Bank continues to lead small-business lending throughout its footprint BUFFALO, N.Y., Oct. 16, 2024 /PRNewswire/ -- M&T Bank (NYSE:MTB) approved 1,832 7(a) program U.S. Small Business Administration (SBA) loans in the past year and finished the SBA's 2024 fiscal year as the 10thlargest lender in the country. This marked the 16th consecutive year M&T Bank has ranked among the nation's top 10 SBA lenders. M&T Bank approved 1,832 SBA 7(a) loans for a total of $207.8 million in fiscal year 2024, which ended Sep ...

Analysts on Wall Street project that M&T Bank Corporation (MTB) will announce quarterly earnings of $3.60 per share in its forthcoming report, representing a decline of 11.1% year over year. Revenues are projected to reach $2.3 billion, declining 1.4% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during thi ...

M&T Bank Corporation (MTB) is slated to report third-quarter 2024 results on Oct. 17, before the opening bell. The company is expected to have registered year-over-year declines in quarterly revenues and earnings. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, M&T Bank's results benefited from a rise in loans and leases and higher deposits. A decline in net interest income (NII), non-interest income and higher expenses were headwinds. Quarterly earnin ...

Wall Street expects a year-over-year decline in earnings on lower revenues when M&T Bank Corporation (MTB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 17, 2024, might help the stock move higher if these key numbers are bett ...

Initiative designed to advance financial inclusion and prosperity throughout New England, Long Island and New York's Westchester County BUFFALO, N.Y., Oct. 3, 2024 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), today launched the third phase of its Amplify Fund. The Amplify Fund provides support to non-profit initiatives in legacy People's United Bank communities benefitting low- and moderateincome communities and underrepresented populations. This new request ...

M&T Bank Corporation (MTB) shares have gained 22.5% in the past six months, outperforming the industry's growth of 6.5%. The stock has also outperformed its close peers like Bank of America Corporation (BAC) and Comerica Incorporated (CMA) in the same time frame. Six-Month Price Performance Image Source: Zacks Investment Research After a strong rally, investors are now faced with a critical question: Is it the right time to buy MTB stock, or should they wait for a more favorable entry point? Let's explore t ...

Core Points - M&T Bank Corporation will decrease its prime lending rate from 8.50% to 8.00% effective September 19, 2024 [1] - M&T Bank is a financial holding company headquartered in Buffalo, New York, providing banking products and services across 12 states in the northeastern U.S. [1] Company Overview - M&T Bank's principal banking subsidiary is Manufacturers and Traders Trust Company [1] - The bank operates from Maine to Virginia and Washington, D.C. [1] - Trust-related services are offered in select markets in the U.S. and internationally through Wilmington Trust-affiliated companies [1]

BUFFALO, N.Y., Sept. 5, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) plans to announce its third quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, October 17, 2024. Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. The conference call and webcast may contain forward-looking statements and other material information. Domestic callers wishing to participate in the cal ...

BUFFALO, N.Y., Aug. 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. About M&T M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. ...

Core Insights - M&T Bank has appointed Lopa Kolluri as Head of Affordable Housing Lending, emphasizing its commitment to affordable housing and community support [1][2] - Kolluri will oversee the development and management of the Affordable Housing vertical, aiming to enhance customer service and expand business opportunities [1][2] - The bank recognizes the growing need for affordable housing and aims to provide comprehensive financing solutions to meet client needs [2][3] Company Overview - M&T Bank Corporation is headquartered in Buffalo, New York, and operates in 12 states across the northeastern U.S. [5] - The bank's principal subsidiary, M&T Bank, offers a range of banking products and services, including trust-related services in select markets [5] Leadership Background - Lopa Kolluri brings over 25 years of experience in affordable housing and community development, previously serving as Senior Vice President in M&T's Commercial Real Estate Innovation Office [2][3] - Before joining M&T, Kolluri led the Federal Housing Administration at the U.S. Department of Housing and Urban Development, overseeing $1.2 trillion in insured mortgages [3]