M&T Bank profit slumps on lower interest income, bigger rainy-day funds [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
Check Earnings Report
US:NYSE Investor Relations:
finance.yahoo.com/quote/m
Company Research
Source: Yahoo! Finance
in the commercial real estate (CRE) industry prompted it to set aside more rainy-day funds. Regional lenders have had to pay higher interest rates on deposits to prevent customers from fleeing to higher-yielding alternatives, such as money market funds. Buffalo, New York-based M&T Bank's net interest income - the difference between what a bank earns on loans and pays on deposits - fell 8% to $1.68 billion in the first quarter from a year earlier. Net income available to common shareholders fell to $505 million, or $3.02 per share, for the three months ended March 31, from $676 million, or $4.01 per share, a year earlier. M&T, which has a substantial exposure to CRE loans compared to its regional banking peers, set aside $200 million as provisions for credit losses, compared with $120 million a year earlier. Changing patterns of remote work have affected demand for commercial properties, while reduced property prices and elevated interest rates have raised the prospect of loa
Show less
Read more
Impact Snapshot
Event Time:
MTB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTB alerts
High impacting M&T Bank Corporation news events
Weekly update
A roundup of the hottest topics
MTB
News
- Wilmington Trust's Sharon Klein Named to Three Forbes 2024 Award Lists [Yahoo! Finance]Yahoo! Finance
- American Student Assistance Survey of Employers on Youth Work-Based Learning Reveals Benefits and ROI of Internships, Apprenticeships and Barriers in Managing Effective Programs That Prepare Young People for Future Success [Yahoo! Finance]Yahoo! Finance
- inTEST Extends Maturity Date of Borrowing Agreement to 2031 [Yahoo! Finance]Yahoo! Finance
- M&T Bank Co. (NYSE: MTB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The Boys and Girls Club of Frederick County 2024 Battle of the Bands is a Smashing Success [Yahoo! Finance]Yahoo! Finance
MTB
Earnings
- 4/15/24 - Miss
MTB
Sec Filings
- 5/10/24 - Form 144
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- MTB's page on the SEC website