Symbols / MTB Stock $220.28 +2.92% M&T Bank Corporation

Financial Services • Banks - Regional • United States • NYQ
MTB (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Rene F. Jones CPA
Exch · Country NYQ · United States
Market Cap 32.26B
Enterprise Value 36.57B
Income 2.77B
Sales 9.31B
FCF (ttm) —
Book/sh 173.83
Cash/sh 113.74
Employees 21,866
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 32.85%
P/E 12.37
Forward P/E 10.56
PEG 1.37
P/S 3.46
P/B 1.27
P/C —
EV/EBITDA —
EV/Sales 3.93
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 17.81
EPS next Y 20.86
EPS Growth 24.40%
Revenue Growth 5.70%
EPS Gr Q/Q 13.70%
Rev Gr Q/Q —
Earnings (next) 2026-07-15
Earnings (prior) 2026-04-15
ROA 1.38%
ROE 10.29%
ROIC —
Gross Margin 0.00%
Oper. Margin 38.90%
Profit Margin 31.48%
Shs Outstand 146.45M
Shs Float 145.75M
Insider Own 0.34%
Instit Own 93.14%
Short Float 4.32%
Short Ratio 5.47
Short Interest 5.47M
52W High 239.00
vs 52W High -7.83%
52W Low 174.76
vs 52W Low 26.05%
Beta 0.59
Impl. Vol. 32.86%
Rel Volume 0.18
Avg Volume 1.07M
Volume 195.55K
Target (mean) $233.17
Tgt Median $230.00
Tgt Low $205.00
Tgt High $265.00
# Analysts 18
Recom Hold
Prev Close $214.03
Price $220.28
Change 2.92%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$233.17
Mean price target
2. Current target
$220.28
Latest analyst target
3. DCF / Fair value
$267.15
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$220.28
Low
$205.00
High
$265.00
Mean
$233.17

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-21 reit RBC Capital Outperform → Outperform $225
2026-04-30 main JP Morgan Neutral → Neutral $227
2026-04-17 main Cantor Fitzgerald Overweight → Overweight $253
2026-04-16 main DA Davidson Neutral → Neutral $235
2026-04-16 main RBC Capital Outperform → Outperform $225
2026-04-07 main JP Morgan Neutral → Neutral $232
2026-03-31 main Morgan Stanley Equal-Weight → Equal-Weight $245
2026-03-03 main Cantor Fitzgerald Overweight → Overweight $255
2026-03-02 main Morgan Stanley Equal-Weight → Equal-Weight $271
2026-02-09 main JP Morgan Neutral → Neutral $245
2026-01-20 main RBC Capital Outperform → Outperform $220
2026-01-16 main Jefferies Buy → Buy $255
2026-01-07 main TD Cowen Buy → Buy $250
2026-01-07 down Wolfe Research Outperform → Peer Perform —
2026-01-07 down B of A Securities Buy → Neutral $225
2026-01-06 down Evercore ISI Group Outperform → In-Line $225
2026-01-05 main Barclays Equal-Weight → Equal-Weight $236
2025-12-17 main Keefe, Bruyette & Woods Market Perform → Market Perform $230
2025-12-12 down Truist Securities Buy → Hold $217
2025-10-20 main TD Cowen Buy → Buy $245
News
RSS: Latest MTB news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-07 KAY CHRISTOPHER E Officer — 3,105 $216.50 $672,232
2026-04-30 LEDGETT RICHARD H. JR. Director — 664 $0.00 $0
2026-04-30 CHWICK JANE P Director — 664 $0.00 $0
2026-04-30 CRUGER WILLIAM FRANK JR Director — 687 $0.00 $0
2026-04-30 SESERI RUDINA Director — 664 $0.00 $0
2026-04-30 CHARLES CARLTON J Director — 664 $0.00 $0
