M&T Bank Management
Management criteria checks 4/4
M&T Bank's CEO is Ren Jones, appointed in Dec 2017, has a tenure of 6.33 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 $15.77M. The average tenure of the management team and the board of directors is 2.3 years and 11.7 years respectively.
Key information
Ren Jones
Chief executive officer
US$9.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 6.3yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2.3yrs |
| Board average tenure | 11.7yrs |
Recent management updates
Recent updates
M&T Bank: Buy The Dip
Apr 11M&T Bank: Fully Re-Rated (Rating Downgrade)
Jan 25M&T Bank Hasn't Seen The Price Growth It Deserves
Dec 30Here's Why M&T Bank (NYSE:MTB) Has Caught The Eye Of Investors
Dec 17
M&T Bank Delivering With A More Conservative But Still Profitable Plan
Oct 20Navigating M&T Bank: A Hidden Gem Or A Lost Cause?
Oct 02Deposit Pressures Make M&T Bank A Sell
Sep 10We Ran A Stock Scan For Earnings Growth And M&T Bank (NYSE:MTB) Passed With Ease
Aug 08Why M&T Bank Is A Strong Buy And A Hidden Value Opportunity
Jul 20M&T Bank: 4.5% Yield, Solid Deposit Franchise, 18% Discount To BV
Jun 26M&T Bank Offers Rate And Operating Leverage, But Execution Is Crucial
Jan 24M&T Bank Q4 2022 Earnings Preview
Jan 18M&T Bank upped to Outperform at Wedbush, calling it a 'defensive safe haven'
Jan 03M&T Bank to sell Collective Investment Trust unit to Madison Dearborn
Dec 19M&T Bank (NYSE:MTB) Will Pay A Dividend Of $1.20
Nov 19M&T Bank declares $1.20 dividend
Nov 15M&T Bank Q3 consensus EPS down Y/Y as other regional banks miss
Oct 18M&T Bank - The Price Is High
Aug 26M&T Bank declares $1.20 dividend
Aug 17M&T Bank: Regional Banking's Best Now Near-Term Cap-Gain Prospect
Jul 25M&T Bank authorizes $3B in share repurchase program, declares preferred dividends
Jul 19CEO Compensation Analysis
| 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 below average for companies of similar size in the US market ($USD13.52M).
Compensation vs Earnings: Ren's compensation has been consistent with company performance over the past year.
CEO
Ren Jones (58 yo)
6.3yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 6.3yrs | US$9.39m | 0.064% $ 15.8m | |
| Senior EVP & Chief Financial Officer | less than a year | US$3.69m | 0.0090% $ 2.2m | |
| Sr. Executive VP of Retail Banking | less than a year | US$4.16m | 0.038% $ 9.4m | |
| Senior Executive Vice President of Wealth & Institutional Services | 7.7yrs | US$3.39m | 0.0020% $ 494.6k | |
| Senior Executive VP & Head of Enterprise Platforms | 5.4yrs | US$3.22m | 0.0062% $ 1.5m | |
| Head of Investment Banking | less than a year | no data | no data | |
| Senior VP & Chief Information Officer | 2.3yrs | no data | no data | |
| Senior EVP & Chief Administrative Officer | 1.3yrs | no data | 0.0031% $ 754.1k | |
| Senior VP and Head of Markets & Investor Relations | 2.3yrs | no data | no data | |
| Senior EVP & Chief Legal Officer | 6.7yrs | no data | 0.0034% $ 837.4k | |
| Chief Communications Officer | less than a year | no data | no data | |
| Senior VP and Chief Marketing & Communications Officer | 3.7yrs | no data | no data |
2.3yrs
Average Tenure
58yo
Average Age
Experienced Management: MTB's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.3yrs | US$9.39m | 0.064% $ 15.8m | |
| Independent Director | 2yrs | US$235.01k | 0.064% $ 15.6m | |
| Independent Director | 25.3yrs | US$283.13k | 0.048% $ 11.8m | |
| Vice Chairman of the Board & Lead Independent Director | 30.3yrs | US$270.08k | 0.012% $ 3.0m | |
| Independent Director | 23.3yrs | US$234.07k | 0.0076% $ 1.9m | |
| Non-Executive Vice Chairman & Lead Independent Director | 14.9yrs | US$254.07k | 0.011% $ 2.6m | |
| Independent Director | 28.3yrs | US$245.01k | 0.0092% $ 2.3m | |
| Independent Director | 15yrs | US$225.01k | 0.012% $ 2.9m | |
| Independent Director | 8.4yrs | US$265.01k | 0.046% $ 11.2m | |
| Independent Director | 3.4yrs | US$250.01k | 0.0010% $ 244.9k | |
| Independent Director | 3.4yrs | US$222.01k | 0.00047% $ 115.1k | |
| Independent Director | 6.7yrs | US$250.01k | 0.0023% $ 558.3k |
11.7yrs
Average Tenure
69yo
Average Age
Experienced Board: MTB's board of directors are seasoned and experienced ( 11.7 years average tenure).