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$225.12$35.2B
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MTB logoM&T Bank Corporation(MTB)Earnings, Financials & Key Ratios

MTB•NYSE•Banking & Credit
13.2× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryBanks with large fee businesses
AboutM&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.Show more
  • Net Interest Income$6.95B+1.4%
  • Total Revenue$12.31B-8.2%
  • Net Income$2.85B+10.2%
  • Return on Equity9.8%+6.0%
  • Net Interest Margin3.25%-1.2%
  • Efficiency Ratio44.63%+12.6%
  • ROA1.35%+8.8%
  • Equity / Assets13.67%-2.0%
  • Book Value per Share186.37+7.4%

MTB Key Insights

M&T Bank Corporation (MTB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 44.6% efficiency ratio
  • ✓Well capitalized: 13.7% equity/assets
  • ✓Healthy dividend yield of 2.6%
  • ✓Share count reduced 6.4% through buybacks
  • ✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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MTB Price & Volume

M&T Bank Corporation (MTB) stock price & volume — 10-year historical chart

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MTB Growth Metrics

M&T Bank Corporation (MTB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.44%
5 Years14.4%
3 Years13.41%
TTM-

Profit CAGR

10 Years10.2%
5 Years16.07%
3 Years12.69%
TTM10.16%

EPS CAGR

10 Years9%
5 Years11.33%
3 Years13.82%
TTM16.54%

Return on Capital

10 Years9.77%
5 Years10%
3 Years9.33%
Last Year8.58%

MTB Recent Earnings

M&T Bank Corporation (MTB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 15, 2026
Metric
Actual
Est
EPS
$4.18+4.0%
$4.02
Rev
$2.4B+0.4%
$2.4B
Q1 2026
Jan 16, 2026
Metric
Actual
Est
EPS
$4.67+4.2%
$4.48
Rev
$2.5B+0.1%
$2.5B
Q4 2025
Oct 16, 2025
Metric
Actual
Est
EPS
$4.87+9.9%
$4.43
Rev
$2.5B+3.0%
$2.4B
Q3 2025
Jul 16, 2025
Metric
Actual
Est
EPS
$4.28+7.3%
$3.99
Rev
$2.4B+0.3%
$2.4B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 15, 2026
$4.18vs $4.02+4.0%
$2.4Bvs $2.4B+0.4%
Q1 2026Jan 16, 2026
$4.67vs $4.48+4.2%
$2.5Bvs $2.5B+0.1%
Q4 2025Oct 16, 2025
$4.87vs $4.43+9.9%
$2.5Bvs $2.4B+3.0%
Q3 2025Jul 16, 2025
$4.28vs $3.99+7.3%
$2.4Bvs $2.4B+0.3%
Based on last 12 quarters of dataView full earnings history →

MTB Peer Comparison

M&T Bank Corporation (MTB) competitors in Banks with large fee businesses — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CFG logoCFGCitizens Financial Group, Inc.Direct Competitor29.21B67.0817.38-9.71%16.42%7.16%0.43
HBAN logoHBANHuntington Bancshares IncorporatedDirect Competitor26.69B16.8612.134.38%17.71%10.04%0.76
RF logoRFRegions Financial CorporationDirect Competitor25.19B28.6212.502.51%22.44%11.43%0.26
KEY logoKEYKeyCorpDirect Competitor24.74B22.5914.8623.56%16.35%9.26%0.54
FITB logoFITBFifth Third BancorpDirect Competitor35.29B52.7414.90-1.4%19.61%11.96%0.67
CMA logoCMAComerica IncorporatedDirect Competitor11.35B88.6716.76-3.91%15.07%9.96%0.70
SNV logoSNVSynovus Financial Corp.Direct Competitor6.95B50.0516.521.16%24.05%14.45%0.35
USB logoUSBU.S. BancorpProduct Competitor90.47B58.1412.610.35%17.68%12.03%1.19

Compare MTB vs Peers

M&T Bank Corporation (MTB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CFG

Most directly comparable listed peer for MTB.

Scale Benchmark

vs JPM

Larger-name benchmark to compare MTB against a more recognizable public peer.

