M&T Bank Corporation MTB

221.19 2.53 1.16% as of 25 Sep
Market cap
$31.6B
P/E
11.6×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 26.38
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 2 — 2 5 — — 1 3 2 4 1
Insider Ownership 1.36%

Capital & Financial Ratios

Market Cap 31,580.00
Revenue 13,350.00
Net Income 3,033.00
Free Cash Flow 3,595.00
Net Debt (3,870.00)
Current Ratio 0.96
Debt/Equity 0.49
P/E ratio 11.60
P/S ratio 2.42
P/B ratio 1.26
Past 5Y EPS Growth 1.25%
This Y EPS Growth 13.78%
Next Y EPS Growth 8.86%
Next 5Y EPS Growth 11.04%
in millions of $

Dividends

Payout Ratio 0.29
Annual Dividend Rate 5.20
Annual Dividend Yield 4.05%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 6.16
1.50
1.50
1.50
2025 5.70
1.35
1.35
1.50
1.50
2024 5.35
1.30
1.35
1.35
1.35
2023 5.20
1.30
1.30
1.30
1.30
2022 4.80
1.20
1.20
1.20
1.20
2021 4.50
1.10
1.10
1.10
1.20
2020 4.40
1.10
1.10
1.10
1.10
2019 4.10
1.00
1.00
1.00
1.10
2018 3.55
0.75
0.80
1.00
1.00
2017 3.00
0.75
0.75
0.75
0.75
2016 2.80
0.70
0.70
0.70
0.70
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 29,906 20,883 18,866 17,438
Receivables — — — —
Inventory — — — —
Other — — — —
171,016 163,790 166,703 170,648
2023 2024 2025 Q'26
Payables 163,274 161,095 166,909 168,885
ST’ Debt — — — —
Other — — — —
173,106 166,473 173,422 177,747
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 10.23% 16.06% 15.42%
Cash Flow 5.59% 30.64% (13.09%)
Earnings 10.58% 16.11% 12.59%
Book Value 6.08% 12.51% 4.84%

Revenue

Mar Jun Sep Dec Year
’26 3,225 3,360 — — —
’25 3,171 3,292 3,432 3,333 13,228
’24 3,325 3,373 3,391 3,364 13,453
’23 2,914 3,319 3,201 3,318 12,752
’22 1,469 2,036 2,345 2,754 8,604
’21 1,523 1,484 1,562 1,537 6,106
’20 1,650 1,520 1,522 1,590 6,281
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 1,012 1,268 — — —
’25 635 844 1,001 523 3,003
’24 608 1,354 (28) 1,676 3,610
’23 428 1,257 1,420 800 3,905
’22 1,296 1,187 1,137 954 4,574
’21 995 537 486 697 2,715
’20 (394) 526 (6) 664 789
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 916 1,247 — — —
’25 610 818 965 467 2,860
’24 573 1,288 (58) 1,591 3,394
’23 373 1,211 1,353 712 3,649
’22 1,268 1,128 1,098 867 4,360
’21 964 524 444 635 2,566
’20 (446) 483 (38) 617 617
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 4.13 5.32 — — —
’25 3.32 4.24 4.82 4.67 17.00
’24 3.02 3.73 4.02 3.86 14.64
’23 4.01 5.05 3.98 2.74 15.79
’22 2.62 1.08 3.53 4.29 11.53
’21 3.33 3.41 3.69 3.37 13.80
’20 1.93 1.74 2.75 3.52 9.94
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
100.08 141.12 133.78 141.11 85.09 125.45 138.43 108.53 128.31 150.75

