M&T Bank Corporation (MTB-PJ) 10-Year Financial Performance & Capital Metrics

MTB-PJ • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutM&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.Show more

Net Interest Income $6.85B -3.7%
Total Revenue $13.4B +7.2%
Net Income $2.59B -5.6%
Return on Equity 9.25% -11.8%
Net Interest Margin 3.29% -3.6%
Efficiency Ratio 39.62% -3.5%
ROA 1.24% -7.3%
Equity / Assets 13.95% +7.8%
Book Value per Share 173.48 +7.5%
Tangible BV/Share 122.33 +11.4%
Debt/Equity 0.47 -6.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.6% efficiency ratio
✓Well capitalized: 13.9% equity/assets
✓Trading near 52-week high
✓Trading at only 0.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.96%

5Y14.07%

3Y30.18%

TTM-

Profit (Net Income) CAGR

10Y9.27%

5Y6.05%

3Y11.66%

TTM16.05%

EPS CAGR

10Y7.03%

5Y1.26%

3Y1.99%

TTM20.21%

ROCE

10Y Avg9.66%

5Y Avg9.92%

3Y Avg9.9%

Latest8.16%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	2.84B	3.47B	3.78B	4.07B	4.13B	3.87B	3.83B	5.82B	7.12B	6.85B
NII Growth %	0.06%	0.22%	0.09%	0.08%	0.01%	-0.06%	-0.01%	0.52%	0.22%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	3.17B	3.9B	4.17B	4.6B	4.88B	4.19B	3.94B	6.25B	10.22B	11.03B
Interest Expense	328.26M	425.98M	386.75M	526.41M	749.33M	326.39M	114M	425M	3.11B	4.17B
Loan Loss Provision	170M	190M	168M	132M	176M	800M	-75M	517M	645M	610M
Non-Interest Income+	1.83B	1.83B	1.85B	1.86B	2.06B	2.09B	2.14B	2.19B	2.28B	2.38B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	5B	5.72B	6.02B	6.45B	6.94B	6.28B	6.08B	8.44B	12.51B	13.4B
Revenue Growth %	0.05%	0.15%	0.05%	0.07%	0.08%	-0.1%	-0.03%	0.39%	0.48%	0.07%
Non-Interest Expense	2.82B	3.05B	3.14B	3.29B	3.47B	3.39B	3.58B	4.88B	5.13B	5.31B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	1.67B	2.06B	2.32B	2.51B	2.55B	1.77B	2.46B	2.61B	3.62B	3.31B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.02%	0.23%	0.13%	0.08%	0.02%	-0.31%	0.39%	0.06%	0.39%	-0.09%
Pretax Income+	1.67B	2.06B	2.32B	2.51B	2.55B	1.77B	2.46B	2.61B	3.62B	3.31B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	595.02M	743.28M	915.56M	590.16M	618.11M	416.37M	596M	620M	878M	722M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.08B	1.32B	1.41B	1.92B	1.93B	1.35B	1.86B	1.99B	2.74B	2.59B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.01%	0.22%	0.07%	0.36%	0.01%	-0.3%	0.37%	0.07%	0.38%	-0.06%
Net Income (Continuing)	1.08B	1.32B	1.41B	1.92B	1.93B	1.35B	1.86B	1.99B	2.74B	2.59B
EPS (Diluted)+	7.18	7.78	8.70	12.74	13.75	9.94	13.80	11.53	15.79	14.64
EPS Growth %	-0.03%	0.08%	0.12%	0.46%	0.08%	-0.28%	0.39%	-0.16%	0.37%	-0.07%
EPS (Basic)	7.22	7.80	8.72	12.75	13.76	9.94	13.81	11.59	15.85	14.71
Diluted Shares Outstanding	137.53M	157.3M	152.55M	138.51M	134.46M	128.7M	128.81M	164.03M	167M	167.32M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	8.96B	6.32B	6.5B	9.71B	8.62B	25.22B	43.21B	26.48B	29.8B	20.78B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	100.84B	104.7B	100.21B	98.73B	97.96B	102.6B	97.5B	152.27B	158.84B	167.45B
Investments Growth %	0.3%	0.04%	-0.04%	-0.01%	-0.01%	0.05%	-0.05%	0.56%	0.04%	0.05%
Long-Term Investments	88.59B	91.36B	89.31B	90.05B	91.64B	97.78B	93.55B	141.52B	148.4B	153B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.59B	4.59B	4.59B	4.59B	4.59B	4.59B	4.59B	8.49B	8.46B	8.46B
Intangible Assets	140.27M	97.66M	71.59M	47.07M	29.03M	14.16M	4M	209M	147M	94M
PP&E (Net)	666.68M	675.26M	646.45M	647.41M	1.14B	1.16B	1.14B	1.65B	1.74B	1.71B
Other Assets	6.24B	5.65B	5.15B	4.96B	6.12B	7.77B	7.56B	9.05B	6.46B	9.51B
Total Current Assets	22.56B	21.07B	18.95B	19.99B	16.35B	31.29B	48.31B	39.93B	43.16B	35.33B
Total Non-Current Assets	99.96B	102.05B	99.64B	100.11B	103.05B	111.32B	106.8B	160.8B	165.1B	172.78B
Total Assets+	122.79B	123.45B	118.59B	120.1B	119.87B	142.6B	155.11B	200.73B	208.26B	208.1B
Asset Growth %	0.27%	0.01%	-0.04%	0.01%	-0%	0.19%	0.09%	0.29%	0.04%	-0%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	1.87B	1.81B	1.59B	1.64B	2.34B	2.17B	2.13B	4.38B	4.52B	0
Total Debt+	12.79B	9.82B	8.49B	12.84B	7.05B	4.44B	3.53B	7.52B	13.52B	13.66B
Net Debt	3.82B	3.5B	1.99B	3.13B	-1.57B	-20.77B	-39.68B	-18.96B	-16.28B	-7.12B
