- Provision for Credit Losses: M&T Bank’s provision for credit losses in Q3 was $120 million, lower than the estimated $146.1 million.
- Operating Earnings Per Share: The operating EPS was $4.08, exceeding the estimate of $3.64.
- Net Interest Income: On a fully taxable equivalent basis, net interest income reached $1.74 billion, just above the expected $1.73 billion.
- Net Interest Margin: The net interest margin stood at 3.62%, slightly higher than the projected 3.59%.
- Non-Interest Income: Non-interest income totaled $606 million, surpassing the estimate of $595.9 million.
- Return on Average Common Equity: The return on average common equity was 10.3%, better than the estimated 9.41%.
- Tier 1 Ratio: The Tier 1 capital ratio was in line with expectations at 11.5%.
- Efficiency Ratio: The efficiency ratio was 55%, slightly better than the estimated 55.6%.
- Net Charge-Offs: Net charge-offs were $120 million, lower than the expected $136.4 million.
- Deposits: End-period deposits amounted to $164.55 billion, surpassing the projected $160.36 billion.
- Loans and Leases: Loans and leases at the end of the period were $135.92 billion, modestly higher than the expected $135.23 billion.
- Cash and Due from Banks: Cash and due from banks were $2.22 billion, exceeding the estimate of $1.93 billion.
- Investor Sentiment: The stock has received 12 buy ratings, 7 holds, and 1 sell recommendation.
A look at M & T Bank Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores, M & T Bank Corp shows a promising long-term outlook. With strong scores in Value and Dividend at 4, investors can expect good returns and dividends over time. Although Growth and Resilience are slightly lower at 3, they still indicate a stable performance. The standout score of 5 in Momentum signals a positive trend and indicates that the company is currently performing well.
M & T Bank Corporation is a bank holding company that offers a range of commercial banking, trust, and investment services through its subsidiaries. With branch offices in several states along the East Coast, including New York, Maryland, and Pennsylvania, the company has a strong regional presence. Overall, the company’s Smartkarma Smart Scores point towards a solid overall outlook, highlighting its value, dividend potential, and current momentum.
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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