2026-04-30 WASHINGTON HERBERT L Director — 664 $0.00 $0
2026-04-30 BARNES JOHN P Director — 664 $0.00 $0
2026-04-30 SALAMONE DENIS J Director — 664 $0.00 $0
2026-04-30 RICH MELINDA R Director — 664 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
9,632.00
+4.34%
9,231.00
-1.78%
9,398.00
+17.28%
8,013.00
Operating Revenue
9,632.00
+4.34%
9,231.00
-1.78%
9,398.00
+17.28%
8,013.00
Selling General And Administration
3,494.00
+3.43%
3,378.00
-1.23%
3,420.00
+15.27%
2,967.00
Selling And Marketing Expense
102.00
-1.92%
104.00
-3.70%
108.00
+20.00%
90.00
General And Administrative Expense
3,392.00
+3.60%
3,274.00
-1.15%
3,312.00
+15.12%
2,877.00
Salaries And Wages
3,342.00
+5.69%
3,162.00
+5.51%
2,997.00
+7.53%
2,787.00
Reconciled Depreciation
498.00
-1.97%
508.00
+2.21%
497.00
+14.25%
435.00
Total Unusual Items
38.00
+211.76%
-34.00
-115.11%
225.00
+65.44%
136.00
Total Unusual Items Excluding Goodwill
38.00
+211.76%
-34.00
-115.11%
225.00
+65.44%
136.00
Special Income Charges
38.00
+211.76%
-34.00
-115.11%
225.00
+65.44%
136.00
Other Special Charges
—
34.00
-82.74%
197.00
—
Restructuring And Mergern Acquisition
—
0.00
0.00
+100.00%
-136.00
Net Income
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Pretax Income
3,692.00
+11.54%
3,310.00
-8.54%
3,619.00
+38.55%
2,612.00
Net Interest Income
6,948.00
+1.40%
6,852.00
-3.70%
7,115.00
+22.21%
5,822.00
Interest Expense
3,538.00
-15.24%
4,174.00
+34.26%
3,109.00
+631.53%
425.00
Interest Income
10,486.00
-4.90%
11,026.00
+7.84%
10,224.00
+63.66%
6,247.00
Gain On Sale Of Security
2.00
-80.00%
10.00
+150.00%
4.00
+166.67%
-6.00
Gain On Sale Of Business
38.00
0.00
-100.00%
225.00
0.00
Tax Provision
841.00
+16.48%
722.00
-17.77%
878.00
+41.61%
620.00
Tax Rate For Calcs
0.00
+4.43%
0.00
-10.24%
0.00
+2.37%
0.00
Tax Effect Of Unusual Items
8.66
+216.72%
-7.42
-113.56%
54.67
+69.37%
32.28
Net Income Including Noncontrolling Interests
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Net Income From Continuing Operation Net Minority Interest
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Net Income From Continuing And Discontinued Operation
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Net Income Continuous Operations
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Normalized Income
2,821.66
+7.92%
2,614.58
+1.71%
2,570.68
+36.14%
1,888.28
Net Income Common Stockholders
2,699.00
+10.21%
2,449.00
-7.09%
2,636.00
+39.40%
1,891.00
Otherunder Preferred Stock Dividend
6.00
+20.00%
5.00
+0.00%
5.00
+25.00%
4.00
Diluted EPS
17.00
+16.12%
14.64
-7.28%
15.79
+36.95%
11.53
Basic EPS
17.10
+16.25%
14.71
-7.19%
15.85
+36.76%
11.59
Basic Average Shares
157.84
-5.20%
166.49
+0.11%
166.31
+1.91%
163.20
Diluted Average Shares
158.79
-5.10%
167.32
+0.19%
167.00
+1.81%
164.03
Diluted NI Availto Com Stockholders
2,699.00
+10.21%
2,449.00
-7.09%
2,636.00
+39.40%
1,891.00
Average Dilution Earnings
—
—
—
0.01
Amortization
42.00
-20.75%
53.00
-14.52%
62.00
+10.71%
56.00
