MTB · M&t Bank Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $418.00M | - | $423.00M | $417.00M | $367.00M | - | $394.00M | $376.00M | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $79.00M | - | - | - | $80.00M | - | - | - | - | - |
| Operating Income | $863.00M | - | $1.02B | $935.00M | $761.00M | - | $909.00M | $855.00M | $664.00M | - |
| Interest Expense | - | - | - | - | - | - | - | $1.07B | $1.06B | - |
| Income Tax | $199.00M | - | $233.00M | $219.00M | $177.00M | - | $188.00M | $200.00M | $133.00M | - |
| Net Income | $664.00M | - | $792.00M | $716.00M | $584.00M | - | $721.00M | $655.00M | $531.00M | - |
| EPS - Basic | $4.16 | - | $4.85 | $4.26 | $3.33 | - | $4.04 | $3.75 | $3.04 | - |
| EPS - Diluted | $4.13 | - | $4.82 | $4.24 | $3.32 | - | $4.02 | $3.73 | $3.02 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.35B | $18.77B | $1.95B | $2.13B | $2.11B | $1.91B | $2.22B | $1.78B | $1.70B | $1.73B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $214.74B | $213.51B | $211.28B | $211.58B | $210.32B | $208.10B | $211.78B | $208.85B | $215.14B | $208.26B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $11.18B | $10.91B | $12.93B | $12.38B | $10.50B | $12.61B | $11.58B | $11.32B | $11.45B | $8.20B |
| Total Liabilities | $186.76B | $184.33B | $182.55B | $183.06B | $181.33B | $179.08B | $182.91B | $180.43B | $187.97B | $181.31B |
| Stockholders' Equity | $27.97B | $29.18B | $28.73B | $28.52B | $28.99B | $29.03B | $28.88B | $28.42B | $27.17B | $26.96B |
| Retained Earnings | $21.48B | $20.88B | $20.39B | $19.87B | $19.41B | $19.08B | $18.66B | $18.21B | $17.81B | $17.52B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.01B | - | - | - | $635.00M | - | - | - | $608.00M | - |
| Investing Cash Flow | ($4.32B) | - | - | - | ($2.13B) | - | - | - | ($7.08B) | - |
| Financing Cash Flow | $891.00M | - | - | - | $1.70B | - | - | - | $6.44B | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 206.5% | - | 242.3% | 224.2% | 207.4% | - | 230.7% | 227.4% | - | - |
| EBITDA margin | 225.4% | - | - | - | 229.2% | - | - | - | - | - |
| Net margin | 158.9% | - | 187.2% | 171.7% | 159.1% | - | 183.0% | 174.2% | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.1% | - | 22.7% | 23.4% | 23.3% | - | 20.7% | 23.4% | 20.0% | - |
| Return on assets | 0.3% | - | 0.4% | 0.3% | 0.3% | - | 0.3% | 0.3% | 0.2% | - |
| Return on equity | 2.4% | - | 2.8% | 2.5% | 2.0% | - | 2.5% | 2.3% | 2.0% | - |
| Return on invested capital | 1.7% | - | 1.9% | 1.8% | 1.5% | - | 1.8% | 1.6% | 1.4% | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.40 | 0.37 | 0.45 | 0.43 | 0.36 | 0.43 | 0.40 | 0.40 | 0.42 | 0.30 |
| Debt / Assets | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 |
| Debt / EBITDA | 11.86 | - | - | - | 12.48 | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 0.8x | 0.6x | - |
| Equity multiplier | 7.68 | 7.32 | 7.35 | 7.42 | 7.25 | 7.17 | 7.33 | 7.35 | 7.92 | 7.73 |
| Liabilities / Assets | 0.87 | 0.86 | 0.86 | 0.87 | 0.86 | 0.86 | 0.86 | 0.86 | 0.87 | 0.87 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 50.1x | - | 41.0x | 45.8x | 53.8x | - | 44.3x | 40.6x | 48.2x | - |
| P / B | 1.1x | - | 1.1x | 1.1x | 1.0x | - | 1.0x | 0.9x | 0.9x | - |
| P / S | 74.2x | - | 73.1x | 74.4x | 80.4x | - | 75.8x | 67.5x | - | - |
| EV / EBITDA | 27.4x | - | - | - | 45.1x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.9% | - | 7.4% | 10.9% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | -40.5% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 13.4% | - | 12.8% | 9.4% | 14.6% | - | 0.2% | -26.3% | -28.3% | - |
| Net income growth (YoY) | 13.7% | - | 9.8% | 9.3% | 10.0% | - | 4.5% | -24.5% | -24.3% | - |
| EPS growth (YoY) | 24.4% | - | 19.9% | 13.7% | 9.9% | - | 1.0% | -26.1% | -24.7% | - |
| EPS CAGR (3y) | 1.0% | - | 10.9% | 57.8% | 8.2% | - | 2.9% | 3.0% | -3.2% | - |
| EPS CAGR (5y) | 4.4% | - | 11.9% | 19.5% | 11.5% | - | 3.0% | 2.2% | -2.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.5% | 0.5% | -0.5% | 0.4% | 6.7% | 7.7% | 10.2% | 10.2% | 7.1% | 6.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.97B totalInstitutional Services And Wealth Management$854.00M · 43.4%
Retail Banking$501.00M · 25.4%
All Other Segments$313.00M · 15.9%
Commercial Banking$302.00M · 15.3%
Product / service
$302.00M totalDeposit Account$177.00M · 58.6%
Credit Card Merchant Discount$75.00M · 24.8%
Product And Service Other$40.00M · 13.2%
Brokerage Services Income$6.00M · 2.0%
Fiduciary And Trust$4.00M · 1.3%
Peer comparison
Same SIC group: State Commercial Banks
Comparing M&T BANK CORP against the 5 most active filers in the same SIC group.
Dividends
$6.00/share trailing 12 months · +11.1% YoY
| Ex-date | Per share |
|---|---|
| Jun 1, 2026 | $1.5000 |
| Mar 2, 2026 | $1.5000 |
| Dec 1, 2025 | $1.5000 |
| Sep 2, 2025 | $1.5000 |
| Jun 2, 2025 | $1.3500 |
| Mar 3, 2025 | $1.3500 |
| Dec 2, 2024 | $1.3500 |
| Sep 3, 2024 | $1.3500 |
| Jun 3, 2024 | $1.3500 |
| Mar 1, 2024 | $1.3000 |
| Nov 30, 2023 | $1.3000 |
| Aug 31, 2023 | $1.3000 |
| May 31, 2023 | $1.3000 |
| Mar 3, 2023 | $1.3000 |
| Nov 30, 2022 | $1.2000 |
| Aug 31, 2022 | $1.2000 |
| May 31, 2022 | $1.2000 |
| Feb 25, 2022 | $1.2000 |
| Nov 29, 2021 | $1.2000 |
| Aug 31, 2021 | $1.1000 |
| May 28, 2021 | $1.1000 |
| Feb 26, 2021 | $1.1000 |
| Nov 30, 2020 | $1.1000 |
| Aug 31, 2020 | $1.1000 |