Thrivent Transforms Mutual Funds into Small- and Mid-Cap Value ETFs: Details Revealed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Source: Benzinga
Thrivent's ETF Launch: Thrivent Asset Management has converted two mutual funds into exchange-traded funds (ETFs), the Thrivent Small Cap Value ETF (TSCV) and Thrivent Mid Cap Value ETF (TMVE), to enhance investor access to its active stock-picking strategies.
Fund Details: TSCV starts with $146.74 million in assets and a 0.60% expense ratio, while TMVE has $19.88 million and a 0.55% expense ratio, focusing on undervalued companies with improving fundamentals.
Portfolio Composition: The small-cap ETF holds 61 stocks, including Cushman & Wakefield and Plymouth Industrial REIT, while the mid-cap ETF consists of 81 stocks, featuring M&T Bank and Sysco Corp, both employing a strategy of seeking companies with stable or improving returns.
Management Fee Changes: The transition from mutual funds to ETFs introduces management fees, which were previously absent, and may affect performance, as noted by Thrivent Mutual Funds President Mike Kremenak.
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Analyst Views on MTB
Wall Street analysts forecast MTB stock price to rise
13 Analyst Rating
4 Buy
9 Hold
0 Sell
Moderate Buy
Current: 214.080
Low
210.00
Averages
229.25
High
251.00
Current: 214.080
Low
210.00
Averages
229.25
High
251.00
About MTB
M&T Bank Corporation is a financial holding company. The Company’s principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern United States from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the United States and abroad by its Wilmington Trust-affiliated companies and by M&T Bank. Its segments include Commercial Bank, Retail Bank and Institutional Services and Wealth Management. The Commercial Bank segment provides a range of credit products and banking services to middle-market and large commercial customers, mainly within the markets served by the Company. The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels. The Institutional Services and Wealth Management segment provides a variety of trustee, agency, investment management and administrative services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, with a scheduled presentation for investors and analysts at 9:45 a.m. BST (4:45 a.m. ET), highlighting its strategic direction in financial services.
- Webcast Availability: The presentation will be available via a webcast, with a link provided on M&T Bank's investor relations website, ensuring that investors can access potentially material and forward-looking information in a timely manner.
- Company Background: Headquartered in Buffalo, New York, M&T Bank's principal banking subsidiary offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market coverage capabilities.
- Trust Services: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select markets both domestically and internationally, further enhancing its competitive edge in the financial services industry.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, which is expected to attract significant attention from investors and analysts, thereby enhancing the company's visibility in the financial market.
- Presentation Schedule: Representatives from M&T are scheduled to present at 9:45 a.m. BST (4:45 a.m. ET), showcasing the latest business developments and strategic plans aimed at boosting investor confidence and promoting shareholder value.
- Webcast Availability: The presentation will be available via webcast, allowing viewers to access it through the provided link, which will include important financial information and forward-looking statements, ensuring transparency and meeting investor information needs.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank primarily offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating its strong influence in the regional financial services market.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, which enhances shareholder returns and reflects the company's strong financial health and profitability.
- Preferred Stock Dividends: Additionally, M&T will pay quarterly cash dividends on its perpetual preferred stock on June 15, 2026, further solidifying its commitment to investors and boosting market confidence.
- Record Date for Shareholders: The record date for all dividends is set for June 1, 2026, ensuring that eligible shareholders receive their dividends promptly, thereby increasing the attractiveness of their investments.
- Company Background: Headquartered in Buffalo, New York, M&T Bank operates a comprehensive branch and ATM network across the eastern U.S., providing a diverse range of banking products and services, showcasing its strong competitive position in the financial services industry.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, reflecting the company's strong profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The bank also announced cash dividends for Series H, J, and K preferred stocks at $0.3515625, $187.50, and $158.75 per share, respectively, enhancing its appeal to preferred stock investors.
- Payment Schedule: All dividends will be paid on June 15, 2026, to shareholders of record as of June 1, 2026, ensuring shareholder rights and stable cash flow.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank offers a wide range of banking products and services across the eastern U.S., demonstrating its strong influence in the regional financial market.
See More
M&T Bank Q1 2026 Earnings Call Insights
- Net Interest Income Performance: M&T Bank reported taxable equivalent net interest income of $1.76 billion in Q1, with a net interest margin of 3.71%, reflecting positive impacts from fixed-rate repricing and deposit discipline despite a decline from the previous quarter.
- Loan and Deposit Dynamics: Commercial loans increased by $1.5 billion to $63.8 billion, while average total deposits decreased by $0.8 billion to $164.3 billion, indicating challenges in market competition and liquidity management.
