The bank maintains a stable capital foundation with an equity-to-assets ratio of 13% to 14%, though the investment securities portfolio has expanded to $176.5B as of 2026Q1, introducing potential duration risk.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 205.42B | 55.42B | 35.33B | 40.35B | 37.35B | 47.22B | 30.04B | 14.94B | 18.39B | 17.4B | 19.65B | 21.21B | 16.92B | 7.76B | 6.85B | 7.83B | 6.42B | 8.06B | 8.41B | 10.12B | 8.44B | 9.42B | 1.34B | 1.89B | 971.63M | 970M | 753.36M | 593.9M | 723.6M | 387.6M | 497.3M |
| Cash & Due from Banks | 16.35B | 18.77B | 20.78B | 29.8B | 26.48B | 43.21B | 25.22B | 8.62B | 9.71B | 6.5B | 6.32B | 8.96B | 7.76B | 3.22B | 2.11B | 1.6B | 1.01B | 1.36B | 1.56B | 1.74B | 1.61B | 1.49B | 1.34B | 1.89B | 971.63M | 970M | 753.36M | 593.9M | 723.6M | 387.6M | 497.3M |
| Short Term Investments | 38.71B | 36.65B | 14.45B | 10.44B | 10.75B | 3.96B | 4.82B | 6.32B | 8.68B | 10.9B | 13.33B | 12.24B | 9.16B | 4.53B | 4.74B | 6.23B | 5.41B | 6.7B | 6.85B | 8.38B | 6.83B | 7.93B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 176.49B | 173.24B | 167.45B | 158.84B | 152.27B | 97.5B | 102.6B | 97.96B | 98.73B | 100.21B | 104.7B | 100.84B | 77.41B | 70.55B | 70.25B | 65.33B | 56.59B | 56.96B | 54.42B | 54.6B | 48.13B | 46.81B | 46.25B | 42.42B | 29.25B | 27.79B | 25.68B | 18.99B | 18.27B | 12.95B | 12.02B |
| Investments Growth % | 18.58% | 3.46% | 5.42% | 4.31% | 56.17% | -4.97% | 4.74% | -0.79% | -1.47% | -4.28% | 3.83% | 30.27% | 9.71% | 0.44% | 7.53% | 15.44% | -0.65% | 4.68% | -0.33% | 13.45% | 2.82% | 1.21% | 9.03% | 45.03% | 5.25% | 8.21% | 35.21% | 3.94% | 41.12% | 7.68% | 8.68% |
| Long-Term Investments | 564.28B | 136.59B | 153B | 148.4B | 141.52B | 93.55B | 97.78B | 91.64B | 90.05B | 89.31B | 91.36B | 88.59B | 68.25B | 66.02B | 65.51B | 59.1B | 51.18B | 50.26B | 47.57B | 46.22B | 41.3B | 38.87B | 46.25B | 42.42B | 29.25B | 27.79B | 25.68B | 18.99B | 18.27B | 12.95B | 12.02B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.34B | 1.4B | 1.47B | 1.53B | 1.65B | 1.88B | 1.72B | 1.62B | 1.42B | 1.29B | 1.72B | 1.74B | 1.16B | 1.08B | 1.01B | 717.6M | 707.6M | 489M | 257.4M |
| Goodwill & Intangibles | 8.52B | 8.53B | 8.56B | 8.61B | 8.7B | 4.6B | 4.61B | 4.62B | 4.64B | 4.66B | 4.69B | 4.73B | 3.56B | 3.59B | 3.64B | 3.7B | 3.65B | 3.71B | 3.38B | 3.44B | 3.16B | 3.01B | 3.07B | 3.14B | 1.22B | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 8.46B | 8.46B | 8.46B | 8.46B | 8.49B | 4.59B | 4.59B | 4.59B | 4.59B | 4.59B | 4.59B | 4.59B | 3.52B | 3.52B | 3.52B | 3.52B | 3.52B | 3.52B | 3.19B | 3.2B | 2.91B | 2.9B | 2.9B | 2.9B | 1.1B | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 55M | 64M | 94M | 147M | 209M | 4M | 14.16M | 29.03M | 47.07M | 71.59M | 97.66M | 140.27M | 35.03M | 68.85M | 115.76M | 176.39M | 125.92M | 182.42M | 183.5M | 248.56M | 250.23M | 108.26M | 165.51M | 240.83M | 118.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 1.71B | 1.74B | 1.65B | 1.14B | 1.16B | 1.14B | 647.41M | 646.45M | 675.26M | 666.68M | 612.98M | 633.52M | 594.65M | 581.43M | 435.84M | 435.85M | 388.86M | 370.76M | 335.01M | 337.12M | 367.2M | 398.97M | 238.99M | 261.88M | 257.98M | 173.8M | 162.8M | 122M | 128.5M |
