M&T Bank (MTB) increases quarterly cash dividend 4% to $1.35/share from $1.30/share

Earnings Date	Jul 18, 2024
Forward Dividend & Yield	5.40 (3.58%)
Ex-Dividend Date	Jun 03, 2024

Insider Trading : Tue 6/6/23

Notable purchases -- CEO adds to PLNT; notable sales -- 10% owner active in JOE

Buyers:

• DISH Director bought 300,000 shares at ~$5.92 - $6.09 worth ~$1.8 mln.
• GCO Director bought 17,500 shares at $17.85 worth ~$312K.
• MTB CFO bought 10,000 shares at $120.22 - $121.54 worth ~$1.2 mln.
• PLNT Chief Executive Officer bought 10,000 shares at $64.60 - $65.28 worth ~$650K.

Sellers:

• JOE 10% owner Fairholme Fund (Bruce Berkowitz) sold 203,900 shares at $46.01 - $46.66 worth ~$9.5 mln.

=M&T Bank (MTB) reported earnings on Thur 17 Jan 2019 (b/o)

M&T Bank beats by $0.30

• Reports Q4 (Dec) earnings of $3.79 per share, $0.30 better than the S&P Capital IQ Consensus of $3.49.
• Q4 Net interest margin: 3.92% vs 3.56%
• Loans classified as nonaccrual totaled $894 million or 1.01% of total loans outstanding at December 31, 2018, compared with $883 million or 1.00% a year earlier and $871 million or 1.00% at September 30, 2018.

Earnings this week : Jan 14 - 18, 19 (wk 3)

Corporate profits will take center stage when fourth quarter earnings season kicks off this week.

The SEC allows companies a larger window to file their annual reports relative to quarterly updates. As a result, we will see preannouncements throughout January and fourth quarter earnings season will drag on into March.

This week, the big banks will dominant the corporate earnings newsflow.

Monday (Jan 14)    

• Morning: C SJR

Tuesday (Jan 15)

• Morning: DAL FRC INFO JPM SNV UNH WFC
• Afternoon: FULT PNFP UAL

Wednesday (Jan 16)

• Morning: BAC BLK BK CMA GS PNC SCHW USB WAFD
• Afternoon: AA CSX EGBN FUL HWC KMI PLXS

Thursday (Jan 17)

• Morning: BBT CBSH FAST HOMB IIIN KEY MS MTB MTG PPG SASR SBNY TSM WNS
• Afternoon: AXP JBHT NFLX OZK PBCT PRGS TEAM

Friday (Jan 18)

• Morning: CFG FHN KSU RF SLB STI STT VFC

-=M&T Bank (MTB) reported earnings on Wed 18 July 18 (b/o)

M&T Bank beats by $0.10 

• Reports Q2 (Jun) earnings of $3.26 per share, $0.10 better thanthe Capital IQ Consensus of $3.16.
• Provision for Credit Losses/Asset Quality. The provision for credit losses was $35 million in the second quarter of 2018, compared with $52 million in the year-earlier quarter and $43 million in 2018's first quarter. Net charge-offs of loans were $35 million during the recent quarter, compared with $45 million in the second quarter of 2017 and $41 million in the first quarter of 2018. Expressed as an annualized percentage of average loans outstanding, net charge-offs were .16% and .20% in the second quarters of 2018 and 2017, respectively, and .19% in the first quarter of 2018.

Earnings this week : July 16 - 20, 18 (wk 29)

Earnings expected this week

Monday (July 16)

• Morning: BAC, BLK, JBHT
• Afternoon: NFLX

Tuesday (July 17)

• Morning: UNH, JNJ, GS, PGR, OMC, SCHW, CMA, PLD, FHN, NSM, NEOG
• Afternoon: UAL, CSX, FNF, IBKR, WTFC, HWC, MLNX, PNFP, FULT, MRTN, HOPE, RNST, ADTN, LTXB

Wednesday (July 18)

• Morning: ERIC, NVS, MS, ABT, USB, TXT, GWW, ASML, NTRS, MTB, OACW, MTG, WAFD
• Afternoon: IBM, AXP, AA, KMI, CCK, EBAY, URI, CP, CCI, UFPI, PLXS, PTC, UMPQ, LHO, TCBI, SLG, BXS, RECN, CATY, NDLS, BMI, CNS, CVBF, EGBN, TBK, DWCH

Thursday (July 19)

• Morning: ABB, ADS, BBT, BX, BK, GTLS, DHR, DPZ, DOV, EWBC, FITB, GATX, GPC, HOMB, IIIN, KEY, NUE, PM, POOL, PPG, RCI, RPM, SASR, SAP, SCHL, SBNY, SNA, SON, TSM, TTS, TRV, UNP, WBC, WBS, WNS
• Afternoon: MSFT, COF, CE, CTAS, SKX, SWKS, ISRG, ETFC, SEIC, PBCT, ASB, NWE, WAL, MBFI, FFBC, BDN, FFIN, EXPO, EGP, LLNW

Friday (July 20)

• Morning: GE, HON, SLB, MAN, BHGE, SWK, STT, STI, CFG, RF, KSU, CLF, GNTX, IBKC, SXT, VFC

M&T Bank (MTB) reported 4Q earnings on Tue 19 Jan 2016 (before open)

** charts before earnings **

** charts after earnings **

M&T Bank beats by $0.12 :

• Reports Q4 (Dec) earnings of $2.09 per share, excluding non-recurring items, $0.12 better than the Capital IQ Consensus of $1.97. 
• The provision for credit losses was $58 million during the fourth quarter of 2015, compared with $33 million in the year-earlier quarter and $44 million in the third quarter of 2015.
• "M&T posted strong financial performance in the fourth quarter, reflecting our recent merger, growth in revenues, controlled expenses and continued solid credit quality, resulting in a 7% increase in diluted net operating earnings per common share from the year-earlier quarter... While financial results for the fourth quarter reflect only two months of the operations associated with Hudson City, the acquisition has already had a positive impact on M&T's operating results and capital position, contributing to a 13% rise in tangible book value per share from the 2014 year end."