Declared Dividend • May 20
First quarter dividend of US$1.50 announced Shareholders will receive a dividend of US$1.50. Ex-date: 1st June 2026 Payment date: 30th June 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
M&T Bank Corporation Declares Second Quarter Common Stock Cash Dividend, Payable on June 30, 2026 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.50 per share on its common stock. The dividend will be payable June 30, 2026, to shareholders of record at the close of business on June 1, 2026. Announcement • Apr 17
M&T Bank Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026 M&T Bank Corporation reported net charge offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge offs of $105 million against $114 million a year ago. Announcement • Apr 03
M&T Bank Corporation Appoints Denise Viola Monahan as Regional President for Philadelphia M&T Bank Corporation has said that Denise Viola Monahan has been appointed as its new regional president for Philadelphia. Monahan has served as wealth market leader for Pennsylvania and Southern New Jersey since 2023. In her expanded role as regional president, Monahan will guide M&T's regional leaders including members of its retail banking, business banking, commercial banking, wealth management, government banking, healthcare and charitable teams. She will also work with M&T's other community bank regions in Pennsylvania and New Jersey. Monahan brings to this crucial role over 40 years of financial services experience, deep regional knowledge, leadership acumen and a passion for community engagement, reinforcing M&T's commitment to delivering exceptional service to its customers. Monahan will also lead the accomplished, cross-functional team to continue collaborating across the local footprint. An active member of the Greater Philadelphia community, she will continue to serve on several boards, including the executive committee of the Southern New Jersey Chamber of Commerce and Mission Kids. Announcement • Mar 31
M&T Bank Corporation (NYSE:MTB) announces an Equity Buyback for $5,000 million worth of its shares. M&T Bank Corporation (NYSE:MTB) announces a share repurchase program. Under the program, the company will repurchase up to $5,000 million worth of its shares. Announcement • Mar 20
M&T Bank Corporation to Report Q1, 2026 Results on Apr 15, 2026 M&T Bank Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 15, 2026 Announcement • Mar 11
M&T Bank Corporation, Annual General Meeting, Apr 21, 2026 M&T Bank Corporation, Annual General Meeting, Apr 21, 2026. Location: meetnow.global/mvlytf9., United States Announcement • Feb 19
M&T Bank Corporation Announces First Quarter Common Stock Dividend, Payable on March 31, 2026 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.50 per share on its common stock. The dividend will be payable March 31, 2026, to shareholders of record at the close of business on March 2, 2026. Announcement • Feb 02
M&T Bank Corporation Appoints Jeff Carpenter as Regional President for Massachusetts M&T Bank Corporation on February 2, 2026 announced the appointment of Jeff Carpenter as its new Regional President of Massachusetts. Carpenter has served as Executive Vice President, Head of Specialty and Corporate Banking since 2023. In his expanded role as Regional President, he will guide M&T's regional leaders – including members of its retail banking, business banking, commercial banking, wealth management, government banking and charitable teams. Carpenter will also lead the strong, collaborative Boston-based team already at the core of the region's success. An active member of the Boston community, he will continue to serve on several boards, including the YMCA of Greater Boston, Just Living Communities and the Greater Boston Chamber of Commerce. With more than two decades of corporate and specialty banking experience, Carpenter brings deep regional knowledge, financial expertise and a strong record of leadership to this role, reinforcing M&T's commitment to delivering exceptional service to its customers. Prior to joining M&T Bank, Carpenter led several Capital Markets, Commercial Banking and Credit teams at People's United Bank, Banco Santander and Sovereign Bank. Jeff holds a B.S. in Finance from Bentley University. Announcement • Jan 16
M&T Bank Corporation Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2025 M&T Bank Corporation reported net charge offs for the fourth quarter ended December 31, 2025. for the quarter, the company reported net charge offs of $185 million against $160 million a year ago. Announcement • Dec 10
M&T Bank Corporation to Report Q4, 2025 Results on Jan 16, 2026 M&T Bank Corporation announced that they will report Q4, 2025 results Pre-Market on Jan 16, 2026 Announcement • Nov 19
M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend, Payable on December 31, 2025 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.50 per share on its common stock. The dividend will be payable December 31, 2025, to shareholders of record at the close of business on December 1, 2025. Announcement • Sep 18
M&T Bank Corporation to Report Q3, 2025 Results on Oct 16, 2025 M&T Bank Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 16, 2025 Announcement • Sep 12