Peer Set

Compare Top 5

vs CFG, HBAN, RF, KEY

MTB Income Statement

M&T Bank Corporation (MTB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Net Interest Income
3.78B4.07B4.13B3.87B3.83B5.82B7.12B6.85B6.95B
NII Growth %
8.97%7.7%1.42%-6.39%-1.07%52.21%22.21%-3.7%1.4%
Net Interest Margin %
3.19%3.39%3.45%2.71%2.47%2.9%3.42%3.29%3.25%
Interest Income
4.17B4.6B4.88B4.19B3.94B6.25B10.22B11.03B10.49B
Interest Expense
386.75M526.41M749.33M326.39M114M425M3.11B4.17B3.54B
Loan Loss Provision
168M132M176M800M-75M517M645M610M-414M
Non-Interest Income
1.85B1.86B2.06B2.09B2.14B2.19B2.28B2.38B1.82B
Non-Interest Income %
30.76%28.75%29.7%33.25%35.17%25.97%18.25%17.75%14.81%
Total Revenue
6.02B▲ 0%
6.45B▲ 7.2%
6.94B▲ 7.5%
6.28B▼ 9.5%
6.08B▼ 3.3%
8.44B▲ 38.9%
12.51B▲ 48.2%
13.4B▲ 7.2%
12.31B▼ 8.2%
Revenue Growth %
5.19%7.24%7.54%-9.51%-3.27%38.87%48.22%7.18%-8.18%
Non-Interest Expense
3.14B3.29B3.47B3.39B3.58B4.88B5.13B5.31B5.49B
Efficiency Ratio
52.17%50.94%49.97%53.9%58.95%57.88%41.05%39.62%44.63%
Operating Income
2.32B▲ 0%
2.51B▲ 7.9%
2.55B▲ 1.6%
1.77B▼ 30.5%
2.46B▲ 38.7%
2.61B▲ 6.4%
3.62B▲ 38.6%
3.31B▼ 8.5%
3.69B▲ 11.5%
Operating Margin %
38.61%38.86%36.7%28.17%40.4%30.96%28.94%24.69%29.99%
Operating Income Growth %
12.9%7.93%1.56%-30.53%38.74%6.4%38.55%-8.54%11.54%
Pretax Income
2.32B▲ 0%
2.51B▲ 7.9%
2.55B▲ 1.6%
1.77B▼ 30.5%
2.46B▲ 38.7%
2.61B▲ 6.4%
3.62B▲ 38.6%
3.31B▼ 8.5%
3.69B▲ 11.5%
Pretax Margin %
38.61%38.86%36.7%28.17%40.4%30.96%28.94%24.69%29.99%
Income Tax
915.56M590.16M618.11M416.37M596M620M878M722M841M
Effective Tax Rate %
39.4%23.53%24.27%23.53%24.28%23.74%24.26%21.81%22.78%
Net Income
1.41B▲ 0%
1.92B▲ 36.2%
1.93B▲ 0.6%
1.35B▼ 29.9%
1.86B▲ 37.4%
1.99B▲ 7.2%
2.74B▲ 37.6%
2.59B▼ 5.6%
2.85B▲ 10.2%
Net Margin %
23.4%29.72%27.79%21.54%30.6%23.61%21.92%19.31%23.16%
Net Income Growth %
7.09%36.2%0.58%-29.86%37.38%7.15%37.6%-5.58%10.16%
Net Income (Continuing)
1.41B1.92B1.93B1.35B1.86B1.99B2.74B2.59B2.85B
EPS (Diluted)
8.70▲ 0%
12.74▲ 46.4%
13.75▲ 7.9%
9.94▼ 27.7%
13.80▲ 38.8%
11.53▼ 16.4%
15.79▲ 36.9%
14.64▼ 7.3%
17.00▲ 16.1%
EPS Growth %
11.83%46.44%7.93%-27.71%38.83%-16.45%36.95%-7.28%16.12%
EPS (Basic)
8.7212.7513.769.9413.8111.5915.8514.7117.10
Diluted Shares Outstanding
152.55M138.51M134.46M128.7M128.81M164.03M167M167.32M156.55M

