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MTB-PJ logoM&T Bank Corporation(MTB-PJ)Earnings, Financials & Key Ratios

MTB-PJ•NYSE•Banking & Credit
$26.53
$4.44B mkt cap·1.8× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryBanks with large fee businesses
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 Equity9.25%-11.8%
  • Net Interest Margin3.29%-3.6%
  • Efficiency Ratio39.62%-3.5%
  • ROA1.24%-7.3%
  • Equity / Assets13.95%+7.8%
  • Book Value per Share173.48+7.5%
  • Tangible BV/Share122.33+11.4%
  • Debt/Equity0.47-6.1%
Technical→

MTB-PJ Key Insights

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

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

MTB-PJ Price & Volume

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

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MTB-PJ Growth Metrics

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

Revenue CAGR

10 Years10.96%
5 Years14.07%
3 Years30.18%
TTM-

Profit CAGR

10 Years9.27%
5 Years6.05%
3 Years11.66%
TTM16.05%

EPS CAGR

10 Years7.03%
5 Years1.26%
3 Years1.99%
TTM20.21%

Return on Capital

10 Years9.66%
5 Years9.92%
3 Years9.9%
Last Year8.16%

MTB-PJ Recent Earnings

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

Full history →
●Beat EPS 4/12 qtrs (80%)●Beat Revenue 6/12 qtrs (100%)
Q2 2026Latest
Apr 15, 2026
EPS
$4.13
Est $4.02
+2.7%
Revenue
$2.4B
Est $2.4B
+0.4%
Q1 2026
Jan 16, 2026
EPS
$4.67
Est $4.48
+4.2%
Revenue
$2.5B
Est $2.5B
+0.1%
Q4 2025
Oct 16, 2025
EPS
$5.06
Est $4.43
+14.2%
Revenue
$3.5B
Est $2.4B
+41.6%
Q3 2025
Jul 16, 2025
EPS
$4.47
Est $3.99
+12.0%
Revenue
$3.3B
Est $2.4B
+34.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 15, 2026
$4.13vs $4.02+2.7%
$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
$5.06vs $4.43+14.2%
$3.5Bvs $2.4B+41.6%
Q3 2025Jul 16, 2025
$4.47vs $3.99+12.0%
$3.3Bvs $2.4B+34.8%
Based on last 12 quarters of dataView full earnings history →

MTB-PJ Peer Comparison

M&T Bank Corporation (MTB-PJ) 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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CFG logoCFGCitizens Financial Group, Inc.Direct Competitor27.77B64.3621.241.31%12.22%6.6%6.77%0.51
HBAN logoHBANHuntington Bancshares IncorporatedDirect Competitor25.97B16.4111.814.38%17.71%10.04%8.77%0.76
RF logoRFRegions Financial CorporationDirect Competitor24.34B28.0412.242.51%22.44%11.29%8.96%0.26
KEY logoKEYKeyCorpDirect Competitor24.11B21.8714.3923.56%16.35%8.97%0.54
FITB logoFITBFifth Third BancorpDirect Competitor33.69B50.3016.025.62%17.73%11.43%7.15%0.97
CMA logoCMAComerica IncorporatedDirect Competitor11.35B88.6716.76-3.91%15.07%9.38%0.70
SNV logoSNVSynovus Financial Corp.Direct Competitor6.95B50.0516.521.16%14.09%13.7%11.01%0.35
USB logoUSBU.S. BancorpProduct Competitor86.46B55.6012.060.35%17.68%11.54%1.19

Compare MTB-PJ vs Peers

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

Closest Rival

vs CFG

Most directly comparable listed peer for MTB-PJ.