The Law Office of Julie Low Secures Meaningful Settlement in Consumer Protection Case The Law Office of Julie Low announced a successful resolution in the case, "Estate of the Late Leroy V. Nelson v. M&T Bank," filed in Salem District Court, Essex County, Massachusetts. The case involved violations of the Consumer Protection Act, M.G.L. c.93A. The settlement underscores the importance of honoring Durable Powers of Attorney (DPOA) and protecting the rights of elders and disabled individuals. The settlement reimbursed the estate for all probate-related expenses. While the specific terms remain confidential, the resolution highlights the obligation of financial institutions to honor legally binding documents and respect the rights of all individuals, regardless of their circumstances. Announcement • Aug 20
M&T Bank Corporation Declares Quarterly Cash Dividend, Payable on September 30, 2025 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.50 per share on its common stock. This represents an increase of $.15 per share, or 11%, from the previous $1.35 per share dividend paid in the second quarter of 2025. The dividend will be payable September 30, 2025, to shareholders of record at the close of business on September 2, 2025. Announcement • Jul 17
M&T Bank Corporation Announces Executive Changes M&T Bank has announced the appointment of Tracy S. Woodrow to serve as Regional President for Western New York, the company's home and headquarters for nearly 170 years. Woodrow will remain M&T Bank's Chief Administrative Officer, adding new regional leadership responsibilities to her current work overseeing human resources, corporate services, sustainability, fraud customer experience and the Buffalo Promise Neighborhood initiative. In her now expanded role as Western New York Regional President, Woodrow will guide M&T's community bank leadership team – including members of its retail banking, business banking, commercial banking, wealth management, government banking and charitable teams – in their work to serve customers, strengthen communities and support employees across an eight-county region. Woodrow joined M&T Bank in 2013 to oversee its enterprise-wide anti-money laundering program. As she immersed herself in the bank's operations and structure, she rose to become Chief Human Resources Officer in 2020. In addition to leading efforts to adapt to new workplace needs during the pandemic, Woodrow focused on staffing, recruiting, leadership development and employee relations for M&T's more than 22,000 employees across the Northeastern U.S. In 2023, Woodrow was appointed Chief Administrative Officer, a role she will continue to hold while serving as Western New York Regional President. Woodrow is a member of M&T Bank's Executive Leadership Team. In the community, Woodrow serves on the Buffalo Philharmonic Orchestra Board of Trustees. She is also Vice President of the Buffalo Prep Board of Directors, Chair of the Westminster Foundation Board of Directors and a 2019 graduate of Leadership Buffalo. Through her personal commitment to mentorship, Woodrow is steadfastly dedicated to improving the lives of others. Woodrow will succeed Eric Feldstein who has served as Western New York Regional President since 2022. Feldstein will be taking on an expanded role for M&T, leading the bank's combined retail and business banking teams. Announcement • Jul 16
M&T Bank Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2025 M&T Bank Corporation reported net charge offs for the second quarter ended June 30, 2025. For the quarter, the company reported net charge-offs of $108 million compared to $137 million a year ago. Announcement • Jun 18
M&T Bank Corporation to Report Q2, 2025 Results on Jul 16, 2025 M&T Bank Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 16, 2025 Announcement • May 21
M&T Bank Corporation Declares Cash Dividend for Second Quarter, Payable on June 30, 2025 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable June 30, 2025, to shareholders of record at the close of business on June 2, 2025. Announcement • Apr 15
M&T Bank Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2025 M&T Bank Corporation reported net charge offs for the first quarter ended March 31, 2025. for the quarter, the company reported net charge offs of $114 million against $138 million a year ago. Announcement • Mar 14
M&T Bank Corporation to Report Q1, 2025 Results on Apr 14, 2025 M&T Bank Corporation announced that they will report Q1, 2025 results at 9:30 AM, US Eastern Standard Time on Apr 14, 2025 Announcement • Mar 05
M&T Bank Corporation, Annual General Meeting, Apr 15, 2025 M&T Bank Corporation, Annual General Meeting, Apr 15, 2025. Announcement • Mar 04