MTB Balance Sheet

M&T Bank Corporation (MTB) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash & Short Term Investments
17.4B18.39B14.94B30.04B47.22B37.35B40.35B35.33B55.42B
Cash & Due from Banks
6.5B9.71B8.62B25.22B43.21B26.48B29.8B20.78B18.77B
Short Term Investments
10.9B8.68B6.32B4.82B3.96B10.75B10.44B14.45B36.65B
Total Investments
100.21B98.73B97.96B102.6B97.5B152.27B158.84B167.45B173.24B
Investments Growth %
-4.28%-1.47%-0.79%4.74%-4.97%56.17%4.31%5.42%3.46%
Long-Term Investments
89.31B90.05B91.64B97.78B93.55B141.52B148.4B153B136.59B
Accounts Receivables
000000000
Goodwill & Intangibles
4.66B4.64B4.62B4.61B4.6B8.7B8.61B8.56B8.53B
Goodwill
4.59B4.59B4.59B4.59B4.59B8.49B8.46B8.46B8.46B
Intangible Assets
71.59M47.07M29.03M14.16M4M209M147M94M64M
PP&E (Net)
646.45M647.41M1.14B1.16B1.14B1.65B1.74B1.71B0
Other Assets
5.01B4.77B5.64B7.77B7.51B8.93B6.36B9.51B12.98B
Total Current Assets
18.82B19.8B16.35B31.29B48.31B39.93B43.16B35.33B55.42B
Total Non-Current Assets
99.64B100.11B103.05B111.32B106.8B160.8B165.1B172.78B158.09B
Total Assets
118.59B▲ 0%
120.1B▲ 1.3%
119.87B▼ 0.2%
142.6B▲ 19.0%
155.11B▲ 8.8%
200.73B▲ 29.4%
208.26B▲ 3.8%
208.1B▼ 0.1%
213.51B▲ 2.6%
Asset Growth %
-3.93%1.27%-0.19%18.96%8.77%29.41%3.75%-0.08%2.6%
Return on Assets (ROA)
1.16%1.61%1.61%1.03%1.25%1.12%1.34%1.24%1.35%
Accounts Payable
1.59B1.64B2.34B2.17B2.13B4.38B4.52B00
Total Debt
8.49B12.84B7.05B4.44B3.53B7.52B13.52B13.66B13.06B
Net Debt
1.99B3.13B-1.57B-20.77B-39.68B-18.96B-16.28B-7.12B-5.71B
Long-Term Debt
7.72B8.04B6.88B4.38B3.49B3.96B8.2B12.61B10.91B
Short-Term Debt
771.97M4.81B164.04M59.48M47.05M3.56B5.32B1.06B2.15B
Other Liabilities
-175.1M0000004.32B0
Total Current Liabilities
94.8B96.6B97.27B122.03B133.72B171.45B173.11B162.16B173.42B
Total Non-Current Liabilities
7.54B8.04B6.88B4.38B3.49B3.96B8.2B16.92B10.91B
Total Liabilities
102.34B104.64B104.16B126.41B137.2B175.41B181.31B179.08B184.33B
Total Equity
16.25B▲ 0%
15.46B▼ 4.9%
15.72B▲ 1.7%
16.19B▲ 3.0%
17.9B▲ 10.6%
25.32B▲ 41.4%
26.96B▲ 6.5%
29.03B▲ 7.7%
29.18B▲ 0.5%
Equity Growth %
-1.43%-4.87%1.66%2.99%10.6%41.41%6.47%7.68%0.52%
Equity / Assets (Capital Ratio)
13.7%12.87%13.11%11.35%11.54%12.61%12.94%13.95%13.67%
Return on Equity (ROE)
8.6%12.1%12.38%8.48%10.91%9.22%10.49%9.25%9.8%
Book Value per Share
106.53111.62116.89125.77138.99154.35161.42173.48186.37
Tangible BV per Share
75.9578.1282.5189.97103.30101.32109.85122.33131.89
Common Stock
81.76M81.61M81.44M81.22M81.08M91M91M91M90M
Additional Paid-in Capital
6.59B6.58B6.59B6.62B6.63B10B10.02B10B10.01B
Retained Earnings
10.16B11.52B12.82B13.44B14.65B15.75B17.52B19.08B20.88B
Accumulated OCI
-363.81M-420.08M-206.68M-63.03M-127.58M-790M-459M-164M277M
Treasury Stock
-1.45B-3.53B-4.82B-5.14B-5.08B-1.75B-2.23B-2.37B-4.92B
Preferred Stock
1.23B1.23B1.25B1.25B1.75B2.01B2.01B2.39B2.83B

