M&T Bank Corporation logo

M&T Bank Corporation

MTB-PJ

NYSEFinancial ServicesBanks - Regional

Latest quote

$26.67

+$0.20 · +0.76%

Aug 24, 3:58 PM ET

After-hours

$26.67

$0.00 · 0.00%

Aug 24, 4:15 PM ET

MTB-PJ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

76

Undervalued

Momentum

36

Weakening

Sentiment

60

Mixed

Risk resilience

88

Low Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

M&T Bank Corporation serves as the parent organization for two key financial institutions: Manufacturers and Traders Trust Company and Wilmington Trust, National Association. This entity provides an extensive array of retail and commercial banking products and services throughout the United States. Its operations are structured across three main divisions: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The company's offerings for middle-market and large commercial clients include a diverse portfolio of credit instruments and banking solutions. These comprise commercial lending and leasing, letters of credit, commercial real estate loans, and credit facilities frequently backed by various commercial properties. Customers can also access a broad range of deposit vehicles, such as checking, savings, and time accounts, alongside other financial services. For individual consumers, M&T offers vehicle and leisure financing, home equity loans and credit lines, credit cards, and residential mortgages. Small businesses benefit from specialized services like business loans, cash management, payroll processing, and direct deposit, all accessible via its widespread branch network, telephone banking, online platforms, and automated teller machines. Furthermore, M&T provides sophisticated institutional services and wealth management. This encompasses trustee and agency functions, investment management, securities brokerage, and administrative support. Tailored wealth solutions are also available for individuals and families, including personal trusts, financial planning, fiduciary services, asset management, and family office support. The bank also markets investment products, such as mutual funds and annuities, to a diverse clientele including corporations, institutions, investment banking professionals, and senior corporate executives in finance, tax, and legal departments. M&T Bank Corporation was founded in 1856 and maintains its principal offices in Buffalo, New York.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
Rene F. Jones
Listed since
May 7, 2024
Employees
22,080

Market position

Day range

Current $26.67

52-week range

Current $26.67

Open
$26.53
Previous close
$26.47
Volume
26.81K
0.59× average
Average volume
45.06K
Average daily volume
Market cap
37.31B USD
Beta
0.57
Market reference 1
50-day average
$26.1222
+2.10% above average
200-day average
$26.3552
+1.19% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
25.83B USD
P/E (TTM)
12.75×
P/B (TTM)
1.35×
P/S (TTM)
2.82×
EV / EBITDA
6.53×
Earnings yield
9.04%
Free cash flow yield
9.07%
Dividend yield
2.48%

Profitability & efficiency

Gross margin
76.03%
Operating margin
33.19%
Net margin
24.40%
Return on equity
9.77%
Return on assets
1.34%
Return on invested capital
6.75%

Financial health

Debt / equity
0.65×
Current ratio
0.32×
Altman Z-score
0.43
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends107%75%43%11%Gross margin, FY2021: 99.36%Gross margin, FY2022: 88.84%Gross margin, FY2023: 69.98%Gross margin, FY2024: 64.31%Gross margin, FY2025: 74.62%Operating margin, FY2021: 40.40%Operating margin, FY2022: 30.96%Operating margin, FY2023: 28.94%Operating margin, FY2024: 24.69%Operating margin, FY2025: 29.99%Net margin, FY2021: 30.60%Net margin, FY2022: 23.61%Net margin, FY2023: 21.92%Net margin, FY2024: 19.31%Net margin, FY2025: 23.16%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 99.36%. Gross margin FY2022 88.84%. Gross margin FY2023 69.98%. Gross margin FY2024 64.31%. Gross margin FY2025 74.62%. Operating margin FY2021 40.40%. Operating margin FY2022 30.96%. Operating margin FY2023 28.94%. Operating margin FY2024 24.69%. Operating margin FY2025 29.99%. Net margin FY2021 30.60%. Net margin FY2022 23.61%. Net margin FY2023 21.92%. Net margin FY2024 19.31%. Net margin FY2025 23.16%.

