M&T Bank (MTB) Q2 Earnings: What To Expect

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MTB Cover Image

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

M&T Bank beat analysts’ revenue expectations last quarter, reporting revenues of $2.45 billion, up 5.9% year on year. It was a slower quarter for the company, with a miss of analysts’ tangible book value per share estimates and 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 2.9% year on year, in line with the 3.8% 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 will 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 27.5%.

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 4.2% on average over the last month. M&T Bank is up 3.3% during the same time and is heading into earnings with an average analyst price target of $245.69 (compared to the current share price of $233.50).

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