M&t Bank Corporation · NYSE:MTB
M&t Bank — Barclays Global Financial Services Conference 2017
18 slides from M&t Bank's conference presentation, Sep 13, 2017
Slide 1: Barclays Global Financial Services Conference
Barclays Global Financial Services Conference September 13, 2017 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer 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 typ
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 $121 billion at June 30, 2017 16,888 employees across 793 domestic branches in eight states and Washington DC 3.8 million customers representing 6.0 million accounts $
Slide 4: Key Ratios
Key Ratios 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 assets an
Slide 5: M&T's Business Model – a Historical Perspective
M&T’s Business Model – a Historical Perspective Years prior to 2011 not restated for LIHTC. Refer to appendix for peer group list and GAAP reconciliation.
Slide 6: Earning Asset Trends
Earning Asset Trends Interest-Earning Assets (Average Balances) ($ in billions) Q2 2017 Balance Q/Q Growth (%)1 Y/Y Growth (%) Loans: M&T Industry3 M&T Industry3 Commercial & Industrial $22.4 1% 5% 4% 4% Commercial Real Estate $33.2 0.5% 6% 10% 8% Residential Real Estate $21.3 (16%) 2% (14%) 4% Auto
Slide 7: Less Volatile Loan Growth Through Credit Cycles
Less Volatile Loan Growth Through Credit Cycles Commercial Real Estate Commercial and Industrial Notes: Reflects growth in loan balances for each year and annualized for 1Q17 and 2Q17. M&T data reflects average loan balances. Industry Commercial loans includes both “Commercial and Industrial Loans”
Slide 8: Core Deposit Trends – 2Q17
Core Deposit Trends – 2Q17 compared with 1Q16(1) Average total core deposits up 2.6% Consumer deposits down a net $3 billion, rates down 12 bps Higher cost Hudson City TDs maturing, rates down About 1/3 of outflows offset by higher legacy M&T balances Commercial & Business banking deposits up 2.2% T
Slide 9: TCE/TA vs. Peer Median: Low Return Volatility Validates Below Peer Capital
Notes: TCE/TA range , volatility, and minimums are from 2007-2016 annuals and Q2 2017. Volatility is calculated as standard deviation of ROTCE. Source: SNL Financial. TCE/TA vs. Peer Median: 2007 – Q2 2017 Low Return Volatility Validates Below Peer Capital Levels TCE/TA Above Peer Median TCE/TA Belo
Slide 10: Cumulative Capital Retained, Dividends and Share Repurchases
Cumulative Capital Retained, Dividends and Share Repurchases Deploying Capital Where and When it Makes Sense 2003 – 2007 Pre-Crisis Note: Calculated using Net Operating Income, less preferred dividends and discount amortization – see appendix M&T has maintained a consistent approach to managing its
Slide 11: Disciplined Approach to Acquisitions
Disciplined Approach to Acquisitions Source: SNL Financial, Company Filings Deal value at announcement and tangible common equity at most recent quarter before announcement Although M&T’s acquisitions of Provident and Wilmington were both less than $1.0 billion in deal value, they have been included
Slide 12: M&T Outlook Summary
M&T Outlook Summary Earning Asset / Loan Growth Loan growth trends seen over the first half of 2017 continuing into the third quarter Expect usual seasonal 3Q decline in dealer finance loans (C&I) Continue to expect low-single digit overall loan growth – full year 2017 average over 2016 Net Interest
Slide 13: Appendix and GAAP Reconciliations
Appendix and GAAP Reconciliations
Slide 14: Earnings & Dividend Growth: 1983-Q2 2017
Earnings & Dividend Growth: 1983-Q2 2017 15% Net Operating EPS CAGR 13% Dividend CAGR
Slide 15: 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 1983 Stock Prices Source: Compustat, Bigcharts.com, and/or Company website
Slide 16: 18.9% Annual rate of return since 1980
18.9% 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 CAGR calculated assuming reinvestment of dividends through June 30, 2017 Includes 563 U.S. based publically traded stocks $1,503 inves
Slide 17: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
Slide 18: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
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