M&T Bank Corporation (MTB) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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MTB Revenue Growth
Revenue Breakdown (FY 2024)
MTB's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MTB Revenue Analysis (2013–2024)
As of May 8, 2026, M&T Bank Corporation (MTB) generated trailing twelve-month (TTM) revenue of $12.32 billion, reflecting significant decline in growth of -25.9% year-over-year. The most recent quarter (Q3 2025) recorded $2.51 billion in revenue, down 23.7% sequentially.
Looking at the longer-term picture, MTB's 5-year compound annual growth rate (CAGR) stands at +14.1%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $13.40 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows MTB's business is primarily driven by Retail Banking (63%), and Commercial Banking (37%). With over half of revenue concentrated in Retail Banking, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including CFG, HBAN, and RF. Compare MTB vs CFG →
MTB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MTBCurrent | $12.3B | -25.9% | +14.1% | 24.7% | |
 CFG | $12.3B | - | - | 15.3% | |
 HBAN | $12.5B | - | - | 21.5% | |
 RF | $9.6B | - | - | 28.5% | |
 KEY | $11.2B | - | - | 20.6% | |
 FITB | $13.0B | - | - | 22.3% |
MTB Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $13.40B | - | $8.62B | 64.3% | $3.31B | 24.7% |
| 2023 | $12.51B | - | $8.75B | 70.0% | $3.62B | 28.9% |
| 2022 | $8.44B | - | $7.50B | 88.8% | $2.61B | 31.0% |
| 2021 | $6.08B | - | $6.04B | 99.4% | $2.46B | 40.4% |
| 2020 | $6.28B | - | $5.15B | 82.1% | $1.77B | 28.2% |
| 2019 | $6.94B | - | $6.02B | 86.7% | $2.55B | 36.7% |
| 2018 | $6.45B | - | $5.80B | 89.8% | $2.51B | 38.9% |
| 2017 | $6.02B | - | $5.46B | 90.8% | $2.32B | 38.6% |
| 2016 | $5.72B | - | $5.11B | 89.2% | $2.06B | 36.0% |
| 2015 | $5.00B | - | $4.50B | 90.0% | $1.67B | 33.5% |
Full MTB Stock Analysis
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Start ComparisonMTB — Frequently Asked Questions
Quick answers to the most common questions about buying MTB stock.
Is MTB's revenue growth accelerating or slowing?
MTB revenue declined -25.9% year-over-year, contrasting with the 5-year CAGR of +14.1%. TTM revenue fell to $12.3B. This reverses the prior growth trend.
What is MTB's long-term revenue growth rate?
M&T Bank Corporation's 5-year revenue CAGR of +14.1% reflects the variable expansion pattern. Current YoY growth of -25.9% is below this long-term average.
How is MTB's revenue distributed by segment?
MTB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.