M&T BankNYSE: MTB

BUFFALO, N.Y., Oct. 25, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) will take part in the BancAnalysts Association of Boston Conference taking place in Boston, MA.

Is M&T Bank Corporation (MTB) a strong choice for momentum investors? Let's take a closer look.

M&T Bank Corporation has announced solid earnings for the third quarter, with earnings per share exceeding predictions thanks to reduced credit loss provisions and controlled expenses. Although there was only a small increase in loans and a slight decrease in deposits, the net interest margin rose to 3.62%, suggesting stable margins ahead with planned rate cuts. Additionally, asset quality has strengthened, as loan charge-offs have decreased and nonaccrual loans are down 18% compared to last year, showing improved borrower performance.

The prize money and scoring system for the 2025 Grand Prix have been revealed, featuring a new format that counts the best five out of six races. Life Time, a leading healthy lifestyle brand and event organizer, announced this along with the race lineup last week. The new prize purse is the largest ever and includes additional awards for individual races.

MTB's results for the third quarter of 2024 show improvement due to higher non-interest income and loans. However, a drop in net interest income is a negative factor.

M&T Bank Corporation (NYSE:MTB) will hold its Q3 2024 Earnings Conference Call on October 17, 2024, at 8:00 AM ET. The call will feature company representatives, including Brian Klock and Daryl Bible, as well as analysts from various financial institutions. Participants are advised that all lines are muted, and questions will be taken after the presentation.

M&T Bank Corporation's stock has increased by more than 50% in the last year, with a 4% rise after strong quarterly earnings, and I still recommend holding onto it. The bank's net interest income reached $1.74 billion, helped by an extra day in the calendar, and the net interest margin improved to 3.62% because of fixed reinvestment. Although average deposits fell, end-of-period deposits rose by $4 billion, showing better deposit activity towards the end of the quarter, even though the guidance for Q4 was cautious.

M&T Bank Corporation (MTB) reported quarterly earnings of $4.08 per share, which is higher than the Zacks Consensus Estimate of $3.60 per share. This is a slight increase compared to earnings of $4.05 per share from the same period last year.

BUFFALO, N.Y., Oct. 17, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") has announced a quarterly net income of $721 million, which translates to $4.02 in diluted earnings per common share.