Scale Benchmark

vs JPM

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

Peer Set

Compare Top 5

vs CFG, HBAN, RF, KEY

MTB-PJ Income Statement

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

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Net Interest Income3.47B3.78B4.07B4.13B3.87B3.83B5.82B7.12B6.85B6.9B
NII Growth %22.07%8.97%7.7%1.42%-6.39%-1.07%52.21%22.21%-3.7%2.97%
Net Interest Margin %2.81%3.19%3.39%3.45%2.71%2.47%2.9%3.42%3.29%3.26%
Interest Income3.9B4.17B4.6B4.88B4.19B3.94B6.25B10.22B11.03B10.56B
Interest Expense425.98M386.75M526.41M749.33M326.39M114M425M3.11B4.17B3.66B
Loan Loss Provision190M168M132M176M800M-75M517M645M610M520M
Non-Interest Income1.83B1.85B1.86B2.06B2.09B2.14B2.19B2.28B2.38B2.7B
Non-Interest Income %31.91%30.76%28.75%29.7%33.25%35.17%25.97%18.25%17.75%20.39%
Total Revenue
5.72B▲ 0%
6.02B▲ 5.2%
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%
13.26B▲ 0%
Revenue Growth %14.53%5.19%7.24%7.54%-9.51%-3.27%38.87%48.22%7.18%-3.09%
Non-Interest Expense3.05B3.14B3.29B3.47B3.39B3.58B4.88B5.13B5.31B5.45B
Efficiency Ratio53.26%52.17%50.94%49.97%53.9%58.95%57.88%41.05%39.62%41.13%
Operating Income
2.06B▲ 0%
2.32B▲ 12.9%
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%
3.63B▲ 0%
Operating Margin %35.97%38.61%38.86%36.7%28.17%40.4%30.96%28.94%24.69%27.35%
Operating Income Growth %22.91%12.9%7.93%1.56%-30.53%38.74%6.4%38.55%-8.54%-
Pretax Income
2.06B▲ 0%
2.32B▲ 12.9%
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%
3.6B▲ 0%
Pretax Margin %35.97%38.61%38.86%36.7%28.17%40.4%30.96%28.94%24.69%27.17%
Income Tax743.28M915.56M590.16M618.11M416.37M596M620M878M722M830M
Effective Tax Rate %36.11%39.4%23.53%24.27%23.53%24.28%23.74%24.26%21.81%23.04%
Net Income
1.32B▲ 0%
1.41B▲ 7.1%
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%
2.77B▲ 0%
Net Margin %22.98%23.4%29.72%27.79%21.54%30.6%23.61%21.92%19.31%20.91%
Net Income Growth %21.81%7.09%36.2%0.58%-29.86%37.38%7.15%37.6%-5.58%16.05%
Net Income (Continuing)1.32B1.41B1.92B1.93B1.35B1.86B1.99B2.74B2.59B2.77B
EPS (Diluted)
7.78▲ 0%
8.70▲ 11.8%
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%
17.71▲ 0%
EPS Growth %8.36%11.83%46.44%7.93%-27.71%38.83%-16.45%36.95%-7.28%20.21%
EPS (Basic)7.808.7212.7513.769.9413.8111.5915.8514.71-
Diluted Shares Outstanding157.3M152.55M138.51M134.46M128.7M128.81M164.03M167M167.32M156.55M

