M&T Bank Management
Management criteria checks 4/4
M&T Bank's CEO is Ren Jones, appointed in Dec 2017, has a tenure of 8.33 years. total yearly compensation is $12.02M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 0.088% of the company’s shares, worth $27.97M. The average tenure of the management team and the board of directors is 3.3 years and 8.5 years respectively.
Key information
Ren Jones
Chief executive officer
US$12.0m
Total compensation
| CEO salary percentage | 9.16% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.09% |
| Management average tenure | 3.3yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
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.M&T Bank: Robust Performance In Q1
Apr 15MTB: 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.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.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.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.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.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.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.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.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.M&T Bank: An Interesting Income Play Following Its Q1 2025 Earnings
Apr 14M&T Bank: Dividend Growth At A Good Price
Jan 03M&T Bank: Improved Credit Quality Highlights A Strong Q3
Oct 17M&T Bank: Strong Credit Recoveries Power A Better Q2 (Rating Upgrade)
Jul 23Hold Steady: Evaluating M&T Bank Corporation Performance
Jul 057.3% Yield And Investment Grade? Yes! M&T Bank
Jun 21CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$3b |
| Dec 31 2025 | US$12m | US$1m | US$3b |
| Sep 30 2025 | n/a | n/a | US$3b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$2b |
| Dec 31 2024 | US$10m | US$1m | US$2b |
| Sep 30 2024 | n/a | n/a | US$2b |
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$9m | US$1m | US$3b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$3b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$9m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$7m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$6m | US$1m | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$2b |
| Dec 31 2019 | US$6m | US$950k | US$2b |
Compensation vs Market: Ren's total compensation ($USD12.02M) is about average for companies of similar size in the US market ($USD14.50M).
Compensation vs Earnings: Ren's compensation has been consistent with company performance over the past year.
CEO
Ren Jones (60 yo)
Mr. Rene F. Jones, also known as Ren, CPA, has been the Chairman and Chief Executive Officer of M&T Bank Corporation since December 20, 2017. Mr. Jones served as an Executive Vice President of M&T Bank Cor...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.3yrs | US$12.02m | 0.088% $ 28.0m | |
| Senior EVP & CFO | 2.8yrs | US$4.80m | 0.016% $ 5.2m | |
| Senior EVP & Head of Commercial Banking | 4.3yrs | US$3.04m | 0.0087% $ 2.7m | |
| Senior EVP & Head of Enterprise Platforms | 7.4yrs | US$4.07m | 0.0067% $ 2.1m | |
| Senior Executive VP & Chief Technology and Operations Officer | 1.3yrs | no data | 0.0032% $ 1.0m | |
| Head of Investment Banking | 2.8yrs | no data | no data | |
| Senior EVP | 3.3yrs | no data | 0.0065% $ 2.1m | |
| Head of Investor Relations & Corporate Development | no data | no data | no data | |
| Senior EVP & Chief Legal Officer | 8.7yrs | no data | 0.0065% $ 2.1m | |
| Chief Communications Officer | 2.1yrs | no data | no data | |
| Chief Human Resources Officer | 2.5yrs | no data | no data | |
| Senior Vice President and Integration Executive | 9.5yrs | US$6.67k | no data |
Experienced Management: MTB's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.3yrs | US$12.02m | 0.088% $ 28.0m | |
| Independent Director | 4yrs | US$275.65k | 0.0035% $ 1.1m | |
| Independent Director | 4yrs | US$287.65k | 0.0097% $ 3.1m | |
| Independent Director | 27.3yrs | US$335.69k | 0.045% $ 14.3m | |
| Non-Executive Vice Chairman & Lead Independent Director | 16.9yrs | US$299.09k | 0.011% $ 3.5m | |
| Independent Director | 30.3yrs | US$277.65k | 0.012% $ 3.7m | |
| Independent Director | 17yrs | US$282.65k | 0.015% $ 4.8m | |
| Independent Director | 4yrs | US$295.15k | 0.0057% $ 1.8m | |
| Independent Director | 10.4yrs | US$307.65k | 0.035% $ 11.1m | |
| Independent Director | 5.4yrs | US$298.90k | 0.0024% $ 775.8k | |
| Independent Director | 5.4yrs | US$269.65k | 0.0018% $ 576.3k | |
| Independent Director | 8.7yrs | US$272.65k | 0.0030% $ 953.2k |
Experienced Board: MTB's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 05:57 |
| End of Day Share Price | 2026/04/30 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 |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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
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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 42 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 |