M & T Bank CorporationMTB

Morningstar Rating

Stock Research and Analysis

by Jim Sinegal

M&T Bank is a responsible steward of shareholders' capital. The bank has returned 70% of capital to shareholders in the form of stock buybacks or dividends since 1983, using the remainder to fund growth through a series of shrewd acquisitions. Despite Read more

Bulls Say

Insiders own a large portion of the bank, aligning management's interests with those of outside shareholders.

Founder and CEO Robert Wilmers has led M&T through tough times before.

Conservative lending practices increase the probability that M&T will remain standing at the end of the current banking crisis.

M&T earned more than $5 per share in a difficult 2008.

Warren Buffett is a longtime shareholder. Read more

Bears Say

M&T's growth plans are centered on the highly competitive mid-Atlantic market. This fast-growing market could be hit hard by the current economic downturn.

M&T might have overpaid for Provident Bankshares' mediocre franchise and questionable assets.

Although conservative, M&T will not be able to withstand a prolonged fall in asset prices.

Major shareholder Allied Irish Bank AIB could choose to sell its stake in M&T, depressing the share price. Read more

Strategy

M&T employs a consistent, conservative approach to underwriting and a disciplined acquisition strategy. Its underwriting standards do not change through economic cycles, and management attempts to Read more

Management

We think M&T's management team deserves an A Stewardship Grade, the highest possible for companies we cover. Longtime chairman Robert Wilmers assumed the CEO role in January 2007, following the retirement of Robert Sadler. Before this, the chairman Read more

Profile

With headquarters in Buffalo, N.Y., M&T Bank is one of the 20 largest banks in the U.S. M&T has more than 660 branches in New York, Pennsylvania, West Virginia, Read more

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