M&T Bank Corporation

M&T Bank Corporation

MTB · NYSE · Financial Services / Banks - Regional

221.12USD+1.34 (+0.61%)

Price History

Full chart

Market Stats

Previous Close219.78
Open221.37
Day Range218.74 – 221.61
52-Week Range174.74 – 254.31
Volume439.60K
Market Cap31.64B
P/E (TTM)11.50
Forward P/E10.48
EPS19.14
Dividend Yield2.72%
Beta0.61
50-Day Avg227.00
200-Day Avg224.95

About

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, deposit products, cash management services, commercial real estate loans, and credit facilities secured by various commercial real estate properties to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, direct deposit, and merchant credit card services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, and administrative services; personal trust, planning and advisory, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Rene F. Jones CPA
  • Employees21.56K
  • HeadquartersOne M&T Plaza, Buffalo, NY, United States, 14203, USA
  • Websitehttps://www.mtb.com

Leadership

  • Mr. Rene F. Jones CPAChairman & CEO · b. 1965
  • Mr. Daryl N. Bible C.F.A.Senior EVP & CFO · b. 1961
  • Mr. Peter G. D'ArcySenior EVP & Head of Commercial Banking · b. 1974
  • Mr. Christopher E. Kay J.D.Senior EVP & Head of Enterprise Platforms · b. 1965
  • Mr. Michael A. WislerSenior Executive VP & Chief Technology and Operations Officer · b. 1976
  • Hugh GiorgioHead of Investment Banking
  • Ms. Tracy S. WoodrowSenior EVP, Regional President for Western New York & Chief Administrative Officer · b. 1974
  • Mr. Rajiv RanjanHead of Investor Relations & Corporate Development
  • Ms. Laura P. O'Hara J.D.Senior EVP & Chief Legal Officer · b. 1960
  • Mr. David W. HollisChief Human Resources Officer

