- Provision for credit losses: $150 million (Estimate: $163.7 million)
- Operating EPS: $3.79 (Estimate: $3.50)
- Deposits at end-period: $159.91 billion (Estimate: $165.07 billion)
- Loans and leases at end-period: $135.00 billion (Estimate: $135.4 billion)
- Cash and due from banks: $1.78 billion (Estimate: $1.94 billion)
- Net interest income: $1.72 billion (Estimate: $1.7 billion)
- Net interest margin: 3.59% (Estimate: 3.54%)
- Tier 1 ratio: 11.4% (Estimate: 11.3%)
- Return on average common equity: 9.95% (Estimate: 9.27%)
- Net charge-offs: $137 million (Estimate: $137.8 million)
- Non-interest income: $584 million (Estimate: $580.1 million)
- Efficiency ratio: 55.3% (Estimate: 56.6%)
“Building on a strong start to the year, the second quarter results reflect a 24% increase in diluted earnings per common share from the first quarter.”
Analyst ratings: 10 buys, 12 holds, 0 sells
A look at M & T Bank Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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 positive long-term outlook across various key factors. With strong scores in Value, Dividend, Growth, and Momentum, the company demonstrates solid fundamentals and potential for future growth. Although Resilience scored slightly lower, the overall outlook for M & T Bank Corp appears promising.
M & T Bank Corp, a bank holding company offering a range of banking, trust, and investment services through its subsidiaries, operates across several states including New York, Maryland, and Pennsylvania. The company’s high scores in key areas indicate a favorable position for investors seeking a reliable and potentially rewarding long-term investment.
Summary: M & T Bank Corporation, a bank holding company, offers commercial banking, trust, and investment services through its branch offices in various states. Its positive Smartkarma Smart Scores suggest a promising long-term outlook for potential investors.
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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