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M&T Bank Corp MTB

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Stock XNYS Rating as of
$149.13 −2.60 (1.71%)
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As of Delayed Price Closed
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Company Report

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Modestly Lowering Our Fair Value Estimate for M&T Bank as We Take Up Provisions

Rajiv Bhatia

M&T Bank is a midsize regional bank with operations throughout the Northeastern United States. The bank has a valuable commercial real estate franchise, with much of the rest of its business comprising other commercial-focused (as opposed to retail-focused) operations, although the bank does have retail operations. M&T has a history of good management, good underwriting, and deep on-the-ground relationships. The bank is a solid regional operator.

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Price vs Fair Value

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MTB is trading at a 483% premium.
Price
$149.13
Fair Value
$399.00
Uncertainty
High
1-Star Price
$624.00
5-Star Price
$61.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The acquisition of People's United was done at a good price and should drive additional future growth, providing the bank a unique growth driver that many peers will not have.

Bears

Banks are tied to the economy and the interest-rate environment. If the economy falters and/or the rate environment is negative, bank earnings and shares will suffer.

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News

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Trading Information

Previous Close Price
$151.73
Day Range
$149.06–152.13
52-Week Range
$108.53–156.65
Bid/Ask
$143.79 / $154.61
Market Cap
$24.88 Bil
Volume/Avg
562,002 / 869,851

Key Statistics

Price/Earnings (Normalized)
9.29
Price/Sales
2.69
Dividend Yield (Trailing)
3.52%
Dividend Yield (Forward)
3.62%
Total Yield
3.52%

Company Profile

M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Mid Value
Total Number of Employees
21,927
Website
https://www3.mtb.com

Competitors

Valuation

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Metric
MTB
TFC
PNC
Price/Earnings (Normalized)
 9.2911.0711.71
Price/Book Value
 0.991.001.22
Price/Sales
 2.692.353.00
Price/Cash Flow
 7.156.518.52
Price/Earnings
MTB
TFC
PNC

Financial Strength

Metric
MTB
TFC
PNC
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 ———
Quick Ratio
No chart available

Profitability

Metric
MTB
TFC
PNC
Return on Assets (Normalized)
 1.25%0.96%1.05%
Return on Equity (Normalized)
 10.78%9.72%12.86%
Return on Invested Capital (Normalized)
 ———
Return on Assets
MTB
TFC
PNC
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