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Mar 30, 2026·SEC
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M&T Bank Corporation (MTB-PJ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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M&T Bank Corporation (MTB-PJ) stock price & volume — 10-year historical chart
M&T Bank Corporation (MTB-PJ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
M&T Bank Corporation (MTB-PJ) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 15, 2026 | $4.13vs $4.02+2.7% | $2.4Bvs $2.4B+0.4% |
| Q1 2026 | Jan 16, 2026 | $4.67vs $4.48+4.2% | $2.5Bvs $2.5B+0.1% |
| Q4 2025 | Oct 16, 2025 | $5.06vs $4.43+14.2% | $3.5Bvs $2.4B+41.6% |
| Q3 2025 | Jul 16, 2025 | $4.47vs $3.99+12.0% | $3.3Bvs $2.4B+34.8% |
M&T Bank Corporation (MTB-PJ) competitors in Banks with large fee businesses — business model, growth, and fundamentals comparison
M&T Bank Corporation (MTB-PJ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
M&T Bank Corporation (MTB-PJ) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 3.78B | 4.07B | 4.13B | 3.87B | 3.83B | 5.82B | 7.12B | 6.85B | 6.95B |
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 | 4.17B | 4.6B | 4.88B | 4.19B | 3.94B | 6.25B | 10.22B | 11.03B | 10.49B |
Interest Expense | 386.75M | 526.41M | 749.33M | 326.39M | 114M | 425M | 3.11B | 4.17B | 3.54B |
Loan Loss Provision | 168M | 132M | 176M | 800M | -75M | 517M | 645M | 610M | -414M |
Non-Interest Income | 1.85B | 1.86B | 2.06B | 2.09B | 2.14B | 2.19B | 2.28B | 2.38B | 1.82B |
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 | 3.14B | 3.29B | 3.47B | 3.39B | 3.58B | 4.88B | 5.13B | 5.31B | 5.49B |
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 | 915.56M | 590.16M | 618.11M | 416.37M | 596M | 620M | 878M | 722M | 841M |
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) | 1.41B | 1.92B | 1.93B | 1.35B | 1.86B | 1.99B | 2.74B | 2.59B | 2.85B |
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) | 8.72 | 12.75 | 13.76 | 9.94 | 13.81 | 11.59 | 15.85 | 14.71 | 17.10 |
Diluted Shares Outstanding | 152.55M | 138.51M | 134.46M | 128.7M | 128.81M | 164.03M | 167M | 167.32M | 156.55M |
M&T Bank Corporation (MTB-PJ) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 17.4B | 18.39B | 14.94B | 30.04B | 47.22B | 37.35B | 40.35B | 35.33B | 55.42B |
Cash & Due from Banks | 6.5B | 9.71B | 8.62B | 25.22B | 43.21B | 26.48B | 29.8B | 20.78B | 18.77B |
Short Term Investments | 10.9B | 8.68B | 6.32B | 4.82B | 3.96B | 10.75B | 10.44B | 14.45B | 36.65B |
Total Investments | 100.21B | 98.73B | 97.96B | 102.6B | 97.5B | 152.27B | 158.84B | 167.45B | 173.24B |
Investments Growth % | -4.28% | -1.47% | -0.79% | 4.74% | -4.97% | 56.17% | 4.31% | 5.42% | 3.46% |
Long-Term Investments | 89.31B | 90.05B | 91.64B | 97.78B | 93.55B | 141.52B | 148.4B | 153B | 136.59B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 4.66B | 4.64B | 4.62B | 4.61B | 4.6B | 8.7B | 8.61B | 8.56B | 8.53B |
Goodwill | 4.59B | 4.59B | 4.59B | 4.59B | 4.59B | 8.49B | 8.46B | 8.46B | 8.46B |
Intangible Assets | 71.59M | 47.07M | 29.03M | 14.16M | 4M | 209M | 147M | 94M | 64M |
PP&E (Net) | 646.45M | 647.41M | 1.14B | 1.16B | 1.14B | 1.65B | 1.74B | 1.71B | 0 |
Other Assets | 5.01B | 4.77B | 5.64B | 7.77B | 7.51B | 8.93B | 6.36B | 9.51B | 12.98B |
Total Current Assets | 18.82B | 19.8B | 16.35B | 31.29B | 48.31B | 39.93B | 43.16B | 35.33B | 55.42B |
Total Non-Current Assets | 99.64B | 100.11B | 103.05B | 111.32B | 106.8B | 160.8B | 165.1B | 172.78B | 158.09B |
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 | 1.59B | 1.64B | 2.34B | 2.17B | 2.13B | 4.38B | 4.52B | 0 | 0 |
Total Debt | 8.49B | 12.84B | 7.05B | 4.44B | 3.53B | 7.52B | 13.52B | 13.66B | 13.06B |
Net Debt | 1.99B | 3.13B | -1.57B | -20.77B | -39.68B | -18.96B | -16.28B | -7.12B | -5.71B |
Long-Term Debt | 7.72B | 8.04B | 6.88B | 4.38B | 3.49B | 3.96B | 8.2B | 12.61B | 10.91B |
Short-Term Debt | 771.97M | 4.81B | 164.04M | 59.48M | 47.05M | 3.56B | 5.32B | 1.06B | 2.15B |
Other Liabilities | -175.1M | 0 | 0 | 0 | 0 | 0 | 0 | 4.32B | 0 |
Total Current Liabilities | 94.8B | 96.6B | 97.27B | 122.03B | 133.72B | 171.45B | 173.11B | 162.16B | 173.42B |