Analyst estimates 2026–2028

Powerpack
Low Price
158.35 176.62 197.37 176.11 174.00 168.27 193.42 161.99 225.70 208.26
High Price
16,973 16,794 17,267 17,773 17,373 17,569 22,808 22,223 22,354 22,278
Employees
0 0 0 0 0 0 0 1 1 1
Revenue/Emp
5,722 6,019 6,455 6,941 6,281 6,106 8,604 12,752 13,453 13,228
Revenue
92.56% 93.57% 91.84% 89.20% 94.80% 98.13% 95.06% 75.62% 68.97% 73.25%
Gross Margin
2,058 2,324 2,508 2,547 1,770 2,455 2,612 3,619 3,310 3,692
EBT
35.97% 38.61% 38.86% 36.70% 28.17% 40.21% 30.36% 28.38% 24.60% 27.91%
EBT Margin
1,315 1,408 1,918 1,929 1,353 1,859 1,992 2,741 2,588 2,851
Net Income
201 197 179 301 320 324 435 497 508 498
Depreciation
36.50 39.56 44.83 51.64 48.83 47.46 52.73 76.65 80.81 83.79
Revenue/Sh
7.80 8.72 12.75 13.76 9.94 13.81 11.59 15.85 14.71 17.10
Earnings/Sh
7.55 18.28 14.51 17.54 6.13 21.10 28.03 23.47 21.68 19.02
Cash Flow/Sh
(0.69) (0.52) (0.68) (1.32) (1.34) (1.16) (1.31) (1.54) (1.30) (0.91)
Capex/Sh
6.86 17.76 13.84 16.21 4.80 19.95 26.72 21.93 20.39 18.12
Free CF/Sh
105.16 106.80 107.37 116.92 125.84 139.16 155.16 162.04 174.36 184.81
Book Value/Sh
157 152 144 134 129 129 163 166 166 158
Shares
20.09 19.68 11.18 12.34 12.81 11.12 12.52 8.77 12.78 11.76
PE Ratio
4.29 4.33 3.19 3.29 2.61 3.24 2.75 1.81 2.33 2.40
PS Ratio
1.61 1.73 1.45 1.58 1.10 1.22 1.01 0.93 1.18 1.21
PB Ratio
4.79 4.58 2.97 2.98 (0.88) (3.28) 0.12 0.11 1.71 1.81
EV/Sales
25.49 10.20 9.62 9.50 (8.96) (7.80) 0.23 0.39 6.78 8.37
EV/FCF
1,183 2,782 2,090 2,358 789 2,715 4,574 3,905 3,610 3,003
Op' Cash Flow
(108) (79) (98) (178) (172) (149) (214) (256) (216) (143)
Capex
1,076 2,703 1,992 2,180 617 2,566 4,360 3,649 3,394 2,860
FCF
4,364 4,417 5,925 7,442 7,755 8,491 (6,281) (2,090) (2,683) (6,719)
Working Cap'
9,494 8,141 8,445 6,986 4,382 3,485 3,965 8,201 12,605 10,911
Total Debt
2,849 1,509 (1,451) (2,110) (21,903) (39,774) (22,632) (21,705) (8,278) (7,955)
Net Debt
16,487 16,251 15,460 15,717 16,187 17,903 25,318 26,957 29,027 29,177
Sh' Equity
0.99% 1.10% 1.54% 1.54% 0.97% 1.19% 1.06% 1.29% 1.18% 1.28%
ROA
6.65% 8.18% 11.19% 11.70% 0.00% 0.00% 60.78% 43.07% 9.97% 10.87%
ROIC
8.10% 8.77% 12.55% 12.89% 8.70% 11.43% 9.58% 10.93% 9.50% 10.19%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

MTB metrics, ten years each

M&T Bank Corporation (MTB) key facts

  • M&T Bank Corporation (MTB) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
  • M&T Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, down 1.67% from fiscal 2024.
  • Net income was $2.9 billion, or $17.10 per share (basic), a net margin of 20.4%.
  • As of September 25, 2026, MTB traded at $221.19, a market capitalization of $31.6 billion.
  • At that price the stock trades at 11.6× trailing-twelve-month earnings and 2.4× sales.
  • M&T Bank Corporation pays an annual dividend of $5.20 per share, a yield of 4.05%, with a payout ratio of 29.2%.
  • Return on equity was 10.2% and debt-to-equity 0.49.

Source: company filings (standardised) and stockrow calculations.

