NYSE:MTBBanks
Should M&T’s New US$600 Million Preferred Issue and Capital Moves Require Action From M&T Bank (MTB) Investors?
M&T Bank Corporation recently completed a US$600 million fixed-income offering of non-convertible, callable preferred depositary shares, while also reporting higher second-quarter net interest income and net income versus a year earlier.
Together with a completed US$465 million common share repurchase program last quarter and lower net charge-offs, these moves highlight how M&T is actively reshaping its capital structure and balance sheet risk profile.
Now we’ll examine how this fresh US$600...