M&T Bank Q4 net interest income misses expectations

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

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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