M&T Bank Corp (MTB)
Financials · Regional Banks · US stock · S&P 500 component
$215.28
▼ -3.37 (1.54%)
Fair valueFair
$247 +14.8% to fair value
$124fair band $148–$346$371
Day's range
$212.46 – $223.46
52-week range
$169.89 – $254.31
About M&T Bank Corp
M&T Bank is a regional bank holding company with its main operations in the northeastern and mid-Atlantic United States. Through its banking subsidiary it takes deposits and makes commercial, real estate and consumer loans, and it also offers wealth management and trust services. Most of its income is net interest income, which is the gap between interest earned on loans and securities and interest paid on deposits, plus fee income.
Over the last twelve months M&T Bank Corp reported revenue of $1.7 billion, which declined at 41.3% a year across three years. Its operating margin is 230.3% and its return on invested capital is 11%. Leverage, measured as net debt to EBITDA, is 0.2 times. The company pays a dividend with a yield of 2.8%. The X-Ray Score is 63 out of 100, a summary of these measures.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $169.89 – $254.31Volume 2,042,996Daily, split-adjusted
Vitals
Market cap$31.6B
52-week range$169.89 – $254.31
Volume (last day)2,042,996
P/E (TTM)10.9
EBIT / EV yield12.1%
Free-cash-flow yield–
Dividend yield2.8%
Revenue (TTM)$1.7B
Net income (TTM)$3.0B
Operating margin230.3%
Return on capital10.6%
Debt incl. leases$18.2B
Cash & securities$17.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$247
Fair
+14.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $215
Undervalued < $148Fair $148 – $346Overvalued > $346
Excess-return (bank)
$204
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Strong
76/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield12.1%
Fair value vs price1.1×
Growth
Weak
48/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-41.3%
EPS growth (3y)13.8%
Growth consistency100%
Profitability
Weak
44/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital10.6%
Operating margin230.3%
Financial health
Strong
80/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA0.2×
Interest coverNo interest cost
Dividends
Fair
63/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.8%
Dividend growth4.7%
Quarterly results: last 6 quarters
+8.2%
Mar '25
+7.5%
Jun '25
+7.4%
Sep '25
+7.1%
Dec '25
+5.3%
Mar '26
+6.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $442M, diluted EPS $5.32.
Compare with peers
RF Regions Financial Corp57 KEY Keycorp53 HBAN Huntington Bancshares...46 CFG Citizens Financial Gro...45Other Regional Banks companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 3 Average · ● 1 BadCash quality
Earnings backed by cashAverage
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 60/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $8.2B | $9.6B | $1.5B | $1.7B |
| Operating income | $2.6B | $3.0B | $6.7B | $3.3B | $3.7B |
| Net income | $1.9B | $2.0B | $2.7B | $2.6B | $2.9B |
| Operating cash flow | $2.7B | $4.6B | $3.9B | $3.6B | $3.0B |
| Operating margin | 42.9% | 37.1% | 69.8% | 214.8% | 222.8% |
| Free cash flow | $2.6B | $4.4B | $3.6B | – | – |
| Diluted EPS | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
0 bullish · 4 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 217.6 | Bearish |
| EMA 10 | 217.8 | Bearish |
| SMA 20 | 218.9 | Bearish |
| EMA 20 | 220.5 | Bearish |
| SMA 50 | 231.7 | Bearish |
| EMA 50 | 227.1 | Bearish |
| SMA 100 | 233.2 | Bearish |
| EMA 100 | 227.8 | Bearish |
| SMA 200 | 222.3 | Bearish |
| EMA 200 | 220.8 | Bearish |
Oscillators (daily)
| RSI (14) | 34.96 | Neutral |
| MACD (12, 26) | -4.03 | Bearish |
| Momentum (12) | -1.07 | Bearish |
| Stochastic %K (14) | 30.38 | Neutral |
| Williams %R (14) | -69.62 | Neutral |
| CCI (20) | -64.95 | Neutral |
Pivot points (classic, last session)
S3 199.7 | S2 206.1 | S1 210.7 | Pivot 217.1 | R1 221.7 | R2 228.1 | R3 232.7 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
6.00 USD
Yield on today's price
2.79%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1 Sep 2026 | 1.5000 |
| 1 Jun 2026 | 1.5000 |
| 2 Mar 2026 | 1.5000 |
| 1 Dec 2025 | 1.5000 |
| 2 Sep 2025 | 1.5000 |
| 2 Jun 2025 | 1.3500 |
| 3 Mar 2025 | 1.3500 |
| 2 Dec 2024 | 1.3500 |
| 3 Sep 2024 | 1.3500 |
| 3 Jun 2024 | 1.3500 |
| 1 Mar 2024 | 1.3000 |
| 30 Nov 2023 | 1.3000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MTB SEC filings
16 Oct 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
28 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
22 Sep 2026
8-KSEC EDGAR
Other events
22 Sep 2026
424B5SEC EDGAR
424B5
14 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
4 Aug 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Other events
17 Jul 2026
424B5SEC EDGAR
424B5
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.