What to Expect From M&T Bank's Next Quarterly Earnings Report
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Buffalo, New York-based M&T Bank Corporation (MTB) operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services. Valued at $31.1 billion by market cap, the company offers a wide range of financial services, including commercial banking, mortgage finance, trust, wealth management, and investment services. The leading regional bank is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Wednesday, Jul. 16.
Ahead of the event, analysts expect MTB to report a profit of $4.03 per share on a diluted basis, up 6.3% from $3.79 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing the forecast on another occasion.
For the full year, analysts expect MTB to report EPS of $16.11, up 8.3% from $14.88 in fiscal 2024. Its EPS is expected to rise 14.7% year over year to $18.48 in fiscal 2026.
MTB stock has outperformed the S&P 500 Index’s ($SPX) 12.6% gains over the past 52 weeks, with shares up 31.2% during this period. Similarly, it outperformed the Financial Select Sector SPDR Fund’s (XLF) 26.8% gains over the same time frame.
MTB's strong performance can be attributed to growth in both net interest income and non-interest income. The decrease in provision for credit losses also contributed to its positive financial results. Trust income, service charges on deposit accounts, and mortgage banking revenues all saw significant increases, which drove the overall uptick in performance.
On Apr. 14, MTB shares closed up marginally after reporting its Q1 results. Its net interest income stood at $1.6 billion, up 5.7% year over year. The company’s adjusted EPS increased 9.4% year over year to $3.38.
Analysts’ consensus opinion on MTB stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 21 analysts covering the stock, 11 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” seven give a “Hold,” and one recommends a “Strong Sell.” MTB’s average analyst price target is $205.07, indicating a potential upside of 5.8% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.