Uncovering Potential: M&T Bank's Earnings Preview

M&T Bank (NYSE:MTB) is gearing up to announce its quarterly earnings on Thursday, 2024-10-17. Here's a quick overview of what investors should know before the release.

Analysts are estimating that M&T Bank will report an earnings per share (EPS) of $3.64.

Investors in M&T Bank are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Historical Earnings Performance

In the previous earnings release, the company beat EPS by $0.29, leading to a 1.27% drop in the share price the following trading session.

Here's a look at M&T Bank's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	3.50	3.13	3.49	3.94
EPS Actual	3.79	3.09	2.81	4.05
Price Change %	-1.0%	-3.0%	5.0%	-1.0%

Tracking M&T Bank's Stock Performance

Shares of M&T Bank were trading at $185.88 as of October 15. Over the last 52-week period, shares are up 57.78%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for M&T Bank visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.