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Last $120.81 USD
Change Today -2.40 / -1.95%
Volume 1.4M
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$122.52
Previous Close
$123.21
Day High
$123.24
Day Low
$120.57
52 Week High
03/23/15 - $129.58
52 Week Low
01/21/15 - $111.78
Market Cap
16.1B
Average Volume 10 Days
1.6M
EPS TTM
$7.42
Shares Outstanding
132.9M
EX-Date
02/26/15
P/E TM
16.3x
Dividend
$2.80
Dividend Yield
2.32%
Current Stock Chart for M & T BANK CORP (MTB)

m & t bank corp (MTB) Related Businessweek News

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m & t bank corp (MTB) Details

M&T Bank Corporation, a bank holding company, 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 commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company’s Commercial Real Estate segment offers credit services, which are secured by various types of multifamily residential and commercial real estate properties, as well as deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits, as well as foreign exchange services. The company’s Residential Mortgage Banking segment originates and services residential real estate loans 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 loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust and wealth management services; fiduciary and custodial services; securities brokerage and investment advisory services; and investment management services, as well as reinsures credit life, and accident and health insurance; and provides insurance agency services. M&T Bank Corporation offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2014, it had 693 banking offices in the United States; a commercial banking office in Canada; and an office in the Cayman Islands. M&T Bank Corporation was founded in 1856 and is based in Buffalo, New York.

14,609 Employees
Last Reported Date: 02/20/15
Founded in 1856

m & t bank corp (MTB) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.4M
President, Chief Operating Officer, Director...
Total Annual Compensation: $1.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.0M
Chief Risk Officer,Executive Vice President, ...
Total Annual Compensation: $1.1M
Executive Vice President, Vice Chairman of M&...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

m & t bank corp (MTB) Key Developments

M&T Bank Corporation Responds to Racial Discrimination Charges

M&T Bank Corp. has filed its official response to the racial discrimination lawsuit brought against the bank by a housing group based in New York City. M&T denies allegations that loan officers who work at the company's Park Avenue office deliberately withheld information about a first-time homebuyer program, saying it did not act with "discriminatory intent or malice." The bank is requesting dismissal of the lawsuit. Filed in February in Manhattan federal court, the charges were brought by the Fair Housing Justice Center, which in 2013 and 2014 employed nine women to pose as first-time homebuyers seeking residential mortgages from the bank. The group said that M&T concealed the nature of its Get Started loan program by not disclosing the program's racial criteria.

Jorge G. Pereira to Retire as Vice Chairman of the Boards of Directors of M&T Bank Corp. and M&T Bank

Wilmers disclosed that Jorge G. Pereira will retire after AGM as vice chairman of the boards of directors of M&T Bank Corp. and M&T Bank.

M&T Bank Announces Executive Appointments

Janet M. Coletti, an M&T executive with broad experience in both retail and small business banking management, has been promoted to Executive Vice President for Human Resources and appointed to M&T Bank's Management Committee. She will succeed Steve Braunscheidel as head of the company's Human Resources division, as he transitions to part-time status March 1 after a 36-year career at M&T. Mr. Braunscheidel began his career with M&T in 1978 and held various positions in retail banking, consumer lending, the M&T Investment Group and human resources. In 2004, he was promoted to head of human resources and joined the Management Committee. He will continue to consult with the bank, working on a part-time basis for the remainder of the year. Ms. Coletti has 30 years of experience at M&T. She began her career in 1985, as part of M&T's Management Development Program and has since held numerous positions in retail banking and retail operations. She has also provided support for numerous bank acquisitions and conversions. She assumed responsibility for the Business Banking division in 2010.

 

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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 16.3x
Price/Sales 3.7x
Price/Book 1.4x
Price/Cash Flow 15.1x
TEV/Sales NM Not Meaningful
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