MTB Stock Analysis: M&T Bank | NYSE
Banks - Regional | NYSE, USA | Market Cap: 31.814m USD | 12M Return: 25.9% | US55261F1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 218M
EPS Trend: 85.7%
Qual. Beats: 0
Rev. Trend: -38.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
M&T Bank Corporation (MTB) is a U.S. bank holding company that operates primarily through its subsidiaries, Manufacturers and Traders Trust Company and Wilmington Trust, National Association. Founded in 1856 and headquartered in Buffalo, New York, the company is classified within the Financials sector as a Regional Bank, serving retail, commercial, and institutional customers across the United States.
The company conducts its business through three operating segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The Commercial Bank serves middle-market and large corporate clients with lending, leasing, letters of credit, deposit products, cash management, and commercial real estate financing. The Retail Bank provides consumer and small business products, including demand, savings, and time deposits, residential mortgages, home equity loans, automobile and recreational financing, credit cards, merchant services, and multi-channel access through branches, telephone, online, and ATM banking.
The Institutional Services and Wealth Management segment delivers fee-based services such as trustee, agency, investment management, personal trust, fiduciary, asset management, family office, and estate planning, along with investment products including mutual funds and annuities. The mix of traditional spread-based lending and fee-generating trust and wealth management services is a common dual-revenue model used by large U.S. regional banks, helping to diversify income beyond net interest margin.
- Net interest margin expands as Fed rate cuts slow
- Commercial real estate loan losses weigh on credit provisions
- Wealth Management fees grow on higher equity markets and AUM
| Net Income: 3.02b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.27 > 1.0 |
| NWC/Revenue: -34.34% < 20% (prev -1.04k%; Δ 1.00k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 3.80b > Net Income 3.02b |
| Net Debt (18.2b) to EBITDA (4.61b): 3.96 < 3 |
| Current Ratio: 0.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (145.2m) vs 12m ago -7.27% < -2% |
| Gross Margin: 71.01% > 18% (prev 73.53%; Δ -2.52% > 0.5%) |
| Asset Turnover: 6.17% > 50% (prev 5.83%; Δ 0.34% > 0%) |
| Interest Coverage Ratio: 1.23 > 6 (EBIT TTM 4.11b / Interest Expense TTM 3.34b) |
| A: -0.02 (Total Current Assets 1.80b - Total Current Liabilities 6.37b) / Total Assets 221b |
| B: 0.09 (Retained Earnings 20.9b / Total Assets 221b) |
| C: 0.02 (EBIT TTM 4.11b / Avg Total Assets 216b) |
| D: 0.15 (Book Value of Equity 28.2b / Total Liabilities 192b) |
| Altman-Z'' = 0.45 = B |
As of October 24, 2026, the stock is trading at USD 221.66 with a total of 1,019,090 shares traded. Over the past week, the price has changed by +2.96%, over one month by +0.95%, over three months by -9.30% and over the past year by +25.91%.
Current recommended Stop Loss: 215.60 (which is 2.7% or 1.3 ATR below the current price).
M&T Bank has received a consensus analysts rating of 3.32. Therefore, it is recommended to hold MTB.
- StrongBuy: 3
- Buy: 3
- Hold: 15
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 248.3 | 12% |
P/E Trailing = 11.602
P/E Forward = 10.627
P/S = 3.3496
P/B = 1.2647
P/EG = 1.3627
Revenue TTM = 13.3b USD
EBIT TTM = 4.11b USD
EBITDA TTM = 4.61b USD
Long Term Debt = 10.9b USD (from longTermDebt, last fiscal year)
Short Term Debt = 6.37b USD (from shortTermDebt, last quarter)
Debt = 20.0b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.2b USD (calculated: Debt 20.0b - CCE 1.80b)
Enterprise Value = 50.0b USD (31.8b + Debt 20.0b - CCE 1.80b)
Interest Coverage Ratio = 1.23 (Ebit TTM 4.11b / Interest Expense TTM 3.34b)
EV/FCF = 13.59x (Enterprise Value 50.0b / FCF TTM 3.68b)
FCF Yield = 7.36% (FCF TTM 3.68b / Enterprise Value 50.0b)
FCF Margin = 27.63% (FCF TTM 3.68b / Revenue TTM 13.3b)
Net Margin = 22.63% (Net Income TTM 3.02b / Revenue TTM 13.3b)
Gross Margin = 71.01% ((Revenue TTM 13.3b - Cost of Revenue TTM 3.86b) / Revenue TTM)
Gross Margin QoQ = 70.41% (prev 71.79%)
Tobins Q-Ratio = 0.23 (Enterprise Value 50.0b / Total Assets 221b)
Interest Expense / Debt = 16.70% (Interest Expense 3.34b / Debt 20.0b)
Taxrate = 22.77% (889.0m / 3.90b)
NOPAT = 3.17b (EBIT 4.11b * (1 - 22.77%))
Current Ratio = 0.28 (Total Current Assets 1.80b / Total Current Liabilities 6.37b)
Debt / Equity = 0.71 (Debt 20.0b / totalStockholderEquity, last quarter 28.2b)
Debt / EBITDA = 3.96 (Net Debt 18.2b / EBITDA 4.61b)
Debt / FCF = 4.95 (Net Debt 18.2b / FCF TTM 3.68b)
Total Stockholder Equity = 28.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.40% (Net Income 3.02b / Total Assets 221b)
RoE = 10.65% (Net Income TTM 3.02b / Total Stockholder Equity 28.3b)
RoCE = 10.48% (EBIT 4.11b / Capital Employed (Equity 28.3b + L.T.Debt 10.9b))
RoIC = 1.44% (NOPAT 3.17b / Invested Capital 220b)
WACC = 10.05% (E(31.8b)/V(51.8b) * Re(8.25%) + D(20.0b)/V(51.8b) * Rd(16.70%) * (1-Tc(0.23)))
Discount Rate = 8.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.81 | Cagr: -6.20%
[DCF] Terminal Value 72.68% ; FCFF base≈3.39b ; Y1≈3.89b ; Y5≈5.73b
[DCF] Fair Price = 331.7 (EV 66.3b - Net Debt 18.2b = Equity 48.1b / Shares 144.9m; r=10.05% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 85.74 | EPS CAGR: 10.61% | SUE: 0.40 | # QB: 0
Revenue Correlation: -38.71 | Revenue CAGR: -1.50% | SUE: 0.67 | # QB: 0
EPS current Quarter (2027-03-31): EPS=4.58 | Chg30d=-0.24% | Revisions=+0% | Analysts=12
EPS current Year (2026-12-31): EPS=19.46 | Chg30d=+0.62% | Revisions=+15% | GrowthEPS=+14.5% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=21.08 | Chg30d=-0.01% | Revisions=-18% | GrowthEPS=+8.3% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +0% (up=11, down=11)