahim Poonawala - Bank of America Manan Gosalia - Morgan Stanley Chris Spahr - Wells Fargo Dave Rochester - Compass Point Frank Schiraldi - Piper Sandler John Pancari - Evercore ISI Nathan Stein - Deutsche Bank Zach Westerlind - UBS Operator Welcome to the M&T Bank Third Quarter 2024 Earnings Conference Call. All lines have been placed on listen-only mode and the floor will be open for your questions following the presentation.