- Accelerated Capital Buybacks: The bank executed $1.25 billion in share repurchases during Q1, representing over 3.5% of shares outstanding as of the end of 2025, demonstrating a proactive approach to capital management while lowering the CET1 ratio to a 10% floor.
- Improved Expenses and Credit Metrics: Although non-interest expenses rose to $1.44 billion with an efficiency ratio of 58.3%, net charge-offs decreased to 31 basis points and criticized loans fell to $6.6 billion, indicating an improvement in asset quality.
See More
M&T Bank (MTB) Q1 2026 Earnings Call Transcript
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, with a scheduled presentation for investors and analysts at 9:45 a.m. BST (4:45 a.m. ET), highlighting its strategic direction in financial services.
- Webcast Availability: The presentation will be available via a webcast, with a link provided on M&T Bank's investor relations website, ensuring that investors can access potentially material and forward-looking information in a timely manner.
- Company Background: Headquartered in Buffalo, New York, M&T Bank's principal banking subsidiary offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., showcasing its extensive market coverage capabilities.
- Trust Services: M&T Bank provides trust-related services through its Wilmington Trust-affiliated companies in select markets both domestically and internationally, further enhancing its competitive edge in the financial services industry.
See More
M&T Bank to Present at Barclays Conference in London
- Conference Participation: M&T Bank will participate in the Barclays Americas Select Franchise Conference in London on May 5, 2026, which is expected to attract significant attention from investors and analysts, thereby enhancing the company's visibility in the financial market.
- Presentation Schedule: Representatives from M&T are scheduled to present at 9:45 a.m. BST (4:45 a.m. ET), showcasing the latest business developments and strategic plans aimed at boosting investor confidence and promoting shareholder value.
- Webcast Availability: The presentation will be available via webcast, allowing viewers to access it through the provided link, which will include important financial information and forward-looking statements, ensuring transparency and meeting investor information needs.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank primarily offers banking products and services across the eastern U.S. from Maine to Virginia and Washington, D.C., demonstrating its strong influence in the regional financial services market.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, which enhances shareholder returns and reflects the company's strong financial health and profitability.
- Preferred Stock Dividends: Additionally, M&T will pay quarterly cash dividends on its perpetual preferred stock on June 15, 2026, further solidifying its commitment to investors and boosting market confidence.
- Record Date for Shareholders: The record date for all dividends is set for June 1, 2026, ensuring that eligible shareholders receive their dividends promptly, thereby increasing the attractiveness of their investments.
- Company Background: Headquartered in Buffalo, New York, M&T Bank operates a comprehensive branch and ATM network across the eastern U.S., providing a diverse range of banking products and services, showcasing its strong competitive position in the financial services industry.
See More
M&T Bank Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: M&T Bank has declared a cash dividend of $1.50 per share, payable on June 30, 2026, reflecting the company's strong profitability and commitment to shareholder returns.
- Preferred Stock Dividends: The bank also announced cash dividends for Series H, J, and K preferred stocks at $0.3515625, $187.50, and $158.75 per share, respectively, enhancing its appeal to preferred stock investors.
- Payment Schedule: All dividends will be paid on June 15, 2026, to shareholders of record as of June 1, 2026, ensuring shareholder rights and stable cash flow.
- Company Overview: Headquartered in Buffalo, New York, M&T Bank offers a wide range of banking products and services across the eastern U.S., demonstrating its strong influence in the regional financial market.
See More
M&T Bank Q1 2026 Earnings Call Insights
- Net Interest Income Performance: M&T Bank reported taxable equivalent net interest income of $1.76 billion in Q1, with a net interest margin of 3.71%, reflecting positive impacts from fixed-rate repricing and deposit discipline despite a decline from the previous quarter.
- Loan and Deposit Dynamics: Commercial loans increased by $1.5 billion to $63.8 billion, while average total deposits decreased by $0.8 billion to $164.3 billion, indicating challenges in market competition and liquidity management.
- Accelerated Capital Buybacks: The bank executed $1.25 billion in share repurchases during Q1, representing over 3.5% of shares outstanding as of the end of 2025, demonstrating a proactive approach to capital management while lowering the CET1 ratio to a 10% floor.
- Improved Expenses and Credit Metrics: Although non-interest expenses rose to $1.44 billion with an efficiency ratio of 58.3%, net charge-offs decreased to 31 basis points and criticized loans fell to $6.6 billion, indicating an improvement in asset quality.
See More
M&T Bank (MTB) Q1 2026 Earnings Call Transcript
See More
