trending Market Intelligence /marketintelligence/en/news-insights/trending/U6_qg8euSE-Qj9XqqwtUGA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

M&T expects up to 15% increase in loan loss provisions upon CECL adoption

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


M&T expects up to 15% increase in loan loss provisions upon CECL adoption

M&T Bank Corp. expects an increase of 5% to 15% in loan loss provisions upon adoption of new accounting standards, CFO Darren King said.

On a call to discuss third-quarter earnings, King said complying with the current expected credit loss model is expected to impact the bank's capital ratios by less than 10 basis points. The CFO also said during the call that the company will continue to execute its capital plan. M&T's board in July approved a plan to repurchase up to $1.64 billion of common shares through June 30, 2020.

CECL is a new accounting standard that requires loan loss reserves to be made at the point of loan origination instead of when a loss becomes likely. The Buffalo, N.Y.-based superregional bank is required to comply with the standard by Jan. 1, 2020, while smaller banks must comply by 2023.

King said M&T has completed its second parallel run and expects to disclose those preliminary results in its third-quarter Form 10-Q.