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MTB M & T Bank

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 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 centres 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 comprises 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.

Company profile

Ticker
MTB
Exchange
NYSE
Website
www.mtb.com/
CEO
Rene Jones
Employees
Incorporated
New York
Location
New York
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
State Street • Citizens Financial • Northern Trust • Bank Of New York Mellon • Fifth Third Bancorp • Popular • Associated Banc-Corp. • First Citizens Bancshares, Inc • Commerce Bancshares • First Hawaiian ...
Former names
FIRST EMPIRE STATE CORP
SEC CIK
0000036270
Corporate docs
IRS number
160968385

MTB stock data

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)

News

Pro users get this 30m faster
6 Catalysts Bank Stock Investors Should Watch In 2021
1 Mar 21
Rising interest rates and economic stimulus have been a winning combination for bank stock investors in recent months.
Morgan Stanley Maintains Equal-Weight on M&T Bank, Raises Price Target to $167
24 Feb 21
Morgan Stanley analyst Ken Zerbe maintains M&T Bank (NYSE:MTB) with a Equal-Weight and raises the price target from $160 to $167.
RBC Capital Maintains Outperform on M&T Bank, Raises Price Target to $166
23 Feb 21
RBC Capital analyst Gerard Cassidy maintains M&T Bank (NYSE:MTB) with a Outperform and raises the price target from $150 to $166.
Wells Fargo Maintains Equal-Weight on M&T Bank, Raises Price Target to $160
23 Feb 21
M&T Bank Corporation To Acquire People's United Financial, Inc.; People's United Shareholders To Receive 0.118 Shares Of M&T, Implied Total Transaction Value Is ~$7.6B
22 Feb 21

Press releases

Pro users get this 30m faster
Lifshitz Law Firm, P.C. Announces Investigation of APEX, CTB, GT, FRTA, PAND, PRAH, ICLR, PBCT and MBT
1 Mar 21
NEW YORK, March 1, 2021 /PRNewswire/ -- Apex Global Brands, Inc. (OTC:APEX) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of APEX to Galaxy
M&T Bank Corporation to Participate in 2021 RBC Capital Markets Global Financial Institutions Conference
1 Mar 21
BUFFALO, N.Y., March 1, 2021 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB)("M&T") will participate in the RBC Capital Markets Global Financial Institutions Conference being held in a virtual format.
PEOPLE'S UNITED INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of People's United Financial, Inc. - PBCT
24 Feb 21
NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of People's United Financial, Inc. Merger
22 Feb 21
SHAREHOLDER ALERT: WeissLaw LLP Investigates People's United Financial, Inc.
22 Feb 21

Investment data

Data from SEC filings
Top 50 of 1599 long holdings
End of quarter 31 Dec 20 		Value
 		 #Shares
 