M&T Bank Corporation (MTB) Latest News

News by impact score

Fine-tune

24 Sep

4

MTB opened a new full-service branch at 25 Pineridge Road in Torrington, CT, with tellers, drive-thru, walk-up ATM and private meeting rooms for consumer and small-business banking. It also filed an omnibus shelf registration covering debt, preferred stock, depositary shares, common stock and warrants, a flexible funding option without a set timetable. MTB is valued around US$31.7 billion and generates about US$9.5 billion in revenue across commercial banking, retail and wealth management. The company projects 2026 fee revenue of US$2.8–2.85 billion and maintains a multi-year tech-and-process investment plan. Shares have pulled back recently, though longer-term metrics show solid returns; Simply Wall St notes a fair value near US$259.86 per share and an implied ~16% undervaluation. The bank also donated US$3,000 to Friendly Hands Food Bank, tying community support to expansion. Expansion and shelf filing position MTB for stronger growth and funding flexibility, likely influencing future performance and sentiment.

3

M&T Bank has surged 89.7% over three years, trading around $218.66 as investors weigh whether the gains are backed by returns on capital. The stock’s 11.0x P/E contrasts with an estimated EPS of $22.06 and an ROE near 11.47%, against a cost of equity of 13.91%, implying about $8.15 of excess value per share. Analysts project the bank’s book value per share to rise to about $192.27, with investors modeling that the current price leaves room for those returns to matter. A Simply Wall St narrative flags ongoing technology and process investments of roughly $1.2B annually and a push for cost efficiencies; a claim that MTB is about 16% undervalued rests on these efficiency improvements and management incentives. Excess returns suggest upside if ROE-driven gains materialize, but execution risk and reliance on efficiency improvements temper the impact.

21 Sep

3

MTB shows solid loan growth and expanding fee businesses, aided by AI, signaling near-term earnings momentum. For 2026, it guides average loans of $141–$143 billion (up from $140–$142B) on healthy demand from middle-market and large corporate clients, with taxable-equivalent net interest income of $7.2–$7.35B and a NIM in the high-3.60% range. Fee revenues are expected to reach the upper end of $2.8–$2.85B as capital markets, wealth management and mortgage placement diversify revenue and capitalize on capital efficiency. AI deployment across credit underwriting, fraud detection and cybersecurity could boost productivity and operating leverage over time. The company projects earnings growth of about 13.1% in 2026 and 9.5% in 2027. AI-driven productivity plus loan/fee growth support earnings, but execution risk and macro headwinds keep upside moderate.

18 Sep

4

M&T Bank projects broad loan growth through 2026 as AI initiatives and fee businesses gain momentum. Forward 2026 loan growth guidance plus AI and fee business traction signals major positive operational shifts for M&T Bank.

2 Sep

4

M&T Bank Corporation deploys technology initiatives to strengthen its competitive position against other banks. Tech-focused strategy represents a major move that can alter MTB's operational efficiency and market positioning.

10 Aug

3

MTB is presented as a surging stock with exciting potential while two other stocks are flagged as risky. Positive labeling of MTB as a surging stock with potential may lift near-term investor sentiment and share performance.

20 Jul

3

M&T Bank Corporation beat second-quarter earnings expectations, prompting analysis of whether the stock is a buy amid its financial results and market positioning. M&T Bank's second-quarter earnings beat can moderately sway investor sentiment and near-term stock trajectory without fundamentally reshaping long-term outlook.

15 Jul

4

M&T Bank Corporation reported Q2 2026 earnings results during its earnings call, covering financial performance metrics and operational highlights. Q2 2026 earnings results directly shape investor views and MTB stock trajectory.

4

Rising loan volumes have driven M&T Bank Corporation earnings to a record high. Record earnings from higher loan volumes strengthen financial results and lift investor sentiment for M&T Bank.

4

M&T Bank posted record Q2 2026 EPS driven by higher interest income. Record EPS signals strong performance that can lift valuation and investor sentiment.

3 transcript

M&T Bank Corporation held its Q2 2026 earnings call, covering financial results, performance metrics, and management commentary on operations and outlook. Quarterly earnings details and forward guidance typically produce short-term share price movement without altering long-term strategy.

3

M&T Bank Corp posted record earnings and strong loan growth in Q2 2026. Record earnings and loan growth signal positive financial results that can moderately affect near-term stock performance and sentiment.

3

M&T Bank Q2 earnings call highlights released covering financial performance and outlook. Quarterly earnings highlights supply key metrics that can shift short-term investor sentiment and stock trajectory for MTB.

