M & T Bank (MTB)

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Company profile

Ticker

MTB, MTB-PH

Exchange

NYSE

Website

www.mtb.com

CEO

Rene Jones

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares • Hancock Whitney ...

Former names

FIRST EMPIRE STATE CORP

SEC CIK

0000036270

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

IRS number

160968385

MTB stock data

1M 1Y 5Y

News

From Benzinga Pro

Barclays Maintains Overweight on M&T Bank, Raises Price Target to $238

21 Jul 22

Barclays analyst Jason Goldberg maintains M&T Bank (NYSE:MTB) with a Overweight and raises the price target from $230 to $238.

Morgan Stanley Maintains Overweight on M&T Bank, Raises Price Target to $222

21 Jul 22

Morgan Stanley analyst Betsy Graseck maintains M&T Bank (NYSE:MTB) with a Overweight and raises the price target from $203 to $222.

M&T Bank Corporation (MTB) Q2 Earnings Meet Estimates

20 Jul 22

M&T Bank Corporation (NYSE: MTB) came out with quarterly earnings of $3.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $3.45 per share a year ago. These figures are adjusted for non-recurring items.

M&T Bank: Q2 Earnings Insights

20 Jul 22

M&T Bank Q2 EPS $3.10 Beats $2.70 Estimate

20 Jul 22

Press releases

From Benzinga Pro

M&T Bank Donates Former Bank Building For New Workforce Development Center in York

16 Aug 22

Tec Centro York will offer educational, linguistic and job skills training to underserved individuals YORK, Pa., Aug. 16, 2022 /PRNewswire/ -- M&T Bank is donating a recently closed bank branch in York to the

M&T Bank Welcomes Ishet Dhar as Chief Digital Officer

16 Aug 22

BUFFALO, N.Y., Aug. 16, 2022 /PRNewswire/ -- M&T Bank today announced the appointment of Ishet Dhar in the role of Chief Digital Officer (CDO). This decision reflects M&T's increasing focus on digital and its

M&T Bank Spotlights Connecticut Small Businesses in Innovative Pop-Up Shop Concept at Captain's Cove Seaport

11 Aug 22

Local small businesses will have access to retail space at Bridgeport's premier tourist destination BRIDGEPORT, Conn., Aug. 11, 2022 /PRNewswire/ -- M&T Bank is bringing its innovative Spotlight Shop concept to

M&T Increases Prime Rate

27 Jul 22

M&T Bank Among Best Places to Work for Disability Inclusion

20 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$198.86

Low target

$175.00

High target

$238.00

Investment data

Data from SEC filings

Top 50 of 1549 long holdings End of quarter 30 Jun 22	Value	#Shares
IBB Ishares TR (CORE MSCI EAFE)	$986.05M	16.76M
AAPL Apple Inc	$875.09M	6.4M
MSFT Microsoft Corp	$674.52M	2.62M
Ishares Inc	$603.34M	12.3M
Ishares TR (CORE S&P500 ETF)	$510.51M	1.35M
Ishares TR (RUSSELL 2000 ETF)	$503.57M	2.97M
Ishares TR (RUS 1000 ETF)	$496.77M	2.39M
Ishares TR (RUS 1000 GRW ETF)	$435.32M	1.99M
Ishares TR (RUS 1000 VAL ETF)	$431.32M	2.98M
JNJ Johnson & Johnson	$366.8M	2.07M
Ishares TR (S&P 500 GRWT ETF)	$356.65M	5.91M
MTB M & T BK Corp	$315.02M	1.98M
SPY SPDR S&P 500 Etf TR	$311.71M	825.47K
Vanguard Tax-managed Intl FD	$307.46M	7.54M
PG Procter and Gamble Co	$240.49M	1.67M
AMZN Amazon Com Inc	$238.41M	2.24M
PEP Pepsico Inc	$225.53M	1.35M
IBB Ishares TR	$225.4M	5.19M
JPM Jpmorgan Chase & Co	$223.77M	1.99M
GOOG Alphabet Inc (CAP STK CL C)	$220.11M	100.54K
IBB Ishares TR (MSCI USA QLT FCT)	$214.81M	1.92M
MRK Merck & Co Inc	$210.45M	2.31M
Ishares TR (SP SMCP600VL ETF)	$191.97M	2.16M
XOM Exxon Mobil Corp	$188.17M	2.2M
HD Home Depot Inc	$188.08M	685.03K
Ishares TR (MSCI EAFE ETF)	$184.13M	2.94M
MA Mastercard Incorporated	$180.03M	570.62K
IBB Ishares TR (MSCI USA VALUE)	$170.83M	1.89M
Vanguard Scottsdale FDS	$165.41M	2.81M
CVX Chevron Corp New	$162.89M	1.13M
Vanguard Intl Equity Index F	$158.66M	3.81M
Ishares TR (S&P 500 VAL ETF)	$156.24M	1.14M
PFE Pfizer Inc	$154.79M	2.95M
GOOG Alphabet Inc (CAP STK CL A)	$148.54M	68.07K
MCD Mcdonalds Corp	$148.06M	599.48K
COP Conocophillips	$143.4M	1.6M
Vanguard Index FDS	$141.33M	407.42K
DOW Dow Inc	$138.26M	2.69M
CSCO Cisco Sys Inc	$132.55M	3.11M
DHR Danaher Corporation	$130.9M	515.88K
COST Costco WHSL Corp New	$128.75M	268.41K
CTVA Corteva Inc	$126.59M	2.34M
Ishares TR (CORE S&P SCP ETF)	$125.91M	1.36M
UNH Unitedhealth Group Inc	$118.66M	231.05K
QCOM Qualcomm Inc	$116.95M	915.42K
BMY Bristol-myers Squibb Co	$109.5M	1.42M
ABBV Abbvie Inc	$109.13M	712.53K
Ishares TR (RUS 2000 GRW ETF)	$108.57M	525.79K
UNP Union Pac Corp	$107.58M	504.24K
AVGO Broadcom Inc	$106.45M	219.13K