Amortization Of Intangibles Income Statement
42.00
-20.75%
53.00
-14.52%
62.00
+10.71%
56.00
Depreciation Amortization Depletion Income Statement
42.00
-20.75%
53.00
-14.52%
62.00
+10.71%
56.00
Depreciation And Amortization In Income Statement
42.00
-20.75%
53.00
-14.52%
62.00
+10.71%
56.00
Insurance And Claims
50.00
-55.36%
112.00
-64.44%
315.00
+250.00%
90.00
Occupancy And Equipment
525.00
+2.54%
512.00
-1.54%
520.00
+9.70%
474.00
Other Non Interest Expense
1,076.00
+3.66%
1,038.00
+7.68%
964.00
-7.66%
1,044.00
Preferred Stock Dividends
146.00
+8.96%
134.00
+34.00%
100.00
+3.09%
97.00
Professional Expense And Contract Services Expense
356.00
+3.49%
344.00
-16.71%
413.00
-18.86%
509.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
213,510.00
+2.60%
208,105.00
-0.08%
208,264.00
+3.75%
200,730.00
Cash And Cash Equivalents
18,769.00
-9.69%
20,782.00
-30.26%
29,800.00
+12.55%
26,476.00
Cash Financial
1,701.00
-10.90%
1,909.00
+10.28%
1,731.00
+14.11%
1,517.00
Other Short Term Investments
20,351.00
+7.97%
18,849.00
+80.55%
10,440.00
-2.87%
10,749.00
Receivables
—
—
2,814.00
+8.99%
2,582.00
Accounts Receivable
—
—
9,171.00
+2.70%
8,930.00
Other Receivables
—
—
2,814.00
+8.99%
2,582.00
Net PPE
1,629.00
-4.46%
1,705.00
-1.96%
1,739.00
+5.14%
1,654.00
Gross PPE
2,986.00
-1.48%
3,031.00
+2.43%
2,959.00
+5.30%
2,810.00
Accumulated Depreciation
-1,357.00
-2.34%
-1,326.00
-8.69%
-1,220.00
-5.54%
-1,156.00
Land And Improvements
137.00
-6.16%
146.00
-1.35%
148.00
-0.67%
149.00
Buildings And Improvements
734.00
+4.41%
703.00
+2.63%
685.00
+4.74%
654.00
Machinery Furniture Equipment
1,128.00
-5.21%
1,190.00
+8.48%
1,097.00
+9.26%
1,004.00
Other Properties
544.00
-4.39%
569.00
-7.63%
616.00
+0.00%
616.00
Leases
443.00
+4.73%
423.00
+2.42%
413.00
+6.72%
387.00
Goodwill And Other Intangible Assets
8,529.00
-0.35%
8,559.00
-0.62%
8,612.00
-1.00%
8,699.00
Goodwill
8,465.00
+0.00%
8,465.00
+0.00%
8,465.00
-0.29%
8,490.00
Other Intangible Assets
64.00
-31.91%
94.00
-36.05%
147.00
-29.67%
209.00
Investments And Advances
36,746.00
+7.60%
34,152.00
+26.47%
27,003.00
+6.61%
25,329.00
Total Liabilities Net Minority Interest
184,333.00
+2.93%
179,078.00
-1.23%
181,307.00
+3.36%
175,412.00
Payables And Accrued Expenses
—
—
4,516.00
+3.18%
4,377.00
Payables
—
—
4,516.00
+3.18%
4,377.00
Accounts Payable
—
—
4,516.00
+3.18%
4,377.00
Current Debt And Capital Lease Obligation
2,100.00
+110.00%
1,000.00
-80.00%
5,000.00
+56.25%
3,200.00
Current Debt
2,100.00
+110.00%
1,000.00
-80.00%
5,000.00
+56.25%
3,200.00
Other Current Borrowings
2,100.00
+110.00%
1,000.00
-80.00%
5,000.00
+56.25%
3,200.00
Long Term Debt And Capital Lease Obligation
10,911.00
-13.44%
12,605.00
+53.70%
8,201.00
+106.83%
3,965.00
Long Term Debt
10,911.00
-13.44%
12,605.00
+53.70%
8,201.00
+106.83%
3,965.00
Stockholders Equity
29,177.00
+0.52%
29,027.00
+7.68%
26,957.00
+6.47%
25,318.00
Common Stock Equity
26,343.00
-1.09%
26,633.00
+6.76%
24,946.00
+7.03%
23,307.00
Capital Stock
2,924.00
+17.71%
2,484.00
