NYSE:MTB.PRC

Stock Analysis Report

Executive Summary

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has M&T Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

NYSE:MTB.PRC

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-0.5%

NYSE:MTB.PRC

-16.1%

US Banks

-3.0%

US Market

MTB.PRC outperformed the Banks industry which returned -5.7% over the past year.

MTB.PRC underperformed the Market in United States of America which returned 3.9% over the past year.


Share holder returns

MTB.PRCIndustryMarket
7 Day-1.3%-1.8%-1.6%
30 Day-2.5%-10.1%-5.7%
90 Dayn/a-5.0%0.2%
1 Year6.0%-0.5%-13.7%-16.1%-0.8%-3.0%
3 Year18.9%-2.9%37.9%28.5%38.1%29.1%
5 Year29.5%-6.6%49.3%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is M&T Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is M&T Bank undervalued based on future cash flows and its price relative to the stock market?

29%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

M&T Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).

M&T Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

M&T Bank is good value based on earnings compared to the US Banks industry average.

M&T Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

M&T Bank earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

M&T Bank is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is M&T Bank expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

-2.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

M&T Bank's revenue is expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).

M&T Bank's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

M&T Bank's revenue growth is positive but not above the United States of America market average.

M&T Bank's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

M&T Bank's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

M&T Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has M&T Bank performed over the past 5 years?

15.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

M&T Bank's year on year earnings growth rate has been positive over the past 5 years.

M&T Bank's 1-year earnings growth exceeds its 5-year average (34.8% vs 15.4%)

M&T Bank's earnings growth has exceeded the US Banks industry average in the past year (34.8% vs 33.8%).


Return on Equity

M&T Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

M&T Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if M&T Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is M&T Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

M&T Bank has an acceptable proportion of non-loan assets held.

M&T Bank has a sufficient allowance for bad loans.

M&T Bank's liabilities are made up of primarily low risk sources of funding.

M&T Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at M&T Bank are broadly funded by customer deposits.

M&T Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is M&T Bank's current dividend yield, its reliability and sustainability?

2.99%

Expected Dividend Yield


Dividend Yield and Payments Analysis

M&T Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

M&T Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).


Next Steps

Management

What is the CEO of M&T Bank's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Ren Jones (54yo)

1.7yrs

Tenure

US$4,770,132

Compensation

Mr. René F. Jones, also known as Ren, CPA, has been the Chief Executive Officer and Chairman of the Board at M&T Bank Corporation since December 20, 2017. He served as Vice Chairman of M&T Bank, a subsidia ...


CEO Compensation Analysis

Ren's remuneration is lower than average for companies of similar size in United States of America.

Ren's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.0yrs

Average Tenure

57yo

Average Age

The tenure for the M&T Bank management team is about average.


Board Age and Tenure

18.6yrs

Average Tenure

74.5yo

Average Age

The average tenure for the M&T Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kevin Pearson (57yo)

    Executive VP & Director

    • Tenure: 0.0yrs
    • Compensation: US$3.21m
  • Michele Trolli (57yo)

    Executive VP and Chief Technology & Operations Officer

    • Tenure: 1.6yrs
  • Michael Spychala

    Senior VP

    • Tenure: 0.0yrs
  • Ren Jones (54yo)

    Chairman & CEO

    • Tenure: 1.7yrs
    • Compensation: US$4.77m
  • Don MacLeod

    Administrative VP

    • Tenure: 0.0yrs
  • Doris Meister (63yo)

    Executive Vice President of Wealth & Institutional Services

    • Tenure: 3.0yrs
    • Compensation: US$2.36m
  • Rich Gold (58yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.21m
  • Darren King (49yo)

    Executive VP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$2.36m
  • Marianne Roche

    Chief Regulatory Counsel & Enterprise Compliance Risk Manager

    • Tenure: 0.0yrs
  • Laura O'Hara

    Senior VP & General Counsel

    • Tenure: 2.0yrs

Board Members

  • Bob Sadler (73yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$239.50k
  • Brent Baird (80yo)

    Director

    • Tenure: 36.6yrs
    • Compensation: US$249.00k
  • Robert Brady (78yo)

    Vice Chairman & Lead Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$200.00k
  • Thomas Jefferson Cunningham (76yo)

    Director

    • Tenure: 18.6yrs
    • Compensation: US$198.00k
  • C. Bontempo (78yo)

    Director

    • Tenure: 28.6yrs
    • Compensation: US$184.00k
  • Herbert Washington (68yo)

    Director

    • Tenure: 23.6yrs
    • Compensation: US$174.00k
  • Jerry Hawke (85yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: US$196.00k
  • Kevin Pearson (57yo)

    Executive VP & Director

    • Tenure: 0.0yrs
    • Compensation: US$3.21m
  • Ren Jones (54yo)

    Chairman & CEO

    • Tenure: 1.7yrs
    • Compensation: US$4.77m
  • Rich Gold (58yo)

    President

    • Tenure: 1.7yrs
    • Compensation: US$3.21m

Company Information

M&T Bank Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: M&T Bank Corporation
  • Ticker: MTB.PRC
  • Exchange: NYSE
  • Founded: 1856
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$20.903b
  • Shares outstanding: 134.20m
  • Website: https://www.mtb.com

Number of Employees


Location

  • M&T Bank Corporation
  • One M&T Plaza
  • Buffalo
  • New York
  • 14203
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTBNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
MTZDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969
0JW2LSE (London Stock Exchange)YesCommon StockGBUSDJan 1969
MTB.PRCNYSE (New York Stock Exchange)PERP PFD-CUSUSDAug 2012
MTB.PRNYSE (New York Stock Exchange)PERP PFD-AUSUSDAug 2012
A1ZDN2DB (Deutsche Boerse AG)-E 6.45%DEUSDFeb 2014

Biography

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company’s Business Banking se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/02 00:32
End of Day Share Price2019/07/31 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.