M&T Bank Corporation Appoints Carmen Magistro as Northern Pennsylvania Regional President M&T Bank Corporation has appointed Carmen Magistro as Northern Pennsylvania Regional President. Previously serving as M&T's Commercial Senior Group Manager for Northern Pennsylvania Commercial & Industrial, Magistro has assumed additional responsibilities to help strengthen M&T's presence in the community and enhance service to customers throughout the region.in this expanded role, Magistro will partner closely with the Community Bank leadership team for Northern Pennsylvania while continuing to oversee M&T's commercial banking operations in the region. Magistro succeeds Phil Johnson, who announced his planned retirement at the end of 2024. Magistro joined M&T Bank in 2009 and has more than 22 years of experience in the financial services industry, with expertise spanning commercial banking, business banking, and government banking. Throughout his tenure, he has been actively engaged in the community and involved with organizations such as the Greater Wilkes Barre Chamber of Commerce, Junior Achievement of NEPA, United Way of Wyoming Valley, Unico National Wilkes-Barre Chapter, Allied Services Greater Autism Classic, and Fine Arts Fiesta. M&T Bank has a strong presence in Northern Pennsylvania, with a network of 34 branches and over 45 ATMs serving the region from Centre County to Wayne County, inclusive of Pottsville, Scranton, State College, Stroudsburg, Wilkes Barre, Williamsport, and the surrounding areas. Its local engagement model ensures that decisions about community activities, grants, and lending are made locally, enabling a more personalized approach to banking. Announcement • Feb 20
M&T Bank Corporation Declares Quarterly Cash Dividend, Payable on March 31, 2025 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable March 31, 2025, to shareholders of record at the close of business on March 3, 2025. Announcement • Jan 28
M&T Bank Announces Executive Changes M&T Bank announced the appointment of Neeraj Singh as the bank's next Chief Risk Officer (CRO) effective January 31, 2025. Singh will succeed M&T's current CRO, Mike Todaro, whose long-planned retirement was recently announced. Singh joins M&T Bank from USAA, where he served as the Chief Risk Officer and a member of the executive council responsible for overseeing all financial and non-financial risks and compliance. Singh brings over 20 years of risk management and financial services industry experience along with a proven track record in managing complex risk environments. In his new role, he will be responsible for overseeing M&T Bank's risk management strategies and ensuring the bank's continued commitment to risk governance. Prior to his work at USAA, Singh held risk management leadership roles at Citigroup, TD Bank, and Barclays. Singh received his undergraduate degree from Birla Institute of Technology and an MBA from the University of Maryland. Singh will become a member of M&T's Executive Leadership Team, reporting to René Jones, CEO & Chairman, and Bob Sadler, Chairman of the Board of Directors Risk Committee. Singh will relocate to Buffalo, New York from San Antonio, Texas. Mike Todaro has been a pivotal figure in M&T's growth and success during his nearly 30-year career at the bank. Since assuming the role of Chief Risk Officer in 2021, he has significantly enhanced and scaled M&T's risk management capabilities as well as developed talent within the division. During his tenure with the bank, Todaro has also led the Mortgage and Consumer Lending businesses and served as the first head of Enterprise Transformation. Announcement • Jan 23
M&T Bank Corporation (NYSE:MTB) announces an Equity Buyback for $4,000 million worth of its shares. M&T Bank Corporation (NYSE:MTB) announces a share repurchase program. Under the program, the company will repurchase up to $4,000 million worth of its shares. Announcement • Jan 06
M&T Bank Appoints Krista Phillips as Chief Customer Officer M&T Bank Corporation announced the appointment of Krista Phillips as its first Chief Customer Officer. In this newly created role, Phillips will lead and unify M&T's customer experience, marketing, and analytics teams, enhancing the bank's ability to offer outstanding experiences in a rapidly evolving industry. Leveraging data and unique insights, she and her team will address a comprehensive range of customer needs and ensure consistent brand delivery across M&T's footprint. Phillips brings more than 25 years of experience in the financial services industry. Most recently, she served as Executive Vice President leading consumer credit cards and enterprise marketing at Wells Fargo. Prior to that, she was Managing Director at Citi, where she held various senior roles, including Head of Brand Management, Advertising, and Insights for the Global Consumer Bank, Head of Citi Cards Products, and Product Director of Co-brands and Loyalty. Phillips reports to Chris Kay and is based in Wilmington, DE. She is also a member of M&T Bank's Executive Leadership Team. Announcement • Dec 19
M&T Bank Corporation to Report Q4, 2024 Results on Jan 16, 2025 M&T Bank Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 16, 2025 Announcement • Dec 10
MT Bank Announces President Changes MT Bank announced the appointment of Shannon Lazare as its New Jersey Regional President. Shannon will lead the bank's local growth and community engagement initiatives throughout New Jersey. She succeeds Tom Comiskey who, after serving as MT's New Jersey Regional President for nine years, was elevated last year to Area Executive in its Commercial Bank. In her new role, Shannon will lead MT's team in the Garden State, ensuring that the bank continues to serve its communities and customers. She will oversee all aspects of the bank's involvement in community engagement, economic development, and charitable initiatives for MT in New Jersey along with her current duties as Business Banking Regional Manager. Shannon joined MT in 2013 as a Senior Relationship Manager with Business Banking and has held the role of Regional Manager since 2019. She brings over 20 years of experience in the financial services industry, having previously worked with J.P. Morgan Chase, Wachovia, and Valley National Bank. Announcement • Nov 20
M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend, Payable on December 31, 2024 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €203, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 60% over the past three years. Recent Insider Transactions • Oct 25
Independent Director recently sold €3.6m worth of stock On the 22nd of October, John Barnes sold around 20k shares on-market at roughly €179 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: US$4.04 (vs US$4.00 in 3Q 2023) Third quarter 2024 results: EPS: US$4.04 (up from US$4.00 in 3Q 2023). Revenue: US$2.21b (up 1.2% from 3Q 2023). Net income: US$674.0m (up 1.5% from 3Q 2023). Profit margin: 31% (in line with 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Announcement • Oct 17
M&T Bank Corporation Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024 M&T Bank Corporation announced Net charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported Net charge-offs of $120 Million. Announcement • Sep 17
M&T Bank Corporation to Report Q3, 2024 Results on Oct 17, 2024 M&T Bank Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 17, 2024 Recent Insider Transactions • Sep 08
Independent Director recently sold €1.6m worth of stock On the 3rd of September, Denis Salamone sold around 10k shares on-market at roughly €156 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.7m more than they bought in the last 12 months. Declared Dividend • Aug 23
Second quarter dividend of US$1.35 announced Shareholders will receive a dividend of US$1.35. Ex-date: 3rd September 2024 Payment date: 30th September 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
M&T Bank Corporation Announces Third Quarter Common Stock Dividend, Payable on September 30, 2024 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. Announcement • Aug 13
M&T Bank Names Lopa Kolluri as Head of Affordable Housing Lending M&T Bank announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank. Kolluri will execute M&T's affordable housing business strategy and establish operational processes and governance structures to ensure the efficient delivery of first-rate customer service to its affordable housing clients. In addition, she will continue to strengthen the M&T's existing affordable housing relationships while establishing new regional and national customers to generate additional business opportunities. Previously, Kolluri was Senior Vice President within M&T's Commercial Real Estate (CRE) Innovation Office, where she led strategy for the bank's CRE transformation initiatives. Kolluri brings over 25 years of experience in affordable housing and community and economic development and has extensive knowledge and experience in executive-level management of housing finance policy, operations, and transactions. Before joining M&T, Kolluri was with the U.S. Department of Housing and Urban Development (HUD) where she served as the head of the Federal Housing Administration (FHA) overseeing $1.2 trillion in insured mortgages and leading 2,800 employees. She also oversaw HUD's Office of Housing which includes the Offices of Manufactured Housing, Multifamily Housing, and Housing Counseling. Recent Insider Transactions • Aug 01
Insider recently sold €1.2m worth of stock On the 29th of July, Kirk Walters sold around 7k shares on-market at roughly €162 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €2.1m. Insiders have been net sellers, collectively disposing of €5.7m more than they bought in the last 12 months. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: US$3.75 (vs US$5.07 in 2Q 2023) Second quarter 2024 results: EPS: US$3.75 (down from US$5.07 in 2Q 2023). Revenue: US$2.15b (down 12% from 2Q 2023). Net income: US$626.0m (down 26% from 2Q 2023). Profit margin: 29% (down from 34% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Announcement • Jul 18
M&T Bank Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2024 M&T Bank Corporation reported net charge offs for the second quarter ended June 30, 2024. for the quarter, the company reported net charge-offs of $137 million in as compared to $127 million in the year-earlier quarter. Announcement • Jun 21
M&T Bank Corporation to Report Q2, 2024 Results on Jul 18, 2024 M&T Bank Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 18, 2024 Declared Dividend • May 27
First quarter dividend of US$1.35 announced Shareholders will receive a dividend of US$1.35. Ex-date: 3rd June 2024 Payment date: 28th June 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (35% forecast payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
