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MTB · M&T Bank Corp · Financials

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$218.51 +1.02 (+0.47%)
Market Cap
$31.41B
Shares
144.42M
Volume · Oct 12 32.78K Avg daily vol (3M) 1.07M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$1.66B +7.5%
FY2025 Revenue FY2011–FY2025
Net Income
$2.85B +10.2%
FY2025 Net Income FY2007–FY2025
Diluted EPS
$17.00 +16.1%
FY2025 Diluted EPS FY2007–FY2025
Operating Cash Flow
$3B -16.8%
FY2025 Operating Cash Flow FY2007–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007
$1.7B $1.66B $1.54B $9.64B $8.18B $5.99B $5.95B $6.19B $5.93B $5.63B $5.3B $4.67B $4.46B $4.54B $4.27B $3.97B — — — —
$10.47B $10.49B $11.03B $10.22B $6.25B $3.94B $4.19B $4.88B $4.6B $4.17B $3.9B $3.17B $2.96B $2.96B $2.94B $2.79B $2.73B $2.73B $3.28B $3.54B
$7.08B $6.95B $6.85B $7.12B $5.82B $3.83B $3.87B $4.13B $4.07B $3.78B $3.47B $2.84B $2.68B $2.67B $2.6B $2.39B $2.27B $2.06B $1.94B $1.85B
$2.88B $2.74B $2.43B $2.53B $2.36B $2.17B $2.09B $2.06B $1.86B $1.85B $1.83B $1.83B $1.78B $1.87B $1.67B $1.58B $1.11B $1.05B $938.98M $932.99M
— $48M $44M $56M $43M — — — — — — — — — — — — — — —
$36M $42M $53M $62M $56M $10M $14.87M $19.49M $24.52M $31.37M $42.61M $26.42M $33.82M $46.91M $60.63M $61.62M $58.1M $64.26M $66.65M $66.49M
$315M $323M $316M $304M $282M — — — $104.86M $109.59M $107M $99.02M $96.5M $91.47M — — — — — —
$3.39B $3.54B $4.17B $3.11B $425M $114M $326.4M $749.33M $526.41M $386.75M $425.98M $328.26M $280.43M $284.11M $343.17M $402.33M $462.27M $669.45M $1.34B $1.69B
— — — — — — — — — — — -$14.27M -$16.67M -$16.13M -$21.51M -$24.23M -$25.77M -$25.9M -$37.45M $8.94M
$3.92B $3.69B $3.31B $3.62B $2.61B $2.46B $1.77B $2.55B $2.51B $2.32B $2.06B $1.67B $1.64B $1.77B $1.55B $1.22B $1.09B $519.29M — —
$889M $841M $722M $878M $620M $596M $416.37M $618.11M $590.16M $915.56M $743.28M $595.03M $576M $627.09M $523.03M $365.12M $356.63M $139.4M $183.89M $309.28M
$3.03B $2.85B $2.59B $2.74B $1.99B $1.86B $1.35B $1.93B $1.92B $1.41B $1.32B $1.08B $1.07B $1.14B $1.03B $859.48M $736.16M $379.89M $555.89M $654.26M
— 172.06% 167.94% 28.42% 24.36% 31.02% 22.72% 31.16% 32.35% 25% 24.83% 23.13% 23.93% 25.09% 24.13% 21.63% — — — —
$2.87B $2.7B $2.45B $2.64B $1.89B $1.78B $1.28B $1.85B $1.84B $1.33B $1.22B $987.69M $978.53M $1.06B $953.39M $781.74M $675.83M $332.01M $555.1M $654.26M
$2.73B $3.29B $2.88B $3.07B $1.33B $1.79B $1.5B $2.14B $1.88B $1.4B $1.27B $1.01B $949.41M $1.31B — — — $780.78M -$66.17M $593.01M
USD/shares $19.02 $17.10 $14.71 $15.85 $11.59 $13.81 $9.94 $13.76 $12.75 $8.72 $7.80 $7.22 $7.47 $8.26 $7.57 $6.37 $5.72 $2.90 $5.04 $6.05
USD/shares $18.89 $17.00 $14.64 $15.79 $11.53 $13.80 $9.94 $13.75 $12.74 $8.70 $7.78 $7.18 $7.42 $8.20 $7.54 $6.35 $5.69 $2.89 $5.01 $5.95
shares — 157.88M 166.48M 166.36M 163.17M 128.65M 128.64M 134.43M 143.99M 152.16M 156.78M 136.8M 130.95M 128.65M 125.86M 122.66M 118.19M 114.66M 110.21M —
shares — 158.79M 167.32M 167M 164.03M 128.81M 128.7M 134.46M 144.15M 152.55M 157.3M 137.53M 131.84M 129.6M 126.41M 123.08M 118.84M 114.78M 110.9M —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $11.69B in buybacks, $9.63B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term Federal Home Loan Bank advances 2026-06-30 USD 3,000,000 10-Q filed 2026-08-04
Long-term debt, including current maturities 2026-06-30 USD 13,568,000,000 10-Q filed 2026-08-04
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Line of credit borrowings, including current maturities
USD 4,600,000,000
Other long-term debt
USD 10,000,000
Short-term borrowings 2026-06-30 USD 4,614,000,000 10-Q filed 2026-08-04
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036

Note · M&T Bank Corporation

Reference: 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.295% Reported 2026-04-20 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-20 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-04-20
    On April 20, 2026, M&T Bank Corporation (“M&T”) closed the public offering of $500,000,000 aggregate principal amount of its 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036 (the “Subordinated Notes”).
    Issuer evidence: On April 20, 2026, M&T Bank Corporation (“M&T”) closed the public offering of $500,000,000 aggregate principal amount of its 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036 (the “Subordinated Notes”).
    Supporting evidence: On April 20, 2026, M&T Bank Corporation (“M&T”) closed the public offering of $500,000,000 aggregate principal amount of its 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036 (the “Subordinated Notes”).
    Supporting evidence: On April 20, 2026, M&T Bank Corporation (“M&T”) closed the public offering of $500,000,000 aggregate principal amount of its 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036 (the “Subordinated Notes”).

