Forbes  Dec 10  Comment 
The 85th annual battle between Army and Navy will take place this Saturday at M&T Bank Stadium in Baltimore, where ticket prices on the secondary market have dropped to their lowest point in the last five years. With prices reaching a five year...
Forbes  Nov 24  Comment 
Investors in M & T Bank Corp (NYSE: MTB) saw new options become available today, for the July 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until...
Motley Fool  Oct 28  Comment 
Despite recent headwinds, this Buffett favorite is still one of banking’s best performers
TheStreet.com  Oct 17  Comment 
NEW YORK (TheStreet) -- Shares of M&T Bank Corp. are lower by 1.39% to $114.54 at the start of trading on Friday after the company reported a decline in net income for the 2014 third quarter to $275.3 million, or $1.91 per diluted share,...
Wall Street Journal  Oct 17  Comment 
M&T Bank, whose proposed acquisition of Paramus, N.J.-based bank Hudson City Bancorp has been delayed for more than two years, said earnings in its September quarter fell 6%.
newratings.com  Oct 17  Comment 
New York Times  Oct 4  Comment 
Camden Yards and M&T Bank Stadium, home to the Orioles and Ravens and only about 500 yards apart, are separated right now by a considerable ethical and moral distance.
SeekingAlpha  Sep 8  Comment 
By Wall Street Hippie: Warrant Terms M&T Bank Corporation (NYSE:MTB) has one outstanding issue of warrants that represent the right to purchase 1.22 million shares of common stock, which is about 0.93% of shares outstanding. Below is a...
SeekingAlpha  Sep 2  Comment 
By Ashleigh Rogers: Uncertainty is part of the daily life of a US bank investor these days, but nowhere is that more true than at M&T Bank (NYSE:MTB). The east-coast company has a major presence in New York and Maryland as well as other eastern...


M&T Bank Corporation (NYSE: MTB) is a bank with principal offices located in Buffalo, New York and branches across New York, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, Washington D.C. and the Cayman Islands. M&T offers a variety of financial services (i.e. loans, leases, checking services, deposits) to consumers, businesses, institutional clients, government organizations and financial firms. M&T makes most of its money from its lending operations, which are focused mainly on consumers and small and medium sized businesses within New York, PA, MD, VA, and Washington D.C. Its operations are divided into the segments Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.

Business Growth

For the fiscal year 2010, M&T earned net income of $736 million, a 94% increase from the previous year. This increase was driven primarily by a higher net interest income and lower credit costs. The bank earned $2.3 billion in net interest income, a 10% increase from 2009.[1]

Trends and Forces

Exposure to lending/credit risks

As loaning is a large part of the bank's operations, it has high exposure to credit risk, and relies on accurately predicting how well its customers will repay their loans. The corporation must maintain proactive credit risk management and constantly weigh ongoing economic factors--should they overestimate its customers' ability to repay loans, the bank's overall performance will suffer.

Exposure to market conditions

Changes in interest rates inversely affect a bank's net interest margin — the difference between the yield the bank earns on assets and the interest rate it pays for deposits and other sources of funding. Interest rate fluctuations, such as in the Federal Funds Rate (the rate at which financial institutions lend federal funds to other depository institutions) and Prime Rate (rate at which banks lend to their highest-credited consumers) affect bank products such as loans, deposits, securities, and short-term lending. As interest rates rise, banks are forced to pay higher rates on deposits and other interest bearing accounts. Meanwhile consumer demand for mortgages and other loan products diminishes as borrowing becomes more expensive. The combination of these two effects reduces both the volume of loans and the profitability of each loan. Rising interest rates also have the potential to increase a bank's defaults as holders of adjustable rate mortgages find themselves unable to meet their obligations.


2008 Financial Comparison M&T Bank (MTB) U.S. Bancorp (USB)[2] Sovereign Bancorp (SOV) Regions Financial Corporation (RF)[3] BB&T (BBT)[4] Bank of America (BAC)[5] Wells Fargo (WFC)[6]
Net Interest Income $Mil 1,939.8 7,866.00 11,112.00 6,562.40 7,207.00 85,684.0 34,898.00
Provision for Loan Losses $Mil 412.00 3,096.00 5,101.00 2,057.00 1,445.00 26,825.00 15,979.00
Net Income $Mil 555.90 2,946.00 (46.00) (5,595.80) 1,519.00 4,008.00 2,655.00
Q4 2008 Net Income $Mil 102.20 330.00 (1,421.60) (6,218.30) 305.00 (1,789.00) (2,734.00)
TARP Funding $Bil 6.6 3.6 3.5 3.1 45.0 25.0
Price to Book 0.89 1.08 0.15 0.14 0.52 0.14 1.02
Price to Book Compared to Industry Average (0.75) +0.14 +0.33 -0.60 -0.61 -0.23 -0.61 +0.27


  1. [MTB 2010 10-K Pg. 38]
  2. Reuters, USB
  3. Reuters, RF
  4. Reuters, BBT
  5. Reuters, BAC
  6. Reuters, WFC, "Financial Statements"
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