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M&T Bank Corporation

MTB

Latest Trade

118.84USD

Change

0.75(+0.64%)

Volume

968,939

Today's Range

118.52

 - 

121.04

52 Week Range

85.09

 - 

174.00

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Berkshire Hathaway Takes Share Stake In Abbvie, Cuts In JPMorgan & Barrick

Nov 16 (Reuters) - Berkshire Hathaway Inc::BERKSHIRE HATHAWAY INC TAKES SHARE STAKE IN ABBVIE INC OF 21.3 MILLION SHARES - SEC FILING.BERKSHIRE HATHAWAY CUTS SHARE STAKE IN JPMORGAN CHASE & CO BY 95.6% TO 967,267 SHARES.BERKSHIRE HATHAWAY CUTS SHARE STAKE IN BARRICK GOLD CORP BY 42.6% TO 12 MILLION SHARES.BERKSHIRE HATHAWAY CUTS SHARE STAKE IN PNC FINANCIAL SERVICES GROUP INC BY 64.1% TO 1.9 MILLION SHARES.BERKSHIRE HATHAWAY RAISES SHARE STAKE IN KROGER CO BY 13.8% TO 25 MILLION SHARES.BERKSHIRE HATHAWAY: CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2020 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2020.

M&T Bank Corporation Announces Third Quarter Results

Oct 22 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES THIRD QUARTER RESULTS.Q3 OPERATING EARNINGS PER SHARE $2.77.Q3 GAAP EARNINGS PER SHARE $2.75.Q3 EARNINGS PER SHARE ESTIMATE $2.61 -- REFINITIV IBES DATA.NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $947 MILLION IN RECENT QUARTER, COMPARED WITH $1.04 BILLION IN Q3 OF 2019.M&T BANK - PROVISION FOR CREDIT LOSSES TOTALED $150 MILLION IN Q3 OF 2020, UP FROM $45 MILLION IN YEAR-EARLIER QUARTER.M&T BANK - ALLOWANCE FOR CREDIT LOSSES TOTALED $1.76 BILLION OR 1.79% OF LOANS OUTSTANDING AT SEPT 30, VERSUS $1.04 BILLION OR 1.16% AT SEPT 30, 2019.

M&T Bank Corporation Announces Q2 Operating Earnings Per Share $1.76

July 23 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES SECOND QUARTER RESULTS.Q2 OPERATING EARNINGS PER SHARE $1.76.Q2 EARNINGS PER SHARE ESTIMATE $1.65 -- REFINITIV IBES DATA.Q2 GAAP EARNINGS PER SHARE $1.74.PROVISION FOR CREDIT LOSSES WAS $325 MILLION IN Q2.M&T BANK - NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $961 MILLION IN QUARTER VERSUS $1.05 BILLION IN Q2 OF 2019.NET LOAN CHARGE-OFFS WERE $71 MILLION DURING Q2,.TANGIBLE EQUITY PER COMMON SHARE WAS $78.62 AT JUNE 30, 2020, COMPARED WITH $73.29 AT JUNE 30, 2019.DURING QUARTER ADDED TO PROVISION FOR CREDIT LOSSES AND AT SAME TIME GREW COMMON EQUITY TIER 1 RATIO TO 9.51%.FINANCIAL RESULTS FOR Q2 WERE ADVERSELY IMPACTED BY THE COVID-19 PANDEMIC.

M&T Bank Says M&T's Preliminary Stress Capital Buffer Has Been Set At 2.5% Minimum

June 30 (Reuters) - M&T Bank Corp <MTB.N>::M&T BANK CORP - M&T'S PRELIMINARY STRESS CAPITAL BUFFER HAS BEEN SET AT 2.5 PERCENT MINIMUM.M&T BANK CORP - CO WILL BE SUBJECT TO 7.0% CET1 RATIO THRESHOLD UNDER SCB REGULATION WHICH BECOMES EFFECTIVE OCTOBER 1, 2020.

M&T Bank Says Q1 Operating Earnings Per Share $1.95

April 20 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES FIRST QUARTER RESULTS.Q1 OPERATING EARNINGS PER SHARE $1.95.Q1 EARNINGS PER SHARE ESTIMATE $2.47 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE $1.93.PROVISION FOR CREDIT LOSSES OF $250 MILLION WAS RECORDED IN Q1 2020.Q1 2020 RESULTS WERE ADVERSELY IMPACTED BY COVID-19 PANDEMIC.QTRLY NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $982 MILLION, COMPARED WITH $1.06 BILLION IN Q1 2019.QTRLY NET LOAN CHARGE-OFFS WERE $49 MILLION, COMPARED WITH $22 MILLION IN INITIAL QUARTER OF 2019.TANGIBLE EQUITY PER COMMON SHARE WAS $77.60 AT MARCH 31, 2020, COMPARED WITH $71.19 AT MARCH 31, 2019.M&T BANK - SIGNIFICANT INCREASE IN QTRLY PROVISION FOR CREDIT LOSSES COMPARED WITH PRIOR QTRS FOLLOWS ADOPTION OF NEW ACCOUNTING GUIDANCE ON JAN 1, 2020.M&T BANK - SIGNIFICANT INCREASE IN QTRLY PROVISION FOR CREDIT LOSSES COMPARED WITH PRIOR QTRS REFLECTS UPDATED ASSUMPTIONS & PROJECTIONS AS A RESULT OF COVID-19.M&T BANK - IN ACCORDANCE WITH ITS CAPITAL PLAN, REPURCHASED 2.6 MILLION SHARES OF ITS COMMON STOCK DURING QUARTER AT TOTAL COST OF $374 MILLION.M&T BANK - FULL IMPACT OF COVID-19 ON CO'S FUTURE FINANCIAL RESULTS IS UNCERTAIN & NOT CURRENTLY ESTIMABLE, CO BELIEVES THAT IMPACT COULD BE MATERIAL.

