Latest news with #M&TBank
Business Wire
6 days ago
- Business
- Business Wire
M&T Bank Selects Amperity to Accelerate Customer Data Strategy
SEATTLE--(BUSINESS WIRE)-- Amperity, the AI-powered customer data cloud, announced M&T Bank has selected its platform to unify customer data across the bank's operations. This collaboration will enable M&T Bank, a leading full-service financial institution, to build more comprehensive customer profiles and deliver more personalized banking experiences. "Amperity will enable us to further consolidate customer interactions into a unified view of the customer, helping to deliver more relevant, timely communications to meet our customers' financial needs," said Kim Nupp, Director at M&T Bank. The relationship between M&T Bank and Amperity represents a significant advancement in the bank's customer data capabilities. With Amperity's platform, M&T Bank can now more effectively consolidate fragmented customer information, streamline data management, and deploy insights across channels. This collaboration enables the bank to gain a more comprehensive understanding of customer needs, preferences and behaviors, ultimately leading to enhanced customer experiences across all touchpoints. "In today's competitive banking landscape, understanding our customers across all business lines is essential," said Kim Nupp, Director of Customer 360 Management at M&T Bank. "Amperity's platform will enable us to further consolidate customer interactions into a unified view of the customer, helping to deliver more relevant, timely communications to meet our customers' financial needs.' The implementation of Amperity will support M&T Bank's data-driven strategy by: Better unifying online and offline customer interactions Supporting growth through targeted service offerings Helping to streamline the banking experience across all touchpoints 'M&T Bank is setting the pace for customer-centric innovation in modern banking,' said Tony Owens, CEO of Amperity. 'With Amperity's identity resolution at the core of their data strategy, they've built a modern foundation that gives them a complete view of each customer. This kind of transformation isn't possible without solving identity first - and it's what will separate the leaders from the rest as the industry moves into the next era of personalization.' To learn how companies like M&T Bank are partnering with Amperity visit About Amperity Amperity's Customer Data Cloud empowers brands to transform raw customer data into strategic business assets with unprecedented speed and accuracy. Through AI-powered identity resolution, customizable data models, and intelligent automation, Amperity helps technologists eliminate data bottlenecks and accelerate business impact. More than 400 leading brands worldwide, including Virgin Atlantic, Dr Martens, Wyndham Hotels & Resorts and Reckitt rely on Amperity to drive customer insights and revenue growth. Founded in 2016, Amperity operates globally with offices in Seattle, New York City, London, and Melbourne. For more information, visit or follow us on LinkedIn, X, Facebook and Instagram.
Yahoo
17-07-2025
- Business
- Yahoo
MTB Q1 Deep Dive: Margin Expansion and Loan Mix Offset Deposit and CRE Headwinds
Regional banking company M&T Bank (NYSE:MTB) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 4.1% year on year to $2.40 billion. Its GAAP profit of $4.24 per share was 6.3% above analysts' consensus estimates. Is now the time to buy MTB? Find out in our full research report (it's free). M&T Bank (MTB) Q2 CY2025 Highlights: Revenue: $2.40 billion vs analyst estimates of $2.38 billion (4.1% year-on-year growth, 0.6% beat) EPS (GAAP): $4.24 vs analyst estimates of $3.99 (6.3% beat) Market Capitalization: $30.14 trillion StockStory's Take M&T Bank's first quarter results did not meet Wall Street's expectations, with management attributing the outcome primarily to a combination of lower commercial real estate (CRE) loan balances, seasonally lower deposit levels, and a modest decline in net interest income. CFO Daryl Bible highlighted that net interest margin improved 8 basis points, even as average loans declined. He pointed to disciplined deposit pricing, a reduction in higher-cost funding, and strong performance in fee-generating businesses such as mortgage banking and trust services. Additionally, asset quality improved, with lower net charge-offs and a reduction in criticized CRE balances. Management acknowledged a dynamic environment, noting that customer uncertainty around tariffs and broader economic trends led to business investment delays and a pause in some acquisition activity. Looking ahead, M&T Bank's guidance is shaped by a cautious stance on CRE loan origination and a focus on maintaining strong liquidity and capital