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M&T Bank (MTB) announces a quarterly dividend hike of 4%. Given its strong liquidity position, the bank's capital distribution activities seem sustainable in the long run.
BUFFALO, N.Y., May 22, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Morgan Stanley US Financials, Payments & CRE Conference being held in New York City.
BUFFALO, N.Y. , May 21, 2024 /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.
M&T Bank (MTB) is integrating a continuous credit monitoring solution by nCino to strengthen its capabilities in order to manage credit risk better.
A decline in revenues and higher expenses hurt M&T Bank's (MTB) Q1 earnings. However, a solid loan and deposit balance offer some support.
M&T Bank (MTB) shares rose in intraday trading Monday as the regional bank reduced its lending to the struggling commercial real estate market.
The headline numbers for M&T Bank (MTB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
M&T Bank Corporation (MTB) came out with quarterly earnings of $3.09 per share, missing the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $4.09 per share a year ago.
Despite a rise in loans, increasing funding costs are likely to have hurt M&T Bank's (MTB) Q1 NII growth. Also, softer mortgage income is expected to have affected its non-interest income.
Get a deeper insight into the potential performance of M&T Bank (MTB) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.