Last $123.22 USD
Change Today +0.77 / 0.63%
Volume 724.8K
MTB On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

m & t bank corp (MTB) Snapshot

Open
$122.64
Previous Close
$122.45
Day High
$123.27
Day Low
$121.55
52 Week High
12/5/14 - $128.96
52 Week Low
01/21/15 - $111.78
Market Cap
16.4B
Average Volume 10 Days
749.1K
EPS TTM
$7.42
Shares Outstanding
132.9M
EX-Date
02/26/15
P/E TM
16.6x
Dividend
$2.80
Dividend Yield
2.27%
Current Stock Chart for M & T BANK CORP (MTB)

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m & t bank corp (MTB) Details

M&T Bank Corporation operates as the bank holding company for M&T Bank that 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 commercial real estate loans secured by various types of multifamily residential and commercial real estate properties, and deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements; and Cayman Islands office deposits, as well as foreign exchange services. The company’s Residential Mortgage Banking segment originates and services residential mortgage 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 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, 2013, it had 720 banking offices in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia; a commercial banking office in Ontario, Canada; and an office in George Town, the Cayman Islands. The company was founded in 1856 and is headquartered 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: $900.0K
Executive Vice President, Vice Chairman of M&...
Total Annual Compensation: $900.0K
Advisor of M&T Bank
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

m & t bank corp (MTB) Key Developments

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.

M&T Bank Corporation Declares First Quarter Cash Dividend, Payable on March 31, 2015

M&T Bank Corporation announced that it has declared quarterly cash dividend of $0.70 per share on its common stock. The dividend will be payable on March 31, 2015 to shareholders of record at the close of business on March 2, 2015.

M&T Bank Announces Next Step in Discrimination Case Set for April

M&T Bank and the New York City housing group accusing the Buffalo bank of racial discrimination is scheduled to take place in early April. According to an order filed with the U.S. District Court Southern District of New York, attorneys for M&T and Fair Housing Justice Center Inc. will meet April 7. The housing group filed a lawsuit in Manhattan federal court, claiming that loan officers in M&T Bank's Park Avenue mortgage office deliberately limited information about a first-time homebuyer program. In response to the lawsuit, M&T has pointed to its long history of high scores on Community Reinvestment Act exams and its commitment to fair lending.

 

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Industry Analysis

MTB

Industry Average

Valuation MTB Industry Range
Price/Earnings 16.5x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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