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue---627.50M713.00M851.00M889.90M851.20M871.00M1.08B1.17B1.26B1.62B1.76B2.10B2.58B2.35B2.96B3.24B3.74B4.36B4.47B4.25B3.80B3.86B4.40B4.63B4.84B4.74B5.00B5.72B6.02B6.45B6.94B6.28B6.08B8.44B12.51B13.40B12.31B
Growth (%)----+13.63%+19.35%+4.57%-4.35%+2.33%+23.73%+8.34%+7.74%+28.97%+8.54%+19.11%+22.97%-8.73%+25.64%+9.60%+15.32%+16.63%+2.50%-4.81%-10.69%+1.70%+13.86%+5.26%+4.50%-2.12%+5.48%+14.53%+5.19%+7.24%+7.54%-9.51%-3.27%+38.87%+48.22%+7.18%-8.18%
Cost of Revenue---399.70M454.40M503.60M408.60M349.90M339.70M482.20M509.70M554.10M730.80M763.73M956.60M1.05B716.51M658.81M659.16M1.08B1.58B1.89B1.75B1.27B830.27M672.33M547.17M469.11M404.43M498.26M615.98M554.75M658.41M925.33M1.13B39.00M942.00M3.75B4.78B3.12B
Gross Profit---227.80M258.60M347.40M481.30M501.30M531.30M595.50M657.90M703.90M891.60M997.27M1.14B1.53B1.64B2.30B2.58B2.66B2.78B2.58B2.50B2.53B3.03B3.73B4.08B4.37B4.33B4.50B5.11B5.46B5.80B6.02B5.15B6.04B7.50B8.75B8.62B9.19B
Gross Margin---36.30%36.27%40.82%54.08%58.89%61.00%55.26%56.35%55.95%54.96%56.63%54.39%59.40%69.56%77.73%79.67%71.05%63.84%57.78%58.87%66.48%78.51%84.72%88.18%90.31%91.46%90.03%89.23%90.78%89.80%86.67%82.07%99.36%88.84%69.98%64.31%74.62%
Operating Expense---151.50M173.90M232.60M318.60M327.80M336.80M374.40M408.90M421.80M566.00M578.98M694.45M948.32M921.03M1.45B1.52B1.49B1.55B1.62B1.76B2.01B1.94B2.50B2.53B2.60B2.69B2.82B3.05B3.14B3.29B3.47B3.39B3.58B4.88B5.13B5.31B5.49B
Operating Income26.20M40.30M44.50M76.30M84.70M114.80M162.70M173.50M194.50M221.10M249.00M282.10M325.60M418.30M446.41M583.90M716.48M850.67M1.07B1.17B1.23B963.54M739.78M519.29M1.09B1.22B1.55B1.77B1.64B1.67B2.06B2.32B2.51B2.55B1.77B2.46B2.61B3.62B3.31B3.69B
Operating Margin---12.16%11.88%13.49%18.28%20.38%22.33%20.52%21.33%22.42%20.07%23.75%21.28%22.64%30.44%28.76%32.90%31.32%28.25%21.56%17.39%13.67%28.28%27.84%33.53%36.49%34.67%33.52%35.97%38.61%38.86%36.70%28.17%40.40%30.96%28.94%24.69%29.99%
EBITDA26.20M40.30M44.50M83.20M92.80M124.40M198.80M189.70M212.10M253.20M285.30M324.50M405.20M515.30M570.54M777.84M846.27M1.04B1.26B1.34B1.41B1.14B925.57M710.21M1.28B1.42B1.76B1.97B1.84B1.85B2.26B2.52B2.69B2.85B2.09B2.78B3.05B4.12B3.82B4.19B
EBITDA Margin---13.26%13.02%14.62%22.34%22.29%24.35%23.49%24.43%25.79%24.98%29.26%27.20%30.16%35.95%35.24%38.95%35.97%32.28%25.55%21.76%18.69%33.00%32.33%37.95%40.70%38.87%37.03%39.48%41.88%41.63%41.04%33.27%45.74%36.11%32.91%28.48%34.04%
Net Income26.20M40.30M44.50M41.20M53.90M67.20M97.90M102.00M117.30M131.00M151.10M176.20M208.00M265.60M286.16M378.07M485.09M573.94M722.52M782.18M839.19M654.26M555.89M379.89M736.16M859.48M1.03B1.14B1.07B1.08B1.32B1.41B1.92B1.93B1.35B1.86B1.99B2.74B2.59B2.85B
Net Income Margin---6.57%7.56%7.90%11.00%11.98%13.47%12.16%12.94%14.01%12.82%15.08%13.64%14.66%20.61%19.41%22.29%20.92%19.25%14.64%13.07%10.00%19.05%19.54%22.23%23.53%22.51%21.61%22.98%23.40%29.72%27.79%21.54%30.60%23.61%21.92%19.31%23.16%
R&D-----------------------0000000000-------
R&D as % of Total Revenue-----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000384.40M427.00M440.20M323.60M269.90M279.20M441.80M466.40M508.10M687.60M719.23M918.60M943.60M594.51M527.81M564.16M994.35M1.50B1.69B1.34B669.45M462.27M402.33M343.17M284.11M280.43M328.26M425.98M386.75M526.41M749.33M326.39M114.00M425.00M3.11B4.17B3.54B
