Is This Regional Bank a Buy After Missing Analyst Expectations? [The Motley Fool]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/m
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Source: The Motley Fool
M&T Bank(NYSE:MTBLet's dig deeper into what caused M&T's revenue and earnings misses, the state of its balance sheet, and whether the current valuation is reason for investors to consider buying or staying on the sidelines.Image Source: Getty Images.What caused the miss?Drilling down further into M&T Bank's top-line miss, the company experienced a .6% year-over-year decline in its net interest income from $96 million in Q 00 to $96 million in Q 0. The company attributed a decline in its net interest margin from .% in the year-ago period to .77% in the second quarter to "lower interest rates earned on loans and higher amounts of low-yielding balances as the Federal Reserve Bank of New York."Net interest marginThe precipitous drop in M&T Bank's net margin was mostly offset by higher consumer balances due to the second and third stimulus payments that were sent to eligible Americans the past seven months, which helped M&T Bank's average earning assets increase 0.9% year over year from $.
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MTB
News
- FRONT ROW HUNTSVILLE ENTERS NEXT PHASE WITH GROUNDBREAKING CEREMONY [Yahoo! Finance]Yahoo! Finance
- M&T Bank Corporation Announces Series H Preferred Stock Quarterly DividendPR Newswire
- M&T Bank Co. (NYSE: MTB) had its "neutral" rating re-affirmed by analysts at DA Davidson. They now have a $159.00 price target on the stock.MarketBeat
- M&T Bank Co. (NYSE: MTB) had its price target raised by analysts at JPMorgan Chase & Co. from $170.00 to $180.00. They now have a "neutral" rating on the stock.MarketBeat
- M&T Bank Co. (NYSE: MTB) had its price target raised by analysts at Keefe, Bruyette & Woods from $162.00 to $170.00. They now have a "market perform" rating on the stock.MarketBeat
MTB
Earnings
- 4/15/24 - Miss
MTB
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/18/24 - Form 144
- MTB's page on the SEC website