IBB Ishares TR (CORE MSCI EAFE)
$1.21B 17.48M
AAPL Apple Inc
$828.08M 6.24M
Ishares TR (RUS 1000 ETF)
$689.71M 3.26M
Ishares TR (RUS 1000 GRW ETF)
$565.06M 2.34M
Ishares Inc
$564.82M 9.1M
Ishares TR (RUSSELL 2000 ETF)
$538.3M 2.75M
PYPL Paypal HLDGS Inc
$527.03M 2.25M
MSFT Microsoft Corp
$524.69M 2.36M
Ishares TR (CORE S&P500 ETF)
$456.02M 1.21M
Vanguard BD Index FDS
$425.02M 4.82M
Ishares TR (S&P 500 GRWT ETF)
$409.12M 6.41M
EBAY Ebay Inc.
$368.64M 7.34M
IBB Ishares TR (MSCI USA QLT FCT)
$347.39M 2.99M
JNJ Johnson & Johnson
$323.05M 2.05M
Vanguard Tax-managed Intl FD
$321.07M 6.8M
AMZN Amazon Com Inc
$319.68M 98.15K
SPY SPDR S&P 500 Etf TR
$248.7M 665.19K
JPM Jpmorgan Chase & Co
$247.58M 1.95M
PG Procter and Gamble Co
$232.59M 1.67M
MA Mastercard Incorporated
$201.82M 565.43K
Ishares TR (RUS 1000 VAL ETF)
$201.34M 1.47M
PEP Pepsico Inc
$194.34M 1.31M
Ishares TR (MSCI EAFE ETF)
$184.05M 2.52M
Vanguard Index FDS
$183.65M 534.33K
MRK Merck & Co. Inc
$182.47M 2.23M
GOOG Alphabet Inc (CAP STK CL C)
$174.7M 99.72K
DOW Dow Inc
$159.31M 2.87M
Ishares TR (RUS 2000 GRW ETF)
$158.34M 552.27K
IBB Ishares TR
$157.88M 2.33M
DD Dupont De Nemours Inc
$156.48M 2.2M
QCOM Qualcomm Inc
$147.68M 969.4K
Vanguard Intl Equity Index F
$146.02M 2.91M
HD Home Depot Inc
$144.02M 542.2K
Ishares TR (S&P 500 VAL ETF)
$142.13M 1.11M
Ishares TR (S&P SML 600 GWT)
$136.6M 1.2M
CSCO Cisco Sys Inc
$133.91M 2.99M
MTB M & T BK Corp
$128.68M 1.01M
FB Facebook Inc
$126.52M 463.16K
BLK Blackrock Inc
$122.1M 169.22K
TGT Target Corp
$119.03M 674.28K
KO Coca Cola Co
$116.39M 2.12M
PFE Pfizer Inc
$115.99M 3.15M
XOM Exxon Mobil Corp
$111.77M 2.71M
DIS Disney Walt Co
$106.24M 586.39K
BRK.A Berkshire Hathaway Inc Del
$101.73M 438.73K
Vanguard World FDS
$100.24M 283.33K
BMY Bristol-myers Squibb Co
$98.7M 1.59M
T At&t Inc
$98.38M 3.42M
GOOG Alphabet Inc (CAP STK CL A)
$97.47M 55.61K
CMCSA Comcast Corp New
$97.43M 1.86M
Holdings list only includes long positions. Only includes long positions.

Calendar

22 Feb 21
2 Mar 21
31 Dec 21

Financial summary

Financial statements Chart MTB financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
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
5 Feb 21 Bojdak Robert J Common Stock Payment of exercise Dispose F No No 140.4 206 28.92K 20,803
5 Feb 21 Bojdak Robert J Common Stock Grant Aquire A No No 0 650 0 21,009
5 Feb 21 John L DAngelo Common Stock Payment of exercise Dispose F No No 140.4 119 16.71K 4,509
5 Feb 21 John L DAngelo Common Stock Grant Aquire A No No 0 375 0 4,628
5 Feb 21 William J Farrell II Common Stock Payment of exercise Dispose F No No 140.4 151 21.2K 13,348.86
5 Feb 21 William J Farrell II Common Stock Grant Aquire A No No 0 505 0 13,499.86
5 Feb 21 Richard S Gold Common Stock Payment of exercise Dispose F No No 140.4 657 92.24K 47,350.944
5 Feb 21 Richard S Gold Common Stock Grant Aquire A No No 0 2,075 0 48,007.944
5 Feb 21 Jones Rene F Common Stock Payment of exercise Dispose F No No 140.4 1,558 218.74K 69,468.79
5 Feb 21 Jones Rene F Common Stock Grant Aquire A No No 0 3,419 0 71,026.79
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

