M&T Bank Corp Q2 2022 Earnings Call Summary - Thomson StreetEvents

M&T Bank Corp Q2 2022 Earnings Call Summary

M&T Bank Corp Q2 2022 Earnings Call Summary - Thomson StreetEvents
M&T Bank Corp Q2 2022 Earnings Call Summary
Published Jul 20, 2022
17 pages (11033 words) — Published Jul 20, 2022
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Abstract:

Edited Brief of MTB.N earnings conference call or presentation 20-Jul-22 2:00pm GMT

  
Brief Excerpt:

...A. Highlights: As Co. reflects on past qtr. and 1H22, pleased with its progress. 1. 2. 2Q22 Results include the impact of the People's United Financial acquisition, which closed on April 1. 3. Excited about the momentum Co. has as a combined organization especially the progress both franchises are making in preparation for planned systems conversion later this qtr. 4. With strong NII growth and effective expense management, MTB generated positive operating leverage as pre-tax pre-provision net revenue increased by more than $300m vs. 1Q22. 5. Repurchased $600m of Co.'s common stock. 07/19/22, the Board of Directors authorized a new program to repurchase up to $3b in MTB common stock. a. 6. Balance sheet management enabled Co. to benefit from the changing interest rate environment, boosting the net interest margin and allowing it to deploy excess cash into investment securities with higher yields....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
T Bank Corp
Ticker
MTB.N
Time
2:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Just 1 follow-up for me. Your -- is actually a follow-up to the first question, you're expecting some declines. It sounds like in your 4 accounts given inflationary pressures. And what's interesting is pretty much all of your peers have talked about growing deposits from second quarter levels. I guess a 2-part question. Number one, how much more in surge deposits do you have left? I guess I'm trying to figure out how conservative the underlying deposit growth assumptions are underneath that 56% guide for NII?

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : I understand. So just to interpret that, Darren, just making sure I'm thinking about it correctly, you have so much cash that your sensitivity is greater for those that are seeking higher yield? Is that a good way to think about it?

Table Of Contents

M&T Bank Corp at BancAnalysts Association of Boston Conference Transcript – 2022-11-03 – US$ 54.00 – Edited Transcript of MTB.N presentation 3-Nov-22 3:15pm GMT

M&T Bank Corp Q3 2022 Earnings Call Summary – 2022-10-19 – US$ 54.00 – Edited Brief of MTB.N earnings conference call or presentation 19-Oct-22 3:00pm GMT

M&T Bank Corp Q3 2022 Earnings Call Transcript – 2022-10-19 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 19-Oct-22 3:00pm GMT

M&T Bank Corp at Barclays Global Financial Services Conference Transcript – 2022-09-14 – US$ 54.00 – Edited Transcript of MTB.N presentation 14-Sep-22 1:45pm GMT

M&T Bank Corp Q2 2022 Earnings Call Transcript – 2022-07-20 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 20-Jul-22 2:00pm GMT

M&T Bank Corp Q1 2022 Earnings Call Summary – 2022-04-20 – US$ 54.00 – Edited Brief of MTB.N earnings conference call or presentation 20-Apr-22 3:00pm GMT

M&T Bank Corp Q1 2022 Earnings Call Transcript – 2022-04-20 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 20-Apr-22 3:00pm GMT

M&T Bank Corp at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript – 2022-03-09 – US$ 54.00 – Edited Transcript of MTB.N presentation 9-Mar-22 8:20pm GMT

M&T Bank Corp Q4 2021 Earnings Call Summary – 2022-01-20 – US$ 54.00 – Edited Brief of MTB.N earnings conference call or presentation 20-Jan-22 4:00pm GMT

M&T Bank Corp Q4 2021 Earnings Call Transcript – 2022-01-20 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 20-Jan-22 4:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "M&T Bank Corp Q2 2022 Earnings Call Summary" Jul 20, 2022. Alacra Store. May 22, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-M-T-Bank-Corp-Earnings-Call-B15251442>
  
APA:
Thomson StreetEvents. (2022). M&T Bank Corp Q2 2022 Earnings Call Summary Jul 20, 2022. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-M-T-Bank-Corp-Earnings-Call-B15251442>
  
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