M&t Bank Corporation · NYSE:MTB
M&t Bank — BancAnalysts Association of Boston Conference 2019
20 slides from M&t Bank's conference presentation, Nov 8, 2019
Slide 1: BancAnalysts Association of Boston, Inc.
BancAnalysts Association of Boston, Inc. November 8, 2019 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?
Top 20 US-based, commercial bank holding company Substantial growth from $2 billion in assets in 1983 to $126 billion at September 30, 2019 17,863 employees across 734 domestic branches in eight states and Washington DC 4.1 million customers representing 6.2 million accounts $107 billion of assets u
Slide 4: M&T Operating Model
Stable Low-Cost Deposits Leading Market Share + Local Scale Lending Discipline Local Knowledge = Information Advantage Consistent Standards Throughout Cycle Efficient Operator Prudent Expense Management Return Oriented Capital Allocation Talent Focus Deep Expertise + Targeted External Hiring Profess
Slide 5: Leading Market Share and Stable Core Deposits
Source: S&P Global Market Intelligence *State of Delaware; In Market Deposits Only Leading Market Share and Stable Core Deposits Compact footprint with scale presence in core markets - supports deposit cost advantage Total Deposit Cost #1 or 2 Market Share in 7 of 10 largest markets #1 #1 #1 #2 #1 #
Slide 6: Banking Industry Trends
Banking Industry Trends Net Interest Margin, 1984-3Q 2019 Source: S&P Global Market Intelligence, FDIC Industry ROTCE / ROTA # of Banks
Slide 7: Performance Drives Long-Term Positioning
Performance Drives Long-Term Positioning Total Shareholder Return – Top 50 Banks of 1988 Source: FactSet, S&P Global Market Intelligence, American Banker, and Federal Reserve Notes: List based on largest bank holding companies by total assets in 1988 excluding independent banks and banks with foreig
Slide 8: Sustained Outperformance In Key Metrics
Sustained Outperformance In Key Metrics… ROTCE Source: S&P Global Market Intelligence For MTB, Years prior to 2011 not restated for LIHTC. Refer to appendix for peer group list and GAAP reconciliation. Net Interest Margin Efficiency Ratio NCOs / Average Loans
Slide 9: Key Metrics Relative to Peers: 3Q 2019 and Long-Term Average
Key Metrics Relative to Peers: 3Q 2019 and Long-Term Average Source: S&P Global Market Intelligence …With Top Quartile Performance in 2019
Slide 10: What's Kept Us Busy
Growing Talent Build Better: Journey Mapping, User Design, Value Chain Build Faster:Agile Development Go To Market Faster:Test & Learn, New Customer Teams Build Better: Data Science, User Design, Value Chain Build Faster: Journey Mapping, Agile Development Go To Market Faster: Test & Learn, New Cust
Slide 11: M&T Operating Model
Stable Low-Cost Deposits Leading Market Share + Local Scale Lending Discipline Local Knowledge = Information Advantage Consistent Standards Throughout Cycle Efficient Operator Prudent Expense Management Return Oriented Capital Allocation Talent Focus Deep Expertise + Targeted External Hiring Profess
Slide 12: Low Volatility in Returns
Low Volatility in Returns Source: S&P Global Market Intelligence ROTA range is from 1992-2019Q3 YTD and 2017 Metrics are adjusted for tax-reform related items. For MTB, 2017 excludes $85 mln in tax-reform related tax expense. Volatility is calculated as standard deviation of ROTA. ROTA Volatility 0.
Slide 13: M&T Bank Corporation…A Solid Investment
M&T Bank Corporation…A Solid Investment $1,468 invested in M&T in 1980 would be worth $1 million as of today CAGR calculated assuming reinvestment of dividends through September 30,2019 Includes 522 U.S. based publicly traded stocks 17.8% annual rate of return since 19801; in the top 30 of the entir
Slide 14: Appendix and GAAP Reconciliations
Appendix and GAAP Reconciliations
Slide 15: Notes on non-GAAP measures
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 assets and me
Slide 16: Earnings & Dividend Growth: 1983 – Q3 2019
15% Net Operating EPS CAGR 13% Dividend CAGR Earnings & Dividend Growth: 1983 – Q3 2019 Q3 ‘19 YTD
Slide 17: M&T Bank Corporation…a solid investment
M&T Bank Corporation…a solid investment (1) 1983 Stock Prices Source: Compustat, Bigcharts.com, and/or Company website Of the largest 100 banks operating in 1983, only 23 remain today; among the remaining, M&T ranks 1st in stock price growth
Slide 18: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
Slide 19: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures
Slide 20: 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.
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