M&T Bank US - MTB STOCK NEWS

M&T Bank Corporation (NYSE: MTB) has declared a quarterly cash dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. This dividend is payable on March 15, 2023, to shareholders recorded at the close of business on March 1, 2023. M&T Bank operates across 12 states in the northeastern U.S., including services from Maine to Virginia.

M&T Bank Corporation (NYSE: MTB) announced the election of Carlton J. Charles to its Board of Directors on January 18, 2023. Mr. Charles, Senior Vice President of Treasury and Risk Management at Hearst, also joins the Nomination and Governance Committee. His extensive experience includes overseeing Hearst’s risk management and launching the Hearst Risk Summit. Charles has previously worked at Moody’s Corporation and holds degrees from the University of Chicago and Stony Brook University. M&T’s Chairman, René F. Jones, highlighted Charles' financial expertise and commitment to diversity as valuable assets for the bank's leadership.

M&T Bank Corporation (MTB) will announce its fourth quarter and full-year 2022 earnings results on January 19, 2023, before the market opens. Following the release, a conference call and webcast will take place at 11:00 a.m. ET to discuss the results, which may include forward-looking statements. Investors can participate by dialing 800-225-9448 for domestic calls or 203-518-9708 for international calls. A replay will be available until January 26, 2023.

On December 19, 2022, M&T Bank Corporation announced that its subsidiary, Wilmington Trust, has entered into an agreement with Madison Dearborn Partners to sell its Collective Investment Trust (CIT) business. This move is expected to create an independent company focused on enhanced services and offerings while maintaining a strong growth trajectory, managing approximately $115 billion in assets. The transaction is set to close by mid-2023, subject to regulatory approvals. Wilmington Trust's CIT business is noted for consistent revenue growth and strong client relationships in the retirement market.

M&T Bank will increase its prime lending rate from 7.00% to 7.50% effective December 15, 2022. This change reflects the bank's adjustments to current market conditions and interest rate trends.

Operating primarily in the eastern U.S., M&T Bank provides a comprehensive range of banking products and services in 12 states and Washington, D.C., enhancing its position in the financial sector.

M&T Bank Corporation (NYSE: MTB) announced leadership changes on Dec. 14, 2022. Daryl Bible will join as Chief Financial Officer in Q2 2023, bringing extensive experience from Truist Financial. Current CFO Darren King will expand his responsibilities, overseeing retail and business banking, while Chris Kay will become the Head of Enterprise Platforms, enhancing digital banking capabilities. These changes aim to strengthen M&T's leadership and operational effectiveness as the bank evolves in a competitive market.

M&T Bank Corporation (NYSE: MTB) will participate in the Goldman Sachs US Financial Services Conference on December 7, 2022. The presentation is scheduled for 3:40 p.m. (ET) in New York City. A webcast link will be available at their investor relations page. The webcast may include material and forward-looking information along with cautionary statements.

Headquartered in Buffalo, New York, M&T offers banking products across 12 states from Maine to Virginia and Washington, D.C., with trust services provided by its Wilmington Trust affiliates.

M&T Bank is allocating over $1.2 million to support 42 initiatives in Pennsylvania's Neighborhood Assistance Program (NAP), aimed at improving distressed communities. This funding is part of a larger $36 million approved by Governor Tom Wolf for similar community efforts. The bank's contributions will focus on areas such as affordable housing, job training, and food access. Notable allocations include $395,000 for projects in Philadelphia and central regions. M&T has increased its NAP funding annually, contributing $836,000 to 35 projects in fiscal 2022.

M&T Bank Corporation (NYSE: MTB) has announced a quarterly cash dividend of $1.20 per share on its common stock. Shareholders of record as of December 1, 2022 will receive the dividend, which is payable on December 30, 2022. This decision reflects M&T's ongoing commitment to delivering value to its shareholders.