Income trends

Revenue

12.31B USD-8.18%

Operating income

3.69B USD+11.54%

Net income

2.85B USD+10.16%
Income trends across reported periods14.56B USD9.94B USD5.32B USD704.4M USDRevenue, FY2021: 6.08B USDRevenue, FY2022: 8.44B USDRevenue, FY2023: 12.51B USDRevenue, FY2024: 13.41B USDRevenue, FY2025: 12.31B USDOperating income, FY2021: 2.46B USDOperating income, FY2022: 2.61B USDOperating income, FY2023: 3.62B USDOperating income, FY2024: 3.31B USDOperating income, FY2025: 3.69B USDNet income, FY2021: 1.86B USDNet income, FY2022: 1.99B USDNet income, FY2023: 2.74B USDNet income, FY2024: 2.59B USDNet income, FY2025: 2.85B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.08B USD. Revenue FY2022 8.44B USD. Revenue FY2023 12.51B USD. Revenue FY2024 13.41B USD. Revenue FY2025 12.31B USD. Operating income FY2021 2.46B USD. Operating income FY2022 2.61B USD. Operating income FY2023 3.62B USD. Operating income FY2024 3.31B USD. Operating income FY2025 3.69B USD. Net income FY2021 1.86B USD. Net income FY2022 1.99B USD. Net income FY2023 2.74B USD. Net income FY2024 2.59B USD. Net income FY2025 2.85B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.31B USD13.41B USD12.51B USD8.44B USD6.08B USD
Cost of goods sold3.12B USD4.78B USD3.75B USD942M USD39M USD
Gross profit9.19B USD8.62B USD8.75B USD7.5B USD6.04B USD
Selling, general, and administrative3.24B USD3.38B USD3.22B USD2.97B USD2.18B USD
Operating expenses5.49B USD5.31B USD5.13B USD4.88B USD3.58B USD
Interest income10.49B USD11.03B USD10.22B USD6.25B USD3.94B USD
Interest expense3.54B USD4.17B USD3.11B USD425M USD114M USD
Depreciation and amortization264M USD508M USD497M USD435M USD324M USD
Operating income3.69B USD3.31B USD3.62B USD2.61B USD2.46B USD
Net income2.85B USD2.59B USD2.74B USD1.99B USD1.86B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
83%
5 beats, 1 miss, 0 met estimates
Average EPS surprise
+7.56%
6 comparable reports
Latest EPS result
5.32
Estimate 4.66 · Beat by 14.16%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.534.733.923.12Q2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26EstimateQ1 '27Estimate
Q2 2025, reported Apr 14, 2025: actual 3.33, estimate 3.4, surprise -2.06%, Miss. Q3 2025, reported Jul 16, 2025: actual 4.47, estimate 3.99, surprise +12.03%, Beat. Q4 2025, reported Oct 16, 2025: actual 5.06, estimate 4.43, surprise +14.22%, Beat. Q1 2026, reported Jan 16, 2026: actual 4.67, estimate 4.48, surprise +4.24%, Beat. Q2 2026, reported Apr 15, 2026: actual 4.13, estimate 4.02, surprise +2.74%, Beat. Q3 2026, reported Jul 15, 2026: actual 5.32, estimate 4.66, surprise +14.16%, Beat. Q4 2026, reported Oct 16, 2026: actual —, estimate 4.94, surprise —, Comparison unavailable. Q1 2027, reported Jan 19, 2027: actual —, estimate 4.96, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.59B3.15B2.7B2.25BQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26EstimateQ1 '27Estimate
Q2 2025, reported Apr 14, 2025: actual 3.17B USD, estimate 2.39B USD, surprise +32.94%, Beat. Q3 2025, reported Jul 16, 2025: actual 3.29B USD, estimate 2.44B USD, surprise +34.85%, Beat. Q4 2025, reported Oct 16, 2025: actual 3.46B USD, estimate 2.44B USD, surprise +41.60%, Beat. Q1 2026, reported Jan 16, 2026: actual 2.48B USD, estimate 2.47B USD, surprise +0.09%, Beat. Q2 2026, reported Apr 15, 2026: actual 2.44B USD, estimate 2.43B USD, surprise +0.44%, Beat. Q3 2026, reported Jul 15, 2026: actual 2.53B USD, estimate 2.46B USD, surprise +2.82%, Beat. Q4 2026, reported Oct 16, 2026: actual —, estimate 2.53B USD, surprise —, Comparison unavailable. Q1 2027, reported Jan 19, 2027: actual —, estimate 2.55B USD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

DividendUpcoming

Ex-dividend Sep 1, 2026

$0.4688

Quarterly

Record Sep 1, 2026 · Payment Sep 15, 2026

Dividend

Ex-dividend Jun 1, 2026

$0.4688

Quarterly

Record Jun 1, 2026 · Payment Jun 15, 2026

Dividend

Ex-dividend Mar 2, 2026

$0.4688

Quarterly

Record Mar 2, 2026 · Payment Mar 16, 2026

Dividend

Ex-dividend Dec 1, 2025

$0.4688

Quarterly

Record Dec 1, 2025 · Payment Dec 15, 2025

Dividend

Ex-dividend Sep 2, 2025

$0.4688

Quarterly

Record Sep 2, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend Jun 2, 2025

$0.4688

Quarterly

Record Jun 2, 2025 · Payment Jun 16, 2025

MTB-PJ peers

ETFs holding MTB-PJ

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research MTB-PJ

research.disclaimer