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M&T Bank

MTB NYSE Regional Banks Financials FY2016–FY2025

M&T Bank's revenue rose 4.4% to $9.7 billion in fiscal 2025. Net income was $2.9 billion, up 10.2%. Its return on equity was 9.8%, up from 9.2% a year earlier. Its efficiency ratio was 56.7%, down from 57.8% a year earlier. It paid out $3.5 billion in dividends and buybacks. The diluted share count fell 5.1%.

Last close · Oct 23, 2026

$221.66

0.5%
Value it Compare
Revenue Total sales reported in the income statement.
$9.7B
4.4% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
56.7%
1.1 pts
Net income Profit after all expenses, interest and tax.
$2.9B
10.2%
Return on equity Net income as a share of average shareholders' equity.
9.8%
0.6 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$35.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
11.7x
On $18.93 EPS (TTM)

What M&T Bank does

No business description yet.

Legal name
M&T BANK CORP
Fiscal year ends
December 31, 2025
Latest annual report
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Accession · CIK
0000036270-26-000010
0000036270

Revenue and margins

M&T Bank had $9.7B of revenue in fiscal 2025, up 4.4% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 9.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

M&T Bank returned $3.5B to shareholders in fiscal 2025. The diluted share count fell 5.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value M&T Bank yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

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Reference multiples: today 11.7x · peers 13.4x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $91.4B$129.6B$131.9B$133.4B$136.6B
Deposits $131.5B$163.5B$163.3B$161.1B$166.9B
Loans / deposits 69.5%79.3%80.8%82.8%81.8%
Total assets $155.1B$200.7B$208.3B$208.1B$213.5B
Shareholders' equity $17.9B$25.3B$27.0B$29.0B$29.2B
Goodwill $4.6B$8.5B$8.5B$8.5B$8.5B
Intangible assets $0.0M$0.0M$0.0M$0.0M$0.0M
Provision / loans —0.5%0.5%0.5%0.4%

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$13.1M

8 insiders

Of sales under plans

88%

$11.5M

DateInsiderTradeSharesPriceValueFiling
Oct 16, 2026 Kevin J PearsonVice Chairman Sold plan 2,000 $220.75 $0.4M Form 4
Sep 14, 2026 Rene F JonesChairman of the Board and CEO, Director Sold plan 19,396 $239.35 $4.6M Form 4
Aug 21, 2026 Rudina SeseriDirector Sold 623 $241.05 $0.2M Form 4
Aug 17, 2026 John R. TaylorEVP and Controller Sold 1,217 $253.84 $0.3M Form 4
Aug 5, 2026 Kirk W WaltersDirector Sold 9 $253.77 $0.0M Form 4
Aug 3, 2026 Richard H. Ledgett Jr.Director Sold 855 $248.16 $0.2M Form 4
Jul 15, 2026 Kevin J PearsonVice Chairman Sold plan 2,000 $242.00 $0.5M Form 4
Jul 1, 2026 Tracy S. WoodrowSr. Executive Vice President Sold plan 881 $242.00 $0.2M Form 4
Jun 15, 2026 John R. TaylorEVP and Controller Sold 1,098 $233.23 $0.3M Form 4
Jun 9, 2026 Kevin J PearsonVice Chairman Sold plan 23,358 $225.50 $5.3M Form 4
Jun 4, 2026 Kevin J PearsonVice Chairman Sold plan 2,000 $220.00 $0.4M Form 4
May 7, 2026 Christopher E. KaySr. Executive Vice President Sold 3,105 $216.50 $0.7M Form 4