| Other Assets | 13.38B | 12.98B | 9.51B | 6.36B | 8.93B | 7.51B | 7.77B | 5.64B | 4.77B | 5.01B | 5.32B | 5.96B | 6.01B | 5.76B | 4.94B | 5.18B | 4.69B | 4.54B | 4.36B | 3.1B | 2.41B | 2.01B | 0 | 237.12M | 371.99M | 80.02M | 54.69M | 1.28B | 173.1M | -100K | 0 |
| Total Current Assets | 55.06B | 55.42B | 35.33B | 43.16B | 39.93B | 48.31B | 31.29B | 16.35B | 19.8B | 18.82B | 21.07B | 22.56B | 18.25B | 9.16B | 8.33B | 9.37B | 8.07B | 9.94B | 10.12B | 11.74B | 9.87B | 10.71B | 3.07B | 3.63B | 2.13B | 2.05B | 1.76B | 1.31B | 1.43B | 876.6M | 754.7M |
| Total Non-Current Assets | 159.68B | 158.09B | 172.78B | 165.1B | 160.8B | 106.8B | 111.32B | 103.05B | 100.11B | 99.64B | 102.05B | 99.96B | 78.43B | 76.01B | 74.68B | 68.56B | 59.95B | 58.94B | 55.69B | 53.13B | 47.2B | 44.24B | 49.68B | 46.2B | 31.07B | 29.4B | 27.19B | 21.1B | 19.15B | 13.07B | 12.15B |
| Total Assets | 214.74B | 213.51B | 208.1B | 208.26B | 200.73B | 155.11B | 142.6B | 119.87B | 120.1B | 118.59B | 123.45B | 122.79B | 96.69B | 85.16B | 83.01B | 77.92B | 68.02B | 68.88B | 65.82B | 64.88B | 57.06B | 55.15B | 52.94B | 49.83B | 33.2B | 31.45B | 28.95B | 22.41B | 20.58B | 14B | 12.94B |
| Asset Growth % | 5.76% | 2.6% | -0.08% | 3.75% | 29.41% | 8.77% | 18.96% | -0.19% | 1.27% | -3.93% | 0.54% | 27% | 13.53% | 2.59% | 6.52% | 14.56% | -1.25% | 4.66% | 1.45% | 13.69% | 3.48% | 4.17% | 6.25% | 50.07% | 5.57% | 8.64% | 29.19% | 8.87% | 47% | 8.18% | 8.26% |
| Return on Assets (ROA) | 1.38% | 1.35% | 1.24% | 1.34% | 1.12% | 1.25% | 1.03% | 1.61% | 1.61% | 1.16% | 1.07% | 0.98% | 1.17% | 1.35% | 1.28% | 1.18% | 1.08% | 0.56% | 0.85% | 1.07% | 1.5% | 1.45% | 1.41% | 1.38% | 1.5% | 1.25% | 1.11% | 1.24% | 1.2% | 1.31% | 1.21% |
| Accounts Payable | 0 | 0 | 0 | 4.52B | 4.38B | 2.13B | 2.17B | 2.34B | 1.64B | 1.59B | 1.81B | 1.87B | 1.57B | 1.37B | 1.51B | 1.79B | 1.07B | 995.06M | 1.36B | 984.35M | 888.35M | 819.98M | 727.41M | 1.02B | 400.99M | 422.75M | 528.96M | 909.2M | 446.9M | 284.4M | 195.6M |
| Total Debt | 19.03B | 13.06B | 13.66B | 13.52B | 7.52B | 3.53B | 4.44B | 7.05B | 12.84B | 8.49B | 9.82B | 12.79B | 9.2B | 5.37B | 5.68B | 7.47B | 8.79B | 12.68B | 15.08B | 16.14B | 9.98B | 11.35B | 11.05B | 9.98B | 7.93B | 6.51B | 5.49B | 4.33B | 3.8B | 1.53B | 1.33B |
| Net Debt | 2.68B | -5.71B | -7.12B | -16.28B | -18.96B | -39.68B | -20.77B | -1.57B | 3.13B | 1.99B | 3.5B | 3.82B | 1.44B | 2.14B | 3.57B | 5.86B | 7.78B | 11.32B | 13.53B | 14.4B | 8.37B | 9.86B | 9.71B | 8.09B | 6.96B | 5.54B | 4.73B | 3.74B | 3.07B | 1.14B | 830.9M |
