Last 48 quarters of trend data · Financial Services · Large & Global Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.48 | 10.79 | 11.38 | 12.19 | 10.79 | 10.25 | 11.44 | 13.46 | 12.18 | 11.08 | 10.14 | 12.04 | 12.51 | 7.94 | 6.13 | 7.45 | 8.45 | 12.49 | 36.90 | 16.17 | 11.39 |
| — | +5.3% | -0.5% | -9.4% | -11.4% | -7.5% | +12.7% | +11.8% | -2.6% | +39.5% | +65.6% | +61.5% | +48.0% | -36.4% | -83.4% | -53.9% | -25.8% | +23.4% | +246.3% | +42.1% | +26.0% | |
| P/S Ratio | 3.16 | 3.11 | 3.68 | 3.31 | 3.19 | 3.08 | 3.24 | 3.20 | 3.32 | 3.20 | 2.76 | 2.72 | 2.51 | 2.26 | 1.98 | 2.11 | 2.49 | 3.45 | 3.58 | 3.79 | 3.27 |
| — | +1.2% | +13.6% | +3.6% | -4.1% | -3.8% | +17.5% | +17.7% | +32.6% | +41.9% | +39.4% | +28.8% | +0.7% | -34.7% | -44.8% | -44.4% | -24.0% | +10.3% | +11.4% | +15.7% | +23.4% | |
| P/B Ratio | 1.17 | 1.12 | 1.33 | 1.16 | 1.08 | 1.08 | 1.09 | 1.02 | 1.08 | 1.03 | 0.89 | 0.89 | 0.85 | 0.80 | 0.80 | 0.79 | 0.99 | 1.23 | 1.10 | 1.23 | 1.11 |
| — | +4.2% | +22.5% | +13.7% | -0.0% | +4.2% | +21.9% | +13.8% | +27.6% | +28.6% | +11.9% | +12.7% | -14.0% | -34.4% | -27.6% | -35.3% | -10.8% | +11.7% | -1.6% | +3.5% | +9.5% | |
| P/FCF | 8.22 | 6.54 | 7.47 | 8.83 | 16.89 | 7.35 | 9.49 | 12.09 | 4.93 | — | 4.93 | 10.60 | 8.02 | 3.89 | 4.25 | 13.50 | 7.21 | 7.05 | 6.30 | 4.33 | 7.79 |
| — | -11.0% | -21.3% | -26.9% | +242.3% | — | +92.6% | +14.0% | -38.5% | — | +15.9% | -21.4% | +11.2% | -44.8% | -32.6% | +212.0% | -7.5% | -35.0% | -29.5% | -14.5% | +17.8% | |
| EV / EBITDA | 5.89 | 12.35 | 10.09 | 9.13 | 5.91 | 5.93 | 5.68 | 5.28 | 6.00 | 4.22 | 3.79 | 2.11 | 2.18 | 0.73 | 1.35 | 2.52 | 1.35 | 1.98 | -1.61 | -5.37 | -7.30 |
| — | +108.2% | +77.6% | +72.9% | -1.6% | +40.6% | +49.9% | +149.9% | +175.8% | +477.0% | +180.0% | -16.2% | +60.9% | -63.0% | +184.2% | +146.9% | +118.5% | +134.3% | +66.0% | -50.5% | -361.8% | |
| EV / EBIT | 7.00 | 12.35 | 10.56 | 10.15 | 6.65 | 6.64 | 6.43 | 6.18 | 6.88 | 4.79 | 4.35 | 2.53 | 2.63 | 0.84 | 1.50 | 2.83 | 1.49 | 2.27 | -2.32 | -6.32 | -8.29 |
| — | +86.1% | +64.1% | +64.3% | -3.3% | +38.7% | +47.8% | +144.7% | +162.0% | +472.4% | +190.3% | -10.7% | +76.5% | -63.2% | +164.7% | +144.8% | +118.0% | +135.0% | +56.7% | -55.9% | -364.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 104.7% | 94.7% | 95.3% | 94.3% | 94.9% | 95.0% | 94.8% | 94.4% | 94.1% | 94.9% | 93.5% | 91.1% | 90.1% | 93.6% | 94.2% | 95.0% | 86.8% | 94.9% | 97.0% | 99.3% | 101.0% |
| — | -0.4% | +0.5% | -0.1% | +0.9% | +0.2% | +1.4% | +3.6% | +4.4% | +1.4% | -0.8% | -4.1% | +3.9% | -1.4% | -2.8% | -4.4% | -14.1% | -6.3% | -4.0% | -2.3% | +6.2% | |
| Operating Margin | 42.1% | 39.7% | 50.0% | 35.4% | 39.2% | 40.8% | 39.0% | 33.0% | 37.3% | 39.0% | 37.1% | 29.7% | 27.4% | 38.8% | 44.5% | 38.8% | 40.3% | 37.8% | 14.0% | 32.9% | 39.7% |
| — | -2.6% | +28.2% | +7.1% | +5.1% | +4.6% | +5.1% | +11.1% | +36.1% | +0.3% | -16.6% | -23.5% | -31.9% | +2.7% | +218.1% | +18.0% | +1.5% | -11.6% | -66.3% | -17.5% | -1.5% | |
| Net Margin | 32.5% | 30.6% | 32.3% | 27.2% | 30.7% | 31.5% | 29.9% | 25.3% | 28.8% | 30.9% | 28.5% | 23.8% | 21.2% | 29.6% | 33.3% | 29.4% | 30.5% | 28.8% | 11.0% | 25.1% | 30.3% |
