M&T Bank Corporation

NYSE:MTB Stock Report

Market Cap: US$30.8b

M&T Bank Past Earnings Performance

Past criteria checks 2/6

M&T Bank has been growing earnings at an average annual rate of 11.7%, while the Banks industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 12.3% per year. M&T Bank's return on equity is 8.3%, and it has net margins of 26.6%.

Key information

11.7%

Earnings growth rate

4.8%

EPS growth rate

Banks Industry Growth11.2%
Revenue growth rate12.3%
Return on equity8.3%
Net Margin26.6%
Next Earnings Update16 Jan 2025

Recent past performance updates

Recent updates

M&T Bank: Improved Credit Quality Highlights A Strong Q3

Oct 17

M&T Bank: Strong Credit Recoveries Power A Better Q2 (Rating Upgrade)

Jul 23

Hold Steady: Evaluating M&T Bank Corporation Performance

Jul 05

7.3% Yield And Investment Grade? Yes! M&T Bank

Jun 21

M&T Bank: Buy The Dip

Apr 11

M&T Bank: Fully Re-Rated (Rating Downgrade)

Jan 25

M&T Bank Hasn't Seen The Price Growth It Deserves

Dec 30

M&T Bank Delivering With A More Conservative But Still Profitable Plan

Oct 20

Navigating M&T Bank: A Hidden Gem Or A Lost Cause?

Oct 02

Deposit Pressures Make M&T Bank A Sell

Sep 10

Why M&T Bank Is A Strong Buy And A Hidden Value Opportunity

Jul 20

M&T Bank: 4.5% Yield, Solid Deposit Franchise, 18% Discount To BV

Jun 26

M&T Bank Offers Rate And Operating Leverage, But Execution Is Crucial

Jan 24

M&T Bank Q4 2022 Earnings Preview

Jan 18

M&T Bank upped to Outperform at Wedbush, calling it a 'defensive safe haven'

Jan 03

M&T Bank to sell Collective Investment Trust unit to Madison Dearborn

Dec 19

M&T Bank declares $1.20 dividend

Nov 15

Revenue & Expenses Breakdown

How M&T Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MTB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 248,4992,2614,5520
30 Jun 248,4732,2514,4950
31 Mar 248,7732,4654,4650
31 Dec 238,9982,6364,4750
30 Sep 239,3422,9194,7390
30 Jun 239,2832,8754,6330
31 Mar 238,5122,2274,4720
31 Dec 227,6621,8914,0410
30 Sep 226,7701,5873,3850
30 Jun 226,2001,4423,0960
31 Mar 225,9901,6882,8120
31 Dec 216,0671,7773,0690
30 Sep 216,0051,7952,7100
30 Jun 215,7621,6722,6700
31 Mar 215,4111,4562,6320
31 Dec 205,1551,2792,6330
30 Sep 205,1651,3012,6290
30 Jun 205,3641,4092,6350
31 Mar 205,6951,6382,6410
31 Dec 195,9681,8502,5880
30 Sep 195,9941,9012,5350
30 Jun 195,9531,9452,4730
31 Mar 195,9341,9652,4200
31 Dec 185,7961,8362,3710
30 Sep 185,7191,6132,3260
30 Jun 185,6331,4442,2820
31 Mar 185,5491,3322,2520
31 Dec 175,4641,3282,2340
30 Sep 175,3191,3332,2190
30 Jun 175,2351,3242,2220
31 Mar 175,1681,2762,2220
31 Dec 165,1061,2232,1930
30 Sep 165,0451,1642,3480
30 Jun 164,8311,0942,2400
31 Mar 164,7011,0452,1360
31 Dec 154,5199882,0310
30 Sep 154,4019941,7610
30 Jun 154,4049881,7460
31 Mar 154,3499861,7250
31 Dec 144,3329791,9110
30 Sep 144,3029281,7660
30 Jun 144,3139511,7560
31 Mar 144,3471,0191,7350
31 Dec 134,3531,0621,7120

Quality Earnings: MTB has high quality earnings.

Growing Profit Margin: MTB's current net profit margins (26.6%) are lower than last year (31.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MTB's earnings have grown by 11.7% per year over the past 5 years.

Accelerating Growth: MTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MTB had negative earnings growth (-22.5%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: MTB's Return on Equity (8.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 07:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

M&T Bank Corporation is covered by 50 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
David GeorgeBaird
Ishan MajumdarBaptista Research