| Long-Term Debt | 11.18B | 10.91B | 12.61B | 8.2B | 3.96B | 3.49B | 4.38B | 6.88B | 8.04B | 7.72B | 8.41B | 8.75B | 7.61B | 3.71B | 3.21B | 5.29B | 6.22B | 8.62B | 10.45B | 8.69B | 5.87B | 5.82B | 6.35B | 5.54B | 4.5B | 3.46B | 3.41B | 1.78B | 1.57B | 427.8M | 178M |
| Short-Term Debt | 7.85B | 2.15B | 1.06B | 5.32B | 3.56B | 47.05M | 59.48M | 164.04M | 4.81B | 771.97M | 1.41B | 4.03B | 1.59B | 1.66B | 2.47B | 2.18B | 2.57B | 4.07B | 4.63B | 7.45B | 4.12B | 5.53B | 4.7B | 4.44B | 3.43B | 3.05B | 2.07B | 2.55B | 2.23B | 1.1B | 1.15B |
| Other Liabilities | 4B | 0 | 4.32B | 0 | 0 | 0 | 0 | 0 | 0 | -175.1M | -163.44M | 0 | 0 | 0 | 0 | -1.79B | -1.07B | -995.06M | -1.36B | -984.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100K |
| Total Current Liabilities | 171.59B | 173.42B | 162.16B | 173.11B | 171.45B | 133.72B | 122.03B | 97.27B | 96.6B | 94.8B | 98.72B | 97.86B | 76.74B | 70.15B | 69.6B | 65.16B | 54.52B | 53.51B | 49.95B | 50.68B | 44.92B | 43.45B | 40.86B | 38.57B | 25.5B | 25.05B | 22.83B | 18.84B | 17.41B | 12.54B | 11.86B |
| Total Non-Current Liabilities | 15.17B | 10.91B | 16.92B | 8.2B | 3.96B | 3.49B | 4.38B | 6.88B | 8.04B | 7.54B | 8.25B | 8.75B | 7.61B | 3.71B | 3.21B | 3.5B | 5.14B | 7.62B | 9.09B | 7.71B | 5.87B | 5.82B | 6.35B | 5.54B | 4.5B | 3.46B | 3.41B | 1.78B | 1.57B | 427.8M | 177.9M |
| Total Liabilities | 186.76B | 184.33B | 179.08B | 181.31B | 175.41B | 137.2B | 126.41B | 104.16B | 104.64B | 102.34B | 106.96B | 106.61B | 84.35B | 73.86B | 72.81B | 68.65B | 59.66B | 61.13B | 59.03B | 58.39B | 50.78B | 49.27B | 47.21B | 44.11B | 29.99B | 28.51B | 26.25B | 20.61B | 18.98B | 12.97B | 12.04B |
| Total Equity | 27.97B | 29.18B | 29.03B | 26.96B | 25.32B | 17.9B | 16.19B | 15.72B | 15.46B | 16.25B | 16.49B | 16.17B | 12.34B | 11.31B | 10.2B | 9.27B | 8.36B | 7.75B | 6.78B | 6.49B | 6.28B | 5.88B | 5.73B | 5.72B | 3.21B | 2.94B | 2.7B | 1.8B | 1.6B | 1.03B | 905.7M |
| Equity Growth % | -3.16% | 0.52% | 7.68% | 6.47% | 41.41% | 10.6% | 2.99% | 1.66% | -4.87% | -1.43% | 1.94% | 31.11% | 9.11% | 10.81% | 10.05% | 10.93% | 7.8% | 14.27% | 4.62% | 3.25% | 6.89% | 2.56% | 0.22% | 78.19% | 9.15% | 8.85% | 50.28% | 12.14% | 55.53% | 13.76% | 7.02% |
| Equity / Assets (Capital Ratio) | 13.03% | 13.67% | 13.95% | 12.94% | 12.61% | 11.54% | 11.35% | 13.11% | 12.87% | 13.7% | 13.35% | 13.17% | 12.76% | 13.28% | 12.29% | 11.9% | 12.29% | 11.26% | 10.31% | 10% | 11.01% | 10.66% | 10.82% | 11.47% | 9.66% | 9.35% | 9.33% | 8.02% | 7.78% | 7.36% | 7% |
| Return on Equity (ROE) | 10.25% | 9.8% | 9.25% | 10.49% | 9.22% | 10.91% | 8.48% | 12.38% | 12.1% | 8.6% | 8.05% | 7.57% | 9.02% | 10.59% | 10.57% | 9.75% | 9.14% | 5.23% | 8.38% | 10.25% | 13.81% | 13.48% | 12.62% | 12.86% | 15.78% | 13.41% | 12.73% | 15.63% | 15.8% | 18.2% | 17.25% |
