M&T Bank Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter

M&T Bank MTB earnings are coming up! Don't miss out: The company unveils its next round of earnings this Monday, July 18, 2011.

Want to get caught up before Monday's earnings release? We've got just what you need. Here is your everything-that-matters guide to M&T Bank's second quarter earnings report.

Let's Do the Numbers:

Analysts are predicting a positive EPS reading of $1.53 per share and revenues of $908.7 million. We'll know on Monday whether M&T Bank has managed the estimated 115% increase in EPS and 108% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 Q4 Q3 Q2
EPS Estimate $1.41 $1.45 $1.41 $1.25
EPS Actual $1.67 $1.52 $1.48 $1.53

Stock Performance:

At last check, shares of M&T Bank were trading at $87.45. Shares are up 2.1% year to date. For a full 12 months, the return has risen by 15.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
  • Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for M&T Bank is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other financials companies are doing? Here are a few of M&T Bank's peers in that sector.
  • Bank of America BAC: Hold with a $0.17 recent quarter EPS
  • PNC Financial Services PNC: Moderate Buy with a $1.57 recent quarter EPS
  • Susquehanna Bancshares SUSQ: Hold with a $0.08 recent quarter EPS

M&T Bank is in the major regional banks industry, which has experienced price/earnings growth of 0.1%.

Finally, a description of the main business areas of the company, in case you need a little refresher: M&T Bank Corp. offers commercial and retail banking services, including loans and deposits, mortgage banking, trust, asset management, insurance and other financial services.

Take Action:

That's your advanced look at M&T Bank's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

  • To see up-to-date news on M&T Bank, click here
  • To see other trading ideas, click here
  • To see other company earnings recaps, click here
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Posted In: EarningsNewsPreviewsTrading IdeasFinancialsOther Diversified Financial ServicesRegional Banks
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