The earnings call reflects a positive outlook for M&T Bank, highlighting strong deposit and loan growth, share repurchases, and improved asset quality. However, there are concerns with decreased earnings, increased expenses, and higher net charge-offs.

Company Guidance

During the M&T Bank Q4 2024 earnings call, executive Daryl Bible highlighted several key metrics and financial accomplishments that reflect the bank's strong performance and strategic guidance. Net operating earnings per share reached $14.88, with a return on average assets (ROA) of 1.3% and return on tangible common equity (ROTCE) of 14.54%. The bank achieved an 11% growth in tangible book value per share. In the fourth quarter, net interest income (NII) remained stable despite a 100-basis-point rate cut since September, with average total deposits growing by over $3 billion sequentially. The CET1 ratio increased to 11.67%, supported by $200 million in share repurchases. The fourth quarter also saw a 12% reduction in nonaccrual loans and a $1 billion decrease in commercial criticized loans. Looking ahead to 2025, M&T Bank aims for a tangible equivalent NII of $7.1 billion to $7.2 billion and expects to reach an 11% CET1 ratio by year's end, with continued growth projected in C&I and consumer segments.

Strong Deposit and Loan Growth

Average total deposits grew by over $3 billion sequentially, while average total loans grew for the fifth consecutive quarter. This demonstrates M&T's ability to offset planned reductions in CRE concentration.

Share Repurchase and Strong Capital Levels

M&T executed $200 million in share repurchases and grew the CET1 ratio to 11.67%. This reflects a strong capital position and a commitment to returning value to shareholders.

Improvement in Asset Quality

Asset quality continued to improve with a $1 billion reduction in commercial criticized loans and a $236 million reduction in nonaccrual loans.

Fee Income Growth

Fee income, excluding notable items, reached another high point for the fourth quarter, driven by strength in mortgage and trust services.

---

M&T Bank (MTB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 18, 2018	2018 (Q2)	- / 3.26	2.35	38.72% (+0.91)	―	―
Oct 17, 2018	2018 (Q3)	- / 3.53	2.21	59.73% (+1.32)	―	―
Jan 17, 2019	2018 (Q4)	- / 3.76	2.57	46.30% (+1.19)	―	―
Apr 15, 2019	2019 (Q1)	- / 3.35	2.23	50.22% (+1.12)	―	―
Jul 18, 2019	2019 (Q2)	- / 3.34	3.26	2.45% (+0.08)	―	―
Oct 17, 2019	2019 (Q3)	- / 3.47	3.53	-1.70% (-0.06)	―	―
Jan 23, 2020	2019 (Q4)	- / 3.60	3.76	-4.26% (-0.16)	―	―
Apr 20, 2020	2020 (Q1)	- / 1.93	3.35	-42.39% (-1.42)	―	―
Jul 23, 2020	2020 (Q2)	- / 1.74	3.34	-47.90% (-1.60)	―	―
Oct 22, 2020	2020 (Q3)	- / 2.75	3.47	-20.75% (-0.72)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

MTB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 16, 2025	$200.87	$196.10	-2.37%
Oct 17, 2024	$188.19	$197.65	+5.03%
Jul 18, 2024	$162.36	$165.05	+1.66%
Apr 15, 2024	$131.50	$137.74	+4.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---