Equities Analysts Issue Forecasts for M&T Bank Q4 Earnings

M&T Bank Co. (NYSE:MTB) – Analysts at Zacks Research raised their Q4 2024 earnings estimates for M&T Bank in a research report issued on Wednesday, January 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $3.61 for the quarter, up from their prior forecast 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 announced its earnings results on Thursday, October 17th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.60 by $0.48. M&T Bank had a net margin of 17.82% and a return on equity of 9.52%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.30 billion.

A number of other equities research analysts also recently weighed in on MTB. Wells Fargo & Company lifted their price target on shares of M&T Bank from $190.00 to $205.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Citigroup downgraded shares of M&T Bank from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $220.00 to $230.00 in a research note on Monday, November 25th. Truist Financial initiated coverage on shares of M&T Bank in a research note on Tuesday, January 7th. They set a “buy” rating and a $233.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of M&T Bank from $190.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, DA Davidson boosted their target price on shares of M&T Bank from $192.00 to $207.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, M&T Bank has a consensus rating of “Hold” and an average target price of $216.86.

M&T Bank Trading Down 1.7 %

Shares of MTB stock opened at $187.82 on Friday. M&T Bank has a 1 year low of $128.31 and a 1 year high of $225.70. The firm’s fifty day simple moving average is $203.16 and its 200 day simple moving average is $182.08. The firm has a market capitalization of $31.16 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

Institutional Investors Weigh In On M&T Bank

Several large investors have recently made changes to their positions in MTB. FMR LLC boosted its holdings in shares of M&T Bank by 13.9% in the 3rd quarter. FMR LLC now owns 12,349,398 shares of the financial services provider’s stock valued at $2,199,675,000 after buying an additional 1,508,846 shares during the last quarter. State Street Corp boosted its position in M&T Bank by 6.4% during the third quarter. State Street Corp now owns 8,773,439 shares of the financial services provider’s stock worth $1,562,725,000 after purchasing an additional 527,854 shares during the period. Marshall Wace LLP boosted its position in M&T Bank by 232.1% during the second quarter. Marshall Wace LLP now owns 676,745 shares of the financial services provider’s stock worth $102,432,000 after purchasing an additional 472,997 shares during the period. Zurich Insurance Group Ltd FI bought a new position in M&T Bank during the third quarter worth $44,422,000. Finally, Charles Schwab Investment Management Inc. boosted its position in M&T Bank by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,037,144 shares of the financial services provider’s stock worth $897,216,000 after purchasing an additional 190,837 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.

Insider Buying and Selling

In other M&T Bank news, EVP Tracy S. Woodrow sold 2,121 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $220.75, for a total transaction of $468,210.75. Following the completion of the transaction, the executive vice president now owns 5,141 shares of the company’s stock, valued at $1,134,875.75. This represents a 29.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total value of $537,566.10. Following 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 three months, insiders sold 84,994 shares of company stock valued at $17,211,278. 0.82% of the stock is owned by corporate insiders.

M&T Bank Announces Dividend

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

About M&T Bank

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.