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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.54B | $9.64B | $8.18B | $5.99B | $5.95B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $323.00M | $316.00M | - | - | - | - |
| Operating Income | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B |
| Interest Expense | - | - | $3.11B | $425.16M | $114.01M | $326.39M |
| Income Tax | $841.00M | $722.00M | $878.00M | $619.46M | $596.40M | $416.37M |
| Net Income | $2.85B | $2.59B | $2.74B | $1.99B | $1.86B | $1.35B |
| EPS - Basic | $17.10 | $14.71 | $15.85 | $11.59 | $13.81 | $9.94 |
| EPS - Diluted | $17.00 | $14.64 | $15.79 | $11.53 | $13.80 | $9.94 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $18.77B | $1.91B | $1.73B | $1.52B | $1.34B | $1.55B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $213.51B | $208.10B | $208.26B | $200.73B | $155.11B | $142.60B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $10.91B | $12.61B | $8.20B | $3.96B | $3.49B | $4.38B |
| Total Liabilities | $184.33B | $179.08B | $181.31B | $175.41B | $137.20B | $126.41B |
| Stockholders' Equity | $29.18B | $29.03B | $26.96B | $25.32B | $17.90B | $16.19B |
| Retained Earnings | $20.88B | $19.08B | $17.52B | $15.75B | $14.65B | $13.44B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.00B | $3.61B | $3.90B | $4.57B | $2.71B | $789.19M |
| Investing Cash Flow | ($6.82B) | ($550.00M) | ($7.87B) | $16.59B | ($13.63B) | ($22.02B) |
| Financing Cash Flow | $1.80B | ($2.88B) | $4.18B | ($20.98B) | $10.70B | $21.35B |
| CapEx | - | - | $256.00M | $214.00M | $149.00M | $172.00M |
| Free Cash Flow | - | - | $3.65B | $4.36B | $2.57B | $617.19M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 222.8% | 214.8% | 37.5% | 31.9% | 41.0% | 29.7% |
| EBITDA margin | 242.3% | 235.3% | - | - | - | - |
| Net margin | 172.1% | 167.9% | 28.4% | 24.4% | 31.0% | 22.7% |
| Free cash flow margin | - | - | 37.8% | 53.3% | 42.8% | 10.4% |
| FCF / Net income | - | - | 1.33 | 2.19 | 1.38 | 0.46 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 22.8% | 21.8% | 24.3% | 23.7% | 24.3% | 23.5% |
| Return on assets | 1.3% | 1.2% | 1.3% | 1.0% | 1.2% | 0.9% |
| Return on equity | 9.8% | 8.9% | 10.2% | 7.9% | 10.4% | 8.4% |
| Return on invested capital | 7.1% | 6.2% | 7.8% | 6.8% | 8.7% | 6.6% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.37 | 0.43 | 0.30 | 0.16 | 0.19 | 0.27 |
| Debt / Assets | 0.05 | 0.06 | 0.04 | 0.02 | 0.02 | 0.03 |
| Debt / EBITDA | 2.72 | 3.48 | - | - | - | - |
| Interest coverage | - | - | 1.2x | 6.1x | 21.5x | 5.4x |
| Equity multiplier | 7.32 | 7.17 | 7.73 | 7.93 | 8.66 | 8.81 |
| Liabilities / Assets | 0.86 | 0.86 | 0.87 | 0.87 | 0.88 | 0.89 |
| Efficiency | ||||||
| Asset turnover | 0.01 | 0.01 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 11.9x | 12.8x | 8.7x | 12.6x | 11.1x | 12.8x |
| P / B | 1.1x | 1.1x | 0.8x | 0.9x | 1.1x | 1.0x |
| P / S | 19.3x | 20.4x | 2.4x | 2.9x | 3.3x | 2.8x |
| EV / EBITDA | 6.0x | 11.6x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 7.5% | -84.0% | 17.9% | 36.5% | 0.6% | -3.8% |
| Revenue CAGR (3y) | -41.3% | -36.4% | 17.4% | 9.7% | 0.4% | 1.9% |
| Revenue CAGR (5y) | -22.6% | -24.3% | 10.2% | 7.7% | 2.5% | 5.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 11.5% | -8.5% | 38.6% | 6.4% | 38.7% | -30.5% |
| Net income growth (YoY) | 10.2% | -5.6% | 37.6% | 7.2% | 37.4% | -29.9% |
| EPS growth (YoY) | 16.1% | -7.3% | 36.9% | -16.4% | 38.8% | -27.7% |
| EPS CAGR (3y) | 13.8% | 2.0% | 16.7% | -5.7% | 2.7% | 4.5% |
| EPS CAGR (5y) | 11.3% | 1.3% | 4.4% | 5.8% | 12.1% | 6.7% |
| FCF growth (YoY) | - | - | -16.3% | 69.9% | 315.8% | -71.7% |
| FCF CAGR (5y) | - | - | 27.4% | 31.6% | 21.0% | -6.2% |
| Book value growth (YoY) | 0.5% | 7.7% | 6.5% | 41.4% | 10.6% | 3.0% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
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 |