M&t Bank Corp (N:MTB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One M&T Plaza BUFFALO NY 14203 |
| Tel: | 1-716-8425138 |
| Website: | https://www.mtb.com |
| IR: | See website |
| Key People | ||
| Rene F. Jones Chairman of the Board, Chief Executive Officer | Doris P. Meister Senior Executive Vice President, Head of Wealth Management | Kevin J. Pearson Vice Chairman, Co-Head of Businesses |
| Daryl N. Bible Chief Financial Officer, Senior Executive Vice President | Tracy S. Woodrow Senior Executive Vice President, Chief Administrative Officer | Michael J. Todaro Senior Executive Vice President, Chief Risk Officer |
| Robert J. Bojdak Senior Executive Vice President, Chief Credit Officer | Peter G. D'Arcy Senior Executive Vice President, Head of Commercial Banking | Christopher E. Kay Senior Executive Vice President, Head of Enterprise Platforms | Darren J. King Senior Executive Vice President, Co-Head of Businesses |
| Business Overview |
| M&T Bank Corporation is a financial holding company. The Company has two wholly owned bank subsidiaries: M&T Bank and Wilmington Trust, N.A. Its subsidiaries offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a range of services to consumers and small businesses through its branch network and several other delivery channels, such as telephone banking, Internet banking and automated teller machines. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services for corporations and institutions, investment bankers and others. |
| Financial Overview |
| For the three months ended 31 March 2024, M&t Bank Corp interest income increased 18% to $2.75B. Net interest income after loan loss provision decreased 13% to $1.48B. Net income applicable to common stockholders decreased 25% to $505M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 13% to 3.52%, Net Interest Spread, Total -% decrease of 25% to 2.48%. |
| Employees: | 21,736 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $41,053M as of Mar 31, 2024 |
| Annual revenue (TTM): | $10,642M as of Mar 31, 2024 |
| EBITDA (TTM): | $4,195M as of Mar 31, 2024 |
| Net annual income (TTM): | $2,465M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $14,550M as of Mar 31, 2024 |
| Shares outstanding: | 166,724,000 as of Mar 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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