Long-Term Debt	8.75B	8.41B	7.72B	8.04B	6.88B	4.38B	3.49B	3.96B	8.2B	12.61B
Short-Term Debt	4.03B	1.41B	771.97M	4.81B	164.04M	59.48M	47.05M	3.56B	5.32B	1.06B
Other Liabilities	0	-163.44M	-175.1M	0	0	0	0	0	0	4.32B
Total Current Liabilities	97.86B	98.72B	94.8B	96.6B	97.27B	122.03B	133.72B	171.45B	173.11B	162.16B
Total Non-Current Liabilities	8.75B	8.25B	7.54B	8.04B	6.88B	4.38B	3.49B	3.96B	8.2B	16.92B
Total Liabilities	106.61B	106.96B	102.34B	104.64B	104.16B	126.41B	137.2B	175.41B	181.31B	179.08B
Total Equity+	16.17B	16.49B	16.25B	15.46B	15.72B	16.19B	17.9B	25.32B	26.96B	29.03B
Equity Growth %	0.31%	0.02%	-0.01%	-0.05%	0.02%	0.03%	0.11%	0.41%	0.06%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.09%	0.12%	0.12%	0.08%	0.11%	0.09%	0.1%	0.09%
Book Value per Share	117.60	104.81	106.53	111.62	116.89	125.77	138.99	154.35	161.42	173.48
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	82.15M	82.12M	81.76M	81.61M	81.44M	81.22M	81.08M	91M	91M	91M
Additional Paid-in Capital	6.68B	6.68B	6.59B	6.58B	6.59B	6.62B	6.63B	10B	10.02B	10B
Retained Earnings	8.43B	9.22B	10.16B	11.52B	12.82B	13.44B	14.65B	15.75B	17.52B	19.08B
Accumulated OCI	-251.63M	-294.64M	-363.81M	-420.08M	-206.68M	-63.03M	-127.58M	-790M	-459M	-164M
Treasury Stock	0	-431.8M	-1.45B	-3.53B	-4.82B	-5.14B	-5.08B	-1.75B	-2.23B	-2.37B
Preferred Stock	1.23B	1.23B	1.23B	1.23B	1.25B	1.25B	1.75B	2.01B	2.01B	2.39B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.74B	1.18B	2.78B	2.09B	2.36B	789.19M	2.71B	4.57B	3.9B	3.61B
Operating CF Growth %	0.59%	-0.32%	1.35%	-0.25%	0.13%	-0.67%	2.44%	0.68%	-0.15%	-0.08%
Net Income	1.08B	1.32B	1.41B	1.92B	1.93B	1.35B	1.86B	1.99B	2.74B	2.59B
Depreciation & Amortization	175.35M	200.59M	197.13M	179M	301.31M	320.29M	324.21M	435M	497M	508M
Deferred Taxes	396.6M	174.01M	400.79M	15.86M	57.55M	-31.29M	87.16M	-30M	-97M	-27M
Other Non-Cash Items	111.27M	147.81M	129.96M	133.27M	215.23M	801.57M	-77M	372M	400M	620M
Working Capital Changes	-20.47M	-654.12M	645.75M	-156.36M	-145.68M	-1.65B	521.72M	1.8B	364M	-79M
Cash from Investing+	7.71B	-720.77M	3.39B	-1.41B	727.01M	-22.02B	-13.63B	16.59B	-7.87B	-550M
Purchase of Investments	-3.74B	-3.78B	-1.81B	-1.29B	-1.5B	-48.58M	-2.31B	-9.57B	-4.5B	-14.94B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-1.93B	0	0	0	0	0	0	394M	0	0
Other Investing	4.58B	89.69M	1.91B	-3.15B	-2.55B	-24.39B	-13.24B	23.43B	-6.05B	6.6B
Cash from Financing+	-9.46B	-510.13M	-6.08B	-495.25M	-3.25B	21.35B	10.7B	-20.98B	4.18B	-2.88B
Dividends Paid	-456.29M	-523.16M	-530.14M	-582.9M	-619.59M	-636.37M	-648M	-881M	-968M	-1.03B
Share Repurchases	-3.27B	-1.14B	-1.21B	-2.19B	-1.35B	-373.75M	-495M	-1.8B	-594M	-396M
Stock Issued	3.11B	495M	0	0	0	0	495M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	574.16M	3.72B	-3.06B	-2.26B	4.59B	25.03B	11.71B	-21.01B	-230M	-2.07B
Net Change in Cash+	-5.32M	-47.49M	100.34M	184.55M	-169.13M	116.44M	-215M	182.67M	211M	178M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.37B	1.37B	1.32B	1.42B	1.61B	1.44B	1.55B	1.34B	1.52B	1.73B
Cash at End	1.37B	1.32B	1.42B	1.61B	1.44B	1.55B	1.34B	1.52B	1.73B	1.91B
Interest Paid	400.33M	498.95M	405.29M	516.23M	735.79M	372.29M	139M	429M	2.69B	4.32B
Income Taxes Paid	378.66M	276.87M	494.2M	375.12M	320.51M	275.56M	314M	488M	452M	236M
Free Cash Flow+	1.66B	1.08B	2.7B	1.99B	2.18B	616.9M	2.57B	4.36B	3.65B	3.39B
FCF Growth %	0.62%	-0.35%	1.51%	-0.26%	0.09%	-0.72%	3.16%	0.7%	-0.16%	-0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.57%	8.05%	8.6%	12.1%	12.38%	8.48%	10.91%	9.22%	10.49%	9.25%
Return on Assets (ROA)	0.98%	1.07%	1.16%	1.61%	1.61%	1.03%	1.25%	1.12%	1.34%	1.24%
Net Interest Margin	2.32%	2.81%	3.19%	3.39%	3.45%	2.71%	2.47%	2.9%	3.42%	3.29%
Efficiency Ratio	56.51%	53.26%	52.17%	50.94%	49.97%	53.9%	58.95%	57.88%	41.05%	39.62%
Equity / Assets	13.17%	13.35%	13.7%	12.87%	13.11%	11.35%	11.54%	12.61%	12.94%	13.95%
Book Value / Share	117.6	104.81	106.53	111.62	116.89	125.77	138.99	154.35	161.42	173.48
NII Growth	6.21%	22.07%	8.97%	7.7%	1.42%	-6.39%	-1.07%	52.21%	22.21%	-3.7%
Dividend Payout	34.73%	33.6%	32.48%	26.61%	28.62%	41.98%	31.2%	39.36%	31.67%	34.58%

