M&T Bank EPS Expected to Rise Despite Slight 2024 Dip

M&T Bank stock shows strong growth ahead. Analysts predict a profit of $3.71 per share for Q4, a 32% increase year-on-year. EPS is projected to decline in 2024 but may rebound by 2025, indicating potential stability.

Date: 02-01-2025

AI Rating: 6

Earnings Per Share (EPS) forecasts for M&T Bank highlight contrasting expectations with a projected Q4 profit of $3.71 per share, reflecting a robust increase of 32% from last year’s $2.81. Nevertheless, analysts predict a decline in EPS for fiscal 2024 to $14.62, down 9.1% from $16.08 in 2023. On a positive note, fiscal 2025 sees an anticipated rise in EPS to $16.41, indicating a possible recovery.

Stock Performance has been impressive, with M&T Bank’s shares surging 37.2% over the past year, outperforming both the S&P 500 Index (23.3%) and the Financial Select Sector SPDR Fund (28.5%). After reporting strong Q3 earnings with a net operating EPS of $4.08 exceeding estimates, the stock jumped 5% in response.

Analyst Consensus on M&T Bank stock is categorized as “Moderate Buy,” with 19 analysts suggesting nine as “Strong Buy,” one “Moderate Buy,” eight “Hold,” and one “Strong Sell.” The projected average analyst price target of $229.87 presents a potential upside of 22.3% from the current price.

Stocks: MTB