M&T Bank Corporation, a well-known banking group, has been given a neutral rating by UBS.
The bank operates primarily through three business lines: Retail Banking, which contributes 61.2% of net interest income, offers a range of standard and specialized banking products and services, including leasing, factoring, and insurance.
Commercial Banking contributes 33.8% to the bank's income, while the Other segment, which includes corporate, institutional, and private clients, makes up the remaining 5%.
As of the end of 2023, M&T Bank reported current deposits totaling USD 131.9 billion and current loans amounting to USD 163.3 billion. This financial positioning highlights the bank's significant role in the banking sector, serving a diverse clientele across its various business lines.