3

M&T Bank reported Q2 results with EPS, revenue and other metrics compared to Wall Street consensus estimates. Quarterly earnings versus estimates can shift near-term investor sentiment on financial performance.

3

MTB shares rose after Q2 earnings beat estimates on higher net interest income and fee income growth. Q2 earnings beat signals stronger near-term financial results for MTB.

3

M&T Bank’s Q2 CY2026 sales exceeded analyst estimates. Quarterly sales beat provides moderate positive signal for near-term financial results and sentiment.

3

M&T Bank Corporation reported second quarter 2026 results. Quarterly earnings release can moderately affect near-term stock performance and sentiment.

13 Jul

3

M&T Bank expects Q2 earnings support from higher net interest income and loan growth despite persistent cost pressures. Near-term earnings drivers and cost issues are likely to produce moderate effects on quarterly results and sentiment without major long-term shifts.

7 Jul

3

M&T Bank reported Q1 earnings, triggering analysis of whether investors should buy, sell or hold MTB shares based on financial results and outlook. Q1 earnings release and related stock advice can moderately sway near-term investor sentiment and trading in MTB.

6 Jul

3

Morgan Stanley downgraded Truist and Prosperity, citing expectations of intensified deposit competition that will pressure their funding costs and profitability, with similar risks extending to M&T Bank amid broader sector dynamics. Sector-wide deposit competition pressure will moderately affect MTB's margins and competitive positioning without fundamentally altering its trajectory.

16 Jun

4

M&T Bank reported Q1 earnings with key metrics compared against other regional banks, showing relative performance in profitability, loan growth and efficiency ratios. Q1 earnings results and peer comparisons directly affect MTB valuation, guidance expectations and near-term stock movement.

17 May

3

M&T Bank faces scrutiny in the regional banking sector, prompting questions over its investment attractiveness amid regulatory pressures and shifting market dynamics. Sector scrutiny may influence M&T Bank's investor sentiment and short-term valuation without fundamentally altering long-term operations.

15 May

3

M&T Bank (MTB) shares declined 5.2% since the last earnings report, underperforming the industry (-1.2%) and S&P 500 (+2.1%), due to year-over-year earnings drop amid weak loan growth, higher provisions for credit losses, and soft net interest income. Post-earnings decline highlights moderately noticeable concerns over financial metrics like earnings contraction and credit provisions.

2 May

3

M&T Bank (NYSE:MTB) deserves investor attention due to its compelling valuation, consistent earnings growth, robust balance sheet, and potential for future expansion in a favorable banking environment. Positive emphasis on MTB's strong fundamentals and growth potential could moderately enhance investor sentiment and near-term market performance.

22 Apr

3

Five revealing analyst questions from M&T Bank’s Q1 earnings call highlight concerns on loan growth, deposit trends, net interest margins, credit quality, and strategic outlook. Analyst questions on core banking metrics like loans, deposits, and margins could moderately influence investor sentiment and stock performance.

19 Apr

4

M&T Bank Corporation (MTB) reported strong Q1 results and executed share repurchases, prompting a positive valuation analysis amid robust financial performance. Strong Q1 earnings and share repurchases enhance financial metrics and investor sentiment, significantly impacting valuation and market performance.

16 Apr

4

M&T Bank Corporation (MTB) reported balanced loan growth, strong fee income momentum, and disciplined capital management in Q1. Q1 results demonstrate balanced growth and fee strength, positioning MTB for enhanced financial performance and investor sentiment.

3

M&T Bank Corp (MTB) Q1 2026 earnings call highlights strategic navigation of challenges amid ongoing operations. Q1 earnings highlights indicate moderately noticeable influence on financial performance via strategic challenge management.

15 Apr

4

M&T Bank Corporation released Q1 2026 earnings call summary detailing financial results, performance metrics, and future outlook. Quarterly earnings call summary reveals financial performance and guidance directly impacting MTB's stock price and market trajectory.

4

M&T Bank Corporation's Q1 earnings beat expectations due to strong year-over-year growth in net interest income and fee income. Q1 earnings beat on robust NII and fee income growth significantly boosts MTB's financial performance and investor sentiment.

stockrow.com/MTB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com