MTB-PJ Balance Sheet

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash & Short Term Investments19.65B17.53B18.39B14.94B30.04B47.22B37.35B40.35B35.33B148.49B
Cash & Due from Banks6.32B6.5B9.71B8.62B25.22B43.21B26.48B29.8B20.78B19.5B
Short Term Investments13.33B10.9B8.68B6.32B4.82B3.96B10.75B10.44B14.45B16.75B
Total Investments104.7B100.21B98.73B97.96B102.6B97.5B152.27B158.84B167.45B53.62B
Investments Growth %3.83%-4.28%-1.47%-0.79%4.74%-4.97%56.17%4.31%5.42%-54.25%
Long-Term Investments91.36B89.31B90.05B91.64B97.78B93.55B141.52B148.4B153B494.24B
Accounts Receivables1.42B1.43B1.41B1.41B1.25B00000
Goodwill & Intangibles4.69B4.66B4.64B4.62B4.61B4.6B8.7B8.61B8.56B8.54B
Goodwill4.59B4.59B4.59B4.59B4.59B4.59B8.49B8.46B8.46B8.46B
Intangible Assets97.66M71.59M47.07M29.03M14.16M4M209M147M94M74M
PP&E (Net)675.26M646.45M647.41M1.14B1.16B1.14B1.65B1.74B1.71B0
Other Assets5.65B5.15B4.96B6.12B7.77B7.56B9.05B6.46B9.51B12.27B
Total Current Assets21.07B18.95B19.99B16.35B31.29B48.31B39.93B43.16B35.33B36.25B
Total Non-Current Assets102.05B99.64B100.11B103.05B111.32B106.8B160.8B165.1B172.78B57.68B
Total Assets
123.45B▲ 0%
118.59B▼ 3.9%
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%
211.28B▲ 0%
Asset Growth %0.54%-3.93%1.27%-0.19%18.96%8.77%29.41%3.75%-0.08%-1.25%
Return on Assets (ROA)1.07%1.16%1.61%1.61%1.03%1.25%1.12%1.34%1.24%1.31%
Accounts Payable1.81B1.59B1.64B2.34B2.17B2.13B4.38B4.52B00
Total Debt9.82B8.49B12.84B7.05B4.44B3.53B7.52B13.52B13.66B14.99B
Net Debt3.5B1.99B3.13B-1.57B-20.77B-39.68B-18.96B-16.28B-7.12B-4.51B
Long-Term Debt8.41B7.72B8.04B6.88B4.38B3.49B3.96B8.2B12.61B12.93B
Short-Term Debt1.41B771.97M4.81B164.04M59.48M47.05M3.56B5.32B1.06B2.06B
Other Liabilities-163.44M-175.1M0000004.32B4.14B
Total Current Liabilities98.72B94.8B96.6B97.27B122.03B133.72B171.45B173.11B162.16B165.49B
Total Non-Current Liabilities8.25B7.54B8.04B6.88B4.38B3.49B3.96B8.2B16.92B17.06B
Total Liabilities106.96B102.34B104.64B104.16B126.41B137.2B175.41B181.31B179.08B182.55B
Total Equity
16.49B▲ 0%
16.25B▼ 1.4%
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%
28.73B▲ 0%
Equity Growth %1.94%-1.43%-4.87%1.66%2.99%10.6%41.41%6.47%7.68%14.23%
Equity / Assets (Capital Ratio)13.35%13.7%12.87%13.11%11.35%11.54%12.61%12.94%13.95%13.6%
Return on Equity (ROE)8.05%8.6%12.1%12.38%8.48%10.91%9.22%10.49%9.25%9.65%
Book Value per Share104.81106.53111.62116.89125.77138.99154.35161.42173.48183.50
Tangible BV per Share74.9975.9578.1282.5189.97103.30101.32109.85122.33128.96
Common Stock82.12M81.76M81.61M81.44M81.22M81.08M91M91M91M91M
Additional Paid-in Capital6.68B6.59B6.58B6.59B6.62B6.63B10B10.02B10B9.99B
Retained Earnings9.22B10.16B11.52B12.82B13.44B14.65B15.75B17.52B19.08B20.39B
Accumulated OCI-294.64M-363.81M-420.08M-206.68M-63.03M-127.58M-790M-459M-164M277M
Treasury Stock-431.8M-1.45B-3.53B-4.82B-5.14B-5.08B-1.75B-2.23B-2.37B-4.42B
Preferred Stock1.23B1.23B1.23B1.25B1.25B1.75B2.01B2.01B2.39B2.39B

MTB-PJ Cash Flow Statement

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations1.18B2.78B2.09B2.36B789.19M2.71B4.57B3.9B3.61B3.61B
Operating CF Growth %-32.08%135.08%-24.88%12.81%-66.53%244.02%68.47%-14.63%-7.55%3751.2%
Net Income1.32B1.41B1.92B1.93B1.35B1.86B1.99B2.74B2.59B2.77B
Depreciation & Amortization200.59M197.13M179M301.31M320.29M324.21M435M497M508M505M
Deferred Taxes174.01M400.79M15.86M57.55M-31.29M87.16M-30M-97M-27M-52M
Other Non-Cash Items147.81M129.96M133.27M215.23M801.57M-77M372M400M620M463M
Working Capital Changes-654.12M645.75M-156.36M-145.68M-1.65B521.72M1.8B364M-79M467M
Cash from Investing-720.77M3.39B-1.41B727.01M-22.02B-13.63B16.59B-7.87B-550M-691M
Purchase of Investments-3.78B-1.81B-1.29B-1.5B-48.58M-2.31B-9.57B-4.5B-14.94B-11.31B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Net Investment Activity-3.78B-1.81B-1.29B-1.5B-47.58M-2.31B-9.57B-4.5B-14.94B-11.31B
Acquisitions000000394M000
Other Investing89.69M1.91B-3.15B-2.55B-24.39B-13.24B23.43B-6.05B6.6B3.88B
Cash from Financing-510.13M-6.08B-495.25M-3.25B21.35B10.7B-20.98B4.18B-2.88B-3.73B
Dividends Paid-523.16M-530.14M-582.9M-619.59M-636.37M-648M-881M-968M-1.03B-1.04B
Share Repurchases-1.14B-1.21B-2.19B-1.35B-373.75M-495M-1.8B-594M-396M-2.33B
Stock Issued495M0000495M0000
Net Stock Activity-646.33M-1.21B-2.19B-1.35B-373.75M0-1.8B-594M-396M-2.33B
Debt Issuance (Net)-1000K-1000K1000K-1000K-1000K-1000K1000K1000K1000K0
Other Financing3.72B-3.06B-2.26B4.59B25.03B11.71B-21.01B-230M-2.07B-1.14B
Net Change in Cash
-47.49M▲ 0%
100.34M▲ 311.3%
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%
-266M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning1.37B1.32B1.42B1.61B1.44B1.55B1.34B1.52B1.73B2.13B
Cash at End1.32B1.42B1.61B1.44B1.55B1.34B1.52B1.73B1.91B1.95B
Interest Paid498.95M405.29M516.23M735.79M372.29M139M429M2.69B4.32B3.75B
Income Taxes Paid276.87M494.2M375.12M320.51M275.56M314M488M452M236M310M
Free Cash Flow
1.08B▲ 0%
2.7B▲ 151.3%
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%
3.98B▲ 0%
FCF Growth %-35.22%151.27%-26.3%9.4%-71.7%315.91%69.91%-16.29%-6.99%58.38%

MTB-PJ Banking Ratios

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

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)8.05%8.6%12.1%12.38%8.48%10.91%9.22%10.49%9.25%9.65%
Return on Assets (ROA)1.07%1.16%1.61%1.61%1.03%1.25%1.12%1.34%1.24%1.31%
Net Interest Margin2.81%3.19%3.39%3.45%2.71%2.47%2.9%3.42%3.29%3.26%
Efficiency Ratio53.26%52.17%50.94%49.97%53.9%58.95%57.88%41.05%39.62%41.13%
Equity / Assets13.35%13.7%12.87%13.11%11.35%11.54%12.61%12.94%13.95%13.6%
Book Value / Share104.81106.53111.62116.89125.77138.99154.35161.42173.48183.5
NII Growth22.07%8.97%7.7%1.42%-6.39%-1.07%52.21%22.21%-3.7%0.74%
Dividend Payout33.6%32.48%26.61%28.62%41.98%31.2%39.36%31.67%34.58%32.28%

MTB-PJ SEC Filings & Documents

M&T Bank Corporation (MTB-PJ) 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-PJ Frequently Asked Questions

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

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 20.16%. 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.

Explore More MTB-PJ

M&T Bank Corporation (MTB-PJ) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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