$MTB (M&T Bank Corporation)

$MTB {{ '2017-10-10T17:04:23+0000' | timeago}} • Announcement

$MTB said Wilmington Trust Corp. reached an agreement with the U.S. Attorney’s Office for the District of Delaware related to alleged conduct that took place between 2009 and 2010. Wilmington Trust is paying $60MM and settling the government's claims.

$MTB {{ '2017-12-13T21:04:50+0000' | timeago}} • Announcement

Effective Dec 14, 2017, $MTB announced it will increase its prime lending rate from 4.25% to 4.50%.

$MTB {{ '2017-10-18T15:14:20+0000' | timeago}} • Infographic

$MTB M&T Bank Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$MTB {{ '2017-10-18T13:53:05+0000' | timeago}} • Announcement

$MTB promoted Shelley Drake to the position of regional president for Western New York. Drake will directly manage middle market banking in $MTB's Western New York region, which includes 77 offices and a leading market share across the eight New York State counties of Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming.

$MTB {{ '2017-10-18T12:59:53+0000' | timeago}} • Announcement

$MTB reported a 2% YoY growth in profit for 3Q17 to $356MM. On a per-share basis, the company's earnings grew 5% to $2.21. Excluding certain items, the New York-based bank's earnings were $2.24. Net interest margin for the quarter came in at 3.53%, up 48 basis points. Allowance for credit losses increased 3.8% to $1.01Bil.

$MTB {{ '2017-10-10T17:04:23+0000' | timeago}} • Announcement

$MTB said Wilmington Trust Corp. reached an agreement with the U.S. Attorney’s Office for the District of Delaware related to alleged conduct that took place between 2009 and 2010. Wilmington Trust is paying $60MM and settling the government's claims.

$MTB {{ '2017-09-07T14:21:32+0000' | timeago}} • Announcement

$MTB announced that its Mid-Atlantic headquarters will move to a new 28-story building being constructed at 1 Light Street in downtown Baltimore. $MTB will take occupancy of the new building in late-2018, and has signed a 15-year lease with two five-year renewal options. Financing for 1 Light Street is being led by Natixis.

$MTB {{ '2017-08-21T17:32:00+0000' | timeago}} • Announcement

$MTB appointed Laura O’Hara as SVP and General Counsel, effective Aug 21, 2017. She will report to Richard Gold, M&T Vice Chairman, and be based in Buffalo, N.Y. O’Hara joins M&T with more than 30 years of litigation and regulatory compliance experience, most recently for Santander Bank, where she was EVP and General Counsel from 2015 to 2017.

$MTB {{ '2017-08-15T21:08:34+0000' | timeago}} • Announcement

$MTB declared a quarterly cash dividend of $0.75 per share on its common stock payable September 29, 2017 to shareholders of record on September 1, 2017.

$MTB {{ '2017-08-15T20:48:51+0000' | timeago}} • Announcement

$MTB announced the election of Richard H. Ledgett, Jr. of Crownsville, Maryland to its BoD, effective August 15, 2017. Mr. Ledgett was also elected to the BoD of M&T Bank, M&T’s principal banking subsidiary.

$MTB {{ '2017-07-19T16:05:59+0000' | timeago}} • Webcast

$MTB forecasts a modest growth in mortgage banking revenues in fiscal 2017. The company is all set to implement its capital plan shortly, and expects the expansion of non-interest margin to be muted in 3Q17. Efficiency ratio is forecast to be below the earlier outlook of 55% in the full fiscal year.

$MTB {{ '2017-07-19T15:31:49+0000' | timeago}} • Webcast

$MTB plans a five cents per share increase in its stock dividend. The company continues to expect average loans to be in the lower single digits this year, compared to last year.  Interest income is seen growing at a more modest rate than in the first half of 2017, and margins are expected to be under pressure from refinancing of long-term debts.

$MTB {{ '2017-07-19T12:01:30+0000' | timeago}} • Announcement

$MTB repurchased 1,409,807 shares of its common stock in Q217, at an average cost of $159.52 per share, for a total cost of $225MM. During the first six months of 2017, M&T repurchased 4,643,003 shares at a total cost of $757MM.

