- M&T Bank’s operating EPS for Q1 was $3.38, slightly below the estimated $3.39.
- Net interest income on a fully taxable equivalent basis was $1.71 billion, falling short of the $1.72 billion estimate.
- Net interest income reached $1.70 billion, slightly missing the estimate of $1.72 billion.
- Net interest margin was at 3.66%, surpassing the expected 3.64%.
- Non-interest income amounted to $611 million, below the estimate of $629.4 million.
- Provision for credit losses stood at $130 million, better than the estimated $140.7 million.
- Net charge-offs were $114 million, significantly lower than the $140.4 million estimate.
- Return on average common equity was 8.36%, slightly below the estimated 8.52%.
- Tier 1 capital ratio achieved 11.5%, just shy of the 11.6% estimate.
- The efficiency ratio was reported at 60.5%.
- Deposits at the end of the period were $165.41 billion, higher than the estimated $161.86 billion.
- Loans and leases at the end of the period totaled $134.57 billion, slightly under the estimate of $135.29 billion.
- Cash and due from banks was $2.11 billion, exceeding the estimate of $1.9 billion.
- M&T Bank’s performance reflects consistency and strength with improved credit results and healthy capital and liquidity levels.
- Analyst ratings include 12 buys, 9 holds, and 1 sell.
M & T Bank Corp on Smartkarma
Analyst coverage on M & T Bank Corp on Smartkarma by Baptista Research indicates a bullish sentiment towards the company’s prospects. In a recent analysis titled “M&T Bank: Geographical Market Expansion Could Help Tilt The Competitive Dynamics In Its Favor? – Major Drivers“, Baptista Research highlighted the multifaceted perspective of M&T Bank Corp.’s latest financial performance. The report delves into both positive and negative aspects of the company’s results, ultimately showcasing a steady performance showcased by M&T Bank over the fourth quarter and the full year 2024.
A look at M & T Bank Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In analyzing the long-term outlook for M&T Bank Corp using Smartkarma Smart Scores, we see a promising picture. The company scores well in several key factors. It excels in value and dividend, indicating solid financial health and returns for investors. Additionally, M&T Bank Corp shows resilience, suggesting a strong ability to withstand economic challenges. While growth and momentum scores slightly lower, the overall outlook remains positive.
### Summary: M&T Bank Corporation, a bank holding company, offers a range of commercial banking, trust, and investment services through its banking subsidiaries. With branch offices across several states including New York and Maryland, the company serves customers in various regions. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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