M & T Bank (NYSE: MTB)
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M & T Bank Return vs. S&P
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M & T Bank Company Info
M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services. It operates through the following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking. The Business Banking segment provides services to small businesses and professionals through the company's branch network, business banking centers, and other delivery channels such as telephone banking, Internet banking and automated teller machines. The Commercial Banking segment offers credit products and banking services for middle-market and large commercial customers. The Commercial Real Estate segment includes credit and deposit services to its customers. The Discretionary Portfolio segment consists of investment and trading securities, residential mortgage loans and other assets, short-term and long-term borrowed funds, brokered certificates of deposit and interest rate swap agreements related thereto, and Cayman Islands branch deposits. The Residential Mortgage Banking segment consists of residential mortgage loans and sells substantially all of those loans in the secondary market to investors. The Retail Banking segment offers services to consumers through several delivery channels which include branch offices, automated teller machines, telephone banking, and Internet banking. The company was founded on August 30, 1856, and is headquartered in Buffalo, NY.
News & Analysis
Since the banking crisis began, investors have been looking ahead to issues they expect to see with commercial real estate loans.
M&T has not had the easiest time since the pandemic started in early 2020.
The Buffalo-based regional bank missed earnings estimates.
The bank's third-quarter results missed on both the top and bottom lines.
The bank easily beat analysts' first-quarter earnings estimates, and revenue was in line with expectations.
Buffett dumped this stock during the pandemic, but Wall Street has grown bullish.
The regional bank has some tailwinds pushing it in 2022.
Valuation
Earnings Transcripts
MTB earnings call for the period ending June 30, 2022.
MTB earnings call for the period ending March 31, 2022.
MTB earnings call for the period ending December 31, 2021.
MTB earnings call for the period ending September 30, 2021.
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