| — | -3.0% | +8.1% | +7.4% | +6.4% | +1.9% | +5.0% | +6.6% | +36.3% | +4.6% | -14.6% | -19.3% | -30.7% | +2.5% | +203.7% | +17.4% | +0.7% | -10.6% | -65.1% | -16.7% | -1.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 2.8% | 2.9% | 2.3% | 2.6% | 2.8% | 2.5% | 2.0% | 2.4% | 2.5% | 2.4% | 2.0% | 1.8% | 2.7% | 3.4% | 2.8% | 3.0% | 2.5% | 1.0% | 2.0% | 2.6% |
| — | -0.1% | +17.5% | +15.4% | +11.4% | +9.9% | +5.7% | +2.6% | +29.6% | -5.2% | -30.5% | -29.2% | -40.0% | +4.8% | +240.1% | +36.8% | +17.1% | -12.4% | -63.9% | -26.1% | -11.4% | |
| ROA | 1.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.4% | 0.3% | 0.4% | 0.3% | 0.1% | 0.2% | 0.3% |
| — | -5.9% | +11.1% | +11.1% | +10.2% | +9.3% | +9.8% | +11.3% | +40.3% | +3.5% | -26.8% | -27.9% | -39.8% | +2.9% | +243.6% | +46.4% | +28.7% | -1.8% | -59.6% | -22.2% | -11.0% | |
| ROIC | 6.5% | 1.6% | 2.0% | 1.5% | 1.7% | 1.8% | 1.7% | 1.4% | 1.5% | 1.6% | 1.5% | 1.2% | 1.2% | 1.7% | 2.1% | 1.9% | 2.4% | 2.1% | 0.8% | 1.7% | 2.1% |
| — | -9.6% | +22.3% | +6.4% | +9.8% | +13.9% | +14.4% | +14.8% | +32.4% | -7.1% | -32.1% | -37.9% | -52.0% | -21.5% | +164.5% | +14.8% | +14.8% | -10.3% | -64.0% | -23.9% | -4.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.71 | 0.65 | 0.68 | 0.45 | 0.52 | 0.51 | 0.42 | 0.47 | 0.49 | 0.57 | 0.60 | 0.50 | 0.53 | 0.59 | 0.57 | 0.30 | 0.17 | 0.16 | 0.20 | 0.20 |
| — | +36.3% | +28.4% | +63.4% | -4.9% | +6.2% | -10.5% | -30.4% | -6.1% | -7.1% | -4.7% | +4.9% | +68.8% | +205.2% | +270.4% | +191.5% | +50.5% | -15.7% | -25.3% | -9.6% | -28.1% | |
| Debt / EBITDA | 3.12 | 19.86 | 13.71 | 19.82 | 11.95 | 13.07 | 13.65 | 13.55 | 13.52 | 13.76 | 16.38 | 20.46 | 17.90 | 13.36 | 11.93 | 13.92 | 6.76 | 4.49 | 10.34 | 6.25 | 5.19 |
| — | +52.0% | +0.5% | +46.3% | -11.6% | -5.1% | -16.7% | -33.8% | -24.5% | +3.0% | +37.2% | +47.0% | +164.7% | +197.5% | +15.4% | +122.5% | +30.3% | -7.6% | +97.3% | +18.2% | -18.1% | |
| Current Ratio | 0.32 | 0.28 | 0.42 | 0.32 | 0.32 | 0.23 | 0.34 | 0.23 | 0.22 | 0.23 | 0.22 | 0.24 | 0.25 | 0.28 | 0.26 | 0.22 | 0.23 | 0.24 | 0.27 | 0.37 | 0.36 |
| — | +22.9% | +22.8% | +38.1% | +46.7% | -2.4% | +54.8% | -4.8% | -12.6% | -14.7% | -13.4% | +8.6% | +7.1% | +16.6% | -6.0% | -38.8% | -35.5% | -38.8% | -23.6% | +9.0% | +40.9% | |
| Quick Ratio | 0.32 | 0.28 | 0.42 | 0.32 | 0.32 | 0.23 | 0.34 | 0.23 | 0.22 | 0.23 | 0.22 | 0.24 | 0.25 | 0.28 | 0.26 | 0.22 | 0.23 | 0.24 | 0.27 | 0.37 | 0.36 |
| — | +22.9% | +22.8% | +38.1% | +46.7% | -2.4% | +54.8% | -4.8% | -12.6% | -14.7% | -13.4% | +8.6% | +7.1% | +16.6% | -6.0% | -38.8% | -35.5% | -38.8% | -23.6% | +9.0% | +40.9% | |
| Interest Coverage | 1.04 | 1.15 | 1.53 | 1.10 | 1.13 | 1.12 | 1.04 | 0.88 | 0.90 | 0.86 | 0.80 | 0.62 | 0.61 | 1.05 | 1.62 | 1.82 | 4.13 | 8.24 | 5.20 | 19.74 | 24.26 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying MTB stock.
M&T Bank Corporation's current P/E is 10.5x. The average P/E over the last 4 quarters is 11.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
M&T Bank Corporation's current operating margin is 42.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking M&T Bank Corporation's business trajectory between earnings reports.