Denis Salamone - MT Bank Independent Director

MTB Stock  USD 220.80  0.05  0.02%   

Director

Mr. Denis J. Salamone is Independent Director of the Company. Mr. Salamone joined MTs Board of Directors effective with the closing of MTs acquisition of Hudson City Bancorp, Inc. and Hudson City Savings Bank in November 2015. He was elevated to serve as Chairman and Chief Executive Officer of Hudson City from September 2014 until November 1, 2015 following the unexpected death of Hudson Citys prior Chairman and Chief Executive Officer, and prior to the closing of the acquisition of Hudson City by MT. Mr. Salamone joined Hudson City in 2001 as Senior Executive Vice President and served on its Board of Directors. Between 2002 and 2014, he held several senior executive positions at Hudson City, including President and Chief Operating Officer. Prior to joining Hudson City, Mr. Salamone was an accountant with PricewaterhouseCoopers LLP for 26 years until 2001, 16 years as a partner where he served as the Global Financial Services leader for Audit and Business Advisory Services. Mr. Salamone is a member of the American Institute of CPAs and a member of the New York State Society of CPAs. He serves as Chairman of the Board of Trustees for St. Francis College in Brooklyn Heights, New York, as Chairman of the Board of Trustees of the Ridgewood, New Jersey YMCA, as a trustee of the Valley Hospital in Ridgewood, New Jersey and as a trustee of Table to Table in Englewood Cliffs, New Jersey. Mr. Salamone is a director of MT Bank and a member of its Examining Committee since 2015.
Age 67
Tenure 9 years
Address One M&T Plaza, Buffalo, NY, United States, 14203
Phone716 635 4000
Webhttps://www3.mtb.com
Salamone has more than 35 years of experience in the financial services industry and brings significant accounting skills and knowledge of financial reporting and risk management. He holds a BS in Accounting from St. Francis College.

MT Bank Management Efficiency

The company has Return on Asset of 0.0114 % which means that on every $100 spent on assets, it made $0.0114 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0868 %, implying that it generated $0.0868 on every 100 dollars invested. MT Bank's management efficiency ratios could be used to measure how well MT Bank manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.12, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, MT Bank's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 177.7 B, whereas Non Current Assets Total are forecasted to decline to about 5.3 B.
MT Bank has 13.2 B in debt with debt to equity (D/E) ratio of 6.59, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for MTB to invest in growth at high rates of return.

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MT Bank Corporation operates as a bank holding company that provides commercial and retail banking services. MT Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York. MT Bank operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 22879 people. MT Bank (MTB) is traded on New York Stock Exchange in USA. It is located in One M&T Plaza, Buffalo, NY, United States, 14203 and employs 21,986 people. MT Bank is listed under Regional Banks category by Fama And French industry classification.

Management Performance

MT Bank Leadership Team

Elected by the shareholders, the MT Bank's board of directors comprises two types of representatives: MT Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MTB. The board's role is to monitor MT Bank's management team and ensure that shareholders' interests are well served. MT Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MT Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Francesco Lagutaine, Senior Vice President Chief Marketing and Communications Officer
Sarah Knakmuhs, Chief Officer
Glenn Jackson, Group Vice President Chief Diversity Officer
Michael Todaro, Executive Vice President, Chief Risk Officer
Michele Trolli, Executive Vice President and head of corporate operations and enterprise initiatives
Melinda Rich, Independent Director
Newton Merrill, Independent Director
Eugene MSc, Senior Executive
Robert Sadler, Independent Director
Gino Martocci, Executive Vice President
Tracy Woodrow, Chief Human Resource Officer, Executive Vice President
Hugh Giorgio, Head Banking
Michael Spychala, Controller VP
John Barnes, Director
John Hawke, Independent Director
John Rumschik, Senior President
Charles Pinckney, Regional Market
David Hollis, Senior Officer
Robert Bojdak, Executive Vice President Chief Credit Officer
Doris Meister, Executive Vice President
Daryl Bible, Senior Officer
Richard Ledgett, Independent Director
C Bontempo, Independent Director
Edward Tierney, Senior President
Denis Salamone, Independent Director
Herbert Washington, Independent Director
Calvin Butler, Independent Director
Marianne Roche, Chief Mang
Richard Grossi, Independent Director
Laura OHara, Senior Vice President General Counsel
Rene Jones, Chairman of the Board, Chief Executive Officer
Jennifer Warren, Executive Vice President
Leslie Godridge, Independent Director
William Farrell, Executive Vice President
Angelo D, Executive Vice President and director of environmental, social, and governance
Darren King, Chief Financial Officer, Executive Vice President
Krik Walters, Director
Julianne Urban, Senior Auditor
John Scannell, Independent Director
Brian Klock, Senior Vice President
Gary Geisel, Independent Director
Rene CPA, Chairman CEO
Christopher Kay, Executive Vice President and Head of Consumer Banking, Business Banking and Marketing
Aarthi Murali, Chief Customer Experience Officer
Richard Gold, Chief Risk Officer,Executive VP, Vice Chairman of MandT Bank and Chief Risk Officer of MandT Bank
Christopher JD, Senior Platforms
Laura JD, Senior Officer
Kevin Pearson, Executive VP, Vice Chairman of MandT Bank and Executive VP of The MandT Bank
Rudina Seseri, Independent Director
Daryl CFA, Senior CFO
Janet Coletti, Executive Vice President
T Cunningham, Independent Director
Jane Chwick, Director
David Scharfstein, Independent Director
Michael Wisler, Senior Officer
Grace Lee, Regional Banking
Robert Brady, Non-Executive Vice Chairman of the Board, Lead Independent Director
D Warman, Executive Vice President Treasurer
William Cruger, Director
Matthew Calhoun, Senior Network

MTB Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is MT Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether MT Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MT Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mt Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mt Bank Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MT Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade MTB Stock refer to our How to Trade MTB Stock guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MT Bank. If investors know MTB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MT Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.01
Dividend Share
5.3
Earnings Share
13.51
Revenue Per Share
51.04
Quarterly Revenue Growth
0.012
The market value of MT Bank is measured differently than its book value, which is the value of MTB that is recorded on the company's balance sheet. Investors also form their own opinion of MT Bank's value that differs from its market value or its book value, called intrinsic value, which is MT Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MT Bank's market value can be influenced by many factors that don't directly affect MT Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MT Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if MT Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MT Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.