| Book Value per Share | 178.67 | 186.37 | 173.48 | 161.42 | 154.35 | 138.99 | 125.77 | 116.89 | 111.62 | 106.53 | 104.81 | 117.60 | 93.56 | 82.02 | 75.02 | 68.71 | 70.33 | 67.55 | 61.18 | 58.95 | 55.14 | 50.56 | 47.59 | 49.31 | 31.62 | 29.70 | 32.46 | 22.19 | 20.15 | 14.79 | 12.72 |
| Tangible BV per Share | 124.25 | 131.89 | 122.33 | 109.85 | 101.32 | 103.30 | 89.97 | 82.51 | 78.12 | 75.95 | 74.99 | 83.18 | 66.57 | 55.95 | 48.25 | 41.28 | 39.61 | 35.25 | 30.74 | 27.64 | 27.41 | 24.64 | 22.09 | 22.18 | 19.63 | 29.70 | 32.46 | 22.19 | 20.15 | 14.79 | 12.72 |
| Common Stock | 90M | 90M | 91M | 91M | 91M | 81.08M | 81.22M | 81.44M | 81.61M | 81.76M | 82.12M | 82.15M | 68.77M | 68.17M | 67.56M | 66.91M | 64.39M | 64.54M | 64.81M | 64.97M | 65.26M | 65.56M | 60.2M | 60.05M | 54.76M | 54.73M | 50.7M | 44.4M | 0 | 0 | 0 |
| Additional Paid-in Capital | 9.96B | 10.01B | 10B | 10.02B | 10B | 6.63B | 6.62B | 6.59B | 6.58B | 6.59B | 6.68B | 6.68B | 3.41B | 3.23B | 3.03B | 2.83B | 2.4B | 2.44B | 2.9B | 2.85B | 2.89B | 2.89B | 2.9B | 2.89B | 1.19B | 1.1B | 914.58M | 458.7M | 0 | 0 | 0 |
| Retained Earnings | 21.48B | 20.88B | 19.08B | 17.52B | 15.75B | 14.65B | 13.44B | 12.82B | 11.52B | 10.16B | 9.22B | 8.43B | 7.81B | 7.19B | 6.48B | 5.87B | 5.43B | 5.08B | 5.06B | 4.82B | 4.44B | 3.85B | 3.27B | 2.74B | 2.3B | 2.02B | 1.74B | 1.5B | 1.27B | 1.09B | 937.1M |
| Accumulated OCI | 66M | 277M | -164M | -459M | -790M | -127.58M | -63.03M | -206.68M | -420.08M | -363.81M | -294.64M | -251.63M | -180.99M | -64.16M | -240.26M | -356.44M | -205.22M | -336M | -736.88M | -114.82M | -53.57M | -97.93M | -11.43M | 31.98M | 54.77M | 22.82M | -432K | -26M | 2.9M | 12M | -2.5M |
| Treasury Stock | -6.05B | -4.92B | -2.37B | -2.23B | -1.75B | -5.08B | -5.14B | -4.82B | -3.53B | -1.45B | -431.8M | 0 | 0 | 0 | 0 | 0 | -67.44M | -225.7M | -1.07B | -1.13B | -1.06B | -831.67M | -487.95M | 0 | -391.9M | -252.14M | 0 | -181.6M | 0 | 0 | 0 |
| Preferred Stock | 2.43B | 2.83B | 2.39B | 2.01B | 2.01B | 1.75B | 1.25B | 1.25B | 1.23B | 1.23B | 1.23B | 1.23B | 1.23B | 881.5M | 872.5M | 864.59M | 740.66M | 730.24M | 567.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE portfolio concentration
According to recent financial disclosures, M&T Bank's total assets have remained largely range-bound between $208 billion and $215 billion over the last ten quarters, suggesting that the institution is prioritizing balance sheet consolidation and integration efficiency over aggressive expansion of its loan and securities portfolios.
The lack of meaningful asset growth indicates that management is likely focused on optimizing the existing footprint following the People's United acquisition rather than pursuing rapid market share gains. This stability suggests a cautious approach to capital deployment in an environment where regional economic headwinds may limit high-quality lending opportunities.
