M&T Bank US Stock Price, News & Analysis

M&T Bank has been named the sixth largest Small Business Administration (SBA) lender in the U.S., maintaining a 14-year streak in the top 10. In the SBA's 2022 fiscal year, the bank issued 1,440 7(a) loans totaling $203.8 million. M&T led in several markets, including Baltimore and Buffalo, providing significant support to local small businesses. The bank's ongoing commitment to local entrepreneurs is evident through initiatives like the Multicultural Small Business Innovation Lab in Connecticut and various community-focused programs.

M&T Bank (NYSE: MTB) will raise its prime lending rate from 5.50% to 6.25%, effective September 22, 2022. This adjustment reflects ongoing economic conditions and aims to enhance the bank's financial performance. M&T Bank, headquartered in Buffalo, NY, operates across 12 states and provides various banking products and services, alongside trust-related services via Wilmington Trust-affiliated companies.

M&T Bank Corporation (MTB) announced plans to release its third quarter 2022 earnings results on October 19, 2022, before the market opens. Following the release, a conference call will be held at 11:00 a.m. (ET) to discuss the results. Domestic callers can join via a toll-free number, while international participants can use a designated line. A replay of the call will be available until October 26, 2022. The bank operates in 12 states, providing diverse banking services.

M&T Bank Corporation (NYSE: MTB) will participate in the Barclays Global Financial Services Conference on September 14, 2022, at 9:45 a.m. ET in New York City. Representatives will present to investors and analysts during the event held at the New York Hilton Midtown hotel. A live audio-webcast of the presentation will be available, along with presentation materials, at the company's investor relations website. M&T Bank, headquartered in Buffalo, New York, provides banking services across the eastern U.S. and offers trust-related services both domestically and internationally.

M&T Bank Corporation (NYSE:MTB) has declared a quarterly cash dividend of $1.20 per share on its common stock. This dividend is scheduled for payment on September 30, 2022, to shareholders who are on record as of the close of business on September 1, 2022. M&T, headquartered in Buffalo, New York, operates banking services across the northeastern U.S. from Maine to Virginia and offers trust-related services globally.

M&T Bank has partnered with Buffalo Bills star Stefon Diggs to enhance community engagement through their "Football Brings Us Together" campaign. Announced on August 16, 2022, this collaboration aims to connect with fans and support local initiatives in Western New York. Diggs will serve as the campaign's ambassador, introducing community events and custom debit cards. M&T has a long-standing relationship with the Bills, emphasizing community impact through programs like Touchdown for Teachers. The partnership reflects mutual values of community support and authentic connections.

M&T Bank has donated a closed branch in York, Pennsylvania, to the Spanish American Civic Association (SACA) to establish a workforce development center named Tec Centro York. This center aims to provide educational and job skills training to underserved communities, particularly York's Hispanic and Latino residents. Scheduled to open in Q2 2023, Tec Centro York will offer programs in high-demand fields like healthcare and construction, enhancing local employment opportunities. M&T recently consolidated its branches, ensuring continued banking services nearby.

M& T Bank has appointed Ishet Dhar as its new Chief Digital Officer, emphasizing the bank's commitment to enhancing digital services. Dhar brings over 20 years of experience, previously serving as senior vice president at Bank of America. His responsibilities include leading the integration and transformation of M&T’s digital platforms to ensure a seamless customer experience. The move aims to drive technology innovation and improve customer accessibility to banking services, enhancing M&T's competitive edge in the financial sector.

M&T Bank has launched its innovative Spotlight Shop at Captain's Cove Seaport in Bridgeport, Connecticut, aimed at supporting local small businesses. This 240-square-foot modular retail space allows businesses to showcase their products in rotating two-week segments. Featured businesses include Leisha's Bakeria and El Coquito, both M&T customers. The Spotlight Shop also has a virtual component, reflecting a successful adaptation from the pandemic. M&T has a strong commitment to small businesses, ranking among the top SBA lenders in Connecticut.