M&T Bank US Stock Price, News & Analysis

M&T Bank (NYSE:MTB) Chairman and CEO René Jones has released his annual shareholder letter, highlighting the bank's strong financial performance in 2024 and its continued outperformance compared to peer banks. The letter emphasizes M&T's commitment to fundamental banking principles: managing liquidity, prudent capital allocation, and operational transparency.

Jones addresses the evolution of the banking industry, particularly noting how bank stress tests have contributed to the growth of private credit firms, potentially creating unintended systemic risks. He recommends that the Federal Reserve develop new tools to provide liquidity to markets beyond its current scope.

The letter concludes by acknowledging the bank's workforce, emphasizing their role in making M&T an attractive institution for both potential employees and customers, while highlighting the bank's continued investment in strategic initiatives for future growth.

M&T Bank (NYSE:MTB) has received multiple prestigious 2025 Coalition Greenwich Awards for excellence in small business and middle market banking services. The bank secured 13 distinct awards, including recognition for customer satisfaction, relationship management, and trust across both segments.

In the small business banking category, M&T earned nine awards, notably for customer service, long-term relationship value, and cash management capabilities. For middle market banking, the bank received four awards, highlighting its strength in relationship management and trust, particularly in the Northeast region.

Since 2011, M&T has accumulated an impressive total of 179 Coalition Greenwich Awards, demonstrating its consistent commitment to serving small-business and middle-market customers. The recognition comes from Crisil Coalition Greenwich, a leading financial services industry benchmarking provider.

M&T Bank (NYSE:MTB) has announced a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be distributed on March 31, 2025, to shareholders who are recorded as owners at the close of business on March 3, 2025.

Wilmington Trust, a division of M&T Bank Corp. (MTB), has appointed Dave DiLuigi as the new Head of U.S. Markets for its Wealth division, effective February 17. DiLuigi, who will join the Senior Leadership Team, will help set strategic direction for the firm's wealth business, focusing on comprehensive wealth management for high- and ultra-high-net-worth clients.

Previously serving as regional president for Greater Washington/Central Virginia and Greater Baltimore regions, DiLuigi succeeds Lisa Roberts, who became Head of Wealth last year. With over 30 years at M&T Bank since 1992, DiLuigi has led commercial banking operations, managed retail branches, and directed retirement plan sales.

In his new role, DiLuigi will work to align Wealth Management with M&T's overall business goals, focusing on team growth, client service enhancement, and national expansion.

M&T Bank (NYSE:MTB) has announced its participation in the upcoming RBC Financial Institutions Conference in New York City. Company representatives will deliver a presentation to investors and analysts on March 5, 2025, at 1:20 p.m. (ET).

The presentation will be accessible via webcast through M&T's investor relations website at https://ir.mtb.com/events-presentations. The company has indicated that the webcast may contain material information for interested parties.

M&T Bank (NYSE:MTB) has announced the appointment of Neeraj Singh as its new Chief Risk Officer (CRO), effective January 31, 2025. Singh will succeed current CRO Mike Todaro, who plans to retire in Q1 2025. Singh joins from USAA, where he served as Chief Risk Officer and executive council member, bringing over 20 years of risk management and financial services experience.

Singh will oversee M&T Bank's risk management strategies and join the Executive Leadership Team, reporting to CEO René Jones and Risk Committee Chairman Bob Sadler. His previous experience includes leadership roles at Citigroup, TD Bank, and Barclays. He holds an undergraduate degree from Birla Institute of Technology and an MBA from the University of Maryland.

The outgoing CRO, Mike Todaro, has served nearly 30 years at M&T Bank, holding the CRO position since 2021. During his tenure, he enhanced the bank's risk management capabilities and led various divisions including Mortgage and Consumer Lending.

M&T Bank (NYSE:MTB) has announced a new $4.0 billion share repurchase program for its common stock, effective January 22, 2025. This program replaces the previous $3.0 billion authorization from July 2022. The repurchases can be executed through open market or private transactions, with timing, volume, and terms at M&T's discretion, subject to regulatory limitations.

Chief Financial Officer Daryl Bible emphasized that this decision reflects the company's commitment to responsible capital management while maintaining support for customers, communities, and business investments. The company's strong earnings and solid capital position enable both operational goals and shareholder returns.

M&T Bank (NYSE:MTB) reported Q4 2024 net income of $681 million, or $3.86 diluted earnings per share, and full-year net income of $2.59 billion, or $14.64 per share. The bank's Common Equity Tier 1 (CET1) capital ratio strengthened to 11.67%, marking the seventh consecutive quarterly increase.

Key Q4 highlights include a net interest margin of 3.58%, down from 3.62% in Q3 2024, and loan growth in commercial, industrial, and consumer segments, offset by reduced commercial real estate loans. The bank repurchased common stock worth $200 million in Q4. Nonaccrual loans improved to 1.25% of total loans, down from 1.42% in Q3 2024.

The provision for credit losses was $140 million in Q4 2024, with net charge-offs at 0.47% of average loans. For the full year 2024, the provision totaled $610 million compared to $645 million in 2023.

M&T Bank (NYSE:MTB) has declared quarterly cash dividends for two series of its perpetual preferred stock. Series H Preferred Stock shareholders will receive $0.3515625 per share, while Series J Preferred Stock holders will get $187.50 per share (equivalent to $0.46875 per depositary share). Both dividends will be payable on March 17, 2025, to shareholders of record as of March 3, 2025.