M&T Bank
Market Cap
US$20.4b
Last Updated
2019/10/21 23:40 UTC
Data Sources
Company Financials +
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
-1.6%
MTB
4.1%
US Banks
1.0%
US Market
1 Year Return
-2.5%
MTB
7.2%
US Banks
8.0%
US Market
Return vs Industry: MTB underperformed the US Banks industry which returned 7.2% over the past year.
Return vs Market: MTB underperformed the US Market which returned 8% over the past year.
Shareholder returns
| MTB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 4.1% | 1.0% |
| 30 Day | -1.4% | 2.8% | -0.07% |
| 90 Day | -5.3% | 2.9% | -1.0% |
| 1 Year | -0.06%-2.5% | 10.3%7.2% | 10.4%8.0% |
| 3 Year | 37.9%29.5% | 53.9%43.3% | 46.2%36.7% |
| 5 Year | 46.8%31.6% | 71.9%53.1% | 64.3%46.2% |
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
20 hours ago | Simply Wall St
M&T Bank Corporation Just Released Its Third-Quarter And Analysts Have Been Updating Their Estimates3 days ago | Simply Wall St
Does M&T Bank Corporation (NYSE:MTB) Have A Good P/E Ratio?3 weeks ago | Simply Wall St
Did M&T Bank's (NYSE:MTB) Share Price Deserve to Gain 36%?Valuation
Is M&T Bank undervalued compared to its fair value and its price relative to the market?
30.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTB ($154.04) is trading below our estimate of fair value ($219.99)
Significantly Below Fair Value: MTB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MTB is good value based on its PE Ratio (11.1x) compared to the Banks industry average (12.6x).
PE vs Market: MTB is good value based on its PE Ratio (11.1x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: MTB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MTB is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is M&T Bank forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-4.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTB's earnings are forecast to decline over the next 3 years (-4.7% per year).
Earnings vs Market: MTB's earnings are forecast to decline over the next 3 years (-4.7% per year).
High Growth Earnings: MTB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MTB's revenue is expected to decline over the next 3 years (-0.3% per year).
High Growth Revenue: MTB's revenue is forecast to decline over the next 3 years (-0.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTB's Return on Equity is forecast to be low in 3 years time (13.2%).
Next Steps
Past Performance
How has M&T Bank performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MTB's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: MTB's earnings growth over the past year (17.9%) exceeds its 5-year average (16% per year).
Earnings vs Industry: MTB earnings growth over the past year (17.9%) underperformed the Banks industry 30.1%.
Return on Equity
High ROE: MTB's Return on Equity (12.6%) is considered low.
Return on Assets
ROA vs Industry: MTB has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate MTB's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: MTB has a low level of unsold assets or inventory.
Debt Coverage by Assets: MTB's debt is covered by short term assets (assets are 1.240980x debt).
Financial Institutions Analysis
Asset Level: MTB's level of assets compared to its equity is low.
Allowance for Bad Loans: MTB has a sufficient allowance for bad loans.
Low Risk Liabilities: MTB's liabilities are made up of primarily low risk sources of funding.
Loan Level: MTB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MTB's loans are broadly funded by customer deposits.
Level of Bad Loans: MTB has an appropriate level of bad loans (1.12%)
Next Steps
Dividend
What is M&T Bank's current dividend yield, its reliability and sustainability?
2.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MTB's dividend (2.6%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: MTB's dividend (2.6%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: MTB's dividends per share have been stable in the past 10 years.
Growing Dividend: MTB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), MTB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MTB's dividends in 3 years are forecast to be well covered by earnings (35.6% payout ratio).
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?
2.2yrs
Average management tenure
CEO
Ren Jones (54yo)
1.8yrs
Tenure
US$4,770,132
Compensation
Mr. René F. Jones, also known as Ren, is chief executive officer, chairman of the board and a director of M&T Bank Corporation since December 20, 2017 and M&T Bank December 2017. He is an Executive Vice Pr ...
CEO Compensation Analysis
Compensation vs. Market: Ren has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Ren's compensation has increased by more than 20% in the past year.
Management Age and Tenure
2.2yrs
Average Tenure
57yo
Average Age
Experienced Management: MTB's management team is considered experienced (2.2 years average tenure).
Board Age and Tenure
18.8yrs
Average Tenure
74.5yo
Average Age
Experienced Board: MTB's board of directors are seasoned and experienced ( 18.8 years average tenure).
