Organic Growth Supports M&T Bank (MTB) Despite Rising Costs [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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finance.yahoo.com/quote/m
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Source: Yahoo! Finance
However, mounting expenses are expected to continue hurting M&T Bank's bottom-line growth. The company's revenues witnessed a compound annual growth rate (CAGR) of 10.2% over the last five years (2018-2023). Also, MTB operates as a solid and sustainable regional bank franchise, with a footprint spanning six Mid-Atlantic States and Washington, D.C., which is a positive. A decent lending scenario and high interest rates will likely support net interest income growth in the upcoming quarters despite rising funding costs. It has been focused on acquiring the industry's best deposit franchise. Deposits recorded a five-year (2018-2023) CAGR of 12.6%. The company has also recorded solid loan growth in the past few years, witnessing a five-year CAGR of 8.6% (ended 2023). Its deposits are well-diversified in terms of clients and offerings. M&T Bank is well-positioned to grow via acquisitions. In April 2022, it bought People's United for $8.3 billion, marking one of the major acquisitions
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MTB
News
- M&T Bank Co. (NYSE: MTB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing [Yahoo! Finance]Yahoo! Finance
- M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium [Yahoo! Finance]Yahoo! Finance
- M&T Bank Corporation to Participate in the RBC Capital Markets US Banks Fixed Income Investor SymposiumPR Newswire
- M&T Bank First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
MTB
Earnings
- 4/15/24 - Miss
MTB
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 144
- 4/24/24 - Form 4
- MTB's page on the SEC website