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M&T Bank Earnings: What To Look For From MTB

MTB Cover Image

Regional banking company M&T Bank (NYSE: MTB) will be reporting earnings this Wednesday before market open. Here’s what investors should know.

M&T Bank met analysts’ revenue expectations last quarter, reporting revenues of $2.49 billion, up 4.5% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ tangible book value per share estimates but a slight miss of analysts’ net interest income estimates.

Is M&T Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting M&T Bank’s revenue to grow 5.3% year on year, improving from the 2.2% increase it recorded in the same quarter last year.

M&T Bank Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. M&T Bank has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at M&T Bank’s peers in the banks segment, only FB Financial has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 30.5%.

Read our full analysis of FB Financial’s earnings results here.

There has been positive sentiment among investors in the banks segment, with share prices up 9.1% on average over the last month. M&T Bank is up 11.8% during the same time and is heading into earnings with an average analyst price target of $231.50 (compared to the current share price of $221.80).

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