M&T Bank is a regional bank headquartered in Buffalo, NY, with ~$213 billion in assets. It operates over 900 branches across 13 states, primarily in the Mid-Atlantic and New England regions. The bank serves retail customers and businesses through traditional deposit-taking and lending, generates fee income through wealth management services via its Wilmington Trust subsidiary and an LPL Financial partnership, and runs a corporate trust business. Revenue comes from net interest income on loans and deposits, plus fees from wealth management and trust services.
Employees21,866IPOJan 2, 1973SIC6022HQOne M&T Plaza, Buffalo, NY, USA, 14203
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
—
Operating Margin
—
EBITDA Margin
—
Net Margin
30.9%
OCF Margin
38.7%
FCF Margin
36.6%
Returns on Capital
ROE
10.7%
ROA
1.4%
ROIC
—
ROCE
0.0%
ROC (Greenblatt)
0.0%
3Y ROIIC
0.0%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
11.37
Forward P/E
11.15
P/E ex-NRI
11.34
Shiller P/E (CAPE)
13.88
Cash Flow Multiples
P/FCF
9.01
P/OCF
8.52
P/Owner Earnings
9.99
FCF Yield
11.57%
Enterprise Value Multiples
EV / EBIT
—
EV / Forward EBIT
—
EV / EBITDA
—
EV / Forward EBITDA
—
EV / Revenue
3.57
EV / Forward Revenue
5.03
Asset / Sales
P/S
3.35
P/B
1.22
P/Tangible Book
1.84
Growth-Adjusted
PEG
1.35
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.75%
Forward Dividend Yield
2.75%
3Y Dividend Growth
5.9%
Payout Ratio
0.32
5Y Yield on Cost
3.06%
Buybacks & Dilution
3Y Buyback Ratio
3.60%
5Y Share Change
23.3%
Combined
Shareholder Yield
2.34%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.65
Gross Debt / EBITDA
—
Cash / Debt
0.96
Equity / Assets
0.13
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
0.00
Quick Ratio
0.00
Cash Ratio
0.00
Composite Scores
Piotroski F-Score
7
Altman Z-Score
—
Split History
Date
Split
2000-10-06
10:1
1987-09-25
2:1
Ex-date
Amount
Pay date
2026-06-01
$1.5
2026-06-30
2026-03-02
$1.5
2026-03-31
2025-12-01
$1.5
2025-12-31
2025-09-02
$1.5
2025-09-30
2025-06-02
$1.35
2025-06-30
2025-03-03
$1.35
2025-03-31
2024-12-02
$1.35
2024-12-31
2024-09-03
$1.35
2024-09-30
2024-06-03
$1.35
2024-06-28
2024-03-01
$1.3
2024-03-29
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View allDate
Transcript
Type
2026-07-15
Q2 2026 M&T Bank Corp Earnings Call Transcript
Earnings Call
2026-06-10
M&T Bank Corp at Morgan Stanley US Financials Conference Transcript
Conference Presentations
2026-04-15
Q1 2026 M&T Bank Corp Earnings Call Transcript
Earnings Call
2026-03-10
M&T Bank Corp at RBC Capital Markets Global Financial Institutions Conference Transcript
Conference Presentations
2026-01-16
Q4 2025 M&T Bank Corp Earnings Call Transcript
Earnings Call
2025-12-10
M&T Bank Corp at Goldman Sachs U.S. Financial Services Conference Transcript
Conference Presentations
2025-10-16
Q3 2025 M&T Bank Corp Earnings Call Transcript
Earnings Call
2025-07-16
Q2 2025 M&T Bank Corp Earnings Call Transcript
Earnings Call
2025-04-14
Q1 2025 M&T Bank Corp Earnings Call Transcript
Earnings Call
2025-01-16
Q4 2024 M&T Bank Corp Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
10.74%
×
×
Net Margin %
30.88%
×
×
Operating Margin %
—
Operating Income
—
÷
Revenue
$9.82B
×
Tax Burden
0.7733
Net Income
$3.03B
÷
Pretax Income
$3.92B
×
Interest Burden
—
Pretax Income
$3.92B
÷
Operating Income
—
×
Asset Turnover
0.05
÷
Revenue
$9.82B
÷
Average Total Assets
$215.42B
Begin Total Assets
$211.58B
End Total Assets
$219.26B
×
Equity Multiplier
7.63
÷
Avg Total Assets
$215.42B
÷
Avg Stockholders Equity
$28.24B
Begin Equity
$28.52B
End Equity
$27.95B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 12.8M | 8.65% | -155.5K | $3.06B |
| FMR LLC | 12.4M | 8.36% | -754.1K | $2.96B |
| WELLINGTON MANAGEMENT GROUP LLP | 9.8M | 6.60% | -150.4K | $2.33B |
| VANGUARD CAPITAL MANAGEMENT LLC | 9.6M | 6.44% | -211.9K | $2.28B |
| STATE STREET CORP | 7.1M | 4.79% | -39.3K | $1.69B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 7.1M | 4.77% | -408.0K | $1.69B |
| GEODE CAPITAL MANAGEMENT, LLC | 4.3M | 2.93% | -68.1K | $1.03B |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 4.1M | 2.78% | 0 | $981.22M |
| JPMORGAN CHASE & CO | 4.0M | 2.72% | +41.8K | $967.80M |
| Invesco Ltd. | 4.0M | 2.71% | +23.1K | $958.00M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Bible Daryl N.Officer | 27.0K | 0.0182% | $5.81M |
| RICH MELINDA RDirector | 24.1K | 0.0162% | $5.19M |
| WASHINGTON HERBERT LDirector | 18.3K | 0.0123% | $3.94M |
| GEISEL GARY NDirector | 16.5K | 0.0111% | $3.54M |
| D'Arcy PeterOfficer | 12.7K | 0.0086% | $2.74M |
| Cruger William Frank Jr.Director | 9.9K | 0.0067% | $2.13M |
| Woodrow Tracy S.Officer | 9.6K | 0.0065% | $2.07M |
| JONES RENE FOfficer | — | — | — |
| SALAMONE DENIS JDirector | — | — | — |
| SADLER ROBERT E JRDirector | — | — | — |
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View allRecent insider activity
through Sep 14, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| JONES RENE FOfficer | Option Exercise (Rule 16b-3 Exempt) | +16.8K | $3.20M | Sep 14, 2026 |
| JONES RENE FOfficer | Tax Withholding | -15.1K | $3.62M | Sep 14, 2026 |
| JONES RENE FOfficer | Open-Market or Private Sale | -19.4K | $4.64M | Sep 14, 2026 |
| Seseri RudinaDirector | Open-Market or Private Sale | -623 | $150.2K | Aug 21, 2026 |
| Taylor John R.Officer | Open-Market or Private Sale | -1.2K | $308.9K | Aug 17, 2026 |
| WALTERS KIRK WDirector | Open-Market or Private Sale | -9 | $2,377 | Aug 5, 2026 |
| Ledgett Richard H. Jr.Director | Open-Market or Private Sale | -855 | $212.2K | Aug 3, 2026 |
| Jacobs Jeremy M JrDirector | Grant/Award (Rule 16b-3(d)) | +589 | $0 | Jul 31, 2026 |
| Bible Daryl N.Officer | Tax Withholding | -3.0K | $749.5K | Jul 31, 2026 |
| PEARSON KEVIN JOfficer | Open-Market or Private Sale | -2.0K | $484.0K | Jul 15, 2026 |
10 of 8,220
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