M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.
Company profile
Ticker
MTB, MTB-PH
Exchange
Website
CEO
Rene Jones
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
FIRST EMPIRE STATE CORP
SEC CIK
Corporate docs
IRS number
160968385
MTB stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
7 Mar 23
DEFA14A
Additional proxy soliciting materials
7 Mar 23
DEF 14A
Definitive proxy
7 Mar 23
ARS
2022 FY
Annual report to shareholders
7 Mar 23
10-K
2022 FY
Annual report
22 Feb 23
8-K
Other Events
27 Jan 23
424B2
Prospectus for primary offering
25 Jan 23
FWP
Free writing prospectus
24 Jan 23
424B5
Prospectus supplement for primary offering
24 Jan 23
8-K
M&T Bank Corporation Announces Fourth Quarter and Full-year Results
19 Jan 23
Transcripts
MTB
Earnings call transcript
2022 Q4
19 Jan 23
MTB
Earnings call transcript
2022 Q3
19 Oct 22
MTB
Earnings call transcript
2022 Q2
20 Jul 22
MTB
Earnings call transcript
2022 Q1
20 Apr 22
MTB
Earnings call transcript
2021 Q4
20 Jan 22
MTB
Earnings call transcript
2021 Q3
20 Oct 21
MTB
Earnings call transcript
2021 Q2
21 Jul 21
MTB
Earnings call transcript
2021 Q1
19 Apr 21
MTB
Earnings call transcript
2020 Q4
21 Jan 21
MTB
Earnings call transcript
2020 Q3
22 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.52 bn | 1.52 bn | 1.52 bn | 1.52 bn | 1.52 bn | 1.52 bn |
| Cash burn (monthly) | 245.19 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 736.02 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 784.22 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 3.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
85.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 864 |
| Opened positions | 118 |
| Closed positions | 145 |
| Increased positions | 252 |
| Reduced positions | 321 |
| 13F shares | Current |
|---|---|
| Total value | 20.36 tn |
| Total shares | 143.05 mm |
| Total puts | 520.34 k |
| Total calls | 638.34 k |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 20.34 mm | $2.95 tn |
| BLK Blackrock | 13.00 mm | $1.89 tn |
| Wellington Management | 11.21 mm | $1.63 tn |
| STT State Street | 7.93 mm | $1.15 tn |
| FMR | 7.91 mm | $1.15 tn |
| JPM JPMorgan Chase & Co. | 5.52 mm | $800.50 bn |
| State Farm Mutual Automobile Insurance | 4.23 mm | $612.74 bn |
| IVZ Invesco | 3.86 mm | $559.25 bn |
| Charles Schwab Investment Management | 3.71 mm | $538.58 bn |
| Geode Capital Management | 3.49 mm | $506.29 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 23 | Sadler Robert E JR | Common Stock | Gift | Dispose G | Yes | No | 0 | 162 | 0.00 | 32,831 |
| 21 Feb 23 | Ledgett Richard H. Jr. | Common Stock | Buy | Acquire P | Yes | No | 156.4 | 390.025 | 61.00 k | 390.025 |
| 10 Feb 23 | Bojdak Robert J | Common Stock | Payment of exercise | Dispose F | No | No | 159.02 | 429 | 68.22 k | 18,955 |
| 10 Feb 23 | Bojdak Robert J | Common Stock | Grant | Acquire A | No | No | 0 | 1,114 | 0.00 | 19,384 |
| 10 Feb 23 | Richard S Gold | Common Stock | Payment of exercise | Dispose F | No | No | 159.02 | 1,793 | 285.12 k | 59,122.944 |
| 10 Feb 23 | Richard S Gold | Common Stock | Grant | Acquire A | No | No | 0 | 3,555 | 0.00 | 60,915.944 |
News
US Stocks Mixed: Banks Rally While Tech Falls On Less Dovish Fed, Analyst Warns 'No News Would Be Good News'
27 Mar 23
Benzinga's Top Ratings Upgrades, Downgrades For March 27, 2023
27 Mar 23
Citigroup Upgrades M&T Bank to Buy, Lowers Price Target to $155
27 Mar 23
Stocks That Hit 52-Week Lows On Friday
24 Mar 23
RBC Capital Maintains Outperform on M&T Bank, Lowers Price Target to $183
24 Mar 23
Press releases
M&T Increases Prime Rate
22 Mar 23
M&T Bank Corporation Announces First Quarter 2023 Earnings Release and Conference Call
20 Mar 23
M&T Bank Announces Harlem Small Business Innovation Lab in Partnership with Carver Federal Savings Bank
28 Feb 23
M&T Bank Corporation to Participate in the RBC Capital Markets Global Financial Institutions Conference
23 Feb 23
M&T Bank Corporation Announces Increased Common Stock Dividend
22 Feb 23