M&T Bank US Stock Price, News & Analysis

M&T Bank Corporation (NYSE: MTB) announced it will disclose its first quarter 2023 earnings results on April 17, 2023, prior to the market opening. Following the earnings release, a conference call is scheduled for 11:00 a.m. ET to discuss the results and may include forward-looking statements. Domestic participants can call (800) 225-9448, while international participants can reach (203) 518-9708. A replay will be available until April 24, 2023. The earnings results will also be accessible via M&T's website after the call. Investors and analysts look forward to insights on performance metrics that could influence stock performance.

M&T Bank's Chair and CEO, René Jones, shared an annual letter addressing shareholders on March 8, 2023. The letter reviews the bank's financial performance amid tough economic conditions and reflects on lessons learned from the merger with People's United Bank. Jones emphasizes the resilience of M&T's employees during crises, including a mass shooting and blizzards affecting their Buffalo headquarters. He also discusses the challenges posed by inflation, highlighting its impact on financially vulnerable customers. Jones concludes by stressing the importance of community-focused banking and the bank's commitment to rebuilding trust with its customers.

M&T Bank is launching a Harlem Multicultural Small Business Innovation Lab aimed at empowering diverse entrepreneurs. This six-week program, starting March 30, 2023, will provide resources and education to local business owners and culminate in a pitch competition with a total prize pool of $35,000. The initiative seeks to enhance the visibility and success of racially and ethnically diverse businesses in Harlem. Applications are open until March 10, 2023, and are targeted at entrepreneurs generating less than $150,000 annually. The program builds on M&T's previous successes across various communities.

M&T Bank Corporation (NYSE: MTB) will participate in the RBC Capital Markets Global Financial Institutions Conference in New York City on March 8, 2023, at 9:20 a.m. (ET). Company representatives will present to investors and analysts, providing key insights into their financial strategies and performance. A live webcast will be accessible at https://ir.mtb.com/events-presentations, which may include material and forward-looking information, along with cautionary statements. Headquartered in Buffalo, New York, M&T operates in 12 eastern U.S. states from Maine to Virginia, offering comprehensive banking services.

M&T Bank Corporation (NYSE:MTB) announced a quarterly cash dividend increase to $1.30 per share, marking an 8% rise from the previous $1.20 per share. This dividend will be payable on March 31, 2023, to shareholders on record as of March 6, 2023. The increase reflects M&T's continued confidence in its financial health and commitment to returning value to shareholders.

Servotronics, Inc. (NYSE: SVT) has appointed Brent D. Baird to its Board of Directors, effective February 16, 2023. Baird, who holds approximately 10.9% of the company's common stock, joins as part of a Cooperation Agreement and is expected to enhance shareholder value with his significant business expertise. This change follows the resignation of Lucion P. Gygax on February 14, 2023, continuing the Board's refreshment strategy. The Cooperation Agreement includes customary voting provisions lasting until June 30, 2024. The company highlights its dual focus on advanced manufacturing and consumer products.

M&T Bank Corporation (NYSE: MTB) celebrated Black History Month by ringing the opening bell at the New York Stock Exchange on February 10, 2023. CEO Rene Jones emphasized the bank's commitment to diversity, equity, and inclusion across all operations. The ceremony honored African American contributions to history and culture, reinforcing the bank's role in promoting these values. M&T Bank's employee resource groups, including the African American Resource Group with over 1,400 members, are part of its community engagement efforts aimed at professional development and inclusion. This event underscores the bank's ongoing dedication to creating an inclusive environment.

M&T Bank (NYSE:MTB) announced an increase in its prime lending rate effective February 2, 2023, raising it from 7.50% to 7.75%. This adjustment reflects the bank's response to the current economic environment. M&T Bank operates primarily in the eastern U.S., providing various banking services across twelve states from Maine to Virginia.