+18.17%
2,102.00
+0.00%
2,102.00
Common Stock
90.00
+0.00%
90.00
-1.10%
91.00
+0.00%
91.00
Preferred Stock
2,834.00
+18.38%
2,394.00
+19.05%
2,011.00
+0.00%
2,011.00
Share Issued
179.44
+0.00%
179.44
+0.00%
179.44
-0.01%
179.45
Ordinary Shares Number
151.83
-8.27%
165.51
-0.37%
166.14
-1.86%
169.29
Treasury Shares Number
27.60
+98.27%
13.92
+4.68%
13.30
+30.84%
10.17
Additional Paid In Capital
10,011.00
+0.12%
9,999.00
-0.21%
10,020.00
+0.18%
10,002.00
Retained Earnings
20,882.00
+9.45%
19,079.00
+8.87%
17,524.00
+11.24%
15,754.00
Gains Losses Not Affecting Retained Earnings
277.00
+268.90%
-164.00
+64.27%
-459.00
+41.90%
-790.00
Treasury Stock
4,917.00
+107.38%
2,371.00
+6.32%
2,230.00
+27.43%
1,750.00
Other Equity Adjustments
277.00
+268.90%
-164.00
+64.27%
-459.00
+41.90%
-790.00
Total Equity Gross Minority Interest
29,177.00
+0.52%
29,027.00
+7.68%
26,957.00
+6.47%
25,318.00
Total Capitalization
40,088.00
-3.71%
41,632.00
+18.41%
35,158.00
+20.06%
29,283.00
Invested Capital
39,354.00
-2.20%
40,238.00
+5.48%
38,147.00
+25.19%
30,472.00
Total Debt
13,011.00
-4.37%
13,605.00
+3.06%
13,201.00
+84.24%
7,165.00
Net Tangible Assets
20,648.00
+0.88%
20,468.00
+11.57%
18,345.00
+10.39%
16,619.00
Tangible Book Value
17,814.00
-1.44%
18,074.00
+10.65%
16,334.00
+11.82%
14,608.00
Available For Sale Securities
4,276.00
+324.63%
1,007.00
-10.65%
1,127.00
+20.92%
932.00
Cash Cash Equivalents And Federal Funds Sold
18,769.00
-9.69%
20,782.00
-30.26%
29,800.00
+12.54%
26,479.00
Held To Maturity Securities
12,022.00
-15.31%
14,195.00
-7.40%
15,330.00
+13.30%
13,530.00
Preferred Shares Number
10.26
-94.28%
179.44
+1694.37%
10.00
+0.00%
10.00
Preferred Stock Equity
2,834.00
+18.38%
2,394.00
+19.05%
2,011.00
+0.00%
2,011.00
Trading Securities
97.00
-3.96%
101.00
-4.72%
106.00
-10.17%
118.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
3,003.00
-16.81%
3,610.00
-7.55%
3,905.00
-14.63%
4,574.00
Cash Flow From Continuing Operating Activities
3,003.00
-16.81%
3,610.00
-7.55%
3,905.00
-14.63%
4,574.00
Net Income From Continuing Operations
2,851.00
+10.16%
2,588.00
-5.58%
2,741.00
+37.60%
1,992.00
Depreciation Amortization Depletion
498.00
-1.97%
508.00
+2.21%
497.00
+14.25%
435.00
Depreciation
323.00
+2.22%
316.00
+3.95%
304.00
+7.80%
282.00
Amortization Cash Flow
175.00
-8.85%
192.00
-0.52%
193.00
+26.14%
153.00
Depreciation And Amortization
498.00
-1.97%
508.00
+2.21%
497.00
+14.25%
435.00
Amortization Of Intangibles
175.00
-8.85%
192.00
-0.52%
193.00
+26.14%
153.00
Asset Impairment Charge
18.00
-55.00%
40.00
+900.00%
4.00
-50.00%
8.00
Deferred Tax
-18.00
+33.33%
-27.00
+72.16%
-97.00
-223.33%
-30.00
Deferred Income Tax
-18.00
+33.33%
-27.00
+72.16%
-97.00
-223.33%
-30.00
Operating Gains Losses
-87.00
-190.00%
-30.00
+87.95%
-249.00
-62.75%
-153.00
Change In Working Capital
-764.00
-867.09%
-79.00
-121.70%
364.00
-79.83%
1,805.00
Change In Other Working Capital
-392.00
-900.00%
49.00
-91.19%
556.00
-46.23%
1,034.00
Investing Cash Flow
-6,816.00