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
M&T Bank MTB $35.2B 4.4% — — — 11.7x —
First Citizens BancShares FCNCA $30.9B −2.2% — — — 12.7x — Compare →
Fifth Third Bancorp FITB $35.6B 6.4% — — — 18.1x — Compare →
Citizens Financial Group CFG $28.5B 5.6% — — — 14.2x — Compare →
Huntington Bancshares HBAN $23.7B 10.6% — — — 12.1x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $5.3B $5.6B $5.9B $6.2B $6.0B $6.0B $8.2B $9.6B $9.3B $9.7B
Net interest income $3.5B $3.8B $4.1B $4.1B $3.9B $3.8B $5.8B $7.1B $6.9B $6.9B
Noninterest income $1.8B $1.9B $1.9B $2.1B $2.1B $2.2B $2.4B $2.5B $2.4B $2.7B
Noninterest expense $3.0B $3.1B $3.3B $3.5B $3.4B $3.6B $5.1B $5.4B $5.4B $5.5B
Provision for credit losses — — — — — — $517M $645M $610M $485M
Pretax income $2.1B $2.3B $2.5B $2.5B $1.8B $2.5B $2.6B $3.6B $3.3B $3.7B
Income tax $743M $916M $590M $618M $416M $596M $620M $878M $722M $841M
Net income $1.3B $1.4B $1.9B $1.9B $1.4B $1.9B $2.0B $2.7B $2.6B $2.9B
Net income to common $1.2B $1.3B $1.8B $1.8B $1.3B $1.8B $1.9B $2.6B $2.4B $2.7B
Diluted EPS $7.78 $8.70 $12.74 $13.75 $9.94 $13.80 $11.53 $15.79 $14.64 $17.00
Diluted shares 0.16B 0.15B 0.14B 0.13B 0.13B 0.13B 0.16B 0.17B 0.17B 0.16B
Cash flow
Stock-based compensation $65.0M $61.0M $66.0M $76.0M $80.0M $85.0M $111M $118M $116M $136M
Share buybacks $641M $1.2B $2.2B $1.3B $374M $0.0M $1.8B $594M $396M $2.6B
Dividends paid $442M $457M $510M $552M $568M $580M $784M $868M $895M $899M
Dividends and buybacks $1.1B $1.7B $2.7B $1.9B $942M $580M $2.6B $1.5B $1.3B $3.5B
Balance sheet
Loans, net $89.9B $87.0B $87.4B $89.9B $96.8B $91.4B $129.6B $131.9B $133.4B $136.6B
Deposits $95.5B $92.4B $90.2B $94.8B $119.8B $131.5B $163.5B $163.3B $161.1B $166.9B
Goodwill $4.6B $4.6B $4.6B $4.6B $4.6B $4.6B $8.5B $8.5B $8.5B $8.5B
Intangible assets $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $123.4B $118.6B $120.1B $119.9B $142.6B $155.1B $200.7B $208.3B $208.1B $213.5B
Preferred stock $1.2B $1.2B $1.2B $1.3B $1.3B $1.8B $2.0B $2.0B $2.4B $2.8B
Shareholders' equity $16.5B $16.3B $15.5B $15.7B $16.2B $17.9B $25.3B $27.0B $29.0B $29.2B
Margins
Net margin 24.8% 25.0% 32.4% 31.2% 22.7% 31.0% 24.4% 28.4% 27.9% 29.4%
Net interest share of revenue 65.5% 67.1% 68.7% 66.7% 64.9% 63.8% 71.2% 73.8% 73.8% 71.7%
Efficiency ratio 57.5% 55.8% 55.5% 56.0% 56.9% 60.3% 61.7% 55.8% 57.8% 56.7%
Returns
Return on equity 8.1% 8.6% 12.1% 12.4% 8.5% 10.9% 9.2% 10.5% 9.3% 9.8%
Return on assets 1.1% 1.2% 1.6% 1.6% 1.0% 1.3% 1.1% 1.3% 1.2% 1.4%
Return on tangible equity 11.7% 12.6% 18.3% 19.0% 12.7% 16.2% 14.3% 16.8% 14.1% 15.0%
Growth
Revenue growth 13.5% 6.4% 5.3% 4.5% −3.8% 0.6% 36.5% 17.9% −3.8% 4.4%
Net income growth 21.8% 7.1% 36.2% 0.6% −29.9% 37.4% 7.2% 37.6% −5.6% 10.2%
EPS growth 8.4% 11.8% 46.4% 7.9% −27.7% 38.8% −16.5% 37.0% −7.3% 16.1%
Share count change 14.4% −3.0% −5.5% −6.7% −4.3% 0.1% 27.3% 1.8% 0.2% −5.1%
Financial health
Loans / deposits 94.1% 94.1% 97.0% 94.8% 80.8% 69.5% 79.3% 80.8% 82.8% 81.8%
Provision / loans — — — — — — 0.5% 0.5% 0.5% 0.4%
Capital allocation
Stock comp / revenue 1.2% 1.1% 1.1% 1.2% 1.3% 1.4% 1.4% 1.2% 1.3% 1.4%

Source: SEC EDGAR XBRL filings (CIK 0000036270). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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