Company
M&T Bank Corporation
Headquarters: Buffalo, NY, United States
Founded: August 29, 1856
Employees: 17,115
CEO: Mr. Rene F. Jones CPA
Market Cap
$24.88 Billion
USD as of July 1, 2024
M&T Bank Corporation Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Company Description
M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York. It operates more than 700 branches in Northeastern states: New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, Washington, D.C., and Connecticut. Through its subsidiary Wilmington Trust, M&T Bank Corporation also provides global corporate and institutional services, private banking, investment management, and fiduciary services.
Top Competitors by Market Capitalization
Industry: Banks—Regional
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| HDFC Bank | $169.00 B |
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| Al Rajhi Banking and Investment Corp | $84.87 B |
| DBS Group Holdings Ltd | $79.57 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
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Stocks & Indices
M&T Bank Corporation has the following listings and related stock indices.
Stock: NYSE: MTB wb_incandescent
Stock: Bovespa: M1TB34 wb_incandescent
Product & Services
Retail bankingCommercial bankInvestment BankingInvestment ManagementPrivate banking
Key People
René F. Jones (Chairman and CEO) Kevin J. Pearson (Vice Chairman) Richard S. Gold (President and COO)
Financials
Revenue: $6.12 billion (2021)
Net income: $1.776 billion (2021)
Total assets: $155.12 billion (2021)
Total equity: $17.903 billion (2021)