(MTB) M&T Bank - *Top Pick*

Report Created 1/11/16

MTB Investor Page

Market Cap: $14.68 B

Today's Share Price: 109.13

P/E: 14.73

2014 EPS: $7.42 = 6.7%

Dividend: $2.80 =2.57%

Tangible Book Value: $7.5 Billion *

*2014 10-K - Page 45 for asset report

Why we Like MTB:

1. M&T is an excellent place to bank. Their customer service is first rate. 
2. Their dividend pay out is very strong.  
3. Their P/E ratio is higher than we would like, but within acceptable ranges.  

Why we are Cautious:

1. Market capitalization is somewhat high.
2. M&T has been aggresively expanding. Recent acquisitions have been challenged by regulatory and anti-monopoly authorities
3. Banks are notoriously difficult to decipher