M&T Bank Corp (MTB)
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides 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, deposit products, cash management services, commercial real estate loans, and credit facilities secured by various commercial real estate properties 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, direct deposit, and merchant credit card 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, and administrative services; personal trust, planning and advisory, 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. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
- Symbol
- MTB
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Banks - Regional
- Market cap
- $31.97B
- 52 week range
- 174.76 - 255.95
Valuation
- Share price
- $219.14 (close of 2026-10-02)
- P/E (TTM)
- 11.52x
- Price to book
- 1.14x
- Price to free cash flow
- 8.40x
- Enterprise value
- $32.65B
- Book value per share
- $191.55
Price performance
| Period | Change |
|---|---|
| 1 day | +0.82% |
| 5 days | -0.93% |
| 1 month | -6.94% |
| 3 months | -8.26% |
| 6 months | +4.27% |
| Year to date | +8.77% |
| 1 year | +12.02% |
| 3 years | +79.48% |
| 5 years | +43.42% |
| 10 years | +88.75% |
| All time | +40481.48% |
Members of Congress who disclosed MTB trades
Val Hoyle · Gilbert Ray Cisneros
Super investors holding MTB
John Rogers (Ariel Investments LLC) · Ken Griffin (Citadel) · David Katz (Matrix Asset Advisors Inc) · Christopher Davis (Davis Selected Advisers) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 9.77%
- Return on assets
- 1.34%
- Net margin
- 172.06%
- EBITDA margin
- 455.82%
- Revenue growth
- 7.53%
- Net income growth
- 10.16%
- Free cash flow growth
- -16.81%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 11.90%
- Net debt to EBITDA
- 0.09x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $1.66B
- EBITDA
- $7.55B
- Net income
- $2.85B
- Earnings per share
- $17.10
- Interest expense
- $3.54B
- Shares outstanding
- 157.88M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | $1.66B | $2.85B | $17.10 |
| 2024-12-31 | $1.54B | $2.59B | $14.71 |
| 2023-12-31 | $1.48B | $2.74B | $15.85 |
| 2022-12-31 | $1.52B | $1.99B | $11.59 |
| 2021-12-31 | $5.99B | $1.86B | $13.81 |
| 2020-12-31 | $5.95B | $1.35B | $9.94 |
| 2019-12-31 | $6.19B | $1.93B | $13.76 |
| 2018-12-31 | $5.93B | $1.92B | $12.75 |
| 2017-12-31 | $5.63B | $1.41B | $8.72 |
| 2016-12-31 | $5.30B | $1.32B | $7.80 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 172.06% | 9.77% |
| 2024-12-31 | 167.94% | 8.92% |
| 2023-12-31 | 184.70% | 10.17% |
| 2022-12-31 | 130.62% | 7.87% |
| 2021-12-31 | 31.02% | 10.38% |
| 2020-12-31 | 22.72% | 8.36% |
| 2019-12-31 | 31.16% | 12.27% |
| 2018-12-31 | 32.35% | 12.41% |
| 2017-12-31 | 25.00% | 8.67% |
| 2016-12-31 | 24.83% | 7.98% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $18.77B | $10.91B |
| 2024-12-31 | $20.78B | $12.61B |
| 2023-12-31 | $29.80B | $8.20B |
| 2022-12-31 | $26.48B | $3.96B |
| 2021-12-31 | $1.34B | $3.49B |
| 2020-12-31 | $1.55B | $4.38B |
| 2019-12-31 | $1.44B | $6.99B |
| 2018-12-31 | $1.61B | $8.44B |
| 2017-12-31 | $1.42B | $8.14B |
| 2016-12-31 | $1.32B | $9.49B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $3.00B | $136.00M |
| 2024-12-31 | $3.61B | $116.00M |
| 2023-12-31 | $3.65B | $118.00M |
| 2022-12-31 | $4.36B | $111.00M |
| 2021-12-31 | $2.57B | $85.00M |
| 2020-12-31 | $617.19M | $80.00M |
| 2019-12-31 | $2.18B | $76.00M |
| 2018-12-31 | $1.99B | $66.00M |
| 2017-12-31 | $2.70B | $61.00M |
| 2016-12-31 | $1.08B | $65.00M |
Dividend history
- Most recent payment
- 2026-09-01
- Paid in the last twelve months
- $6.00
| Payment date | Dividend per share |
|---|---|
| 2026-09-01 | $1.50 |
| 2026-06-01 | $1.50 |
| 2026-03-02 | $1.50 |
| 2025-12-01 | $1.50 |
| 2025-09-02 | $1.50 |
| 2025-06-02 | $1.35 |
| 2025-03-03 | $1.35 |
| 2024-12-02 | $1.35 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-16
- Consensus EPS estimate
- $5.00
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-15 | Jun/2026 | $4.66 |
| 2026-04-15 | Mar/2026 | $4.02 |
| 2026-01-16 | Dec/2025 | $4.44 |
| 2025-10-16 | Sep/2025 | $4.40 |
| 2025-07-16 | Jun/2025 | $4.04 |
| 2025-04-14 | Mar/2025 | $3.41 |
| 2025-01-16 | Dec/2024 | $3.70 |
| 2024-10-17 | Sep/2024 | $3.60 |
Filings and sources
- Company website
- mtb.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Huntington Bancshares Inc (HBAN) · Fifth Third Bancorp (FITB) · Citizens Financial Group Inc (CFG) · Truist Financial Corp (TFC) · First Citizens BancShares Inc (FCNCA) · Nu Holdings Ltd. (NU) · Regions Financial Corp (RF) · PNC Financial Services Group, Inc. (PNC)
All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades