M&T Bank Management

Management criteria checks 3/4

M&T Bank's CEO is Ren Jones, appointed in Dec 2017, has a tenure of 6.42 years. total yearly compensation is $9.39M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.064% of the company’s shares, worth €14.62M. The average tenure of the management team and the board of directors is 2.3 years and 11.8 years respectively.

Key information

Ren Jones

Chief executive officer

US$9.4m

Total compensation

CEO salary percentage	11.7%
CEO tenure	6.4yrs
CEO ownership	0.06%
Management average tenure	2.3yrs
Board average tenure	11.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ren Jones's remuneration changed compared to M&T Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$9m	US$1m	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$9m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$7m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$6m	US$1m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$6m	US$950k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$5m	US$900k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$3m	US$745k	US$1b

Compensation vs Market: Ren's total compensation ($USD9.39M) is above average for companies of similar size in the German market ($USD5.31M).

Compensation vs Earnings: Ren's compensation has been consistent with company performance over the past year.

CEO

Ren Jones (58 yo)

6.4yrs

Tenure

US$9,385,557

Compensation

Mr. Rene F. Jones, also known as Ren, has been the Chairman and Chief Executive Officer of M&T Bank Corporation since December 20, 2017. Mr. Jones served as an Executive Vice President of M&T Bank Corporat...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rene Jones	Chairman & CEO	6.4yrs	US$9.39m	0.064% $ 14.6m
Daryl Bible	Senior EVP & Chief Financial Officer	less than a year	US$3.69m	0.0090% $ 2.0m
Darren King	Sr. Executive VP of Retail Banking	less than a year	US$4.16m	0.038% $ 8.7m
Doris Meister	Senior Executive Vice President of Wealth & Institutional Services	7.8yrs	US$3.39m	0.0020% $ 458.6k
Christopher Kay	Senior Executive VP & Head of Enterprise Platforms	5.5yrs	US$3.22m	0.0062% $ 1.4m
Hugh Giorgio	Head of Investment Banking	less than a year	no data	no data
Michael Wisler	Senior VP & Chief Information Officer	2.3yrs	no data	no data
Tracy Woodrow	Senior EVP & Chief Administrative Officer	1.3yrs	no data	0.0031% $ 699.2k
Brian Klock	Senior VP and Head of Markets & Investor Relations	2.3yrs	no data	no data
Laura O'Hara	Senior EVP & Chief Legal Officer	6.8yrs	no data	0.0034% $ 776.4k
Sarah Knakmuhs	Chief Communications Officer	less than a year	no data	no data
Francesco Lagutaine	Senior VP and Chief Marketing & Communications Officer	3.8yrs	no data	no data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: MTZ's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rene Jones	Chairman & CEO	6.4yrs	US$9.39m	0.064% $ 14.6m
John Barnes	Independent Director	2.1yrs	US$235.01k	0.064% $ 14.5m
Robert Sadler	Independent Director	25.3yrs	US$283.13k	0.048% $ 10.9m
Robert Brady	Independent Director	30.3yrs	US$270.08k	0.012% $ 2.8m
Thomas Jefferson Cunningham	Independent Director	23.3yrs	US$234.07k	0.0076% $ 1.7m
Gary Geisel	Non-Executive Vice Chairman & Lead Independent Director	15yrs	US$254.07k	0.011% $ 2.4m
Herbert Washington	Independent Director	28.3yrs	US$245.01k	0.0092% $ 2.1m
Melinda Rich	Independent Director	15.1yrs	US$225.01k	0.012% $ 2.7m
Denis Salamone	Independent Director	8.5yrs	US$265.01k	0.046% $ 10.4m
Leslie J. Godridge	Independent Director	3.5yrs	US$250.01k	0.0010% $ 227.0k
Rudina Seseri	Independent Director	3.5yrs	US$222.01k	0.00047% $ 106.7k
Richard Ledgett	Independent Director	6.8yrs	US$250.01k	0.0023% $ 517.6k

11.8yrs

Average Tenure

69yo

Average Age

Experienced Board: MTZ's board of directors are seasoned and experienced ( 11.8 years average tenure).

M&T Bank Management

Management criteria checks 3/4

Key information

Recent management updates

M&T Bank Corporation Appoints Sarah Knakmuhs as Chief Communications Officer

M&T Bank Corporation, Annual General Meeting, Apr 16, 2024

M&T Bank Appoints David W. Hollis as Chief Human Resources Officer

M&T Bank Corporation Names Phil Cohen as Regional President for Maine

Mt Bank Appoints Mark Hutton as Delaware Regional President

MT Bank Announces Management Appointments

Recent updates

New minor risk - Insider selling

First quarter 2024 earnings released: EPS: US$3.20 (vs US$4.03 in 1Q 2023)