Perpetual 6.625% Non-Cumulative Preferred Stock, Series L

Other · M&T Bank Corporation

Reference: Perpetual 6.625% Non-Cumulative Preferred Stock, Series L

Active
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-07-21 Exact source document Parent 8-K filing · 2026-07-21
    On July 17, 2026, M&T Bank Corporation (“M&T”) filed a certificate of amendment (the “Certificate of Amendment”) with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, par value $1.00 per share, liquidation preference $10,000 per share (the “Series L Preferred Stock”). The Certificate of Amendment was filed in connection with an Underwriting Agreement, dated July 16, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, M&T Securities, Inc., Raymond James & Associates, Inc., UBS Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named in Schedule A thereto (the “Underwriters”), under which M&T agreed to sell to the Underwriters 24,000,000 depositary shares (the “Depositary Shares”) each representing a 1/400th interest in a share of the Series L Preferred Stock.
    Issuer evidence: On July 17, 2026, M&T Bank Corporation (“M&T”) filed a certificate of amendment (the “Certificate of Amendment”) with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, par value $1.00 per share, liquidation preference $10,000 per share (the “Series L Preferred Stock”). The Certificate of Amendment was filed in connection with an Underwriting Agreement, dated July 16, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, M&T Securities, Inc., Raymond James & Associates, Inc., UBS Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named in Schedule A thereto (the “Underwriters”), under which M&T agreed to sell to the Underwriters 24,000,000 depositary shares (the “Depositary Shares”) each representing a 1/400th interest in a share of the Series L Preferred Stock.
    Supporting evidence: On July 17, 2026, M&T Bank Corporation (“M&T”) filed a certificate of amendment (the “Certificate of Amendment”) with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, par value $1.00 per share, liquidation preference $10,000 per share (the “Series L Preferred Stock”). The Certificate of Amendment was filed in connection with an Underwriting Agreement, dated July 16, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, M&T Securities, Inc., Raymond James & Associates, Inc., UBS Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named in Schedule A thereto (the “Underwriters”), under which M&T agreed to sell to the Underwriters 24,000,000 depositary shares (the “Depositary Shares”) each representing a 1/400th interest in a share of the Series L Preferred Stock.
    Supporting evidence: On July 17, 2026, M&T Bank Corporation (“M&T”) filed a certificate of amendment (the “Certificate of Amendment”) with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of a new series of its preferred stock designated as the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, par value $1.00 per share, liquidation preference $10,000 per share (the “Series L Preferred Stock”). The Certificate of Amendment was filed in connection with an Underwriting Agreement, dated July 16, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, M&T Securities, Inc., Raymond James & Associates, Inc., UBS Securities LLC, and Wells Fargo Securities, LLC as representatives of the several underwriters named in Schedule A thereto (the “Underwriters”), under which M&T agreed to sell to the Underwriters 24,000,000 depositary shares (the “Depositary Shares”) each representing a 1/400th interest in a share of the Series L Preferred Stock.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
18.88×
Peer median 10.95×
EV/EBIT
—
P/E (TTM)
11.51×
Peer median 11.61×

Peer medians compare against the 60 similar-size Banks - Regional companies (of 306 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Retail Banking $4,868,000,000 $5,098,000,000 $5,114,000,000 $3,711,000,000 $2,760,000,000 $1,464,472,000 $1,717,350,000 $1,675,393,000
Commercial Banking $2,947,000,000 $2,884,000,000 $3,067,000,000 $2,890,000,000 $2,067,000,000 $1,098,412,000 $1,118,446,000 $1,110,720,000
Institutional Services and Wealth Management $1,562,000,000 $1,557,000,000 $1,705,000,000 $1,410,000,000 $922,000,000 — — —
All Other Segments $313,000,000 -$260,000,000 -$243,000,000 $168,000,000 — — — —
Business Banking — — — $862,505,000 $642,794,000 $566,451,000 $565,162,000 $546,179,000
Commercial Real Estate Segment — — — $944,071,000 $892,011,000 $924,789,000 $907,496,000 $849,175,000
Discretionary Portfolio — — — $94,618,000 $444,986,000 $485,096,000 $236,726,000 $218,361,000
Residential Mortgage Banking — — — $432,264,000 $616,471,000 $568,261,000 $413,380,000 $319,493,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Fiduciary And Trust $724,000,000 $675,000,000 $680,000,000 $741,000,000 $645,000,000 $601,884,000 $572,608,000 $537,585,000
Deposit Account $551,000,000 $514,000,000 $475,000,000 $447,000,000 $402,000,000 $370,788,000 $432,978,000 $429,337,000
Credit Card Merchant Discount $173,000,000 $162,000,000 $161,000,000 $159,000,000 — — — —
Brokerage Services Income $131,000,000 $121,000,000 $102,000,000 $88,000,000 — — — —
Product And Service Other $78,000,000 $69,000,000 $66,000,000 $90,000,000 — — — —
Mortgage Banking — — — — $571,000,000 $566,641,000 $457,770,000 $360,442,000
Key facts CIK 36270 CUSIP 55261F104 13F (30d) 61 filings 57 filers Visit website Investor relations