MTB Earnings Prediction
The chart below shows how MTB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MTB sees a -2.96% change in stock price 10 days leading up to the earnings, and a -0.61% change 10 days following the report. On the earnings day itself, the stock moves by +0.99%. This data can give you a slight idea of what to expect for the next quarter's release.
MTB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.08B
2.09%
1.31%
Gross Margin
--
--
--
Operating Margin
42.32%
38.08%
-4.23%
Net Margin
32.68%
38.30%
-6.76%
EPS
3.86
40.88%
-3.98%
No Data Available
MTB Earnings Analysis
M&T Bank Corp Corporation (MTB.N) Earnings Conference Call
Positive
Earnings Per Share Surge: Net operating earnings per share reached $14.88 for 2024, reflecting strong financial performance and exceeding the initial outlook.
Deposit Growth Surge: Average total deposits grew by over $3 billion sequentially in the fourth quarter, demonstrating robust customer growth and confidence in the bank's deposit franchise.
Record High Fee Income: Fee income, excluding notable items, reached a record high for the fourth quarter, driven by strength in mortgage and trust services, indicating strong operational performance.
Nonaccrual Loans Decline: Nonaccrual loans decreased by $236 million or 12% to $1.7 billion, showcasing improved asset quality and effective credit risk management.
CET1 Ratio Improvement: The CET1 ratio increased to 11.67% at the end of the fourth quarter, supported by strong earnings and a $200 million share repurchase program, reflecting a solid capital position.
Negative
Earnings Per Share Decline: Diluted earnings per share decreased to $3.86 from $4.02 in the prior quarter, indicating a decline in profitability.
Net Income Decline: Net income for the fourth quarter was $681 million, down from $721 million in the linked quarter, reflecting a decrease in overall earnings.
Net Interest Margin Decline: Net interest margin decreased by 4 basis points to 3.58%, primarily due to lower contributions from free funds, which negatively impacts interest income.
Rising Noninterest Expenses: Noninterest expenses increased by $60 million to $1.36 billion from the prior quarter, driven by higher salaries, benefits, and operational costs, indicating rising operational inefficiencies.
Increased Credit Risk: Net charge-offs rose to $160 million or 47 basis points, up from 35 basis points in the linked quarter, suggesting increased credit risk and potential future losses.
