M&T Bank (MTB) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
MTB Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$210
FV
1.4% overvalued intrinsic discount-100.00%
Revenue growth p.a.
61
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M&T Bank Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$213.02 |
| 52 Week High | US$239.00 |
| 52 Week Low | US$174.76 |
| Beta | 0.59 |
| 1 Month Change | 0.43% |
| 3 Month Change | -10.50% |
| 1 Year Change | 19.97% |
| 3 Year Change | 88.10% |
| 5 Year Change | 29.35% |
| Change since IPO | 6,771.61% |
Recent News & Updates
Seeking Alpha • May 01
M&T Bank: Make Your Local Bank Your Friend
Summary M&T Bank delivers robust returns, with Q1 2026 EPS up 24.4% and strong capital allocation discipline. MTB’s forward P/E of 11.4 and 10.1% projected EPS CAGR through 2028 signal a 12% discount to $250 fair value. Consistent share buybacks and a 2.7% yield, supported by a low-30% payout ratio, underpin MTB’s 8% annual dividend growth. Risks include recession exposure and net interest margin compression, but asset quality and growth drivers remain intact. Read the full article on Seeking Alpha
Narrative Update • Apr 27
MTB: Loan Trends And Buybacks Will Shape Balanced Future Shareholder Returns
M&T Bank's analyst price target has shifted modestly higher to about $233.76, with mixed recent Street revisions reflecting differing views on loan growth, net interest margin and capital return. This updated fair value now incorporates a slightly higher discount rate and future P/E, alongside small adjustments to revenue growth and profit margin assumptions.Recent updates
Seeking Alpha • May 01
M&T Bank: Make Your Local Bank Your Friend
Summary M&T Bank delivers robust returns, with Q1 2026 EPS up 24.4% and strong capital allocation discipline. MTB’s forward P/E of 11.4 and 10.1% projected EPS CAGR through 2028 signal a 12% discount to $250 fair value. Consistent share buybacks and a 2.7% yield, supported by a low-30% payout ratio, underpin MTB’s 8% annual dividend growth. Risks include recession exposure and net interest margin compression, but asset quality and growth drivers remain intact. Read the full article on Seeking AlphaNarrative Update • Apr 27
MTB: Loan Trends And Buybacks Will Shape Balanced Future Shareholder Returns
M&T Bank's analyst price target has shifted modestly higher to about $233.76, with mixed recent Street revisions reflecting differing views on loan growth, net interest margin and capital return. This updated fair value now incorporates a slightly higher discount rate and future P/E, alongside small adjustments to revenue growth and profit margin assumptions.Narrative Update • Apr 13
MTB: Loan Momentum And Buybacks Will Support Balanced Future Shareholder Returns
Narrative Update: M&T Bank The analyst price target for M&T Bank has been trimmed by about $3 to $231.50 as analysts modestly adjust fair value, discount rate, revenue growth, profit margin, and future P/E assumptions following a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on M&T Bank shows a mix of target price increases and reductions, as analysts refresh their views on valuation, growth, and execution across the midcap banks group.Narrative Update • Mar 27
MTB: Loan Momentum And Capital Return Will Support Future Shareholder Returns
The analyst price target for M&T Bank has edged higher, with recent moves up to a range of about $225 to $271, as analysts point to drivers such as loan growth, net interest margin, capital return and improving multi year fundamentals. A slightly higher discount rate keeps the model fair value estimate broadly steady at about $234.73.Narrative Update • Mar 11
MTB: Loan Momentum And Buybacks Will Drive Returns Despite Credit Risk
M&T Bank's updated analyst price target edges higher, with the fair value estimate moving from about $233 to roughly $235. Analysts cite factors such as loan growth, net interest income momentum and balance sheet trends, while acknowledging that some recent price moves already reflect an improved outlook.Narrative Update • Feb 25
MTB: Loan Momentum And Credit Costs Set To Shape Balanced Outlook
