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M&T Bank (MTB)

Company Profile

Company profile

Ticker

MTB, MTB-PJ, MTB-PH

Exchange

Website

CEO

Mr. Rene F. Jones CPA

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Ally Financial • Fifth Third Bancorp • Citizens Financial • Northern Trust • The Bank of New York Mellon Corporation • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • Commerce Bancshares ...

Former names

FIRST EMPIRE STATE CORP

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Manufacturers and Traders Trust Company ...

IRS number

160968385

MTB stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$230.50

Low target

$221.00

High target

$250.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

M&T Bank Corporation Announces Common Stock Repurchase Program

Results of Operations and Financial Condition

Prospectus for primary offering

Prospectus for primary offering

Free writing prospectus

Free writing prospectus

Regulation FD Disclosure

Prospectus supplement for primary offering

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Tracy S. Woodrow

Michael A. Wisler

KEVIN J PEARSON

Laura P. O'Hara

CHRISTOPHER E KAY

Financial summary

Financial statements Chart MTB financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
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)	1.91 bn	1.91 bn	1.91 bn	1.91 bn	1.91 bn	1.91 bn
Cash burn (monthly)	102.33 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	212.04 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.70 bn	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	16.6	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from M&T Bank earnings reports.

Institutional ownership, Q4 2024

MTB institutional ownership history Ownership history

87.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1001	921	+8.7%
Opened positions	169	109	+55.0%
Closed positions	89	88	+1.1%
Increased positions	345	322	+7.1%
Reduced positions	335	324	+3.4%

13F shares	Current	Prev Q	Change
Total value	26.43 tn	24.75 tn	+6.8%
Total shares	143.57 mm	143.10 mm	+0.3%
Total puts	519.80 k	532.60 k	-2.4%
Total calls	430.23 k	775.70 k	-44.5%
Total put/call ratio	1.2	0.7	+76.0%

Largest owners	Shares	Value	Change
Vanguard	19.50 mm	$3.67 tn	+0.2%
FMR	14.11 mm	$2.65 tn	+14.3%
BlackRock	13.15 mm	$2.47 tn	+3.5%
STT State Street	9.03 mm	$1.70 tn	+2.9%
Wellington Management	7.43 mm	$1.40 tn	-25.6%
JPM JPMorgan Chase & Co.	6.07 mm	$1.14 tn	-6.1%
MS Morgan Stanley	5.44 mm	$1.02 tn	-2.8%
Charles Schwab Investment Management	5.29 mm	$994.52 bn	+5.0%
Geode Capital Management	4.37 mm	$819.77 bn	+0.9%
State Farm Mutual Automobile Insurance	4.12 mm	$775.09 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	7.43 mm	-2.56 mm	-25.6%
FMR	14.11 mm	+1.76 mm	+14.3%
Norges Bank	1.69 mm	+1.69 mm	NEW
UBS UBS	1.16 mm	+773.95 k	+198.3%
IVZ Invesco	3.08 mm	-724.42 k	-19.0%
Canoe Financial	322.00	-587.98 k	-99.9%
LSV Asset Management	447.75 k	-466.17 k	-51.0%
BlackRock	13.15 mm	+444.02 k	+3.5%
BAC Bank of America	808.85 k	-429.34 k	-34.7%
JPM JPMorgan Chase & Co.	6.07 mm	-396.98 k	-6.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MTB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Feb 25	Peter D'Arcy	Common Stock	Payment of exercise	Dispose F	No	No	198.82	473	94.04 k	11,780
14 Feb 25	Peter D'Arcy	Common Stock	Grant	Acquire A	No	No	0	1,311	0.00	12,253
14 Feb 25	Jones Rene F	Common Stock	Payment of exercise	Dispose F	No	No	198.82	6,829	1.36 mm	89,150.79
14 Feb 25	Jones Rene F	Common Stock	Grant	Acquire A	No	No	0	13,354	0.00	95,979.79
14 Feb 25	Christopher E Kay	Common Stock	Payment of exercise	Dispose F	No	No	198.82	1,441	286.50 k	12,489
14 Feb 25	Christopher E Kay	Common Stock	Grant	Acquire A	No	No	0	3,275	0.00	13,930
14 Feb 25	Laura P. O'Hara	Common Stock	Payment of exercise	Dispose F	No	No	198.82	410	81.52 k	7,320
14 Feb 25	Laura P. O'Hara	Common Stock	Grant	Acquire A	No	No	0	1,134	0.00	7,730
14 Feb 25	Kevin J Pearson	Common Stock	Payment of exercise	Dispose F	No	No	198.82	2,976	591.69 k	47,349
14 Feb 25	Kevin J Pearson	Common Stock	Grant	Acquire A	No	No	0	6,047	0.00	50,325

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Breaking Down M&T Bank: 13 Analysts Share Their Views

DA Davidson Maintains Neutral on M&T Bank, Raises Price Target to $223

DA Davidson analyst Peter Winter maintains M&T Bank (NYSE:MTB) with a Neutral and raises the price target from $222 to $223.

Truist Securities Reiterates Buy on M&T Bank, Raises Price Target to $236

Truist Securities analyst Brian Foran reiterates M&T Bank (NYSE:MTB) with a Buy and raises the price target from $233 to $236.

Stocks Pause, Chipmakers Rise, Gold Hits 2-Month Highs: What's Driving Markets Thursday?

M&T's CET1 Capital Ratio Rose For The Seventh Straight Quarter To 11.67% As Of December 31, 2024, Up 13 Basis Points From September

Press releases

From Benzinga Pro

M&T Bank Recognized for Its Commitment to Serving Small-Business and Middle-Market Customers

Latest Crisil Coalition Greenwich study highlights bank's strong relationships with small and mid-size employers BUFFALO, N.Y., Feb. 26, 2025 /PRNewswire/ -- M&T Bank (NYSE:MTB) has been recognized by Crisil

M&T Bank Corporation Announces First Quarter Common Stock Dividend

BUFFALO, N.Y., Feb. 19, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be

Wilmington Trust Names Dave DiLuigi Head of U.S. Markets

Also Named to Wilmington's Senior Leadership Team WILMINGTON, Del., Feb. 13, 2025 /PRNewswire/ -- Wilmington Trust announced today that Dave DiLuigi has been named the new Head of U.S. Markets for the firm's

M&T Bank Corporation to Participate in the RBC Financial Institutions Conference

M&T Bank Appoints Neeraj Singh as New Chief Risk Officer

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