M&T Bank Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.2024-11-09

M&T Bank (NYSE:MTB) Third Quarter 2024 Results Key Financial Results Revenue: US$2.21b (up 1.2% from 3Q 2023). Net income: US$674.0m (up 1.5% from 3Q 2023). Profit margin: 31% (in line with 3Q 2023)....

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 10%.Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.The company's shares are up 8.9% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with M&T Bank, and understanding this should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MTB":"美国制商银行"},"translate_title":"M&T银行2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTB":1},"content_text":"M&T Bank (NYSE:MTB) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$2.21b (up 1.2% from 3Q 2023).\nNet income: US$674.0m (up 1.5% from 3Q 2023).\nProfit margin: 31% (in line with 3Q 2023).\nEPS: US$4.04 (up from US$4.00 in 3Q 2023).\n\n\n\n\n  NYSE:MTB Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nM&T Bank EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. \n Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US. \nPerformance of the American Banks industry.\n The company's shares are up 8.9% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with M&T Bank, and understanding this should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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