M&T Bank Corporation (MTB) Stock

About M&T Bank Corporation

M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of financial solutions to both commercial enterprises and individual consumers. Its Business Banking division caters to small businesses and professionals, providing essential services such as deposit accounts, credit facilities, and treasury management solutions. The Commercial Banking arm extends its reach to middle-market and large corporate clients, supplying a robust suite of offerings including deposit products, commercial loans and leases, letters of credit, and sophisticated cash management tools. Dedicated to Commercial Real Estate, the company engages in the origination, sale, and servicing of commercial property loans, alongside offering deposit services tailored for this sector. The Discretionary Portfolio segment focuses on internal financial management, overseeing deposits, investment securities, residential real estate loans, and other assets, while also managing short- and long-term borrowed funds and foreign exchange operations. Through its Residential Mortgage Banking segment, M&T originates home loans for consumers, subsequently selling these loans in the secondary market. It also acquires servicing rights for loans initially originated by other institutions. The Retail Banking segment serves individual customers with a diverse array of financial products, including demand, savings, and time deposit accounts; various consumer installment loans such as automobile and recreational vehicle financing; home equity loans and lines of credit; credit cards; and investment vehicles like mutual funds and annuities. Beyond these, M&T Bank offers specialized financial services encompassing trust and wealth management, fiduciary and custodial services, insurance brokerage, institutional securities services, and investment management. Customers can access these services through an extensive network of physical banking offices, dedicated business banking centers, as well as via telephone, online platforms, and automated teller machines (ATMs). As of December 31, 2021, the corporation maintained 688 domestic banking locations across New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Additionally, it operates a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation, established in 1856, has its corporate headquarters situated in Buffalo, New York.

M&T Bank Corporation is led by CEO Rene F. Jones, employs 22,291 people, headquartered in Buffalo, US, publicly traded since 1980.

M&T Bank Corporation (MTB) stock trades at $248.28 with a market capitalization of $35.98B. The stock is valued at a price-to-earnings (P/E) ratio of 11.90, price-to-book of 1.22, price-to-sales of 2.43. Over the past 52 weeks the stock has ranged between $174.76 and $253.88, and currently trades 2.2% below its 52-week high. It pays a dividend yielding 2.86%.

On profitability, M&T Bank Corporation generates a return on equity (ROE) of 10.29%, return on capital employed of 12.65%, an operating margin of 29.99%, a net profit margin of 23.71%.

In its most recent fiscal year, M&T Bank Corporation reported annual revenue of $12.3B, net profit of $2.9B, revenue has compounded at 14.4% a year over the last five years, profit at 16.1% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.68, a current ratio of 0.32, total assets of $213.5B, $18.8B in cash and equivalents.

MTB has an average daily trading volume of 1,099,664 shares, a beta of 0.59 (less volatile than the overall market).

Official website: www.mtb.com