M&T Bank US Stock Price, News & Analysis

M&T Bank Corporation (NYSE:MTB) has announced a quarterly cash dividend of $1.20 per share, marking a 9% increase from the previous dividend of $1.10 in Q3 2021. The dividend is set to be paid on December 31, 2021 to shareholders on record as of November 30, 2021. This increase reflects the company's confidence in its financial performance and aims to provide enhanced income for shareholders.

M&T Bank Corporation (NYSE: MTB) will participate in the BancAnalysts Association of Boston Conference on November 4, 2021, at 4:20 p.m. (ET). The event will be held at the Four Seasons Hotel Boston, where company representatives will present to investors and analysts. A live audio-webcast will be available, along with presentation materials, at this link. M&T Bank operates banking offices across several states, providing various financial services.

M&T Bank Corporation (NYSE: MTB) announced a five-year $43 billion Community Growth Plan aimed at supporting low-to-moderate income families and neighborhoods, as well as communities of color. The plan includes $23 billion for housing and small business loans and $20 billion for community development initiatives. Following its acquisition of People's United Bank, M&T will enhance its support for underserved areas by providing financial education, increasing access to capital, and expanding multicultural banking services.

M&T Bank Corporation (MTB) has received regulatory approval from New York and Connecticut for its merger with People's United Bank (PBCT). The merger, which had shareholder approval as of May 25, 2021, is expected to create a diversified banking franchise, enhancing product offerings and expanding customer access. The completion of the merger is still subject to customary closing conditions, including Federal Reserve approval. The merger aims to strengthen both banks' community-focused services.

M&T Bank Corporation (MTB) reported robust third-quarter 2021 results with diluted earnings per share of $3.69, up 34% from $2.75 in Q3 2020. Net income rose to $495 million, reflecting a 33% increase year-over-year. The bank's Common Equity Tier 1 Capital Ratio improved to 11.1%. Noninterest income also grew to $569 million, driven by higher mortgage banking and trust income. However, merger-related expenses totaled $9 million. The bank experienced increased nonaccrual loans at 2.40% of total loans, raising concerns about asset quality.

M&T Bank Corporation (MTB) will release its third quarter 2021 earnings results on October 20, 2021, before the market opens. A conference call is scheduled for 11:00 a.m. ET to discuss the results, which may include forward-looking statements. Domestic callers can reach the conference by dialing (877) 876-9173, while international participants should call (785) 424-1667. A replay will be available until October 27, 2021, and the call will be webcast live on M&T's website.

M&T Bank Corporation (NYSE: MTB) will participate in the Barclays Global Financial Services Conference on September 15, 2021, at 9:00 a.m. (ET). The event will be held virtually, allowing investors and analysts to connect with M&T representatives.

A live audio-webcast of the conference will be available online, and a playback will follow the event. M&T is headquartered in Buffalo, New York, and operates banking offices across various states, including New York, Pennsylvania, and New Jersey.

M&T Bank Corporation (NYSE:MTB) has declared a $1.10 quarterly cash dividend on its common stock. The dividend is set to be paid on September 30, 2021, to shareholders of record as of the close of business on September 1, 2021. This announcement reflects the company's ongoing commitment to providing returns to its investors. M&T Bank operates throughout several states including New York, Maryland, and Pennsylvania, among others.