
M&T Bank (MTB) Stock Forecast & Price Target
M&T Bank (MTB) Analyst Ratings
Bulls say
M&T Bank's tangible book value (TBV) per share rose 25.4% quarter-over-quarter to $107.97, reflecting a significant year-over-year growth of 15%. The bank also experienced a 15% increase in tangible common equity, reinforcing its strong financial foundation while maintaining a steady outlook for loan and deposit growth. Furthermore, improved credit quality expectations and potential for increased dividends over the next 12 to 24 months contribute to a positive outlook for the institution.
Bears say
The analysis indicates a concern regarding M&T Bank's financial stability, primarily due to its slight decrease in the CET1 ratio to 11.50%, which, while above regulatory requirements, reflects potential vulnerability amid economic uncertainties. Furthermore, while total criticized loans have decreased, the bank remains exposed to negative impacts from unexpected interest rate movements and potential credit deterioration, which could adversely affect loan growth and profitability. The downside scenario suggests that a recession in 2024 could significantly elevate credit losses and further suppress earnings, contributing to a negative outlook for the bank.
This aggregate rating is based on analysts' research of M&T Bank and is not a guaranteed prediction by Public.com or investment advice.
M&T Bank (MTB) Analyst Forecast & Price Prediction
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