M&T Bank Corporation (NYSE:MTB) commercial and retail banking services provider, is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.65 per share.
Looking ahead, the full year income are expected at $ 8.46 per share on the revenues of $ 5960.62 million.
Previous Quarter Performance
M&T Bank Corporation unfold income for the first quarter of $ 1.95 per share, from the revenue of $ 1,506.00 million. The quarterly earnings dropped 41.79 percent while revenues fell 0.24 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.47 per share from $ 1476.77 million in revenue. The bottom line results missed street analysts by $ 0.52 or 21.05 percent, at the same time, top line results outshined analysts by $ 29.23 million or 1.98 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MTB was $ 103.44, representing a 21.57 % increase from the 52 week low of $ 85.09 and a 40.55 % decrease over the 52 week high of $ 174.00.
The company has a market capital of $ 13.27 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 136.00 target price.
Recent Stock Dividend Announcement
On May 19, 2020, the board of directors authorized quarterly dividend of $ 1.10 per share to holders of record as of the close of business on June 1, 2020, with payment date of June 30, 2020 and ex-dividend date on May 29, 2020.
Conference Call
M&T Bank Corporation will be hosting a conference call at 11:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, (877) 780-2276 U.S. or (973) 582-2700 (International), with passcode : 9253404 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/u57k9fkp
M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The companys Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals. Its Commercial Banking segment provides credit and banking services for middle-market and large commercial customers.
