M&t Bank Corporation · NYSE:MTB
M&t Bank — Barclays Global Financial Services Conference 2018
17 slides from M&t Bank's conference presentation, Sep 12, 2018
Slide 1: Barclays Global Financial Services Conference
Barclays Global Financial Services Conference September 12, 2018 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving M&T Bank Corporation’s (“M&T”) expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically iden
Slide 3: Who is M&T Bank Corporation?
Who is M&T Bank Corporation? Top 20 US-based, commercial bank holding company Substantial growth from $2 billion in assets in 1983 to $118 billion at June 30, 2018 17,100 employees across 766 domestic branches in eight states and Washington DC 3.8 million customers representing 5.9 million accounts
Slide 4: Key Ratios
Key Ratios Notes: The Efficiency Ratio and Pre-provision Net Revenue are non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures is available in the appendix. The Efficiency Ratio reflects non-interest expense (excluding amortization expense associated with intangible as
Slide 5: M&T's Business Model – a Historical Perspective
M&T’s Business Model – a Historical Perspective Net Interest Margin Operating Efficiency Ratio PPNR / RWA NCO / Average Loans
Slide 6: Operating Return on Tangible Common Equity: 2007 – 2Q 2018
Notes: ROTCE range is from 2007-2017 annuals and YTD 2018 and 2017 Metrics are adjusted for tax-reform related items. Volatility is calculated as standard deviation of ROTCE. Source: S&P Global Market Intelligence. Operating Return on Tangible Common Equity: 2007 – 2Q 2018 ROTCE Volatility 7.0% 3.3%
Slide 7: Focus on Growing Profitable Assets
Focus on Growing Profitable Assets 2016 2017 2Q ‘18 2016- 2Q ‘18 Chg. Total Earning Assets 3.49% 3.82% 4.28% +79 bps Commercial and Consumer Loans 3.98% 4.34% 4.88% +90 bps Residential Mortgages, Cash, and Securities 2.83% 2.98% 3.19% +36 bps $ in billions Earning Assets – Average Balances Earning A
Slide 8: Leading Deposit Market Share in Core Markets
Leading Deposit Market Share in Core Markets Source: S&P Global Market Intelligence Note: Retail deposits cap branch level deposits at $1B; YoY Deposit Cost represents change in cost of total deposits from Q2 2017 to Q2 2018 % of Retail Deposits in MSAs with Market Share > 15%
Slide 9: Prudent Capital Management
Total Payout Ratio – 2016 to 2Q 2018 Prudent Capital Management Notes: Payout ratios in relation to net income excluding merger-related charges and intangible amortization on an after-tax basis Refer to the appendix for the list of peers Source: Company reports and S&P Global Market Intelligence M&T
Slide 10: M&T Outlook Summary for 2018
M&T Outlook Summary for 2018 Earning Asset / Loan Growth Average loan growth for FY2018 approximately flat Low single-digit growth in commercial and consumer loans offset by continued residential mortgage runoff Expect usual seasonal pressures on floor plan balances in 3Q18 Net Interest Income / Mar
Slide 11: Appendix and GAAP Reconciliations
Appendix and GAAP Reconciliations
Slide 12: Earnings & Dividend Growth: 1983 – 1H 2018
Earnings & Dividend Growth: 1983 – 1H 2018 14% Net Operating EPS CAGR 13% Dividend CAGR 1H18
Slide 13: M&T Bank Corporation…a solid investment
Of the largest 100 banks operating in 1983, only 23 remain today. Among the remaining, M&T ranks 1st in stock price growth M&T Bank Corporation…a solid investment (1) 1983 Stock Prices Source: Compustat, Bigcharts.com, and/or Company website
Slide 14: M&T Bank Corporation…a solid investment
18.6% Annual rate of return since 19801 In the top 30 of the entire universe2 of U.S. based stocks traded publicly since 1980 M&T Bank Corporation…a solid investment $1,217 invested in M&T in 1980 would be worth $1 million as of today CAGR calculated assuming reinvestment of dividends through June 3
Slide 15: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
Slide 16: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
Slide 17: M&T Peer Group
BB&T Corporation PNC Financial Services Group, Inc. Comerica Incorporated Regions Financial Corporation Fifth Third Bancorp SunTrust Banks, Inc. Huntington Bancshares Incorporated Zions Bancorporation KeyCorp M&T Peer Group U.S. Bancorp M&T Bank Corporation Citizens Financial Group, Inc.
M&T Bank — Barclays Global Financial Services Conference 2018 on 6ix