levels. Management expects loan growth to remain muted, particularly in CRE, while C&I (commercial and industrial) and consumer lending are projected to offset some of these headwinds. CFO Daryl Bible stated, "We remain focused on growing customer deposits at a reasonable cost, while also considering loan growth." The company is also monitoring the impact of macroeconomic uncertainties—especially tariffs and regulatory changes—on customer activity and credit quality. Management emphasized flexibility in expense management and signaled ongoing investments in technology and risk management capabilities to support long-term profitability. Key Insights from Management's Remarks Management credited the quarter's margin expansion to deposit cost discipline and a shift in loan mix, while acknowledging ongoing competitive pressures in CRE and muted deposit growth. Deposit cost management: The bank achieved a decline in interest-bearing deposit costs as it reduced reliance on brokered and wholesale funding, helping offset the impact of lower average deposits and providing a lift to net interest margin. CRE portfolio runoff: CRE balances declined significantly due to elevated payoffs and competition from other lenders, with management reiterating a disciplined approach to new originations and a focus on reducing riskier office exposures. C&I and consumer loan growth: Growth in commercial and industrial (C&I) and consumer portfolios partially offset the CRE decline, supported by momentum in fund banking, corporate institutional lending, and indirect auto finance. Fee income momentum: Non-interest income, including mortgage banking and trust services, remained resilient, and management expects further growth as new subservicing relationships ramp up and service charges perform well. Expense control and capital return: Management continued to tightly manage expenses, highlighted flexibility to adjust spending if needed, and executed substantial share repurchases, while maintaining a CET1 ratio above 11%. Drivers of Future Performance M&T Bank's outlook hinges on balancing muted CRE loan demand, deposit growth, and adaptable expense management amid an uncertain macroeconomic backdrop. CRE loan headwinds: Management expects commercial real estate balances to bottom out by year-end, with muted originations due to competitive pricing and customer hesitancy. The focus remains on selective growth in multifamily and industrial segments to reduce exposure to riskier office loans. Deposit growth and pricing: The company anticipates deposit balances to recover from seasonal lows, with an emphasis on attracting stable, low-cost deposits. CFO Daryl Bible noted that higher deposit levels would be deployed to pay down more expensive liabilities or increase liquidity, depending on loan demand. Expense flexibility and risk management: Management emphasized the ability to adjust expenses if revenue growth slows, with ongoing investments in systems, automation, and risk controls. The bank is closely monitoring portfolios such as retail trade, manufacturing, and non-profits for signs of stress, and remains prepared to adapt if the macroeconomic environment deteriorates. Catalysts in Upcoming Quarters In the coming quarters, the StockStory team will focus on (1) stabilization and eventual growth of CRE and C&I loan balances, (2) trends in deposit growth and the cost of funds, and (3) the trajectory of fee income as mortgage subservicing and trust businesses scale. Monitoring regulatory developments and any shifts in credit quality within key loan portfolios will also be crucial for assessing M&T Bank's performance. M&T Bank currently trades at $191.43, down from $197.03 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). High Quality Stocks for All Market Conditions Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
17-07-2025
- Business
- Business Insider
Wells Fargo Reaffirms Their Sell Rating on M&T Bank (MTB)
Wells Fargo analyst Mike Mayo maintained a Sell rating on M&T Bank yesterday and set a price target of $185.00. The company's shares closed yesterday at $192.52. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Mayo is a 5-star analyst with an average return of 14.8% and a 69.75% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, Bank of America, and State Street. M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $211.81. Based on M&T Bank's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.17 billion and a net profit of $584 million. In comparison, last year the company earned a revenue of $3.3 billion and had a net profit of $531 million Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTB in relation to earlier this year. Last month, Robert Sadler, a Director at MTB sold 6,700.00 shares for a total of $1,229,584.00.
