Earnings forecasts are moving up for this bank, with 14 analysts increasing their estimates in the past 30 days. The shares have a current annual dividend yield of 2.6%, paid quarterly.
M&T Bank Corporation (MTB)
From IQ Trends
M&T Bank Corporation (MTB) is a bank holding company headquartered in Buffalo, NY, that offers retail and commercial banking, trust and wealth management, and investment services through two operating subsidiaries, M&T Bank and Wilmington Trust, National Association, to clients primarily located in the Mid-Atlantic and Northeast.
The company’s Business Banking segment offers deposits, business loans and leases, and credit cards, and cash management, payroll, and letters of credit services to small businesses and professionals. Its Commercial Banking segment provides credit and banking services for middle-market and large commercial customers.
MTB’s Commercial Real Estate segment offers multifamily residential and commercial real estate credit, and deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services.
MTB’s Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; demand, savings; and time accounts; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; investment management; and insurance agency services.
As of Q4 2019 MTB had 750 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands.
Kelley Wright, IQ Trends, https://iqtrends.com/, info@iqtrends.com, 866.927.5250, First-February 2020