M&T Bank Corporation Announces Q4 Earnings Per Share $3.60

Jan 23 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES 2019 FOURTH QUARTER AND FULL-YEAR RESULTS.Q4 OPERATING EARNINGS PER SHARE $3.62.Q4 EARNINGS PER SHARE ESTIMATE $3.47 -- REFINITIV IBES DATA.Q4 GAAP EARNINGS PER SHARE $3.60.M&T BANK - NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $1.01 BILLION IN Q4 2019, VERSUS $1.06 BILLION IN YEAR-EARLIER QUARTER.PROVISION FOR CREDIT LOSSES WAS $54 MILLION IN FINAL QUARTER OF 2019, COMPARED WITH $38 MILLION IN CORRESPONDING 2018 QUARTER.NET LOAN CHARGE-OFFS WERE $41 MILLION DURING RECENT QUARTER, COMPARED WITH $38 MILLION IN Q4 OF 2018.TANGIBLE EQUITY PER COMMON SHARE WAS $75.44 AT DECEMBER 31, 2019, VERSUS $69.28 AT DECEMBER 31, 2018."STRONG GROWTH IN INCOME FROM MORTGAGE BANKING AND TRUST BUSINESSES LED REVENUE IMPROVEMENT IN QUARTER".

M&T Bank Corp Announces Increased Common Stock Dividend

Nov 19 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES INCREASED COMMON STOCK DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $1.10PER SHARE.M&T BANK - NEW DIVIDEND REPRESENTS INCREASE OF $0.10 PER SHARE FROM PREVIOUS $1.00 PER SHARE DIVIDEND PAID IN Q3 OF 2019.QUARTERLY CASH DIVIDEND OF $1.10 PER SHARE REPRESENT 10% INCREASE FROM PREVIOUS $1.00 PER SHARE DIVIDEND PAID IN Q3 OF 2019.

M&T Bank Corporation Announces Third Quarter Results

Oct 17 (Reuters) - M&T Bank Corp <MTB.N>::M&T BANK CORP ANNOUNCES THIRD QUARTER RESULTS.Q3 OPERATING EARNINGS PER SHARE $3.50.Q3 EARNINGS PER SHARE ESTIMATE $3.57 -- REFINITIV IBES DATA.Q3 GAAP EARNINGS PER SHARE $3.47.PROVISION FOR CREDIT LOSSES WAS $45 MILLION IN Q3 OF 2019, COMPARED WITH $16 MILLION IN YEAR-EARLIER QUARTER.NET LOAN CHARGE-OFFS WERE $36 MILLION DURING RECENT QUARTER, COMPARED WITH $16 MILLION IN Q3 OF 2018.M&T BANK - QTRLY NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS $1.04 BILLION, LITTLE CHANGED FROM YEAR-EARLIER QUARTER.TANGIBLE EQUITY PER COMMON SHARE WAS $74.93 AT SEPTEMBER 30, 2019, COMPARED WITH $67.64 AT SEPTEMBER 30, 2018.

M&T Bank Corp Reports Q2 Operating Earnings Per Share Of $3.37

July 18 (Reuters) - M&T Bank Corp <MTB.N>::ORATION ANNOUNCES SECOND QUARTER RESULTS.Q2 OPERATING EARNINGS PER SHARE $3.37.Q2 EARNINGS PER SHARE ESTIMATE $3.69 -- REFINITIV IBES DATA.Q2 GAAP EARNINGS PER SHARE $3.34.NET INTEREST INCOME EXPRESSED ON A TAXABLE-EQUIVALENT BASIS TOTALED $1.05 BILLION IN 2019'S Q2, UP 3%.PROVISION FOR CREDIT LOSSES WAS $55 MILLION IN Q2 OF 2019, COMPARED WITH $35 MILLION IN YEAR-EARLIER QUARTER.NET LOAN CHARGE-OFFS WERE $44 MILLION DURING RECENT QUARTER, COMPARED WITH $35 MILLION IN Q2 OF 2018.M&T BANK - Q2 NET INCOME AS ANNUALIZED RATE OF RETURN ON AVERAGE ASSETS & AVERAGE COMMON SHAREHOLDERS' EQUITY WAS 1.60% AND 12.68%, RESPECTIVELY.IN JULY 2019, M&T AGREED TO SELL ITS INTEREST IN AN ASSET MANAGER; RECORDED A $48 MILLION CHARGE AS OF JUNE 30, 2019.

M&T Bank Corp Says Authorized New Stock Repurchase Program

July 17 (Reuters) - M&T Bank Corp <MTB.N>::M&T BANK CORP - AUTHORIZED A NEW STOCK REPURCHASE PROGRAM TO REPURCHASE UP TO $1.635 BILLION OF SHARES THROUGH JUNE 30, 2020.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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