M&T Bank US Stock Price, News & Analysis

Clara Capital Servicing has reached a significant milestone by surpassing $300 million in SMB funding. The company has secured a $20 million credit facility from Revere Capital and established a new treasury banking relationship with M&T Bank (NYSE: MTB). Key achievements include a 5-year lease for expanded headquarters in Woodbury, NY, launch of an ISO vertical market, and major technology investments in real-time processing. Clara Capital was recognized among the top fifteen financial services firms on the 2024 Inc. 5000 list.

The company has implemented full automation of application and bank statement intake, with submissions processed into automated funding calculators within seconds. This technological advancement, combined with the new ISO channel, positions Clara Capital for accelerated growth in the SMB lending space.

M&T Bank Corporation (NYSE:MTB) has announced its participation in the upcoming Morgan Stanley US Financials Conference in New York City. The bank's representatives will deliver a presentation to investors and analysts on June 11, 2025, at 7:30 am (ET). The presentation will be accessible via webcast through M&T's investor relations website. The company notes that the webcast may contain material and forward-looking information, with appropriate cautionary statements available on the webcast link.

M&T Bank Corporation (NYSE:MTB) has announced a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be distributed on June 30, 2025, to shareholders who are on record as of June 2, 2025. This dividend declaration represents M&T's continued commitment to providing returns to its shareholders through regular cash distributions.

M&T Bank (NYSE: MTB) has announced its participation in the upcoming Barclays Americas Select Franchise Conference in London. The bank's representatives will deliver a presentation to investors and analysts on May 7, 2025, at 9:00 a.m. BST (4:00 a.m. ET).

The presentation will be accessible via webcast through M&T's investor relations website at ir.mtb.com/events-presentations. The company notes that the webcast may contain material information and forward-looking statements, with related cautionary statements available on the webcast link.

M&T Bank (NYSE: MTB) has announced its quarterly preferred stock dividend declarations. The company will distribute two different preferred stock dividends:

1. A dividend of $0.3515625 per share on Series H Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock

2. A dividend of $187.50 per share (equivalent to $0.46875 per depositary share) on Series J Perpetual 7.500% Non-Cumulative Preferred Stock

Both dividends are scheduled for payment on June 16, 2025, with a record date of June 2, 2025.

M&T Bank (NYSE:MTB) reported Q1 2025 net income of $584 million, or $3.32 diluted earnings per share. The bank's net interest margin widened to 3.66% from 3.58% in Q4 2024.

Key financial metrics include: net interest income of $1,695 million, noninterest income of $611 million, and noninterest expense of $1,415 million. The bank's efficiency ratio was 60.5%, while return on average assets stood at 1.14%.

Notable developments include: repurchase of 3,415,303 shares for $662 million, CET1 capital ratio decline to 11.50%, and improvement in nonaccrual loans to 1.14% of total loans. The allowance for credit losses increased slightly to 1.63% of loans outstanding, while net charge-offs decreased to 0.34% of average loans.

Mazzotta Rentals (MRI) has secured a $160 million credit facility with M&T Bank (NYSE:MTB) as lead arranger, comprising a $120 million revolving line of credit and a $5 million term loan facility. The facility includes a $35 million accordion feature for future growth.

The company, which serves seven northeastern states in construction, industrial, and infrastructure sectors, will use the funding to refinance existing debt and support continued growth and expansion efforts. The credit facility, arranged with a consortium of financial institutions, reflects confidence in MRI's operational performance and growth strategy.

MRI plans to leverage this financing to expand its service offerings, make fleet investments, and strengthen its market position in response to increasing customer demand in general construction and infrastructure development.

M&T Bank (NYSE: MTB) has appointed Charles Pinckney as Hudson Valley Regional President, expanding his current role as Albany Regional President. Pinckney, who joined M&T in 2008, will succeed Mark Stellwag following his planned retirement at the end of 2024.

In his expanded position, Pinckney will oversee both regions while working with the community bank leadership team across various divisions including retail, business, commercial banking, and wealth management. He brings significant experience from leadership roles in commercial real estate, middle market, healthcare, and not-for-profit sectors.

Pinckney serves on multiple boards including the Capital Region Chamber and was recognized in Albany Business Review's Power 50: New Momentum list in 2023. M&T Bank maintains a strong regional presence with 40 branches across 20 counties in Albany and the Hudson Valley, implementing a local decision-making model for community activities, grants, and lending.