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MTB

M&T Bank NYSE:MTB Stock Report

Last Price

US$165.70

Market Cap

US$30.6b

7D

0.7%

1Y

2.2%

Updated

18 May, 2022

Data

Company Financials +
MTB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends5/6

MTB Stock Overview

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services.

M&T Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for M&T Bank
Historical stock prices
Current Share PriceUS$165.70
52 Week HighUS$186.95
52 Week LowUS$128.46
Beta0.87
1 Month Change4.11%
3 Month Change-9.29%
1 Year Change2.16%
3 Year Change0.036%
5 Year Change3.30%
Change since IPO2,424.95%

Recent News & Updates

Shareholder Returns

MTBUS BanksUS Market
7D0.7%1.5%2.7%
1Y2.2%-16.6%-8.1%

Return vs Industry: MTB exceeded the US Banks industry which returned -16.6% over the past year.

Return vs Market: MTB exceeded the US Market which returned -8.1% over the past year.

Price Volatility

Is MTB's price volatile compared to industry and market?
MTB volatility
MTB Average Weekly Movement5.8%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: MTB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MTB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185617,457Ren Joneshttps://www3.mtb.com

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers.

M&T Bank Fundamentals Summary

How do M&T Bank's earnings and revenue compare to its market cap?
MTB fundamental statistics
Market CapUS$30.63b
Earnings (TTM)US$1.69b
Revenue (TTM)US$5.99b

17.6x

P/E Ratio

1.8x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTB income statement (TTM)
RevenueUS$5.99b
Cost of RevenueUS$0
Gross ProfitUS$5.99b
Other ExpensesUS$4.30b
EarningsUS$1.69b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)9.41
Gross Margin100.00%
Net Profit Margin28.19%
Debt/Equity Ratio21.3%

How did MTB perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is M&T Bank undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MTB ($165.7) is trading below our estimate of fair value ($466.5)

Significantly Below Fair Value: MTB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MTB is poor value based on its PE Ratio (17.6x) compared to the US Banks industry average (9.7x).

PE vs Market: MTB is poor value based on its PE Ratio (17.6x) compared to the US market (16x).


Price to Earnings Growth Ratio

PEG Ratio: MTB is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: MTB is overvalued based on its PB Ratio (1.8x) compared to the US Banks industry average (1.1x).


Future Growth

How is M&T Bank forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTB's forecast earnings growth (13.2% per year) is above the savings rate (1.9%).

Earnings vs Market: MTB's earnings (13.2% per year) are forecast to grow faster than the US market (12.4% per year).

High Growth Earnings: MTB's earnings are forecast to grow, but not significantly.

Revenue vs Market: MTB's revenue (7.6% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: MTB's revenue (7.6% per year) is forecast to grow slower than 20% 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%).


Past Performance

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

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MTB has high quality earnings.

Growing Profit Margin: MTB's current net profit margins (28.2%) are higher than last year (26.9%).


Past Earnings Growth Analysis

Earnings Trend: MTB's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: MTB's earnings growth over the past year (15.9%) exceeds its 5-year average (3.6% per year).

Earnings vs Industry: MTB earnings growth over the past year (15.9%) underperformed the Banks industry 20.9%.


Return on Equity

High ROE: MTB's Return on Equity (9.9%) is considered low.


Financial Health

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

Financial Health Score

4/6

Financial Health Score 4/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MTB's Assets to Equity ratio (8.4x) is low.

Allowance for Bad Loans: MTB has a low allowance for bad loans (69%).

Low Risk Liabilities: 96% of MTB's liabilities are made up of primarily low risk sources of funding.

Loan Level: MTB has an appropriate level of Loans to Assets ratio (60%).

Low Risk Deposits: MTB's Loans to Deposits ratio (71%) is appropriate.

Level of Bad Loans: MTB has a high level of bad loans (2.3%).


Dividend

What is M&T Bank current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.90%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MTB's dividend (2.9%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: MTB's dividend (2.9%) is low compared to the top 25% of dividend payers in the US market (3.97%).


Stability and Growth of Payments

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

Earnings Coverage: With its reasonably low payout ratio (35.1%), 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 (31.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Ren Jones (56 yo)

4.42yrs

Tenure

US$6,868,174

Compensation

Mr. Rene F. Jones, also known as Ren, serves as Director at Federal Reserve Bank of New York since December 2021. He serves as Chairman of the Board, President and Chief Executive Officer of Wilmington Tru...


CEO Compensation Analysis

Compensation vs Market: Ren's total compensation ($USD6.87M) is below average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Ren's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MTB's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: MTB's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39.5%.


Top Shareholders

Company Information

M&T Bank Corporation's 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
  • Implied Market Cap: US$30.634b
  • Shares outstanding: 179.42m
  • Website: https://www3.mtb.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.