Company

M&T Bank Corporation

Headquarters: Buffalo, NY, United States

Founded: August 29, 1856

Employees: 17,115

CEO: Mr. Rene F. Jones CPA

NYSE: MTB +2.95%

Market Cap

$22.62 Billion

USD as of Jan. 1, 2024

Market Cap History

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.

M&T Bank Corporation market capitalization over time

Evolution of M&T Bank Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of M&T Bank Corporation

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)

Details

Headquarters:

One M&T Plaza

Buffalo, NY 14203

United States

Phone: 716-635-4000