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M&T Bank Corporation Announces Preliminary Stress Capital Buffer
MTBM&T(MTB) Prnewswire·2024-06-29 04:50

The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%. "The results of this year's stress test reflect the strength of the company's core earnings power, capital, and ongoing risk management work, including the reduction in the commercial real estate concentration," said Daryl Bible, M&T's Chief Financial Officer. "This strong capital position supports organic growth, as well as growth in new c ...