+30.06%
-9,746.00
-104.58%
-4,764.00
-128.71%
16,592.00
Cash Flow From Continuing Investing Activities
-6,816.00
+30.06%
-9,746.00
-104.58%
-4,764.00
-128.71%
16,592.00
Capital Expenditure
-143.00
+33.80%
-216.00
+15.63%
-256.00
-19.63%
-214.00
Capital Expenditure Reported
-143.00
+33.80%
-216.00
+15.63%
-256.00
-19.63%
-214.00
Net Investment Purchase And Sale
-2,179.00
+68.58%
-6,936.00
-341.22%
-1,572.00
+77.59%
-7,015.00
Purchase Of Investment
-9,027.00
+39.59%
-14,943.00
-232.14%
-4,499.00
+52.98%
-9,568.00
Sale Of Investment
6,848.00
-14.47%
8,007.00
+173.56%
2,927.00
+14.65%
2,553.00
Net Business Purchase And Sale
—
0.00
0.00
-100.00%
394.00
Net Other Investing Changes
19.00
+103.53%
-538.00
-22.27%
-440.00
+29.03%
-620.00
Financing Cash Flow
1,800.00
+162.46%
-2,882.00
-168.95%
4,180.00
+119.92%
-20,984.00
Cash Flow From Continuing Financing Activities
1,800.00
+162.46%
-2,882.00
-168.95%
4,180.00
+119.92%
-20,984.00
Net Issuance Payments Of Debt
-758.00
-426.72%
232.00
-96.12%
5,972.00
+120.78%
2,705.00
Issuance Of Debt
3,533.00
-35.73%
5,497.00
+9.18%
5,035.00
+404.00%
999.00
Repayment Of Debt
-5,380.00
-433.20%
-1,009.00
-22.45%
-824.00
+9.15%
-907.00
Long Term Debt Issuance
3,533.00
-35.73%
5,497.00
+9.18%
5,035.00
+404.00%
999.00
Long Term Debt Payments
-5,380.00
-433.20%
-1,009.00
-22.45%
-824.00
+9.15%
-907.00
Net Long Term Debt Issuance
-1,847.00
-141.15%
4,488.00
+6.58%
4,211.00
+4477.17%
92.00
Net Short Term Debt Issuance
1,089.00
+125.59%
-4,256.00
-341.68%
1,761.00
-32.61%
2,613.00
Net Common Stock Issuance
-2,631.00
-564.39%
-396.00
+33.33%
-594.00
+67.00%
-1,800.00
Common Stock Payments
-2,631.00
-564.39%
-396.00
+33.33%
-594.00
+67.00%
-1,800.00
Common Stock Dividend Paid
-899.00
-0.45%
-895.00
-3.11%
-868.00
-10.71%
-784.00
Cash Dividends Paid
-1,045.00
-1.16%
-1,033.00
-6.71%
-968.00
-9.88%
-881.00
Repurchase Of Capital Stock
-2,631.00
-252.68%
-746.00
-25.59%
-594.00
+67.00%
-1,800.00
Net Other Financing Charges
-20.00
-117.54%
114.00
+533.33%
18.00
+228.57%
-14.00
Changes In Cash
-2,013.00
+77.68%
-9,018.00
-371.54%
3,321.00
+1724.73%
182.00
Beginning Cash Position
20,782.00
-30.26%
29,800.00
+12.54%
26,479.00
+1879.00%
1,338.00
End Cash Position
18,769.00
-9.69%
20,782.00
-30.26%
29,800.00
+1860.53%
1,520.00
Free Cash Flow
2,860.00
-15.73%
3,394.00
-6.99%
3,649.00
-16.31%
4,360.00
Interest Paid Supplemental Data
3,524.00
-18.41%
4,319.00
+60.50%
2,691.00
+527.27%
429.00
Income Tax Paid Supplemental Data
529.00
+124.15%
236.00
-47.79%
452.00
-7.38%
488.00
Issuance Of Capital Stock
440.00
-39.97%
733.00
0.00
0.00
Net Preferred Stock Issuance
440.00
+14.88%
383.00
0.00
0.00
Preferred Stock Dividend Paid
-146.00
-5.80%
-138.00
-38.00%
-100.00
-3.09%
-97.00
Preferred Stock Issuance
440.00
-39.97%
733.00
0.00
0.00
Preferred Stock Payments
0.00
+100.00%
-350.00
0.00
0.00
Sale Of Business
—
0.00
0.00
-100.00%
394.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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