Yahoo
16-07-2025
- Business
- Yahoo
M&T Bank (NYSE:MTB) Misses Q2 Revenue Estimates
Regional banking company M&T Bank (NYSE:MTB) fell short of the market's revenue expectations in Q2 CY2025, with sales falling 1.3% year on year to $2.27 billion. Its GAAP profit of $4.24 per share was 6.3% above analysts' consensus estimates. Is now the time to buy M&T Bank? Find out in our full research report. Net Interest Income: $1.71 billion vs analyst estimates of $1.75 billion (flat year on year, 2% miss) Net Interest Margin: 3.6% vs analyst estimates of 3.7% (3 basis point year-on-year increase, 6.6 bps miss) Revenue: $2.27 billion vs analyst estimates of $2.38 billion (1.3% year-on-year decline, 4.6% miss) Efficiency Ratio: 55.2% vs analyst estimates of 55.8% (0.6 percentage point beat) EPS (GAAP): $4.24 vs analyst estimates of $3.99 (6.3% beat) Market Capitalization: $31.67 billion Tracing its roots back to 1856 when it was founded as Manufacturers and Traders Bank in Buffalo, New York, M&T Bank (NYSE:MTB) is a regional bank holding company that provides retail and commercial banking, trust, wealth management, and investment services to consumers and businesses. Net interest income and and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Over the last five years, M&T Bank grew its revenue at an impressive 9% compounded annual growth rate. Its growth beat the average bank company and shows its offerings resonate with customers. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. M&T Bank's recent performance marks a sharp pivot from its five-year trend as its revenue has shown annualized declines of 2.4% over the last two years. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, M&T Bank missed Wall Street's estimates and reported a rather uninspiring 1.3% year-on-year revenue decline, generating $2.27 billion of revenue. Net interest income made up 70.3% of the company's total revenue during the last five years, meaning lending operations are M&T Bank's largest source of revenue. Our experience and research show the market cares primarily about a bank's net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Banks are balance sheet-driven businesses because they generate earnings primarily through borrowing and lending. They're also valued based on their balance sheet strength and ability to compound book value (another name for shareholders' equity) over time. This explains why tangible book value per share (TBVPS) stands as the premier banking metric. TBVPS strips away questionable intangible assets, revealing concrete per-share net worth that investors can trust. Other (and more commonly known) per-share metrics like EPS can sometimes be murky due to M&A or accounting rules allowing for loan losses to be spread out. M&T Bank's TBVPS grew at an impressive 7.4% annual clip over the last five years. TBVPS growth has also accelerated recently, growing by 11% annually over the last two years from $91.32 to $112.48 per share. Over the next 12 months, Consensus estimates call for M&T Bank's TBVPS to grow by 5.6% to $118.76, mediocre growth rate. M&T Bank's revenue and net interest income fell short of Wall Street's estimates. On the other hand, operational efficiency beat, leading to better-than-expected EPS. Overall, this was a mixed quarter. The stock traded up 1.5% to $200 immediately following the results. Big picture, is M&T Bank a buy here and now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
M&T Bank quarterly profit rises on higher fees, lower rainy day funds
(Reuters) -M&T Bank reported a more than 9% rise in second-quarter profit on Wednesday, helped by higher fee revenue from its mortgage banking and trust businesses. Shares of the Buffalo, New York-based regional bank, which also set aside lower buffers in the quarter for potential losses on loans, were up 1.4% in premarket trading. U.S. consumers have remained healthy despite heightened uncertainty from tariffs and geopolitical turmoil. Executives across industries have noted that sentiment is improving, with businesses seeking further clarity on trade and monetary policy before making investments. Dealmaking has also picked up, anchored by tech-heavy initial public offerings and multi-billion dollar buyouts. M&T's total noninterest income rose to $683 million in the second quarter from $584 million in the year ago. This reflected a 23% increase in mortgage banking revenues, helped by higher residential mortgage loan servicing income. Trust income rose to $182 million from $170 million. The lender's provision for credit losses fell to $125 million from $150 million a year ago. M&T has historically had greater exposure to commercial real estate (CRE) loans compare with other regional banking peers. The lender has been trying to reduce the concentration of CRE loans on its balance sheet as the sector continues to struggle amid elevated interest rates and a dour macroeconomic outlook. Analysts believe the bank's loan growth will increasingly start pulling ahead of peers as CRE headwinds fade. The company recently said CRE forms about 19% of its balance sheet. M&T's average CRE loans fell 19.5% to $25.33 billion in the quarter, while average consumer loans rose to $25.35 billion from $21.97 billion in the year-ago period. Its net income rose to $679 million, or $4.24 per share, in the three months ended June 30 from $626 million, or $3.73 per share, a year ago. Sign in to access your portfolio
