CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · MTB

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin222.8%214.8%37.5%31.9%41.0%29.7%
EBITDA margin242.3%235.3%----
Net margin172.1%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--1.332.191.380.46
R&D / Revenue------
SG&A / Revenue------
Effective tax rate22.8%21.8%24.3%23.7%24.3%23.5%
Return on assets1.3%1.2%1.3%1.0%1.2%0.9%
Return on equity9.8%8.9%10.2%7.9%10.4%8.4%
Return on invested capital7.1%6.2%7.8%6.8%8.7%6.6%
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity0.370.430.300.160.190.27
Debt / Assets0.050.060.040.020.020.03
Debt / EBITDA2.723.48----
Interest coverage--1.2x6.1x21.5x5.4x
Equity multiplier7.327.177.737.938.668.81
Liabilities / Assets0.860.860.870.870.880.89
Efficiency
Asset turnover0.010.010.050.040.040.04
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E11.9x12.8x8.7x12.6x11.1x12.8x
P / B1.1x1.1x0.8x0.9x1.1x1.0x
P / S19.3x20.4x2.4x2.9x3.3x2.8x
EV / EBITDA6.0x11.6x----
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 total
Institutional 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 total
Deposit 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

CompanyRevenue (last FY)Net marginROE
ASB--9.5%
CZNC$5.98M392.0%6.9%
SBSI--8.2%
CBSH--14.9%
BUSE$719.58M18.8%5.5%

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-datePer 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