M&T Bank Corporation, based in Buffalo, New York, is preparing to announce its fourth-quarter earnings on January 16, 2025. Analysts anticipate that the bank will report earnings per share (EPS) of **$4.46**, marking a **13.8%** increase from **$3.92** in the same quarter last year. The bank operates as a holding company that provides a range of services, including retail and commercial banking, trust, wealth management, and investment services. With a market capitalization of **$27.9 billion**, M&T Bank has three main segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Over the past four quarters, M&T Bank has exceeded analysts’ earnings expectations three times, though it did miss projections once. For the entire fiscal year 2025, the bank is projected to achieve an EPS of **$16.71**, up **12.3%** from **$14.88** in fiscal 2024. Looking ahead, earnings are expected to continue growing, with a forecast of **$18.70** per share for fiscal 2026, reflecting an **11.9%** year-over-year increase.
Market Performance and Analyst Outlook
In terms of stock performance, M&T Bank’s shares have risen **9.4%** over the past year. However, this growth lags behind the **S&P 500 Index**, which has seen a **15.4%** increase, and the **Financial Services Select Sector SPDR Fund**, which gained **14.5%** in the same period. Following the release of mixed third-quarter results on October 16, 2023, M&T Bank’s stock experienced a **3.5%** decline in value.
The bank reported a **4%** decline in interest income year-over-year, but it also faced a **13%** drop in interest expenses. This combination resulted in a **2%** increase in net interest income (NII), which reached **$1.6 billion**. Additionally, M&T Bank’s other non-interest income surged **24.1%** year-over-year to **$752 million**. Overall, the company’s total revenue amounted to **$2.4 billion**, reflecting an **8%** increase from the previous year, although it slightly fell short of consensus estimates.
Despite the initial drop in stock price following the third-quarter results, M&T Bank’s shares regained positive momentum in the following trading sessions. Analysts maintain a generally optimistic view regarding the bank’s future prospects. Among the **23 analysts** covering M&T Bank, the stock holds a consensus rating of “Moderate Buy,” which includes **11** “Strong Buy” ratings, **one** “Moderate Buy,” **10** “Holds,” and **one** “Strong Sell.”
The average price target for M&T Bank’s stock stands at **$220.48**, suggesting an **8.3%** upside potential from current price levels. As the earnings announcement date approaches, investors and analysts alike will be closely monitoring the bank’s performance and the implications for future growth within the competitive banking sector.
