Equities Analysts Set Expectations for M&T Bank Q4 Earnings

M&T Bank Co. (NYSE:MTB) – Equities research analysts at Zacks Research increased their Q4 2024 earnings estimates for M&T Bank in a research note issued on Wednesday, January 8th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.61 for the quarter, up from their previous estimate of $3.60. The consensus estimate for M&T Bank’s current full-year earnings is $14.63 per share. Zacks Research also issued estimates for M&T Bank’s Q2 2025 earnings at $3.93 EPS, FY2025 earnings at $16.35 EPS, Q1 2026 earnings at $4.54 EPS, Q2 2026 earnings at $4.77 EPS, Q3 2026 earnings at $4.63 EPS, Q4 2026 earnings at $4.72 EPS and FY2026 earnings at $18.65 EPS.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.60 by $0.48. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.30 billion. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%.

Several other research analysts have also recently issued reports on the stock. StockNews.com upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on shares of M&T Bank from $205.00 to $221.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company raised their target price on shares of M&T Bank from $190.00 to $205.00 and gave the stock an “underweight” rating in a report on Friday, November 15th. Bank of America raised their target price on shares of M&T Bank from $188.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wedbush raised their target price on shares of M&T Bank from $208.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $216.86.

M&T Bank Trading Down 1.7 %

MTB stock opened at $187.82 on Friday. The company has a market capitalization of $31.16 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.79. M&T Bank has a one year low of $128.31 and a one year high of $225.70. The company’s 50 day moving average price is $203.16 and its two-hundred day moving average price is $181.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 0.99.

Institutional Investors Weigh In On M&T Bank

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of M&T Bank during the 3rd quarter valued at about $44,000. Principal Financial Group Inc. increased its position in shares of M&T Bank by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 199,111 shares of the financial services provider’s stock valued at $35,466,000 after purchasing an additional 2,797 shares during the last quarter. Smead Capital Management Inc. increased its position in shares of M&T Bank by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 493,817 shares of the financial services provider’s stock valued at $87,959,000 after purchasing an additional 16,657 shares during the last quarter. National Pension Service increased its position in shares of M&T Bank by 5.2% during the 3rd quarter. National Pension Service now owns 268,138 shares of the financial services provider’s stock valued at $47,761,000 after purchasing an additional 13,302 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of M&T Bank by 6.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 50,275 shares of the financial services provider’s stock valued at $8,955,000 after purchasing an additional 2,883 shares during the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Insider Activity

In other M&T Bank news, Director John P. Barnes sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $193.97, for a total value of $3,879,400.00. Following the completion of the transaction, the director now owns 49,960 shares of the company’s stock, valued at approximately $9,690,741.20. The trade was a 28.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total value of $537,566.10. Following the completion of the transaction, the insider now directly owns 16,429 shares of the company’s stock, valued at approximately $3,546,856.81. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,994 shares of company stock worth $17,211,278. Corporate insiders own 0.82% of the company’s stock.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend was Monday, December 2nd. M&T Bank’s dividend payout ratio (DPR) is presently 39.97%.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.