MTB Stock Analysis: M&T Bank | NYSE
Banks - Regional | NYSE, USA | Market Cap: 35.432m USD | 12M Return: 23% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 270M
EPS Trend: 30.0%
Qual. Beats: 0
Rev. Trend: 22.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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 is a U.S. bank holding company that operates through Manufacturers and Traders Trust Company and Wilmington Trust, National Association, delivering retail and commercial banking services nationwide. As a large-cap regional bank, it serves middle-market and large commercial clients, small businesses, and consumers through a branch network supplemented by telephone, online, and ATM channels.
Operations are organized into three reportable segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The Commercial Bank provides lending, leasing, letters of credit, cash management, and commercial real estate financing, while the Retail Bank offers deposits, residential mortgages, home equity, auto and recreational loans, and credit cards. The Institutional Services and Wealth Management segment delivers trustee, agency, investment management, fiduciary, and family office services, plus investment products such as mutual funds and annuities to institutions and high-net-worth clients.
Founded in 1856 and headquartered in Buffalo, New York, M&T combines traditional interest-based banking with fee-generating wealth and institutional services, a dual-revenue model common among super-regional banks that helps offset cyclical pressure on net interest margins.
- Net interest margin expands on asset repricing from Fed tightening
- Commercial real estate exposure raises credit loss provisions
- Peoples United acquisition boosts deposits and fee income
| Net Income: 2.93b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.12 > 1.0 |
| NWC/Revenue: -942.6% < 20% (prev -965.5%; Δ 22.93% < -1%) |
| CFO/TA 0.02 > 3% & CFO 3.38b > Net Income 2.93b |
| Net Debt (-36.0b) to EBITDA (4.15b): -8.69 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (156.6m) vs 12m ago -5.15% < -2% |
| Gross Margin: 75.31% > 18% (prev 66.00%; Δ 9.31% > 0.5%) |
| Asset Turnover: 5.82% > 50% (prev 6.31%; Δ -0.50% > 0%) |
| Interest Coverage Ratio: 1.10 > 6 (EBIT TTM 3.79b / Interest Expense TTM 3.46b) |
| A: -0.54 (Total Current Assets 55.1b - Total Current Liabilities 172b) / Total Assets 215b |
| B: 0.10 (Retained Earnings 21.5b / Total Assets 215b) |
| C: 0.02 (EBIT TTM 3.79b / Avg Total Assets 213b) |
| D: 0.15 (Book Value of Equity 28.0b / Total Liabilities 187b) |
| Altman-Z'' = -2.96 = D |
As of July 03, 2026, the stock is trading at USD 238.88 with a total of 713,250 shares traded. Over the past week, the price has changed by +0.89%, over one month by +9.94%, over three months by +14.46% and over the past year by +22.97%.
Current recommended Stop Loss: 233.00 (which is 2.5% or 1.3 ATR below the current price).
M&T Bank has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy MTB.
- StrongBuy: 9
- Buy: 3
- Hold: 8
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 236.2 | -1.1% |
P/E Trailing = 13.5851
P/E Forward = 12.9366
P/S = 3.8058
P/B = 1.3874
P/EG = 1.558
Revenue TTM = 12.4b USD
EBIT TTM = 3.79b USD
EBITDA TTM = 4.15b USD
Long Term Debt = 11.2b USD (from longTermDebt, last quarter)
Short Term Debt = 7.85b USD (from shortTermDebt, last quarter)
Debt = 19.0b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -36.0b USD (calculated: Debt 19.0b - CCE 55.1b)
Enterprise Value = 35.4b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 1.10 (Ebit TTM 3.79b / Interest Expense TTM 3.46b)
EV/FCF = 10.89x (Enterprise Value 35.4b / FCF TTM 3.25b)
FCF Yield = 9.18% (FCF TTM 3.25b / Enterprise Value 35.4b)
FCF Margin = 26.31% (FCF TTM 3.25b / Revenue TTM 12.4b)
Net Margin = 23.71% (Net Income TTM 2.93b / Revenue TTM 12.4b)
Gross Margin = 75.31% ((Revenue TTM 12.4b - Cost of Revenue TTM 3.05b) / Revenue TTM)
Gross Margin QoQ = 71.35% (prev 70.51%)
Tobins Q-Ratio = 0.17 (Enterprise Value 35.4b / Total Assets 215b)
Interest Expense / Debt = 18.17% (Interest Expense 3.46b / Debt 19.0b)
Taxrate = 22.75% (863.0m / 3.79b)
NOPAT = 2.93b (EBIT 3.79b * (1 - 22.75%))
Current Ratio = 0.32 (Total Current Assets 55.1b / Total Current Liabilities 172b)
Debt / Equity = 0.68 (Debt 19.0b / totalStockholderEquity, last quarter 28.0b)
Debt / EBITDA = -8.69 (Net Debt -36.0b / EBITDA 4.15b)
Debt / FCF = -11.08 (Net Debt -36.0b / FCF TTM 3.25b)
Total Stockholder Equity = 28.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.38% (Net Income 2.93b / Total Assets 215b)
RoE = 10.25% (Net Income TTM 2.93b / Total Stockholder Equity 28.6b)
RoCE = 9.54% (EBIT 3.79b / Capital Employed (Equity 28.6b + L.T.Debt 11.2b))
RoIC = 5.82% (NOPAT 2.93b / Invested Capital 50.4b)
WACC = 10.52% (E(35.4b)/V(54.5b) * Re(8.63%) + D(19.0b)/V(54.5b) * Rd(18.17%) * (1-Tc(0.23)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.01 | Cagr: -2.76%
[DCF] Terminal Value 67.35% ; FCFF base≈3.32b ; Y1≈3.19b ; Y5≈3.09b
[DCF] Fair Price = 489.3 (EV 35.6b - Net Debt -36.0b = Equity 71.7b / Shares 146.4m; r=10.52% [WACC]; 5y FCF grow -5.19% → 2.50% )
EPS Correlation: 30.04 | EPS CAGR: 2.42% | SUE: 0.53 | # QB: 0
Revenue Correlation: 22.44 | Revenue CAGR: 1.29% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-09-30): EPS=4.90 | Chg30d=+0.34% | Revisions=-58% | Analysts=14
EPS current Year (2026-12-31): EPS=18.75 | Chg30d=+0.21% | Revisions=-43% | GrowthEPS=+10.3% | GrowthRev=+2.8%
EPS next Year (2027-12-31): EPS=20.94 | Chg30d=+0.36% | Revisions=-43% | GrowthEPS=+11.7% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -58%