M&T Bank US Stock Price, News & Analysis

M&T Bank has been recognized as a "Standout" commercial bank for its support of small businesses during the COVID-19 pandemic, according to the latest Greenwich Crisis Response Index. The bank was one of only seven nationwide to achieve this status. M&T provided over $7 billion in funding through the Paycheck Protection Program and was fifth in the nation for SBA lending, issuing 1,110 SBA 7(a) loans worth $157 million. The recognition highlights M&T's commitment to fostering long-term relationships and enhancing digital capabilities to support small business clients.

M&T Bank Corporation (NYSE: MTB) will participate in the BancAnalysts Association of Boston Conference virtually on November 6, 2020, at 9:40 a.m. (ET). Investors and analysts can tune in to the live audio-webcast via the internet, which will also include forward-looking statements. A replay will be available after the event. M&T Bank, headquartered in Buffalo, New York, operates in multiple states and offers trust-related services through its subsidiaries.

M&T Bank Corporation (MTB) reported Q3 2020 results, with diluted earnings per share at $2.75, down 21% from $3.47 in Q3 2019. Net income was $372 million, a 22% decrease year-over-year. The net interest income declined to $947 million, reflecting an 83 basis point drop in net interest margin to 2.95%. The provision for credit losses increased to $150 million due to COVID-19 impact. Total assets rose to $138.6 billion, supported by a significant rise in loans and deposits. M&T maintains a strong capital position with a Common Equity Tier 1 ratio of approximately 9.81%.

M&T Bank has been recognized as the fifth largest SBA lender nationwide for fiscal year 2020, having issued 1,110 loans totaling $157 million. This achievement highlights M&T's dedication to supporting small businesses, particularly during challenging times. Beyond its SBA efforts, the bank facilitated over $7 billion in funding through the Paycheck Protection Program (PPP) for more than 35,000 small businesses. M&T continued to rank as a top lender in several key regions, including Baltimore and Buffalo, contributing significantly to local economies.

M&T Bank announced that Michele Trolli, Executive Vice President and Chief Technology and Operations Officer, has been recognized by American Banker as one of the "25 Most Powerful Women to Watch" for the second consecutive year. This accolade honors her impactful contributions to the banking sector, where she leads a significant portion of M&T's technology and operations, overseeing over 25% of the bank's workforce. Trolli's efforts include driving innovation, fostering diversity, and enhancing remote work capabilities during the pandemic.

M&T Bank Corporation (MTB) will announce its Q3 2020 earnings results on October 22, 2020, before the market opens. A conference call will follow at 11:00 a.m. ET. Participants can join via toll-free number (877) 780-2276 or international number (973) 582-2700, referencing conference ID #1169149. A replay will be available until October 29, 2020. The conference call will also be accessible through M&T's website. The earnings announcement will contain forward-looking statements and significant information.

M&T Bank Corporation (NYSE:MTB) will participate in the Barclays Global Financial Services Conference virtually on September 16, 2020, at 7:30 a.m. (ET). A live audio-webcast will be available online, and a replay will follow the event. M&T, headquartered in Buffalo, New York, offers banking services across several states, including New York, Maryland, and Virginia. The company also provides trust-related services through its Wilmington Trust-affiliated companies.

M&T Bank Corporation (NYSE: MTB) has declared a quarterly cash dividend of $1.10 per share on its common stock. This dividend will be payable on September 30, 2020, to shareholders of record at the close of business on September 1, 2020.

The declaration reflects M&T's commitment to returning value to its shareholders, maintaining a consistent dividend policy amidst economic conditions.

M&T Bank Corporation (NYSE: MTB) appointed Francesco Lagutaine as Senior Vice President and Chief Marketing and Communications Officer, effective August 17, 2020. Lagutaine has over 20 years of experience in global marketing and financial services, having previously held roles at Manulife and Citibank Asia Pacific. His expertise includes customer-focused marketing strategies and digital marketing. The appointment aims to enhance M&T's customer insights and support the bank's growth ambitions, emphasizing its commitment to better serve its customers.