Revenue by Segment

	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Retail Banking	1.22B	1.25B	1.18B	1.08B	1.24B	1.4B	1.54B	1.68B	1.72B	1.46B
Retail Banking Growth	-	2.88%	-5.51%	-9.03%	15.36%	12.50%	10.21%	8.80%	2.50%	-14.72%
Commercial Banking	904.56M	1.01B	1.02B	1.01B	1.04B	1.06B	1.09B	1.11B	1.12B	1.14B
Commercial Banking Growth	-	11.38%	1.44%	-1.66%	3.85%	1.63%	3.01%	1.64%	0.70%	2.01%
Commercial Real Estate	567.09M	664.52M	701.68M	667.04M	720.87M	788.09M	819.34M	849.17M	907.5M	882.26M
Commercial Real Estate Growth	-	17.18%	5.59%	-4.94%	8.07%	9.32%	3.97%	3.64%	6.87%	-2.78%
Residential Mortgage Banking	248.2M	480.27M	423.97M	421.51M	400.04M	413.51M	351.92M	319.49M	413.38M	568.26M
Residential Mortgage Banking Growth	-	93.50%	-11.72%	-0.58%	-5.09%	3.37%	-14.90%	-9.21%	29.39%	37.47%
Business Banking	430.24M	450.35M	428.47M	422.73M	447.05M	463.12M	506.46M	546.18M	565.16M	566.45M
Business Banking Growth	-	4.67%	-4.86%	-1.34%	5.75%	3.59%	9.36%	7.84%	3.48%	0.23%
Discretionary Portfolio	161.8M	-9.81M	64.03M	101.67M	114.2M	372M	300.95M	218.36M	236.73M	485.1M
Discretionary Portfolio Growth	-	-106.06%	752.71%	58.78%	12.32%	225.75%	-19.10%	-27.44%	8.41%	104.92%

Revenue by Geography

	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
All Other	443.4M	420.5M	714.79M	-	-	-	-	-	-	-
All Other Growth	-	-5.17%	69.99%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

M&T Bank Corporation (MTB-PJ) has a price-to-earnings (P/E) ratio of 1.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

M&T Bank Corporation (MTB-PJ) grew revenue by 7.2% over the past year. This is steady growth.

Yes, M&T Bank Corporation (MTB-PJ) is profitable, generating $2.77B in net income for fiscal year 2024 (19.3% net margin).

Dividend & Returns

Yes, M&T Bank Corporation (MTB-PJ) pays a dividend with a yield of 20.12%. This makes it attractive for income-focused investors.

M&T Bank Corporation (MTB-PJ) has a return on equity (ROE) of 9.2%. This is below average, suggesting room for improvement.

Industry Metrics

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

M&T Bank Corporation (MTB-PJ) has an efficiency ratio of 39.6%. This is excellent, indicating strong cost control.

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