M&T Bank Corporation Declares Quarterly Cash Dividend, Payable on June 28, 2024 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. This represents an increase of $0.05 per share, or 4%, from the previous $1.30 per share dividend paid in the first quarter of 2024. The dividend will be payable June 28, 2024, to shareholders of record at the close of business on June 3, 2024. Recent Insider Transactions • May 15
Insider recently sold €2.1m worth of stock On the 10th of May, Kirk Walters sold around 15k shares on-market at roughly €142 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2024 earnings released: EPS: US$3.03 (vs US$4.03 in 1Q 2023) First quarter 2024 results: EPS: US$3.03 (down from US$4.03 in 1Q 2023). Revenue: US$2.06b (down 9.8% from 1Q 2023). Net income: US$505.0m (down 25% from 1Q 2023). Profit margin: 25% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Apr 21
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.2m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 16
First quarter 2024 earnings released: EPS: US$3.20 (vs US$4.03 in 1Q 2023) First quarter 2024 results: EPS: US$3.20 (down from US$4.03 in 1Q 2023). Revenue: US$2.06b (down 9.9% from 1Q 2023). Net income: US$531.0m (down 21% from 1Q 2023). Profit margin: 26% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Apr 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.04% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.01% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Mar 21
M&T Bank Corporation Appoints Sarah Knakmuhs as Chief Communications Officer M&T Bank Corporation announced that it has appointed Sarah Knakmuhs as chief communications officer. In this newly created role, Knakmuhs will continue to evolve and mature M&T's communication platforms and capabilities to enhance the bank's profile and strengthen engagement with stakeholders, including employees, shareholders, the media, and the communities M&T serves. Knakmuhs will report to Chris Kay, head of Enterprise Platforms, and is based in Washington, D.C. Knakmuhs previously served as senior counselor at global advisory group H/Advisors Abernathy where she built the D.C. office and provided strategic communications counsel to regulated companies navigating complex issues. Before this role, Knakmuhs spent over 14 years at a Fortune 200 company where she held senior roles encompassing government affairs and public policy, brand, and investor relations. Announcement • Mar 19
M&T Bank Corporation to Report Q1, 2024 Results on Apr 15, 2024 M&T Bank Corporation announced that they will report Q1, 2024 results Pre-Market on Apr 15, 2024 Announcement • Mar 06
M&T Bank Corporation, Annual General Meeting, Apr 16, 2024 M&T Bank Corporation, Annual General Meeting, Apr 16, 2024, at 11:00 US Eastern Standard Time. Agenda: To consider election of 16 directors for one-year terms and until their successors have been duly elected and qualified; to approve the 2023 compensation of M&T Bank Corporation’s Named Executive Officers; to approve ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of M&T Bank Corporation for the year ending December 31, 2024; and to transact such other business matters. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$15.85 (vs US$11.59 in FY 2022) Full year 2023 results: EPS: US$15.85 (up from US$11.59 in FY 2022). Revenue: US$9.00b (up 17% from FY 2022). Net income: US$2.64b (up 39% from FY 2022). Profit margin: 29% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.83% (up from 3.39% in FY 2022). Cost-to-income ratio: 54.9% (down from 56.6% in FY 2022). Non-performing loans: 1.62% (down from 1.85% in FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Feb 25
Fourth quarter dividend of US$1.30 announced Shareholders will receive a dividend of US$1.30. Ex-date: 1st March 2024 Payment date: 29th March 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
M&T Bank Corporation Announces First Quarter Common Stock Dividend, Payable on March 29, 2024 M&T Bank Corporation announced that it has declared a first quarter common stock dividend of $1.30 per share on its common stock. The dividend will be payable March 29, 2024, to shareholders of record at the close of business on March 4, 2024. Reported Earnings • Jan 19
Full year 2023 earnings released: EPS: US$16.52 (vs US$11.59 in FY 2022) Full year 2023 results: EPS: US$16.52 (up from US$11.59 in FY 2022). Revenue: US$9.00b (up 17% from FY 2022). Net income: US$2.74b (up 45% from FY 2022). Profit margin: 31% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 22
M&T Bank Corporation to Report Q4, 2023 Results on Jan 18, 2024 M&T Bank Corporation announced that they will report Q4, 2023 results Pre-Market on Jan 18, 2024 Upcoming Dividend • Nov 23
Upcoming dividend of US$1.30 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (6.4%). Announcement • Nov 15
M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend, Payable on December 29, 2023 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.30 per share on its common stock. The dividend will be payable December 29, 2023, to shareholders of record at the close of business on December 1, 2023. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$4.00 (vs US$3.55 in 3Q 2022) Third quarter 2023 results: EPS: US$4.00 (up from US$3.55 in 3Q 2022). Revenue: US$2.19b (up 2.7% from 3Q 2022). Net income: US$664.0m (up 7.0% from 3Q 2022). Profit margin: 30% (up from 29% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Oct 19