$MTB {{ '2017-07-19T11:56:28+0000' | timeago}} • Announcement

Financial services provider $MTB reported a 13% annual growth in 2Q17 profit to $381MM, helped by a further increase in net interest margin to 3.45%, combined with higher trust income and lower expenses. EPS advanced 19% to $2.35 during the quarter. Net operating income moved up 10% YoY to $386MM, and net interest income grew 9% to $947MM.

$MTB {{ '2017-06-29T12:04:29+0000' | timeago}} • Announcement

$MTB received no objections from the Federal Reserve to its 2017 Capital Plan and its proposed capital actions for the four quarter period beginning July 1, 2017. The plan includes repurchase of up to $900MM of common shares during that four-quarter period and an increase in quarterly dividend in 2Q18 of up to $0.05 to $0.80 per share.

$MTB {{ '2017-05-16T22:30:51+0000' | timeago}} • Announcement

$MTB BoD declared a quarterly cash dividend of $.75 per share on its common stock. The dividend will be payable June 30, 2017 to shareholders of record at the close of business on June 1, 2017.

$MTB {{ '2017-04-17T15:57:35+0000' | timeago}} • Webcast

Regarding digital migration, $MTB said that it has seen a slowdown in its teller assistance transaction, primarily to consumers, over the course of last four years. The company said it is also seeing strong adoption of its updated mobile app with increasing transaction activities.

$MTB {{ '2017-04-17T15:34:06+0000' | timeago}} • Webcast

$MTB expects its loan growth for 2017 to be in the low single digit. The company also expects low nominal growth in total operating expenses for 2017 compared to last year.

$MTB {{ '2017-04-17T11:33:31+0000' | timeago}} • Announcement

$MTB repurchased 3.2MM shares of its common stock during 1Q17 at a total cost of $532MM.

$MTB {{ '2017-04-17T11:30:25+0000' | timeago}} • Announcement

$MTB's provision for credit losses in 1Q17 was $55MM, compared with $49MM in the year-earlier quarter. Net charge-offs of loans were down 12% $43MM. Meanwhile, loans classified as nonaccrual totaled $927MM, compared to $877MM a year ago.

$MTB {{ '2017-04-17T11:22:42+0000' | timeago}} • Announcement

Bank holding company $MTB posted 17% growth in net income in 1Q17, due to a 26 BP widening of the net interest margin to 3.34%. Net income rose to $349MM, or $2.12 per share, from $299MM, or $1.73 per share in 1Q16. Taxable-equivalent net interest income totaled $922MM, up 5% from the year-ago quarter.

Recent Transcripts

BMO (Bank of Montreal)
Tuesday, December 5 2017 - 7:00pm
TD (The Toronto-Dominion Bank)
Thursday, November 30 2017 - 6:30pm
WBK (Westpac Banking Corporation)
Sunday, November 5 2017 - 11:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
BBVA (Banco Bilbao Vizcaya Argentaria, S.A.)
Friday, October 27 2017 - 7:30am
UBS (UBS Group AG)
Friday, October 27 2017 - 7:00am
SIVB (SVB Financial Group)
Thursday, October 26 2017 - 10:00pm
VLY (Valley National Bancorp)
Wednesday, October 25 2017 - 3:00pm
XL (XL Group plc)
Tuesday, October 24 2017 - 10:00pm
WAL (Western Alliance Bancorporation)
Friday, October 20 2017 - 4:00pm
STI (SunTrust Banks, Inc.)
Friday, October 20 2017 - 12:00pm
WTFC (Wintrust Financial Corporation)
Thursday, October 19 2017 - 6:00pm
WBS (Webster Financial Corp.)
Thursday, October 19 2017 - 1:00pm
CTO (Consolidated Tomoka Land Co.)
Thursday, October 19 2017 - 1:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, October 19 2017 - 12:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, October 18 2017 - 9:00pm
MTB (M&T Bank Corporation)
Wednesday, October 18 2017 - 3:00pm
USB (U.S. Bancorp)
Wednesday, October 18 2017 - 1:00pm
SNV (Synovus Financial Corporation)
Tuesday, October 17 2017 - 12:30pm
WFC (Wells Fargo & Company)
Friday, October 13 2017 - 2:00pm

AlphaGraphics you may like