M&T Bank Corp Q3 2020 Earnings Call Summary - Thomson StreetEvents

M&T Bank Corp Q3 2020 Earnings Call Summary

M&T Bank Corp Q3 2020 Earnings Call Summary - Thomson StreetEvents
M&T Bank Corp Q3 2020 Earnings Call Summary
Published Oct 22, 2020
19 pages (11522 words) — Published Oct 22, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of MTB.N earnings conference call or presentation 22-Oct-20 3:00pm GMT

  
Brief Excerpt:

...Pleased with improving level of economic activity Co.'s markets experienced in 3Q, particularly in terms of consumer and business spending. 1. Saw strong debit and credit card usage by consumers and business, which manifested in increase in merchant volumes. a. 2. Mortgage market was robust. Witnessed uptick in residential origination volumes and margins. a. 3. Trust business experienced increase in money fund fee waivers Co. had been anticipating. Offset by strong equity and debt markets. a. 4. Expense trends were in line with expectations as Co. continues to exercise diligence in particularly difficult revenue environment. 5. Encouraging are trends for commercial customers granted some form of COVID-19 forbearance, and for which have reached its endpoint. Approx. 10% have asked for additional relief. a. 6. Common equity Tier 1 ratio 9.81%; improved 31 BP. a. Allowance for loan losses grew to 1.79% of loans, positioning Co. to meet needs of: i. Customers. ii. Communities. B. Results: Diluted...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
T Bank Corp
Ticker
MTB.N
Time
3:00pm GMT
Format:
PDF Adobe Acrobat
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M&T Bank Corp Q3 2020 Earnings Call Transcript – 2020-10-22 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 22-Oct-20 3:00pm GMT

M&T Bank Corp at Barclays Global Financials New York Conference (Virtual) Transcript – 2020-09-16 – US$ 54.00 – Edited Transcript of MTB.N presentation 16-Sep-20 11:30am GMT

M&T Bank Corp Q2 2020 Earnings Call Summary – 2020-07-23 – US$ 54.00 – Edited Brief of MTB.N earnings conference call or presentation 23-Jul-20 3:00pm GMT

M&T Bank Corp Q2 2020 Earnings Call Transcript – 2020-07-23 – US$ 54.00 – Edited Transcript of MTB.N earnings conference call or presentation 23-Jul-20 3:00pm GMT

M&T Bank Corp at Deutsche Bank Global Financial Services Conference (Virtual) Transcript – 2020-05-27 – US$ 54.00 – Edited Transcript of MTB.N presentation 27-May-20 2:00pm GMT

M&T Bank Corp at RBC Global Financial Institutions Conference Transcript – 2020-03-11 – US$ 54.00 – Edited Transcript of MTB.N presentation 11-Mar-20 2:40pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "M&T Bank Corp Q3 2020 Earnings Call Summary" Oct 22, 2020. Alacra Store. May 23, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-M-T-Bank-Corp-Earnings-Call-B13386408>
  
APA:
Thomson StreetEvents. (2020). M&T Bank Corp Q3 2020 Earnings Call Summary Oct 22, 2020. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2020-M-T-Bank-Corp-Earnings-Call-B13386408>
  
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