M&T Bank Corporation Reports Net Charge-Offs Results for the Third Quarter Ended September 30, 2023 M&T Bank Corporation reported net charge-offs results for the third quarter ended September 30, 2023. For the quarter, the company reported net charge-offs of $96 million against $63 million a year ago. Announcement • Oct 11
M&T Bank Appoints David W. Hollis as Chief Human Resources Officer M&T Bank announced its appointment of David W. Hollis as Chief Human Resources Officer. In this role, Hollis will lead staffing, recruiting, leadership development, compensation, benefits, and employee relations for M&T Bank, which includes more than 22,000 employees across the northeastern U.S. Hollis will be based in Buffalo, NY, and will report to Tracy Woodrow, who has served as M&T's CHRO since 2020. Woodrow will continue to serve as Chief Administrative Officer, overseeing M&T's Banking Services, Buffalo Promise Neighborhood (BPN), Corporate Services, Human Resources, and Environmental, Social, and Governance (ESG) teams. Woodrow also retains her position on M&T Bank's Executive Leadership Team. Hollis has over 37 years of experience, most recently serving as CHRO at Michigan-based commercial bank, Flagstar Bank. He oversaw Flagstar's human resources function and cultural integration following its acquisition by New York Community Bancorp (NYCB) which was completed in 2022, and Flagstar's acquisition of Signature Bank earlier this year. Previous roles include CHRO and Director of the Office of Minority and Women Inclusion for the Federal Reserve Bank of Cleveland, Chief Talent Officer for Goodyear Tire & Rubber Company, and Senior Vice President of HR for PNC and National City Bank. Hollis received a Bachelor's Degree in Business Administration and Marketing from the University of Illinois Chicago, and a Master's Degree in Human Resources and Organizational Behavior from Benedictine University. Announcement • Sep 24
M&T Bank Corporation to Report Q3, 2023 Results on Oct 18, 2023 M&T Bank Corporation announced that they will report Q3, 2023 results Pre-Market on Oct 18, 2023 Announcement • Sep 16
M&T Bank Corporation Names Phil Cohen as Regional President for Maine M&T Bank Corporation has said that Phil Cohen has been appointed as regional president of Maine. In his new role, Cohen will partner with MT's Community Bank leadership team-which includes members from its retail, business banking, wealth management, and charitable teams-to continue developing MT's business and engagement in The Pine Tree State. Cohen will continue to serve in his role as commercial senior group manager - Commercial Real Estate New Hampshire/Maine. Cohen assumes this new role following the retirement of Dan Thornton earlier this year. Cohen, who joined MT in 2022 following its acquisition of People's United Bank, has been with the combined organisation for 18 years. He most recently served as group manager for the Commercial Real Estate teams in Maine and New Hampshire. Upcoming Dividend • Aug 24
Upcoming dividend of US$1.30 per share at 4.1% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.1%). Announcement • Aug 17
M&T Bank Corporation Announces Third Quarter Common Stock Dividend, Payable on September 29, 2023 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.30 per share on its common stock. The dividend will be payable September 29, 2023 to shareholders of record at the close of business on September 1, 2023. Announcement • Aug 05
Mt Bank Appoints Mark Hutton as Delaware Regional President MT Bank announced that Mark Hutton has been appointed as Delaware regional president. Hutton assumes the role following the retirement of the bank's former top executive in the state, Nick Lambrow, on July 7. Hutton, who joined the bank in 2008, has been serving as MT's executive vice president for commercial banking in Delaware since March 2022. In addition to that role, Hutton will also be responsible for all aspects of the bank's operations in Delaware, including strategic planning, business development, community markets, community engagement, and client experience. Announcement • Jul 22
M&T Bank Corporation Provides Earnings Guidance for the Year 2023 M&T Bank Corporation provided earnings guidance for the year 2023. For the period, the company expects taxable equivalent net interest income to trend towards the lower end of the $7 billion to $7.2 billion range, which reflects a flat to modestly higher loan and deposit growth and incorporates 125 basis point hike in August of this year, noninterest income to be in the range of $2.25 billion to $2.3 billion range. New Risk • Jul 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: US$5.23 (vs US$1.08 in 2Q 2022) Second quarter 2023 results: EPS: US$5.23 (up from US$1.08 in 2Q 2022). Revenue: US$2.45b (up 46% from 2Q 2022). Net income: US$867.0m (up 351% from 2Q 2022). Profit margin: 35% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Jun 30