M&T Bank's updated analyst price target has moved slightly higher to about $233, as analysts factor in modestly stronger revenue growth assumptions, a small adjustment to profit margins, and a lower future P/E multiple in their refreshed models. Analyst Commentary Recent Street research on M&T Bank shows a mix of optimism on earnings power and balance sheet trends, alongside a more cautious stance on how much of that story may already be reflected in the share price.Narrative Update • Feb 10
MTB: Balanced Outlook As Rating Shifts Meet Credit And Earnings Uncertainty
Narrative Update The analyst price target for M&T Bank has moved modestly higher to reflect a fair value shift of about US$2. Analysts generally point to incremental improvements in profit margin assumptions, a slightly lower discount rate, and a modestly reduced future P/E, supported by a series of recent price target increases across the Street, even as some ratings have been downgraded to more neutral stances.Narrative Update • Jan 25
MTB: Mixed Rating Shifts And Credit Wildcard Will Shape Balanced Outlook
The analyst price target for M&T Bank has been raised by about $2.54 to $230.24, with analysts citing refined assumptions around revenue growth, profit margins, future P/E, and discount rate, following a series of recent target hikes and rating changes across the Street. Analyst Commentary Recent Street research on M&T Bank reflects a mixed but active view, with several firms lifting price targets while a couple of others have stepped back on ratings.Narrative Update • Jan 10
MTB: Mixed Rating Shifts Will Shape Outlook As Credit Remains Key Risk
Analysts have nudged their fair value estimate for M&T Bank higher from about $221.17 to $227.70, citing recent price target increases along with mixed rating changes that highlight improving fundamentals while also indicating that much of the medium term outlook is already reflected in the current share price. Analyst Commentary Recent Street research on M&T Bank reflects a split view, with some firms lifting price targets on improving fundamentals and others stepping back on ratings as they see the current share price already capturing much of the medium term story.Narrative Update • Oct 14
CET1 Ratio And Fee Income Will Support Future Resilience
The analyst consensus price target for M&T Bank has increased modestly from $218.75 to $221.17. Analysts point to improved profit margins and solid recent performance in the regional banking sector as key factors behind the upward revision.Narrative Update • Sep 26
CET1 Ratio And Fee Income Will Support Future Resilience
Analysts raised their price target for M&T Bank to $218.75, citing constructive macro conditions, potential regulatory relief, and strong Q2 results—including improved fee income and lower credit costs—though enthusiasm is moderated by softer loan growth expectations. Analyst Commentary Bullish analysts see constructive macro conditions and potential for further upside, supported by prospects of deregulation, improved sentiment, M&A activity, and expectations for solid loan growth in the second half of the year.Seeking Alpha • Apr 14
M&T Bank: An Interesting Income Play Following Its Q1 2025 Earnings
Summary M&T Bank Corporation's Q1 2025 earnings show mixed performance, but its strong dividend history and attractive valuation make it appealing for income-oriented investors. The bank's diversified business model and proactive management of deposit costs have helped maintain a high net interest margin despite lower rates. M&T Bank's capital return policy is aggressive, with significant share buybacks and a sustainable dividend yield of 3.45%, appealing to income investors. Trading below book value and with a sound capital position, MTB stock offers an attractive investment opportunity in the banking sector. Read the full article on Seeking AlphaSeeking Alpha • Jan 03
M&T Bank: Dividend Growth At A Good Price
Summary M&T Bank Corporation, founded in 1856, offers diversified banking and financial services primarily in the Northeast and Mid-Atlantic regions. The bank's loan portfolio, mainly consisting of C&I loans, reflects a disciplined approach to underwriting. Though the performance may be underwhelming, the dividend profile and the valuation establish a bullish case for MTB. Read the full article on Seeking AlphaSeeking Alpha • Oct 17
M&T Bank: Improved Credit Quality Highlights A Strong Q3