Interest Expense % of Total Revenue---61.26%59.89%51.73%36.36%31.71%32.06%40.99%39.95%40.39%42.38%40.84%43.80%36.58%25.26%17.85%17.40%26.60%34.33%37.92%31.45%17.62%11.96%9.15%7.41%5.87%5.92%6.57%7.44%6.43%8.16%10.80%5.20%1.88%5.04%24.86%31.14%28.74%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets---6.23B7.72B9.17B9.59B10.37B10.53B11.96B12.94B14.00B20.58B22.41B28.95B31.45B33.20B49.83B52.94B55.15B57.06B64.88B65.82B68.88B68.02B77.92B83.01B85.16B96.69B122.79B123.45B118.59B120.10B119.87B142.60B155.11B200.73B208.26B208.10B213.51B
Total Liabilities---5.83B7.28B8.64B8.96B9.64B9.81B11.11B12.04B12.97B18.98B20.61B26.25B28.51B29.99B44.11B47.21B49.27B50.78B58.39B59.03B61.13B59.66B68.65B72.81B73.86B84.35B106.61B106.96B102.34B104.64B104.16B126.41B137.20B175.41B181.31B179.08B184.33B
Total Equity---406.30M437.20M535.80M626.80M723.90M721.00M846.30M905.70M1.03B1.60B1.80B2.70B2.94B3.21B5.72B5.73B5.88B6.28B6.49B6.78B7.75B8.36B9.27B10.20B11.31B12.34B16.17B16.49B16.25B15.46B15.72B16.19B17.90B25.32B26.96B29.03B29.18B
Cash---541.00M704.70M336.50M687.00M580.20M381.00M489.60M497.30M387.60M723.60M593.90M753.36M970.00M971.63M1.89B1.34B1.49B1.61B1.74B1.56B1.36B1.01B1.60B2.11B3.22B7.76B8.96B6.32B6.50B9.71B8.62B25.22B43.21B26.48B29.80B20.78B18.77B
Total Debt---847.70M975.00M1.03B768.40M2.18B1.46B1.47B1.33B1.53B3.80B4.33B5.49B6.51B7.93B9.98B11.05B11.35B9.98B16.14B15.08B12.68B8.79B7.47B5.68B5.37B9.20B12.79B9.82B8.49B12.84B7.05B4.44B3.53B7.52B13.52B13.66B13.06B
Net Debt---306.70M270.30M695.40M81.40M1.60B1.08B976.40M830.90M1.14B3.07B3.74B4.73B5.54B6.96B8.09B9.71B9.86B8.37B14.40B13.53B11.32B7.78B5.86B3.57B2.14B1.44B3.82B3.50B1.99B3.13B-1.57B-20.77B-39.68B-18.96B-16.28B-7.12B-5.71B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow24.30M83.70M259.70M317.30M184.80M337.20M108.50M234.20M359.40M36.60M606.60M346.64M154.30M638.42M1.24B724.37M298.37M539.86M1.33B1.63B1.19B1.68B1.77B499.98M932.32M1.10B1.74B1.18B2.78B2.09B2.36B789.19M2.71B4.57B3.90B3.61B3.00B
Investing Cash Flow-259.80M243.50M597.60M894.90M-893.30M-23.40M-1.18B-927.50M-1.02B-786.30M6.80M-560.05M-445.09M-1.58B-278.53M-3.96B-1.58B-366.70M-4.78B-2.26B2.50B475.41M368.93M-4.06B-2.20B-11.71B7.71B-720.77M3.39B-1.41B727.01M-22.02B-13.63B16.59B-7.87B-550.00M-6.82B
Financing Cash Flow255.40M-319.40M-822.10M-971.80M656.80M-458.20M1.06B779.20M596.00M1.09B-99.90M-255.38M530.02M1.22B-341.97M2.70B1.40B-38.65M3.59B435.95M-4.01B-2.46B-1.62B4.10B957.57M10.31B-9.46B-510.13M-6.08B-495.25M-3.25B21.35B10.70B-20.98B4.18B-2.88B1.80B
Capital Expenditure6.70M7.50M28.90M32.30M22.30M6.90M17.50M20.30M13.30M16.80M22.90M18.78M23.74M16.84M31.63M89.56M76.91M91.97M109.73M96.58M58.97M70.46M70.01M91.52M129.56M73.16M81.94M107.69M78.97M97.68M178.05M172.29M149.21M214.39M256.00M216.00M143.00M
Free Cash Flow17.60M76.20M230.80M285.00M162.50M330.30M91.00M213.90M346.10M19.80M583.70M327.86M130.56M621.59M1.20B634.81M221.46M447.89M1.23B1.53B1.13B1.61B1.70B408.46M802.76M1.03B1.66B1.08B2.70B1.99B2.18B616.90M2.57B4.36B3.65B3.39B2.86B
Dividends Paid7.60M8.30M12.20M14.40M16.70M18.30M19.80M19.50M21.20M29.00M35.10M51.99M95.87M96.86M135.42M187.67M198.62M249.82M281.90M308.50M357.65M375.53M398.33M411.17M418.80M441.43M456.29M523.16M530.14M582.90M619.59M636.37M648.46M881.02M968.00M1.03B1.04B
FCF to OCF72.43%91.04%88.87%89.82%87.93%97.95%83.87%91.33%96.30%54.10%96.22%94.58%84.62%97.36%97.44%87.64%74.22%82.96%91.78%94.07%95.04%95.80%96.05%81.70%86.10%93.34%95.30%90.90%97.16%95.33%92.45%78.17%94.50%95.31%93.44%94.02%95.24%
Dividend Paid to FCF43.18%10.89%5.29%5.05%10.28%5.54%21.76%9.12%6.13%146.46%6.01%15.86%73.43%15.58%11.24%29.56%89.69%55.78%23.01%20.14%31.64%23.39%23.40%100.66%52.17%43.03%27.48%48.63%19.61%29.26%28.43%103.16%25.27%20.21%26.53%30.44%36.54%

