$MTB (M&T Bank Corporation)

$MTB {{ '2016-05-17T21:52:03+0000' | timeago}} • Announcement

$MTB said its BoD declared a quarterly cash dividend of $0.70 per share on its common stock. The dividend will be payable June 30, 2016 to shareholders of record at the close of business on June 1, 2016.

$MTB {{ '2017-12-21T16:04:08+0000' | timeago}} • Announcement

$MTB appointed Richard Gold as President and COO of the company and M&T Bank. Gold was also elected to the BoD of both the company and M&T Bank. Lead outside director Robert Brady, former Chairman and CEO of Moog Inc., was named $MTB's Non-Executive Chairman. Brady resumed his role as Vice Chairman and lead outside director of $MTB's Board.

$MTB {{ '2017-12-21T16:01:41+0000' | timeago}} • Announcement

$MTB appointed Rene Jones as Chairman and CEO of the company and its principal banking subsidiary, M&T Bank. He was also elected to the BoD of both $MTB and M&T Bank. Jones succeeds M&T's longtime Chairman and CEO Robert Wilmers, who died suddenly and unexpectedly at home on Dec. 16.

$MTB {{ '2017-12-18T12:06:11+0000' | timeago}} • Announcement

Financial services provider $MTB said its Chairman and CEO Robert Wilmers passed away unexpectedly. He was 83. Wilmers will be succeeded by Robert Brady, a former Chairman of Moog who serves on M&T Bank’s Board of Directors, has been named the Non-Executive Chairman. Wilmers had held the posts of Chairman and CEO of M&T Bank since May 1983.

$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.

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