Summary M&T Bank Corporation shares have surged over 50% in the past year, with a 4% gain following strong quarterly earnings, and I maintain a “hold” rating. The bank's net interest income rose to $1.74 billion, aided by an extra calendar day, and the net interest margin expanded to 3.62% due to fixed reinvestment. Despite a decline in average deposits, end-of-period deposits grew by $4 billion, indicating improved deposit momentum towards the quarter's end, though Q4 guidance was conservative. M&T's credit quality has improved, with declining non-accrual loans and a CET1 capital ratio of 11.5%, supporting $200 million in buybacks. Read the full article on Seeking AlphaSeeking Alpha • Jul 23
M&T Bank: Strong Credit Recoveries Power A Better Q2 (Rating Upgrade)
Summary M&T Bank shares surged after solid Q2 earnings, as it saw surprising recoveries on delinquent trends. Recent credit trends are encouraging, with meaningful improvement in credit quality, though reserves do appear somewhat light. M&T reported a clean net interest income quarter, with ongoing loan growth and NIM accretion, but deposit growth is muted. Read the full article on Seeking AlphaSeeking Alpha • Jul 05
Hold Steady: Evaluating M&T Bank Corporation Performance
Summary M&T Bank stands out as a conservative investment choice in the volatile regional banking sector due to its strong financial performance. MTB's diversified loan portfolio is experiencing rising net charge-offs and provisions for credit losses, alongside heightened interest payments to depositors. Challenges from the People’s United acquisition, a vacant COO position, and declining consumer confidence introduce significant uncertainties. Despite a 16.59% projected upside, a cautious “hold” is advised. Read the full article on Seeking AlphaSeeking Alpha • Jun 21
7.3% Yield And Investment Grade? Yes! M&T Bank
Summary Individual preferred securities have delivered significant total returns over the past year. Amidst elevated interest rates, quality companies are offering new high-coupon preferreds and bonds. M&T Bank Corporation's latest issue is one such high-quality opportunity. As an income investor, we are delighted by these opportunities and are buying M&T Bank Corporation shares before the Fed makes a policy change. Read the full article on Seeking AlphaShareholder Returns
| MTB | US Banks | US Market | |
|---|---|---|---|
| 7D | -2.6% | -2.2% | 2.1% |
| 1Y | 20.0% | 23.0% | 30.6% |
Return vs Industry: MTB underperformed the US Banks industry which returned 28.9% over the past year.
Return vs Market: MTB underperformed the US Market which returned 31% over the past year.
Price Volatility
| MTB volatility | |
|---|---|
| MTB Average Weekly Movement | 3.3% |
| Banks Industry Average Movement | 3.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MTB has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MTB's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1856 | 21,866 | Ren Jones | www.mtb.com |
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.
M&T Bank Corporation Fundamentals Summary
| MTB fundamental statistics | |
|---|---|
| Market cap | US$31.84b |
| Earnings (TTM) | US$2.77b |
| Revenue (TTM) | US$9.31b |
11.3x
P/E Ratio1.2x
P/B RatioIs MTB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTB income statement (TTM) | |
|---|---|
| Revenue | US$9.31b |
| Cost of Revenue | US$0 |
| Gross Profit | US$9.31b |
| Other Expenses | US$6.54b |
| Earnings | US$2.77b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 15, 2026
| Earnings per share (EPS) | 18.93 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.77% |
| Debt/Equity Ratio | 69.5% |
How did MTB perform over the long term?
See historical performance and comparisonDividends
2.8%
Current Dividend Yield33%
Payout RatioDoes MTB pay a reliable dividends?
See MTB dividend history and benchmarks| M&T Bank dividend dates | |
|---|---|
| Ex Dividend Date | Jun 01 2026 |
| Dividend Pay Date | Jun 30 2026 |
| Days until Ex dividend | 22 days |
| Days until Dividend pay date | 51 days |
Does MTB pay a reliable dividends?
See MTB dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 13:39 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
M&T Bank Corporation is covered by 43 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |