(MTB) M&T Bank - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US55261F1049

Loans, Deposits, Mortgages, Cards, Wealth

Regional Banks
Market Cap in USD: 33,079m

IPO / Inception: 1991-10-04
12m vs SPY: -6.61%

EPS (Earnings per Share)

EPS CAGR: 9.96%
EPS Trend: 37.4%

Last SUE: 1.56
Qual. Beats: 1

Revenue

Rev. CAGR: 14.01%
Rev. Trend: 70.9%

Last SUE: 0.06
Qual. Beats: 0

Dividends

Dividend Yield	3.01%
Yield on Cost 5y	4.62%
Yield CAGR 5y	6.09%
Payout Consistency	96.8%
Payout Ratio	35.3%

Risk via 5d forecast
Volatility	26.9%
Value at Risk 5%th	41.4%
Relative Tail Risk	-6.63%

Reward TTM
Sharpe Ratio	0.44
Alpha	-5.00
CAGR/Max DD	0.55

Character TTM
Hurst Exponent	0.587
Beta	0.933
Beta Downside	1.123

Drawdowns 3y
Max DD	30.46%
Mean DD	12.10%
Median DD	11.51%

Description: MTB M&T Bank December 17, 2025

M&T Bank Corporation (NYSE:MTB) is a U.S. bank holding company that operates Manufacturers and Traders Trust Company and Wilmington Trust, NA. It serves retail, commercial, and institutional clients through three segments: Commercial Bank, Retail Bank, and Institutional Services & Wealth Management.

Key product lines include commercial loans and leasing, letters of credit, cash-management services, and middle-market real-estate financing; consumer offerings span demand- and time-deposit accounts, auto and home-equity loans, credit cards, and residential mortgages; the Institutional Services arm provides trustee, agency, investment-management, brokerage, and family-office solutions.

Recent performance metrics (Q2 2024) show a loan portfolio of roughly $91 billion, deposits of $101 billion, a net interest margin of 3.6 %, an efficiency ratio of 58 %, and a return on equity of 12 %. The bank’s earnings are sensitive to the Federal Reserve’s rate policy and regional economic conditions, especially commercial-real-estate demand in the Midwest and Northeast.

For a deeper, data-driven valuation framework, you may find the ValueRay analysis worth reviewing.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (2.77b TTM) > 0 and > 6% of Revenue (6% = 739.0m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 0.74pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -1035 % (prev -957.0%; Δ -78.37pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 4.16b > Net Income 2.77b (YES >=105%, WARN >=100%)

Net Debt (-3.71b) to EBITDA (4.00b) ratio: -0.93 <= 3.0 (WARN <= 3.5)

Current Ratio 0.23 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (156.6m) change vs 12m ago -6.57% (target <= -2.0% for YES)

Gross Margin 73.53% (prev 63.27%; Δ 10.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 5.82% (prev 6.31%; Δ -0.49pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.98 (EBITDA TTM 4.00b / Interest Expense TTM 3.66b) >= 6 (WARN >= 3)

Altman Z'' -3.41

(A) -0.60 = (Total Current Assets 37.95b - Total Current Liabilities 165.49b) / Total Assets 211.28b

(B) 0.10 = Retained Earnings (Balance) 20.39b / Total Assets 211.28b

(D) 0.11 = Book Value of Equity 20.76b / Total Liabilities 182.55b

Total Rating: -3.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.13

1. Piotroski 5.0pt

2. FCF Yield 40.25%

3. FCF Margin 33.05%

4. Debt/Equity 0.52

5. Debt/Ebitda -0.93

6. ROIC - WACC (= -0.98)%

7. RoE 9.62%

8. Rev. Trend 70.89%

9. EPS Trend 37.36%

What is the price of MTB shares?

As of January 14, 2026, the stock is trading at USD 209.16 with a total of 919,656 shares traded.
Over the past week, the price has changed by -1.03%, over one month by +2.17%, over three months by +15.39% and over the past year by +12.75%.

Is MTB a buy, sell or hold?

M&T Bank has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy MTB.

Strong Buy: 9
Buy: 3
Hold: 8
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the MTB price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	227.7	8.9%
Analysts Target Price	227.7	8.9%
ValueRay Target Price	233.8	11.8%

MTB Fundamental Data Overview January 11, 2026

P/E Trailing = 13.0747
P/E Forward = 11.4155
P/S = 3.6431
P/B = 1.2467
P/EG = 1.4629
Beta = 0.583
Revenue TTM = 12.32b USD
EBIT TTM = 3.60b USD
EBITDA TTM = 4.00b USD
Long Term Debt = 12.93b USD (from longTermDebt, last quarter)
Short Term Debt = 2.06b USD (from shortTermDebt, last quarter)
Debt = 14.99b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.71b USD (from netDebt column, last quarter)
Enterprise Value = 10.11b USD (33.08b + Debt 14.99b - CCE 37.95b)
Interest Coverage Ratio = 0.98 (Ebit TTM 3.60b / Interest Expense TTM 3.66b)
EV/FCF = 2.48x (Enterprise Value 10.11b / FCF TTM 4.07b)
FCF Yield = 40.25% (FCF TTM 4.07b / Enterprise Value 10.11b)
FCF Margin = 33.05% (FCF TTM 4.07b / Revenue TTM 12.32b)
Net Margin = 22.51% (Net Income TTM 2.77b / Revenue TTM 12.32b)
Gross Margin = 73.53% ((Revenue TTM 12.32b - Cost of Revenue TTM 3.26b) / Revenue TTM)
Gross Margin QoQ = 95.03% (prev 68.99%)
Tobins Q-Ratio = 0.05 (Enterprise Value 10.11b / Total Assets 211.28b)
Interest Expense / Debt = 6.13% (Interest Expense 919.0m / Debt 14.99b)
Taxrate = 22.73% (233.0m / 1.02b)
NOPAT = 2.78b (EBIT 3.60b * (1 - 22.73%))
Current Ratio = 0.23 (Total Current Assets 37.95b / Total Current Liabilities 165.49b)
Debt / Equity = 0.52 (Debt 14.99b / totalStockholderEquity, last quarter 28.73b)
Debt / EBITDA = -0.93 (Net Debt -3.71b / EBITDA 4.00b)
Debt / FCF = -0.91 (Net Debt -3.71b / FCF TTM 4.07b)
Total Stockholder Equity = 28.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.31% (Net Income 2.77b / Total Assets 211.28b)
RoE = 9.62% (Net Income TTM 2.77b / Total Stockholder Equity 28.82b)
RoCE = 8.63% (EBIT 3.60b / Capital Employed (Equity 28.82b + L.T.Debt 12.93b))
RoIC = 6.93% (NOPAT 2.78b / Invested Capital 40.15b)
WACC = 7.91% (E(33.08b)/V(48.07b) * Re(9.35%) + D(14.99b)/V(48.07b) * Rd(6.13%) * (1-Tc(0.23)))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -3.10%
[DCF Debug] Terminal Value 78.19% ; FCFF base≈3.45b ; Y1≈3.39b ; Y5≈3.48b
Fair Price DCF = 430.8 (EV 62.50b - Net Debt -3.71b = Equity 66.21b / Shares 153.7m; r=7.91% [WACC]; 5y FCF grow -2.43% → 2.90% )
EPS Correlation: 37.36 | EPS CAGR: 9.96% | SUE: 1.56 | # QB: 1
Revenue Correlation: 70.89 | Revenue CAGR: 14.01% | SUE: 0.06 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.03 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=10
EPS next Year (2026-12-31): EPS=18.66 | Chg30d=-0.025 | Revisions Net=-4 | Growth EPS=+12.0% | Growth Revenue=+3.6%

Additional Sources for MTB Stock

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