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M&T Bank Corp (MTB.N)

MTB.N on New York Stock Exchange

171.02USD
13 Dec 2017
Change (% chg)

$-1.47 (-0.85%)
Prev Close
$172.49
Open
$172.73
Day's High
$173.74
Day's Low
$170.74
Volume
140,368
Avg. Vol
157,024
52-wk High
$176.27
52-wk Low
$141.15

Latest Key Developments (Source: Significant Developments)

M&T Bank Corp Q2 GAAP EPS $1.98
Wednesday, 20 Jul 2016 06:51am EDT 

M&T Bank Corp : Says net charge-offs of loans were $24 million during recent quarter, compared with $21 million in Q2 of 2015 . Q2 GAAP earnings per share $1.98 . Tangible equity per common share rose 13 pct to $66.95 at recent quarter-end from $59.39 year earlier,was up 2 pct from $65.65 at March 31, 2016. . m&t bank corporation announces second quarter results . Q2 operating earnings per share $2.07 . Q2 earnings per share view $2.08 -- Thomson Reuters I/B/E/S . Net interest income expressed on a taxable-equivalent basis totaled $870 million in recent quarter, up 26 pct from $689 million in Q2 of 2015 .Says Q2 provision for credit losses was $32 million in Q2 of 2016, compared with $30 million in year-earlier quarter.  Full Article

M&T Bank authorized stock repurchase program up to $1.15 bln
Tuesday, 19 Jul 2016 04:15pm EDT 

M&T Bank Corp : Says Authorized A New Stock Repurchase Program To Repurchase Up To $1.15 Bln Of Shares Of Its Common Stock - SEC filing .M&T Bank Corp says shares that are repurchased under stock repurchase program will be held in M&T's treasury.  Full Article

M&T Bank Corporation receives no objection to its 2016 capital plan
Wednesday, 29 Jun 2016 04:48pm EDT 

M&T Bank Corp : M&T Bank Corporation receives no objection to its 2016 capital plan . M&T Bank Corp Says 2016 capital plan includes repurchase of up to $1.15 bln of common shares during four-quarter period starting on July 1, 2016 .Says increase in quarterly common stock dividend in q1 of 2017 of up to $0.05 per share to $0.75 per share.  Full Article

M&T Bank in $64 mln settlement with U.S. over mortgage loans
Friday, 13 May 2016 10:00am EDT 

M&T Bank Corp : U.S. says M&T Bank Corp to pay $64 million to resolve false claims act case over fha-insured mortgage lending . Settlement announced by U.S. Department of Justice . Was accused of knowingly certifying mortgage loans for fha insurance that did not meet underwriting requirements . Justice Department says M&T admitted to improper loan certifications from 2006-2011.  Full Article

M&T Bank Corp - M&T's Wilmington Trust indicted in U.S. over loans - Reuters
Wednesday, 6 Jan 2016 07:41pm EST 

M&T Bank Corp:Wilmington Trust Co has been indicted over its role in concealing problematic loans on its books from regulators after the financial crisis, joining four former executives who were previously charged, federal prosecutors said on Wednesday - RTRS.U.S. Attorney Charles Oberly in Delaware said Wilmington Trust, now part of Buffalo, New York-based M&T Bank Corp, was the first recipient of federal bailout money under the Troubled Asset Relief Program (TARP) to be indicted. - RTRS.M&T was not charged in the new 19-count indictment, which accuses various defendants of making false statements in securities filings and to U.S. government agencies. - RTRS.Oberly said the alleged criminal conduct in the indictment predated M&T's May 2011 purchase of Wilmington, and related solely to Wilmington's commercial banking operations - RTRS.Prosecutors accused the Wilmington defendants of having from October 2009 to November 2010 concealed the quantity of past-due loans on the company's books, making its finances look better and helping it raise $273.9 million in a February 2010 stock offering. - RTRS.In prior filings, prosecutors have said Wilmington at times underreported by more than $300 million the amount of loans at least 90 days past due. - RTRS.Wilmington received $330 million from TARP. - RTRS.  Full Article

U.S. should let more companies offer bank services: regulator

WASHINGTON/NEW YORK U.S. regulations that bar companies such as Wal-Mart Stores Inc from providing banking services should be reviewed as they reduce competition and concentrate more risk among a smaller number of banks, a U.S. banking regulator said on Wednesday.