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Friday 6 November 2026 Export MTB’s income statement to Excel — free account

M&T Bank Corporation

MTB Financial Banks Regional

M&T Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $13.2 billion, down 1.67% from fiscal 2024.

Revenue
−0.64%
EPS
+4.74%
Free cash flow
+52.4%
Total debt
+5.57%

Quarter to September 2026, against a year earlier

219.83 4.81 −2.14%
Market cap
$31.7B
P/E
11.4×
Fwd P/E
11.3×
Dividend yield
2.73%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

M&T Bank Corporation (MTB) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, M&T Bank Corporation (MTB) trades at a P/B ratio of 1.3×. Over the past ten years it has ranged from 0.7× (October 2023) to 2.0× (March 2018); the current reading is higher than 55% of that period. That is above the Banks Regional industry median of 1.2× and in line with the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× 2.75%
FY2024 1.2× 26.75%
FY2023 0.9× (8.64%)
FY2022 1.0× (17.02%)
FY2021 1.2× 11.57%
FY2020 1.1× (30.50%)
FY2019 1.6× 8.90%
FY2018 1.4× (16.48%)
FY2017 1.7× 7.67%
FY2016 1.6× 45.18%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.3× (2.99%)
Jun 2026 1.4× 12.68%
Mar 2026 1.2× 0.03%
Dec 2025 1.2× 3.43%
43 more quarters

Against its own ten years

Low 0.7× High 2.0×
Ten-year median 1.3×
Current reading's percentile 60

P/B ratio against peers

Company P/B ratio
BBDO Banco Bradesco SA compare 0.7×
SHG Shinhan Financial Group Co Ltd compare 0.7×
KB KB Financial Group Inc compare 0.9×
HBAN Huntington Bancshares Incorporated compare 1.1×
CFG Citizens Financial Group, Inc. compare 1.2×
FCNCA First Citizens BancShares, Inc. compare 1.3×
MTB M&T Bank Corporation 1.3×
ITUB Itau Unibanco Holding S.A. compare 1.8×
BAP Credicorp Ltd. compare 2.4×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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