COMPANY PROFILE -M&T Bank Corporation
Business Sector :Banking & Financial Services
Operating Geography :United States, North America
About M&T Bank Corporation :
M&T Bank Corporation is an American Bank which operates in 780 branches in New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, Washington, D.C., and Connecticut. It is headquartered in Buffalo, New York. The company has more than $120 billion in assets and provides insurance, investments, banking, mortgage and commercial financial services through more than 780 branches, 1800 ATMs, and a variety of online and mobile services. As of 2019, the company provided services to 16,840 employees. In 1856, the company was founded in Western New York State as "Manufacturers and Traders Trust Company" and opened its first branch on 29 August. M&T Bank possess the Buffalo Savings Bank building in downtown Buffalo and also underwrite M&T Bank Stadium, home of the Baltimore Ravens. Wilmington Trust is a subsidiary of M&T Bank Corporation, providing global corporate and institutional services, investment management, private banking, and fiduciary services. M&T Securities, Inc. maintains a full-service Fixed Income Trading Desk, which specializes in U.S. government, municipal and corporate bonds. M&T has a long history of providing financing and making investments that expand affordable housing and support the growth of small business and supports its communities through lending and investments, which bolster small businesses and create jobs. It has an employee strength of around 17,373 employees as of Jan 2021. On January 26, 2021 the SBA recognized M&T as the top PPP lender.
M&T Bank Corporation's Unique Selling Proposition or USP lies in it being one of the nation's best-performing regional banks. M&T Bank Corporation's mission statement reads, "M&T Bank is an organization with one clear purpose: to make a difference in people's lives".
M&T Bank Corporation Revenue :
$5.95 billion – Dec 31st 2020 (y-o-y growth -3.87%)
$6.19 billion – Dec 31st 2019 (y-o-y growth 4.18%)
$5.93 billion – Dec 31st 2018
Competitive Analysis of M&T Bank Corporation
The SWOT analysis for M&T Bank Corporation is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. Widespread presence in domestic market with over 690 branches and 1500 ATM’s
2. Offers a wide product portfolio under its umbrella
3. Consistent financial growth through increase in net income and per share value
4. Continuous focus on customers & communities
5. Superior credit results through multiple economic cycles
| 1. Operational in few states of US also restricting its growth
2. Frequent technical issues affecting online banking
|
Opportunities | Threats |
1. Bold transformation will lead to expansion in market share and net profit
2. Asset management will be the game changer in terms of revenue for M&P Bank
3. Digitization to drive growth in community banking
| 1. New entrants of neo-banks are attracting customers, thus reducing the market share |
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Detailed SWOT Analysis of M&T Bank Corporation
Strength
1. Widespread presence in domestic market with over 690 branches and 1500 ATM’s:
M&T Bank was founded in 1856 in New York. It is featured and ranked 462 in Fortune 500 and has been reporting profit in every consecutive quarter since 1976. It has been committed to the welfare of local communities and customers for more than 150 years. M&T Bank has over 690 branches and 1500 ATMS operational in New York, New Jersey, Connecticut, Washington DC, Pennsylvania, Virginia, Florida, Maryland and Delaware. The Buffalo based bank has built strong and dense presence in these states along the eastern part of U.S. It has been serving this neighborhood by helping people and business, manage their money and help them make sound financial decision
2. Offers a wide product portfolio under its umbrella:M&T has a business model where product and services are offered to customers based on personal, business or commercial banking. In Personal Banking segment M&T offers checking account, savings account, credit cards, debit cards, mortgages, car loan, personal loan and student loan. It also offers services like investment and retirement plans, insurance and wealth management. Similarly, M&T offers various products and services under its business and commercial banking division.
Weakness
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Opportunity
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Threats
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The PESTLE / PESTEL analysis for M&T Bank Corporation is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. M&T Bank addresses challenges in Baltimore.
2. US China trade war has been impacting banking sector.
| 1. Low-interest loans for small businesses during pandemic |
Social | Technological |
1. Shifting of traditional banking users towards digital and neo-banking.
2. Introduction of open banking system in US will give consumers more freedom.
| 1. Training youths and graduates on technology development program to empower their digital transformation.
2. Focusing on innovation, M&T creates tech start-ups.
|
Legal | Environmental |
1. M&T Bank faces regulatory charges from EEOC and ERISA resulting to pay hefty fine. | 1. Combating climate change through lending or financing eco-friendly companies. |
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Detailed Pestle Analysis of M&T Bank Corporation
Political
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Economic
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Social
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Technological
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Legal
1. M&T Bank faces regulatory charges from EEOC and ERISA resulting to pay hefty fine:
M&T Bank has had a history of violating regulations and found guilty by different regulatory bodies. EEOC (Equal Employee Opportunity Commission) is a federal agency which monitors and enforces regulation against workplace discrimination. M&T Bank failed to reassign job to a disabled bank manager who had to go on leave due to pregnancy. This escalated quickly because when the manager wanted to join they had 24 vacant posts for the designated role of manager. U.S. District Court has directed M&T Bank to pay $100,000 to the manager and also advised to ensure that other qualified people get reassigned or transfer. Similarly under ERISA (Employee Retirement Income Security Act), a federal tax and labor law, M&T Bank agreed to settle a lawsuit by paying $20.85 million.
Environmental
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MandT Bank Corporation SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in M&T Bank Corporation SWOT & PESTLE Analysis Report
1. M &T Bank Message to Shareholders - https://ir.mtb.com/static-files/ab997abc-b5eb-4a01-8613-8d22ea291137
2. Bank Branches and ATMs | M&T Bank - https://locations.mtb.com/search?lat=23.6558623&lng=86.15013069999999&rad=100
3. Investor Update Fourth Quarter 2020 - https://ir.mtb.com/static-files/63ba0396-30f8-40ea-9da2-5769e2e34bc6
4. M&T Bank resolves technical issues affecting online banking - https://www.wgrz.com/article/money/business/mt-bank-works-to-resolve-technical-issue-affecting-online-banking/71-21d842da-b3ed-419a-9a80-ec2db7b23a16
5. Realizing the promise of industry 4.0 at Hannover Messe 2021 - https://home.kpmg/xx/en/home/insights/2021/04/realizing-the-promise-of-industry-4-at-hannover-messe-2021.html
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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M&T Bank Corporation SWOT and PESTLE Analysis has been conducted by Akshay Mohan and reviewed by senior analysts from Barakaat Consulting.
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