Insider Trading
Insider Buying: MTB insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 650 |
| Max Price | US$154.58 |
| Entity | Individual |
| Shares | 1,025 |
| Max Price | US$149.51 |
| Entity | Individual |
| Shares | 186 |
| Max Price | US$144.84 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Wealth & Institutional Services |
| Shares | 1,108 |
| Max Price | US$150.96 |
| Entity | Individual |
| Shares | 3,070 |
| Max Price | US$163.82 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Wealth & Institutional Services |
| Shares | 460 |
| Max Price | US$160.29 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 1,841 |
| Max Price | US$162.95 |
| Entity | Individual |
| Shares | 1,638 |
| Max Price | US$170.03 |
| Entity | Individual |
| Shares | 1,476 |
| Max Price | US$169.43 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 106 |
| Max Price | US$170.54 |
| Entity | Individual |
| Shares | 1,100 |
| Max Price | US$168.13 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$168.53 |
| Entity | Individual |
| Role | Chief Technology Officer Executive VP and Chief Technology & Operations Officer |
| Shares | 5,000 |
| Max Price | US$173.14 |
| Entity | Individual |
| Shares | 1,001 |
| Max Price | US$173.00 |
| Entity | Individual |
| Shares | 667 |
| Max Price | US$167.70 |
| Entity | Individual |
| Shares | 365 |
| Max Price | US$165.67 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$168.40 |
| Entity | Individual |
| Shares | 934 |
| Max Price | US$164.50 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Wealth & Institutional Services |
| Shares | 800 |
| Max Price | US$167.24 |
| Entity | Individual |
| Shares | 930 |
| Max Price | US$164.80 |
Ownership Breakdown
Management Team
Kevin Pearson (57yo)
Executive VP & Director
- Tenure: 0yrs
- Compensation: US$3.21m
Michele Trolli (57yo)
Executive VP and Chief Technology & Operations Officer
- Tenure: 1.8yrs
Michael Spychala
Senior VP
- Tenure: 0yrs
Ren Jones (54yo)
Chairman & CEO
- Tenure: 1.8yrs
- Compensation: US$4.77m
Don MacLeod
Administrative VP
- Tenure: 0yrs
Doris Meister (63yo)
Executive Vice President of Wealth & Institutional Services
- Tenure: 3.2yrs
- Compensation: US$2.36m
Rich Gold (58yo)
President
- Tenure: 1.8yrs
- Compensation: US$3.21m
Darren King (49yo)
Executive VP & CFO
- Tenure: 3.4yrs
- Compensation: US$2.36m
Marianne Roche
Chief Regulatory Counsel & Enterprise Compliance Risk Manager
- Tenure: 0yrs
Laura O'Hara
Senior VP & General Counsel
- Tenure: 2.2yrs
Board Members
Bob Sadler (73yo)
Director
- Tenure: 20.8yrs
- Compensation: US$239.50k
Brent Baird (80yo)
Independent Director
- Tenure: 36.8yrs
- Compensation: US$249.00k
Robert Brady (78yo)
Vice Chairman & Lead Independent Director
- Tenure: 4.3yrs
- Compensation: US$200.00k
Thomas Jefferson Cunningham (76yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$198.00k
C. Bontempo (78yo)
Independent Director
- Tenure: 28.8yrs
- Compensation: US$184.00k
Herbert Washington (68yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$174.00k
Jerry Hawke (85yo)
Independent Director
- Tenure: 7.3yrs
- Compensation: US$196.00k
Kevin Pearson (57yo)
Executive VP & Director
- Tenure: 0yrs
- Compensation: US$3.21m
Ren Jones (54yo)
Chairman & CEO
- Tenure: 1.8yrs
- Compensation: US$4.77m
Rich Gold (58yo)
President
- Tenure: 1.8yrs
- 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
- Exchange: NYSE
- Founded: 1856
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$20.376b
- Shares outstanding: 132.28m
- Website: https://www.mtb.com
Number of Employees
Location
- M&T Bank Corporation
- One M&T Plaza
- Buffalo
- New York
- 14203
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MTB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1969 |
| MTZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1969 |
| 0JW2 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1969 |
| A1ZDN2 | DB (Deutsche Boerse AG) | 6.45%-FRN PERP USD 'E' | DE | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:40 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.