M & T Bank holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

5 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart MTB financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from M & T Bank earnings reports.

Recent insider trades

MTB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Aug 22	John P Barnes	Common Stock	Sell	Dispose S	No	No	184.0969	12,508	2.3M	33,591
10 Aug 22	John P Barnes	Common Stock	Option exercise	Acquire M	No	No	109.67	12,508	1.37M	46,099
10 Aug 22	John P Barnes	Option Common Stock	Option exercise	Dispose M	No	No	109.67	12,508	1.37M	0
9 Aug 22	Kirk W Walters	Common Stock	Sell	Dispose S	Yes	No	180	1,006	181.08K	30,091
9 Aug 22	Kirk W Walters	Common Stock	Sell	Dispose S	Yes	No	180	606	109.08K	4,688
9 Aug 22	Kirk W Walters	Common Stock	Sell	Dispose S	No	No	180	1,571	282.78K	6,134
9 Aug 22	Kirk W Walters	Common Stock	Sell	Dispose S	No	No	180	19,545	3.52M	7,705
9 Aug 22	Kirk W Walters	Common Stock	Option exercise	Acquire M	No	No	109.67	19,545	2.14M	27,250
9 Aug 22	Kirk W Walters	Option Common Stock	Option exercise	Dispose M	No	No	109.67	19,545	2.14M	0
25 Jul 22	Edna Jennifer Warren	Common Stock	Buy	Acquire P	No	No	171.2	6	1.03K	6

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MTB institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	736	678	+8.6%
Opened positions	118	123	-4.1%
Closed positions	60	70	-14.3%
Increased positions	241	221	+9.0%
Reduced positions	240	207	+15.9%

13F shares	Current	Prev Q	Change
Total value	20.88B	17.67B	+18.2%
Total shares	123M	115.09M	+6.9%
Total puts	2.19M	451.2K	+385.5%
Total calls	1.77M	425.2K	+315.4%
Total put/call ratio	1.2	1.1	+16.9%

Largest owners	Shares	Value	Change
Vanguard	14.61M	$2.48B	+2.2%
BLK Blackrock	11.29M	$1.91B	+8.8%
Wellington Management	8.61M	$1.46B	+9.9%
FMR	8.03M	$1.36B	-10.8%
STT State Street	7.17M	$1.22B	-4.2%
Capital World Investors	5.8M	$982.52M	NEW
JPM JPMorgan Chase & Co.	4.66M	$789.59M	-4.3%
State Farm Mutual Automobile Insurance	4.23M	$716.68M	0.0%
IVZ Invesco	4.12M	$698.25M	+20.6%
Barrow Hanley Mewhinney & Strauss	2.88M	$488.57M	+275.3%

Largest transactions	Shares	Bought/sold	Change
Capital World Investors	5.8M	+5.8M	NEW
Barrow Hanley Mewhinney & Strauss	2.88M	+2.11M	+275.3%
American Century Companies	289.61K	-1.04M	-78.2%
Norges Bank	0	-1.01M	EXIT
FMR	8.03M	-970.57K	-10.8%
Nuveen Asset Management	1.33M	+961.55K	+261.4%
BLK Blackrock	11.29M	+915.91K	+8.8%
Wellington Management	8.61M	+777.42K	+9.9%
IVZ Invesco	4.12M	+702.72K	+20.6%
Castleview Partners	2.2K	-628.4K	-99.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Evans Bancorp • BV Financial • BankUnited • Pathfinder Bancorp • FVCBankcorp • Pioneer Bancorp • Bogota Financial

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: attrition, compressed, conform, conformance, conforming, footprint, forma, Hampshire, history, immaterial, inclusive, Island, Jersey, lapse, listed, Maryland, merit, month, MTPrH, Northeast, NYSE, occupancy, PCD, preliminarily, pro, promotion, released, Rhode, scale, southeastern, surviving, symbol, temporary, tightening, uninsured, Vermont, Washington, weighted

Removed: approved, assistance, collectability, Computed, concurrence, covenant, created, declined, encouraging, faith, forbearance, good, likewise, limiting, negative, nonpersonnel, prudently, relief, repay, spot, suspend, syndication, temporarily, unable, worked

From filing 10-Q 2022 Q2

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