Earnings

Report DateApr 16, 1996Jul 9, 1996Oct 9, 1996Jan 9, 1997Apr 15, 1997Jul 10, 1997Oct 7, 1997Jan 9, 1998Apr 8, 1998Jul 8, 1998Oct 8, 1998Jan 12, 1999Apr 20, 1999Jul 12, 1999Oct 8, 1999Jan 10, 2000Apr 18, 2000Jul 11, 2000Oct 11, 2000Jan 10, 2001Apr 17, 2001Jul 10, 2001Oct 9, 2001Jan 9, 2002Apr 16, 2002Jul 10, 2002Oct 9, 2002Jan 10, 2003Apr 10, 2003Jul 14, 2003Oct 10, 2003Jan 12, 2004Apr 20, 2004Jul 12, 2004Oct 12, 2004Jan 11, 2005Apr 19, 2005Jul 12, 2005Oct 12, 2005Jan 11, 2006Apr 18, 2006Jul 12, 2006Oct 11, 2006Jan 11, 2007Apr 17, 2007Jul 12, 2007Oct 11, 2007Jan 14, 2008Apr 15, 2008Jul 14, 2008Oct 21, 2008Jan 22, 2009Apr 21, 2009Jul 20, 2009Oct 20, 2009Jan 20, 2010Apr 19, 2010Jul 21, 2010Oct 20, 2010Jan 14, 2011Apr 18, 2011Jul 20, 2011Oct 19, 2011Jan 17, 2012Apr 16, 2012Jul 17, 2012Oct 17, 2012Jan 16, 2013Apr 15, 2013Jul 17, 2013Oct 17, 2013Jan 17, 2014Apr 14, 2014Jul 17, 2014Oct 17, 2014Jan 20, 2015Apr 20, 2015Jul 16, 2015Oct 19, 2015Jan 19, 2016Apr 18, 2016Jul 20, 2016Oct 19, 2016Jan 19, 2017Apr 17, 2017Jul 19, 2017Oct 18, 2017Jan 18, 2018Apr 16, 2018Jul 18, 2018Oct 17, 2018Jan 17, 2019Apr 15, 2019Jul 18, 2019Oct 17, 2019Jan 23, 2020Apr 20, 2020Jul 23, 2020Oct 22, 2020Jan 21, 2021Apr 19, 2021Jul 21, 2021Oct 20, 2021Jan 20, 2022Apr 20, 2022Jul 20, 2022Oct 19, 2022Jan 19, 2023Apr 17, 2023Jul 19, 2023Oct 18, 2023Jan 18, 2024Apr 15, 2024Jul 18, 2024Oct 17, 2024Jan 16, 2025Apr 14, 2025Jul 16, 2025Oct 16, 2025Jan 16, 2026Apr 15, 2026Jul 15, 2026Oct 16, 2026Jan 19, 2027
EPS Estimate0.500.520.550.560.570.600.640.680.660.700.740.730.800.860.850.860.860.900.930.870.890.940.981.001.201.251.271.321.281.241.371.401.381.451.511.591.621.651.701.751.741.811.841.881.571.851.941.751.551.501.171.100.700.590.680.860.981.281.421.471.421.561.671.521.491.681.852.161.982.092.081.921.611.901.981.941.761.982.001.971.892.072.042.031.942.252.402.402.773.163.353.503.293.683.593.462.511.862.533.042.983.543.503.262.343.154.264.443.964.033.923.673.123.493.623.743.404.014.394.474.024.664.98-
EPS Actual0.500.540.560.570.580.620.660.670.700.780.820.710.950.800.840.820.860.910.940.890.900.940.981.051.251.261.231.331.271.271.381.361.351.631.561.621.621.691.721.781.771.891.851.881.571.921.831.521.581.531.341.160.680.790.981.041.231.461.481.451.592.421.321.041.501.712.172.161.982.172.111.741.611.981.911.921.651.991.932.051.822.031.991.982.122.352.212.662.843.253.553.733.353.613.533.642.061.702.743.513.403.495.063.492.733.123.774.514.014.113.983.603.013.794.033.773.324.244.824.674.135.355.08-
Surprise0.00%3.85%1.82%1.79%1.75%3.33%3.13%-1.47%6.06%11.43%10.81%-2.74%18.75%-6.98%-1.18%-4.65%0.00%1.11%1.08%2.30%1.12%0.00%0.00%5.00%4.17%0.80%-3.15%0.76%-0.78%2.42%0.73%-2.86%-2.17%12.41%3.31%1.89%0.00%2.42%1.18%1.71%1.72%4.42%0.54%0.00%0.00%3.78%-5.67%-13.14%1.94%2.00%14.53%5.45%-2.86%33.90%44.12%20.93%25.51%14.06%4.23%-1.36%11.97%55.13%-20.96%-31.58%0.67%1.79%17.30%0.00%0.00%3.83%1.44%-9.38%0.00%4.21%-3.54%-1.03%-6.25%0.51%-3.50%4.06%-3.70%-1.93%-2.45%-2.46%9.28%4.44%-7.92%10.83%2.53%2.85%5.97%6.57%1.82%-1.90%-1.67%5.20%-17.93%-8.60%8.30%15.46%14.09%-1.41%44.57%7.06%16.67%-0.95%-11.50%1.58%1.26%1.99%1.53%-1.91%-3.53%8.60%11.33%0.80%-2.35%5.74%9.79%4.47%2.74%14.81%2.01%-
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market----------After-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap31.64B
Enterprise Value38.54B
Trailing P/E11.50
Forward P/E10.48
PEG Ratio1.31
Price / Sales3.34
Price / Book1.26
EPS19.14
Book Value174.95
Revenue (TTM)9.46B
Gross Profit (TTM)9.46B
Profit Margin31.87%
Operating Margin43.07%
Return on Equity10.60%
Return on Assets1.40%
Shares Outstanding143.71M
Shares Float143.04M
Beta0.61
Dividend Yield2.72%
Dividend Rate6.00
Payout Ratio24.95%