MT Bank Announces Management Appointments MT Bank has announced a slate of leadership updates in its Commercial Bank which are designed to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities. These changes include the following promotions and new hires: Tim Gallagher has been named Head of Commercial Real Estate. Gallagher brings over 25 years of CRE experience to MT, including tenures with Morgan Stanley and Annaly Capital. In this role, Gallagher will oversee all aspects of the CRE platform and strategy including both on and off-balance sheet activities. Matt Petrula will continue as head of Regional Real Estate and will work closely with Gallagher to coordinate and execute MT's CRE strategy. Hugh Giorgio has been named Head of Investment Banking. Giorgio, a 20-year veteran of MT's Investment Bank, currently holds the role of Head of Debt Capital Markets which includes CI and CRE Loan Capital Markets, Fixed Income Capital Markets, Equity Capital Markets, and Loan Sales and Trading. Giorgio will maintain these responsibilities while expanding his oversight to include the bank's broker-dealer, MT Securities, and Mergers and Acquisitions Advisory business unit. Jeff Carpenter has been named Head of Specialty and Corporate Banking. Prior to joining MT, Carpenter spent 10 years with People's United Commercial Banking business on Capital Markets, Specialty Finance, Commercial Strategy, and Healthcare. In this role, Carpenter will oversee Franchise Banking, Leveraged Lending, Fund Banking, and Large Corporate and Mortgage Warehouse Lending in addition to his current responsibilities leading Treasury Capital Markets. Michelle Brett has been appointed Head of Commercial Risk. Michelle Brett brings over 25 years of risk management experience to her new role, most recently at J.P. Morgan Chase where she spent the past 19 years in risk, operations, and business administration within the Commercial Bank. In this role, Brett is responsible for oversight of activities identifying, assessing, monitoring, and controlling risk. The Head of Commercial Risk facilitates the establishment of division-wide and business line-specific policies, procedures, and limits. All of the positions announced above will report directly to Peter D'Arcy and are effective immediately. Announcement • Jun 15
M&T Bank Corporation to Report Q2, 2023 Results on Jul 19, 2023 M&T Bank Corporation announced that they will report Q2, 2023 results Pre-Market on Jul 19, 2023 Recent Insider Transactions • Jun 06
Chief Financial Officer recently bought €1.1m worth of stock On the 1st of June, Daryl Bible bought around 10k shares on-market at roughly €112 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Daryl's only on-market trade for the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$1.30 per share at 4.3% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.1%). Recent Insider Transactions • May 22
Independent Director recently sold €77k worth of stock On the 17th of May, Rudina Seseri sold around 700 shares on-market at roughly €109 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Announcement • May 18
M&T Bank Corporation and M&T Bank Announce Executive Changes M&T Bank Corporation announced that Michael R. Spychala will be retiring as Controller of M&T and its principal subsidiary, M&T Bank, as of June 30, 2023. Mr. Spychala joined M&T in 1991 as Director of Accounting Policy. He became Controller of M&T Bank in 1996 and of M&T in 1997. Mr. Spychala will remain with M&T as Senior Director in its Finance Division. John R. Taylor, Assistant Controller of M&T Bank, will become Controller of M&T and M&T Bank effective July 1, 2023. Mr. Taylor, age 56, joined M&T Bank in 2001 as Director of Accounting Policy and held that position until he was named Assistant Controller in 2021. Announcement • May 17
M&T Bank Corporation Announces Second Quarter Common Stock Dividend, Payable on June 30, 2023 M&T Bank Corporation announced that it has declared a quarterly cash dividend of $1.30 per share on its common stock. The dividend will be payable June 30, 2023, to shareholders of record at the close of business on June 1, 2023. Reported Earnings • Apr 19
First quarter 2023 earnings released: EPS: US$4.03 (vs US$2.63 in 1Q 2022) First quarter 2023 results: EPS: US$4.03 (up from US$2.63 in 1Q 2022). Revenue: US$2.29b (up 59% from 1Q 2022). Net income: US$675.5m (up 99% from 1Q 2022). Profit margin: 30% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €117, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 37% over the past three years. Recent Insider Transactions • Feb 28
Independent Director recently bought €57k worth of stock On the 21st of February, Richard Ledgett bought around 390 shares on-market at roughly €147 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.1m more in shares than they bought in the last 12 months. Reported Earnings • Jan 20
Full year 2022 earnings released: EPS: US$11.59 (vs US$13.81 in FY 2021) Full year 2022 results: EPS: US$11.59. Revenue: US$7.66b (up 26% from FY 2021). Net income: US$1.89b (up 6.4% from FY 2021). Profit margin: 25% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.39% (up from 2.76% in FY 2021). Cost-to-income ratio: 56.6% (down from 59.0% in FY 2021). Non-performing loans: 1.85% (down from 2.22% in FY 2021). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Announcement • Jan 20