MTB institutional ownership history Ownership history
81.6% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 584 557 +4.8%
Opened positions 98 63 +55.6%
Closed positions 71 79 -10.1%
Increased positions 179 209 -14.4%
Reduced positions 220 194 +13.4%
13F shares
 Current Prev Q Change
Total value 74.93B 10.3B +627.3%
Total shares 104.91M 105.76M -0.8%
Total puts 318.6K 441.4K -27.8%
Total calls 509.3K 499.6K +1.9%
Total put/call ratio 0.6 0.9 -29.2%
Largest owners
 Shares Value Change
Vanguard 13.58M $1.73B -1.6%
BLK Blackrock 10.51M $1.34B -2.3%
FMR 10.41M $1.32B +59.1%
STT State Street 6.93M $882.48M +6.2%
IVZ Invesco 4.67M $594.64M +6.5%
State Farm Mutual Automobile Insurance 4.5M $572.84M 0.0%
Wellington Management 4.28M $544.75M -24.1%
JPM JPMorgan Chase & Co. 4.04M $514.61M -7.6%
Geode Capital Management 2.26M $287.08M +1.2%
Charles Schwab Investment Management 1.68M $214.06M +2.7%
Largest transactions
 Shares Bought/sold Change
FMR 10.41M +3.87M +59.1%
BRK.A Berkshire Hathaway 0 -2.92M EXIT
Wellington Management 4.28M -1.36M -24.1%
American Century Companies 990.34K +773.74K +357.2%
Adage Capital Partners GP, L.L.C. 678.89K +580.49K +589.9%
Massachusetts Financial Services 0 -564.6K EXIT
STT State Street 6.93M +404.49K +6.2%
JPM JPMorgan Chase & Co. 4.04M -331.01K -7.6%
PUKPF Prudential 469.8K -311.2K -39.8%
IVZ Invesco 4.67M +285.51K +6.5%
Data from 13F filings. Stock 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 Bad
New words: AARC, absence, accidental, actor, adaptive, AMLA, ARRC, attack, attacker, authentication, belonging, bespoke, blended, Bridgeport, BSA, Butler, Calvin, candid, capable, capping, CET, champion, characteristic, choice, closer, closure, CME, color, comment, concurrence, coupon, covenant, cultivate, culture, curtailed, customary, decided, decrypt, degrade, denial, deployment, destroy, detrimental, Disease, distancing, downtime, drastic, dynamic, educational, efficacy, electrical, emotional, employed, empower, engineering, entertainment, EPS, ethnicity, faith, feasibility, feedback, FHA, forbearance, foreseeable, foster, fostering, France, freestanding, freezing, gender, geography, geopolitical, Germany, Godridge, hacking, hampered, headcount, healthcare, honest, hospitality, IBA, IBOR, ideal, impossible, inaccessible, incentivize, infection, intelligence, intensive, intervention, Ireland, ISDA, judgement, layered, LCH, leadership, learning, leave, legacy, legitimate, Leslie, likewise, lingering, locked, LPL, malware, medical, Military, misjudge, misuse, misused, moratorium, mortality, navigating, onetime, orientation, pandemic, Paycheck, people, phishing, pipeline, platform, PPP, prioritize, prolonged, pronouncement, Protocol, race, ransomware, rapidly, ratably, reaction, recession, recoverable, recruiting, referencing, reinforcing, reinsurance, remote, remotely, resource, resubmission, resubmit, resumption, resurgence, retention, reverted, revisit, sanitation, SBA, screening, sexual, slowdown, Society, statistically, steady, stemming, strata, subsiding, sudden, suggest, suggesting, suite, survey, suspension, talent, talented, telemedicine, temporarily, tenure, thirty, tokenization, tomorrow, traction, Tracy, tradeoff, Training, transportation, tuition, UK, unaffected, unanimously, undergo, understood, unexpected, unprecedented, unregistered, unsatisfactory, user, victim, whistleblower, women, Woodrow, workplace, write
Removed: ACH, admit, allocable, analyzed, Attorney, bifurcated, bringing, call, callable, cautiously, characterized, charging, Coletti, collectibility, comparatively, conformance, conservative, conservatively, consistency, continually, cycle, dealer, death, declaration, deliberately, differentiation, displaying, divest, earliest, employment, enhancement, establishment, export, extensively, familiarity, forma, geographical, highest, history, imprecise, independently, internally, Interstate, introduction, introductory, investigatory, Janet, labor, legally, lifetime, limiting, Luxury, manifestation, metropolitan, minimal, monitored, motivate, nonaccretable, nonaccreting, obligor, observed, opt, opting, origin, overcollateralization, overdraft, paragraph, Pittsburgh, poorer, prepared, principle, printing, pro, promotion, quantifying, realizability, reclassification, remeasuring, rest, sector, show, showed, slower, stressed, stressful, stronger, sustainability, terminate, thousand, trailed, trend, uncollectible, venture, widespread
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
19 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
20 Feb 19
10-Q
2018 Q3
Quarterly report
5 Nov 18