As reported in recent regulatory filings, M&T Bank has maintained a consistent equity-to-assets ratio hovering near 13% to 14%, providing a stable capital foundation that appears to support ongoing share buybacks despite the inherent volatility in the bank's provision for credit losses under CECL accounting standards.
The bank's ability to sustain capital returns while navigating integration costs implies a resilient capital position that may be sufficient to absorb potential shocks within its commercial real estate portfolio. Investors should monitor whether this capital buffer remains adequate if the current provisioning volatility persists or if credit conditions in the Northeast corridor deteriorate further.
Based on the provided quarterly data, M&T Bank's cash and cash equivalents have fluctuated significantly, reaching a peak of $33.8 billion in 2024Q1 before moderating to $16.3 billion by 2026Q1, which suggests a dynamic approach to managing liquidity in response to shifting interest rate environments and funding needs.
The bank's liquidity management appears to be a strategic lever used to balance the need for high-yield asset deployment against the necessity of maintaining a robust contingency funding position. This variability warrants further investigation into whether the bank is intentionally reducing cash balances to improve net interest margins or if it reflects a broader shift in deposit stability.
As indicated by the bank's investment securities balance, which grew from $158.8 billion in 2023Q4 to $176.5 billion in 2026Q1, M&T Bank has significantly increased its exposure to fixed-income assets, potentially creating duration risk that could impact the balance sheet if interest rates remain elevated for longer.
While this portfolio expansion may be intended to capture yield, it introduces a sensitivity to interest rate movements that could lead to unrealized losses in the AOCI. This strategy appears to be a departure from a purely loan-focused model, and investors should monitor the duration profile of these securities to assess the potential for future margin compression.
Quick answers to the most common questions about buying MTB stock.
As of 2025, M&T Bank Corporation (MTB) had total assets of $213.51B including $55.42B in current assets.
M&T Bank Corporation (MTB) carries total debt of $13.06B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
M&T Bank Corporation (MTB) has total shareholders' equity (book value) of $29.18B ($186.37 book value per share). Book value represents the net worth of the company belonging to common stock holders.
M&T Bank Corporation (MTB) reported a current ratio of 0.32x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.