M&T Bank Corporation Reports Net-Charge Offs for the Fourth Quarter 2022 M&T Bank Corporation reports net-charge offs for the fourth quarter 2022. Net loan charge-offs were $40 million in the fourth quarter of 2022, $31 million in the fourth quarter of 2021 and $63 million in 2022’s third quarter. Announcement • Jan 19
M&T Bank Corporation Elects Carlton J. Charles to the Board of Directors M&T Bank Corporation announced the election of Carlton J. Charles, Senior Vice President, Treasury and Risk Management at Hearst, to its Board of Directors, effective January 18, 2023. Upon his election, Mr. Charles was appointed as a member of the Nomination and Governance Committee of M&T's Board. Mr. Charles was also elected to the Board of Directors of M&T Bank, M&T's principal banking subsidiary. Mr. Charles serves as Corporate Treasurer for Hearst, a leading global, diversified information, services, and media company with operations in 40 countries. He oversees the company's risk management activities as chairman of the Risk Working Group, which he helped establish at Hearst. Mr. Charles also leads insurance operations for the company, serves as Chairman of Level Up Ventures, a venture capital unit within Hearst focused on Black and Latino entrepreneurs, and is currently guiding an effort to further diversify Hearst's roster of vendor partners. Mr. Charles serves on the Hearst Board of Directors and the Board of Advisors for Hearst Lab, Hearst's platform for nurturing the growth of early-stage, women-led companies. Before Hearst, Mr. Charles served as Senior Vice President and Chief Operational Risk Officer at Moody's Corporation, where he was an early architect of Moody's Enterprise Risk Management program. His prior career experiences included roles with International Paper and Viacom. A resident of New York City, Mr. Charles serves on the board of BUILD. Mr. Charles earned his MBA in finance from the University of Chicago and holds a master's in public policy, and a bachelor's degree in quantitative economics from the State University of New York at Stony Brook. Announcement • Jan 04
M&T Bank Corporation Announces Calvin G. Butler, Jr. Steps Down from its Board of Directors M&T Bank Corporation announced that as previously announced by Exelon Corporation, Calvin G. Butler, Jr. has been named Exelon’s President and Chief Executive Officer, effective December 31, 2022. In order to focus on his new role, Mr. Butler delivered notice to M&T Bank Corporation on December 30, 2022, that he will be stepping down from the M&T Board of Directors effective as of December 31, 2022. Mr. Butler, who joined the M&T Board of Directors in 2020, has been a valued team member and will remain a community partner and friend to M&T. Announcement • Dec 22
M&T Bank Corporation to Report Q4, 2022 Results on Jan 19, 2023 M&T Bank Corporation announced that they will report Q4, 2022 results Pre-Market on Jan 19, 2023 Upcoming Dividend • Nov 23
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$3.55 (vs US$3.70 in 3Q 2021) Third quarter 2022 results: EPS: US$3.55. Revenue: US$2.13b (up 37% from 3Q 2021). Net income: US$620.6m (up 30% from 3Q 2021). Profit margin: 29% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Recent Insider Transactions • Sep 13
Insider recently sold €376k worth of stock On the 9th of September, D. Scott Warman sold around 2k shares on-market at roughly €188 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €862k. Insiders have been net sellers, collectively disposing of €4.9m more than they bought in the last 12 months. Upcoming Dividend • Aug 24
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%). Recent Insider Transactions • Aug 13
Insider recently sold €560k worth of stock On the 9th of August, Kirk Walters sold around 3k shares on-market at roughly €176 per share. In the last 3 months, there was an even bigger sale from another insider worth €806k. Insiders have been net sellers, collectively disposing of €3.0m more than they bought in the last 12 months. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: US$1.23 (vs US$3.41 in 2Q 2021) Second quarter 2022 results: EPS: US$1.23 (down from US$3.41 in 2Q 2021). Revenue: US$1.68b (up 14% from 2Q 2021). Net income: US$217.5m (down 50% from 2Q 2021). Profit margin: 13% (down from 30% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 45%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 02
Independent Director recently sold €175k worth of stock On the 27th of May, Gary Geisel sold around 1k shares on-market at roughly €167 per share. In the last 3 months, there was an even bigger sale from another insider worth €806k. Insiders have been net sellers, collectively disposing of €2.2m more than they bought in the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$1.20 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.4%). Recent Insider Transactions • May 20
Vice Chairman recently sold €806k worth of stock On the 17th of May, Kevin Pearson sold around 5k shares on-market at roughly €161 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. 
