What is M&T Bank Financial Strength?
M&T Bank has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
GuruFocus does not calculate 's interest coverage with the available data.M&T Bank's debt to revenue ratio for the quarter that ended in Jun. 2024 was 1.72.Altman Z-Score does not apply to banks and insurance companies.
M&T Bank Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
's Interest Expense for the months ended in Jun. 2024 was $-1,071 Mil. Its Operating Income for the months ended in Jun. 2024 was $0 Mil. And its for the quarter that ended in Jun. 2024 was $11,319 Mil.
's Interest Coverage for the quarter that ended in Jun. 2024 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
's Debt to Revenue Ratio for the quarter that ended in Jun. 2024 is
| Debt to Revenue Ratio | = | Total Debt (Q: Jun. 2024 ) | / | Revenue | ||
| = | ( | + | ) | / | Revenue | |
| = | (4500 | + | 11319) | / | 9208 | |
| = | 1.72 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
M&T Bank(NYSE:MTB) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
M&T Bank has the Financial Strength Rank of 4.
M&T Bank Financial Strength Related Terms
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M&T Bank Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Banks » » Definitions » Financial Strength
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Traded in Other Exchanges
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Address
One M&T Plaza, Buffalo, NY, USA, 14203
Website
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Executives
| John P Barnes | director | C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, BRIDGEPORT CT 06604 |
| Kirk W Walters | director | C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, 16TH FLOOR, BRIDGEPORT CT 06604 |
| Gary N Geisel | director | C/O PROVIDENT BANKSHARES CORP, 114 LEXINGTON STREET, BALTIMORE MD 21202 |
| Robert J Bojdak | officer: Executive Vice President | ONE FOUNTAIN PLAZA, BUFFALO NY 14203 |
| Doris P. Meister | officer: Executive Vice President | 1100 NORTH MARKET STREET, WILMINGTON DE 19801 |
| Daryl N. Bible | officer: Sr. EVP & CFO | 214 N TRYON STREET, CHARLOTTE NC 28202 |
| John R. Taylor | officer: EVP & Controller | ONE M&T PLAZA, BUFFALO NY 14203 |
| Ledgett Richard H. Jr. | director | 1052 ST. STEPHENS CHURCH ROAD, CROWNSVILLE MD 21032 |
| Carlton J. Charles | director | 300 WEST 57TH STREET, NEW YORK NY 10019 |
| Warman D Scott N | officer: Senior Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
| Michael J. Todaro | officer: Executive Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
| Michele D Trolli | officer: Exec. VP & Chief Info. Officer | 465 MAIN STREET, 8TH FLOOR, BUFFALO NY 14203 |
| Edna Jennifer Warren | officer: Executive Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
| Christopher E Kay | officer: Executive Vice President | 500 W MAIN STREET, LOUISVILLE KY 40202 |
| Kevin J Pearson | officer: Executive Vice President |
