- M&T Bank’s provision for credit losses in the 4th quarter was $225 million, which was more than the estimated $158 million.
- The bank’s operating EPS was $2.81, missing the estimated $3.54.
- Deposits at the end of the period were $163.27 billion, slightly lower than the estimated $163.96 billion.
- Loans and leases at the end of the period were $134.07 billion, surpassing the estimated $132.61 billion.
- The bank’s cash and due from banks was $1.73 billion, exceeding the estimated $1.53 billion.
- Net interest income was exactly as estimated at $1.72 billion.
- Net interest margin was 3.61%, very close to the estimated 3.62%.
- The bank’s Tier 1 ratio was 11%, slightly below the estimated 11.1%.
- Return on average common equity was 7.41%, less than the estimated 9.27%.
- The net charge-offs were $148 million, more than the estimated $116.7 million.
- Efficiency ratio was 62.1%, significantly higher than the estimated 55.9%.
- The bank has received 13 buys and 12 holds from analysts, with no sells.
M & T Bank Corp on Smartkarma
According to analysts on Smartkarma, M&T Bank Corp has been performing well, with revenues increasing by 4% in the previous quarter. Baptista Research, one of the top independent analysts on the investment research network, notes that the bank’s net charge-offs have decreased and GAAP net income has increased by 7%. This is a positive sign for investors, especially during these uncertain times.
In another report, Baptista Research highlights M&T Bank’s consistent rise in service fees and other revenues. The bank’s net income for the previous quarter was $867 million, a 24% increase compared to the previous quarter. However, there was a slight drop in trust income from $194 million to $172 million. Despite this, analysts remain bullish on M&T Bank’s potential for creating shareholder value, citing its strong performance during economic uncertainty.
A look at M & T Bank Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
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
M&T Bank Corporation, a bank holding company, has received a positive outlook for its long-term future according to the Smartkarma Smart Scores. These scores, which range from 1 to 5, indicate the overall performance of the company in different areas. For M&T Bank Corp, it has received a top score of 5 for its value, indicating its strong financial standing. It has also scored a 4 for both dividend and growth, highlighting its ability to provide returns to shareholders and its potential for future growth. While it scored a 3 for resilience, it still received a solid score of 4 for momentum, suggesting positive momentum for the company’s future performance.
M&T Bank Corp’s strong performance in the Smartkarma Smart Scores can be attributed to its diverse range of services, including commercial banking, trust, and investment services. With branch offices spread across several states and the District of Columbia, the company has a wide reach and a strong presence in the market. This, coupled with its high scores in value, dividend, and growth, indicates a promising outlook for the company’s long-term future. Investors and customers can have confidence in M&T Bank Corp’s stability and potential for growth going forward.
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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