Total Non-Current Liabilities | 7.54B | 8.04B | 6.88B | 4.38B | 3.49B | 3.96B | 8.2B | 16.92B | 10.91B |
Total Liabilities | 102.34B | 104.64B | 104.16B | 126.41B | 137.2B | 175.41B | 181.31B | 179.08B | 184.33B |
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 | 106.53 | 111.62 | 116.89 | 125.77 | 138.99 | 154.35 | 161.42 | 173.48 | 186.37 |
Tangible BV per Share | 75.95 | 78.12 | 82.51 | 89.97 | 103.30 | 101.32 | 109.85 | 122.33 | 131.89 |
Common Stock | 81.76M | 81.61M | 81.44M | 81.22M | 81.08M | 91M | 91M | 91M | 90M |
Additional Paid-in Capital | 6.59B | 6.58B | 6.59B | 6.62B | 6.63B | 10B | 10.02B | 10B | 10.01B |
Retained Earnings | 10.16B | 11.52B | 12.82B | 13.44B | 14.65B | 15.75B | 17.52B | 19.08B | 20.88B |
Accumulated OCI | -363.81M | -420.08M | -206.68M | -63.03M | -127.58M | -790M | -459M | -164M | 277M |
Treasury Stock | -1.45B | -3.53B | -4.82B | -5.14B | -5.08B | -1.75B | -2.23B | -2.37B | -4.92B |
Preferred Stock | 1.23B | 1.23B | 1.25B | 1.25B | 1.75B | 2.01B | 2.01B | 2.39B | 2.83B |
M&T Bank Corporation (MTB-PJ) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 2.78B | 2.09B | 2.36B | 789.19M | 2.71B | 4.57B | 3.9B | 3.61B | 3B |
Operating CF Growth % | 135.08% | -24.88% | 12.81% | -66.53% | 244.02% | 68.47% | -14.63% | -7.55% | -16.81% |
Net Income | 1.41B | 1.92B | 1.93B | 1.35B | 1.86B | 1.99B | 2.74B | 2.59B | 2.85B |
Depreciation & Amortization | 197.13M | 179M | 301.31M | 320.29M | 324.21M | 435M | 497M | 508M | 498M |
Deferred Taxes | 400.79M | 15.86M | 57.55M | -31.29M | 87.16M | -30M | -97M | -27M | 0 |
Other Non-Cash Items | 129.96M | 133.27M | 215.23M | 801.57M | -77.09M | 372M | 400M | 620M | -76M |
Working Capital Changes | 645.75M | -156.36M | -145.68M | -1.65B | 521.72M | 1.8B | 364M | -79M | -406M |
Cash from Investing | 3.39B | -1.41B | 727.01M | -22.02B | -13.63B | 16.59B | -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 | 3.37B | 3.13B | 4.95B | 2.59B | 2.07B | 2.55B | 2.93B | 8.01B | 6.85B |
Net Investment Activity | 1.56B | 1.83B | 3.45B | 2.54B | -243M | -7.01B | -1.57B | -6.94B | -2.54B |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 394M | 0 | 0 | -683M |
Other Investing | 1.91B | -3.15B | -2.55B | -24.39B | -13.24B | 23.43B | -6.05B | 6.6B | -2.4B |
Cash from Financing | -6.08B | -495.25M | -3.25B | 21.35B | 10.7B | -20.98B | 4.18B | -2.88B | 1.8B |
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 | 0 | 0 | 396M | 0 | 495M | 0 | 0 | 733M | 440M |
Net Stock Activity | -1.21B | -2.19B | -1.34B | -373.75M | 0 | -1.8B | -594M | -13M | -2.19B |
Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K |
Other Financing | -3.06B | -2.26B | 4.59B | 25.03B | 11.71B | -21.01B | -230M | -2.07B | 5.79B |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.32B | 1.42B | 1.61B | 1.44B | 1.55B | 1.34B | 1.52B | 1.73B | 20.78B |
Cash at End | 1.42B | 1.61B | 1.44B | 1.55B | 1.34B | 1.52B | 1.73B | 1.91B | 18.77B |
Interest Paid | 405.29M | 516.23M | 735.79M | 372.29M | 139M | 429M | 2.69B | 4.32B | 3.52B |
Income Taxes Paid | 494.2M | 375.12M | 320.51M | 275.56M | 314M | 488M | 452M | 236M | 0 |
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% |
M&T Bank Corporation (MTB-PJ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
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 | 104.81 | 106.53 | 111.62 | 116.89 | 125.77 | 138.99 | 154.35 | 161.42 | 173.48 | 186.37 |
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% |
M&T Bank Corporation (MTB-PJ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 15, 2026·SEC
Mar 30, 2026·SEC
Feb 11, 2026·SEC
M&T Bank Corporation (MTB-PJ) stock FAQ — growth, dividends, profitability & financials explained
M&T Bank Corporation (MTB-PJ) saw revenue decline by 8.2% over the past year.
Yes, M&T Bank Corporation (MTB-PJ) is profitable, generating $2.85B in net income for fiscal year 2025 (23.2% net margin).
Yes, M&T Bank Corporation (MTB-PJ) pays a dividend with a yield of 22.03%. This makes it attractive for income-focused investors.
M&T Bank Corporation (MTB-PJ) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.
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 44.6%. This is excellent, indicating strong cost control.