Overview
U.S. financial holding firm's Q4 net income rose 12% yr/yr
Net interest income for Q4 missed analyst expectations
Noninterest income increased 6% compared to Q4 2024
Outlook
M&T Bank did not provide specific guidance for future quarters in the press release
Result Drivers
NET INTEREST INCOME - Taxable-equivalent net interest income rose $17 mln due to loan and deposit growth
NONINTEREST INCOME - Higher mortgage banking revenues and trust income contributed to noninterest income growth
NONINTEREST EXPENSE - Increased due to higher professional services costs and a contribution to the M&T Charitable Foundation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | $4.72 | ||
Q4 EPS | $4.67 | ||
Q4 Net Income | $759 mln | ||
Q4 Net Interest Income | Miss | $1.78 bln | $1.80 bln (12 Analysts) |
Q4 CET1 Capital Ratio | 10.84% | ||
Q4 Net Interest Margin | 3.69% | ||
Q4 Provision for Credit Loss | $125 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for M&T Bank Corp is $227.50, about 7% above its January 15 closing price of $212.57
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nPnb1vm61a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)