MTB Cash Flow Statement

M&T Bank Corporation (MTB) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations
2.78B2.09B2.36B789.19M2.71B4.57B3.9B3.61B3B
Operating CF Growth %
135.08%-24.88%12.81%-66.53%244.02%68.47%-14.63%-7.55%-16.81%
Net Income
1.41B1.92B1.93B1.35B1.86B1.99B2.74B2.59B2.85B
Depreciation & Amortization
197.13M179M301.31M320.29M324.21M435M497M508M498M
Deferred Taxes
400.79M15.86M57.55M-31.29M87.16M-30M-97M-27M0
Other Non-Cash Items
129.96M133.27M215.23M801.57M-77.09M372M400M620M-76M
Working Capital Changes
645.75M-156.36M-145.68M-1.65B521.72M1.8B364M-79M-406M
Cash from Investing
3.39B-1.41B727.01M-22.02B-13.63B16.59B-7.87B-550M-6.82B
Purchase of Investments
-1.81B-1.29B-1.5B-48.58M-2.31B-9.57B-4.5B-14.94B-9.38B
Sale/Maturity of Investments
3.37B3.13B4.95B2.59B2.07B2.55B2.93B8.01B6.85B
Net Investment Activity
1.56B1.83B3.45B2.54B-243M-7.01B-1.57B-6.94B-2.54B
Acquisitions
00000394M00-683M
Other Investing
1.91B-3.15B-2.55B-24.39B-13.24B23.43B-6.05B6.6B-2.4B
Cash from Financing
-6.08B-495.25M-3.25B21.35B10.7B-20.98B4.18B-2.88B1.8B
Dividends Paid
-530.14M-582.9M-619.59M-636.37M-648M-881M-968M-1.03B-1.04B
Share Repurchases
-1.21B-2.19B-1.73B-373.75M-495M-1.8B-594M-746M-2.63B
Stock Issued
00396M0495M00733M440M
Net Stock Activity
-1.21B-2.19B-1.34B-373.75M0-1.8B-594M-13M-2.19B
Debt Issuance (Net)
-1000K1000K-1000K-1000K-1000K1000K1000K1000K-1000K
Other Financing
-3.06B-2.26B4.59B25.03B11.71B-21.01B-230M-2.07B5.79B
Net Change in Cash
100.34M▲ 0%
184.55M▲ 83.9%
-169.13M▼ 191.6%
116.44M▲ 168.8%
-215M▼ 284.6%
182.67M▲ 185.0%
211M▲ 15.5%
178M▼ 15.6%
-2.01B▼ 1230.9%
Exchange Rate Effect
000000000
Cash at Beginning
1.32B1.42B1.61B1.44B1.55B1.34B1.52B1.73B20.78B
Cash at End
1.42B1.61B1.44B1.55B1.34B1.52B1.73B1.91B18.77B
Interest Paid
405.29M516.23M735.79M372.29M139M429M2.69B4.32B3.52B
Income Taxes Paid
494.2M375.12M320.51M275.56M314M488M452M236M0
Free Cash Flow
2.7B▲ 0%
1.99B▼ 26.3%
2.18B▲ 9.4%
616.9M▼ 71.7%
2.57B▲ 315.9%
4.36B▲ 69.9%
3.65B▼ 16.3%
3.39B▼ 7.0%
2.86B▼ 15.7%
FCF Growth %
151.27%-26.3%9.4%-71.7%315.91%69.91%-16.29%-6.99%-15.73%

MTB Banking Ratios

M&T Bank Corporation (MTB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)
8.05%8.6%12.1%12.38%8.48%10.91%9.22%10.49%9.25%9.8%
Return on Assets (ROA)
1.07%1.16%1.61%1.61%1.03%1.25%1.12%1.34%1.24%1.35%
Net Interest Margin
2.81%3.19%3.39%3.45%2.71%2.47%2.9%3.42%3.29%3.25%
Efficiency Ratio
53.26%52.17%50.94%49.97%53.9%58.95%57.88%41.05%39.62%44.63%
Equity / Assets
13.35%13.7%12.87%13.11%11.35%11.54%12.61%12.94%13.95%13.67%
Book Value / Share
104.81106.53111.62116.89125.77138.99154.35161.42173.48186.37
NII Growth
22.07%8.97%7.7%1.42%-6.39%-1.07%52.21%22.21%-3.7%1.4%
Dividend Payout
33.6%32.48%26.61%28.62%41.98%31.2%39.36%31.67%34.58%31.53%
Related:MTB Dividend History·MTB Revenue History·MTB Price History·MTB P/E History·MTB Financial Ratios·MTB Institutional Holders

MTB SEC Filings & Documents

M&T Bank Corporation (MTB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 15, 2026·SEC

Material company update

Mar 30, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

4
FY 2025

Oct 27, 2025·SEC

FY 2025

Aug 4, 2025·SEC

FY 2025

May 5, 2025·SEC

MTB Frequently Asked Questions

M&T Bank Corporation (MTB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

M&T Bank Corporation (MTB) saw revenue decline by 8.2% over the past year.

Yes, M&T Bank Corporation (MTB) is profitable, generating $2.85B in net income for fiscal year 2025 (23.2% net margin).

Dividend & Returns

Yes, M&T Bank Corporation (MTB) pays a dividend with a yield of 2.55%. This makes it attractive for income-focused investors.

M&T Bank Corporation (MTB) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

Industry Metrics

M&T Bank Corporation (MTB) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

M&T Bank Corporation (MTB) has an efficiency ratio of 44.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in MTB back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in MTB be worth today?

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