Current reports

View all
8-K
Entry into a Material Definitive Agreement
25 Feb 21
8-K
Will create a superregional banking franchise serving communities
22 Feb 21
8-K
Departure of Directors or Certain Officers
10 Feb 21
8-K
M&T Bank Corporation Announces 2020 Fourth Quarter
21 Jan 21
8-K
M&T Bank Corporation Elects Leslie Godridge and Rudina Seseri
17 Nov 20
8-K
Regulation FD Disclosure
6 Nov 20
8-K
M&T Bank Corporation Announces Third Quarter Results
22 Oct 20
8-K
M&T Bank Corporation Announces Second Quarter Results
23 Jul 20
8-K
M&T Bank Corporation Elects Calvin G. Butler, Jr. to Board of Directors
17 Jun 20
8-K
Departure of Directors or Certain Officers
23 Apr 20

Registration and prospectus

View all
425
Business combination disclosure
1 Mar 21
425
Business combination disclosure
1 Mar 21
425
Business combination disclosure
25 Feb 21
425
Business combination disclosure
23 Feb 21
425
Business combination disclosure
22 Feb 21
425
Business combination disclosure
22 Feb 21
425
Business combination disclosure
22 Feb 21
425
Business combination disclosure
22 Feb 21
425
Business combination disclosure
22 Feb 21
425
Business combination disclosure
22 Feb 21

Proxies

View all
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
9 Mar 20
DEF 14A
Definitive proxy
9 Mar 20
DEF 14A
Definitive proxy
7 Mar 19
DEF 14A
Definitive proxy
6 Mar 18
DEFR14A
Revised proxy
6 Apr 17
DEF 14A
Definitive proxy
7 Mar 17
DEF 14A
Definitive proxy
3 Mar 16
DEF 14A
Definitive proxy
4 Mar 15
DEF 14A
Definitive proxy
5 Mar 14

Other

View all
UPLOAD
Letter from SEC
18 Dec 16
CORRESP
Correspondence with SEC
15 Dec 16
UPLOAD
Letter from SEC
7 Dec 16
CORRESP
Correspondence with SEC
9 Nov 16
UPLOAD
Letter from SEC
26 Oct 16
UPLOAD
Letter from SEC
25 Jan 15
CORRESP
Correspondence with SEC
13 Jan 15
UPLOAD
Letter from SEC
30 Dec 14
EFFECT
Notice of effectiveness
21 Feb 13
CORRESP
Correspondence with SEC
20 Feb 13

Ownership

View all
13F-HR
Quarterly holdings report by institutional manager
11 Feb 21
SC 13G
M&T BANK / STATE STREET ownership change
10 Feb 21
SC 13G/A
M&T BANK / VANGUARD ownership change
10 Feb 21
5
M&T BANK / John D. Jr. Hawke ownership change
9 Feb 21
4
M&T BANK / Tracy S. Woodrow ownership change
9 Feb 21
4
M&T BANK / D Scott N Warman ownership change
9 Feb 21
4
M&T BANK / Julianne Urban ownership change
9 Feb 21
4
M&T BANK / Michele D Trolli ownership change
9 Feb 21
4
M&T BANK / Michael J. Todaro ownership change
9 Feb 21
4
M&T BANK / MICHAEL R SPYCHALA ownership change
9 Feb 21

Transcripts

View all
2020 Q4
Earnings call transcript
21 Jan 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
20 Apr 20
2019 Q4
Earnings call transcript
23 Jan 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
15 Apr 19
2018 Q4
Earnings call transcript
17 Jan 19
2018 Q3
Earnings call transcript
17 Oct 18

Reddit threads

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