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M and t Bank Corporation  (MTB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

M and t Bank Corporation

MTB's Financial Statements and Analysis



M and t Bank Corporation reported in the third quarter of 2023 net earnings per share of $3.98 an increase by 12.75 % year on year from $3.53 and decline of -21.19 % from $5.05 earned in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 3.98 $  2,185 Mill
$+0.45     +12.75 % $+58M     +2.74 %



M And T Bank's Revenue rose by 2.74 % in third quarter of 2023 (Sep 30 2023) year on year, to $2,185 million and declined by -10.9 % sequentially.


M And T Bank is

More on MTB's Income Statement



M And T Bank's net income of $663.763 million in the third quarter of 2023 increased by 6.96 % from net earnings of $620.549 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -21.03 % from net income of $840.520 million realized in previous quarter.

More on MTB's Growth




M And T Bank Inventories
In Sep 30 2023 company's net cash and cash equivalents decreased by $-80 million, capital expenditures fell by -39.06871.07%, to $-67 millions compare to same quarter a year ago

More on MTB's Cash flow Statement


M and t Bank Corporation payed out dividend of $5.15 per share in last 52 weeks representing 31.40 % of net earning per share in trailing twelve-month period.

During the same period M and t Bank Corporation earned $ 24.36 cash per share, on a free-cash flow basis 148.56 % of net earning per share.

Book value grew by 1.38 % sequentially to $157.27 per share, 82.34% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 93.41 per share from $ 91.08.

Company issued 0.25 million shares or 0.15 % in Sep 30 2023.
Interest Coverage Ratio was 2.71. Debt Coverage Ratio was 0.5.

More on MTB's Dividends

 Market Capitalization (Millions) 23,475
 Shares Outstanding (Millions) 167
 Total Debt (Millions $) 13,854
 Revenue (TTM) (Millions $) 9,342
 Net Income (TTM) (Millions $) 2,919
 Cash Flow (TTM) (Millions $) -487
 Capital Exp. (TTM) (Millions $) -256
 Dividend TTM ($) 5.15 $
 Dividend Yield TTM (%) 3.68 %
 Employees (TTM) $ 17,569




M and t Bank Corporation payed out dividend of $5.15 per share in the last 52 weeks representing 31.40 % of net earning per share in trailing twelve-month period.

During the same period M and t Bank Corporation had $ 24.36 cash flow per share, on a free-cash flow basis 148.56 % of net earning per share.

Book value grew by 1.38 % sequentially to $157.27 per share, 82.34% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 93.41 per share from $ 91.08.

Company issued 0.25 million shares or 0.15 % in Sep 30 2023.
Interest Coverage Ratio was 2.71. Debt Coverage Ratio was 0.5.

More on MTB's Balance Sheets

 Market Capitalization (Millions) 23,475
 Shares Outstanding (Millions) 167
 Total Debt (Millions $) 13,854
 Revenue (TTM) (Millions $) 9,342
 Net Income (TTM) (Millions $) 2,919
 Cash Flow (TTM) (Millions $) -487
 Capital Exp. (TTM) (Millions $) -256
 Dividend TTM ($) 5.15 $
 Dividend Yield TTM (%) 3.68 %
 Employees (TTM) $ 17,569
   


  News about M and t Bank Corporation Earnings

Revised headline: M&T Bank Corporation Sees Modest Revenue Increase in Q3 2023

Bearish Outlook for MandT Bank Corporation as Revenue and Income Decline
During the July to September 2023 financial period, MandT Bank Corporation (MTB) experienced a moderate revenue advance of only 2.736%, reaching $2.18 billion. This growth is far from impressive, especially considering that the company's revenue had already deteriorated by -10.901% from the preceding period, falling from $2.45 billion. Furthermore, not only did income per share grow by a mere 12.75% to $3.98 year on year, but it also experienced a significant decline of -21.19% from $5.05 per share previously.
While MTB can celebrate an increase in net income to $663.763 million in the July to September 2023 financial period, r...

Surging Ahead: M And T Bank Corporation Smashes Expectations with Remarkable Q2 Financial Results


Introduction
In a recent financial report, M And T Bank Corporation revealed its second quarter earnings for 2023, showcasing remarkable growth in various key performance indicators. Bolstered by a surge in Revenue and a significant increase in earnings per share, the company positions itself as a lucrative investment opportunity. Furthermore, the bank demonstrated an improvement in profit margins, setting a positive tone for its future performance.
Q2 2023 Financial Results
M And T Bank Corporation displayed a significant leap in its earnings per share during the second quarter of 2023, soaring by an astounding 367.59% to $5.05 per share compared to the same period in the previous year. Thi...

M&T Bank Corporation Reports Impressive 59.254% Top-line Growth in Q1 2023, but Investors Should Exercise Caution

Investors considering M And T Bank Corporation should be wary of the company's recent financial results. Despite a surge in revenue and profits in the financial span closing March 31 2023, the company's return on equity (ROE) fell below the company's average. M And T Bank Corporation's ROE of 8.76% was lower than the company's average of 9.25%, indicating that the company's profitability is slipping.
Additionally, M And T Bank Corporation's ROE is lagging behind its peers within the Regional Banks industry, with 55 other companies having a higher return on equity. This should raise concerns for investors considering a position in th...


Date modified: 2023-11-07T13:15:06+00:00





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