M&T Bank Corporation (MTB) is currently priced at $219.21, reflecting a $1.29 increase from the previous close, a 0.592% rise. Trading volume stands at $144,932, 11.86% above the average volume.
In the latest quarterly earnings report on Tuesday, April 14th, MTB surpassed expectations with an EPS of 4.01.
MTB offers a forward dividend yield of 2.74%, with a dividend per share MRQ of $1.5 and a TTM of $5.85.
MTB generated a free cash flow of $467 million and had a net change in cash of -$2 billion, ending the period with $-104 million cash.
Revenue for MTB was $3.23 billion, resulting in a gross profit of $2.30 billion. Operating income stood at $863 million, with a net income of $664 million, translating to an EPS of $4.07.
Key ratios for MTB include a net profit margin of 20.59%, return on equity at 2.37%, and a price-to-earnings ratio of 12.71.
MTB shows a strong financial position with total assets of $214.74 billion, including $1.90 billion in cash and cash equivalents and $190.94 billion in long-term investments.
This comprehensive analysis indicates a positive trend for M&T Bank Corporation, supported by strong financial performance and healthy cash flow management.
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.