Analyst Ratings

Hold
Based on 22 analystsTarget 245.93
  • Strong Buy
    3
  • Buy
    3
  • Hold
    15
  • Strong Sell
    1

Ownership Breakdown

Institutions
93.11%
Insiders
0.32%
Retail / Other
6.57%

Top Institutional Holders

  • BlackRock Inc
    12.85M8.90%
  • FMR Inc
    12.42M8.60%
  • Wellington Management Company LLP
    9.80M6.79%
  • Vanguard Capital Management, LLC
    9.57M6.62%
  • State Street Corp
    7.11M4.93%
  • Vanguard Portfolio Management, LLC
    7.08M4.90%
  • Geode Capital Management, LLC
    4.35M3.01%
  • State Farm Mutual Automobile Ins Co
    4.12M2.85%
  • JPMorgan Chase & Co
    4.05M2.80%
  • Amvescap Plc.
    4.03M2.79%
  • Morgan Stanley - Brokerage Accounts
    3.59M2.49%
  • NORGES BANK
    1.99M1.37%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    4.58M3.17%
  • Vanguard 500 Index Investor
    3.79M2.63%
  • Vanguard Equity-Income Inv
    3.58M2.48%
  • Vanguard MStar Mid Cap Index Instl
    3.09M2.14%
  • iShares Core S&P 500 ETF
    1.92M1.33%
  • Fidelity 500 Index
    1.90M1.32%
  • State Street® SPDR® S&P 500® ETF
    1.76M1.22%
  • Strategic Advisers Fidelity US TtlStk
    1.62M1.12%