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

M&T Bank Corporation Appoints Sarah Knakmuhs as Chief Communications Officer

M&T Bank Corporation to Report Q1, 2024 Results on Apr 15, 2024

M&T Bank Corporation, Annual General Meeting, Apr 16, 2024

Full year 2023 earnings released: EPS: US$15.85 (vs US$11.59 in FY 2022)

Fourth quarter dividend of US$1.30 announced

M&T Bank Corporation Announces First Quarter Common Stock Dividend, Payable on March 29, 2024

Full year 2023 earnings released: EPS: US$16.52 (vs US$11.59 in FY 2022)

M&T Bank Corporation to Report Q4, 2023 Results on Jan 18, 2024

Upcoming dividend of US$1.30 per share at 4.2% yield

M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$4.00 (vs US$3.55 in 3Q 2022)

M&T Bank Corporation Reports Net Charge-Offs Results for the Third Quarter Ended September 30, 2023

M&T Bank Appoints David W. Hollis as Chief Human Resources Officer

M&T Bank Corporation to Report Q3, 2023 Results on Oct 18, 2023

M&T Bank Corporation Names Phil Cohen as Regional President for Maine

Upcoming dividend of US$1.30 per share at 4.1% yield

M&T Bank Corporation Announces Third Quarter Common Stock Dividend, Payable on September 29, 2023

Mt Bank Appoints Mark Hutton as Delaware Regional President

M&T Bank Corporation Provides Earnings Guidance for the Year 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$5.23 (vs US$1.08 in 2Q 2022)

MT Bank Announces Management Appointments

M&T Bank Corporation to Report Q2, 2023 Results on Jul 19, 2023

M&T Bank Corporation (NYSE:MTB) announces an Equity Buyback for $8,000 million worth of its shares.

Chief Financial Officer recently bought €1.1m worth of stock

Upcoming dividend of US$1.30 per share at 4.3% yield

Independent Director recently sold €77k worth of stock

M&T Bank Corporation and M&T Bank Announce Executive Changes

M&T Bank Corporation Announces Second Quarter Common Stock Dividend, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$4.03 (vs US$2.63 in 1Q 2022)

Investor sentiment deteriorates as stock falls 18%

Independent Director recently bought €57k worth of stock

Full year 2022 earnings released: EPS: US$11.59 (vs US$13.81 in FY 2021)

M&T Bank Corporation Reports Net-Charge Offs for the Fourth Quarter 2022

M&T Bank Corporation Elects Carlton J. Charles to the Board of Directors

M&T Bank Corporation Announces Calvin G. Butler, Jr. Steps Down from its Board of Directors

M&T Bank Corporation to Report Q4, 2022 Results on Jan 19, 2023

M&T Bank Corporation Appoints Chris Kay as Head of Enterprise Platforms

Upcoming dividend of US$1.20 per share

M&T Bank Appoints Sam Bluso as Head of Institutional Real Estate

M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend, Payable on December 30, 2022

Arthur J. Gallagher & Co. (NYSE:AJG) completed the acquisition of M&T Insurance Agency, Inc. from M&T Bank Corporation (NYSE:MTB).

Third quarter 2022 earnings released: EPS: US$3.55 (vs US$3.70 in 3Q 2021)

M&T Bank Corporation Reports Net Charge-Offs for the Quarter Ended September 30, 2022

Arthur J. Gallagher & Co. (NYSE:AJG) signed a definitive agreement to acquire M&T Insurance Agency, Inc. from M&T Bank Corporation (NYSE:MTB).

Insider recently sold €376k worth of stock

M&T Bank Corporation to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$1.20 per share

M&T Bank Corporation Announces Third Quarter Common Stock Dividend, Payable on September 30, 2022

Insider recently sold €560k worth of stock

Second quarter 2022 earnings released: EPS: US$1.23 (vs US$3.41 in 2Q 2021)

M&T Bank Corporation Names Matthew Orrino Managing Director and Head of Institutional Commercial Real Estate Capital Markets

M&T Bank Corporation (NYSE:MTB) announces an Equity Buyback for $3,000 million worth of its shares.

M&T Bank Corporation to Report Q2, 2022 Results on Jul 20, 2022

M&T Bank Corporation Announces Retirement of Rich Gold as President and Chief Operating Officer

Independent Director recently sold €175k worth of stock

Upcoming dividend of US$1.20 per share

Vice Chairman recently sold €806k worth of stock

M&T Bank Corporation Announces Second Quarter Common Stock Dividend, Payable on June 30, 2022

M&T Bank Names Frank Micalizzi Bridgeport Regional President and Head of Commercial Banking for Connecticut

M&T Bank Names Grace Lee Eastern Massachusetts Regional President and Group Lead of New England Government Banking

M&T Bank Appoints Erin Komorowski as the New Head of Its Environmental, Social and Governance Office

First quarter 2022 earnings released: EPS: US$2.63 (vs US$3.33 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$2.63 (vs US$3.33 in 1Q 2021)