M & T BANK CORP (MTB) Fundamental Analysis & Valuation

NYSE:MTB • US55261F1049

Current stock price

200.93 USD
-4.8 (-2.33%)
At close:
200.93 USD
0 (0%)
After Hours:

This MTB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. MTB Profitability Analysis

1.1 Basic Checks

  • MTB had positive earnings in the past year.
  • In the past year MTB had a positive cash flow from operations.
  • MTB had positive earnings in each of the past 5 years.
  • In the past 5 years MTB always reported a positive cash flow from operatings.
MTB Yearly Net Income VS EBIT VS OCF VS FCFMTB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

1.2 Ratios

  • MTB has a better Return On Assets (1.26%) than 78.16% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.25%, MTB is in line with its industry, outperforming 51.84% of the companies in the same industry.
Industry RankSector Rank
ROA 1.26%
ROE 9.25%
ROIC N/A
ROA(3y)1.24%
ROA(5y)1.16%
ROE(3y)9.16%
ROE(5y)8.97%
ROIC(3y)N/A
ROIC(5y)N/A
MTB Yearly ROA, ROE, ROICMTB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • MTB has a better Profit Margin (27.84%) than 63.95% of its industry peers.
  • MTB's Profit Margin has improved in the last couple of years.
  • MTB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 27.84%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.39%
PM growth 5Y5.33%
GM growth 3YN/A
GM growth 5YN/A
MTB Yearly Profit, Operating, Gross MarginsMTB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. MTB Health Analysis

2.1 Basic Checks

  • MTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • MTB has less shares outstanding than it did 1 year ago.
  • MTB has more shares outstanding than it did 5 years ago.
  • MTB has a better debt/assets ratio than last year.
MTB Yearly Shares OutstandingMTB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
MTB Yearly Total Debt VS Total AssetsMTB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B 200B

2.2 Solvency

  • MTB has a debt to FCF ratio of 4.57. This is a neutral value as MTB would need 4.57 years to pay back of all of its debts.
  • MTB has a Debt to FCF ratio of 4.57. This is in the lower half of the industry: MTB underperforms 67.63% of its industry peers.
  • MTB has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
  • MTB has a worse Debt to Equity ratio (0.45) than 74.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 4.57
Altman-Z N/A
ROIC/WACCN/A
WACC12.6%
MTB Yearly LT Debt VS Equity VS FCFMTB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MTB Yearly Current Assets VS Current LiabilitesMTB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MTB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 10.21% over the past year.
  • MTB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.40% yearly.
  • The Revenue has been growing slightly by 4.43% in the past year.
  • The Revenue has been growing by 10.23% on average over the past years. This is quite good.
EPS 1Y (TTM)10.21%
EPS 3Y13.96%
EPS 5Y11.4%
EPS Q2Q%20.98%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y5.82%
Revenue growth 5Y10.23%
Sales Q2Q%3.77%

3.2 Future

  • Based on estimates for the next years, MTB will show a small growth in Earnings Per Share. The EPS will grow by 6.57% on average per year.
  • MTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.51% yearly.
EPS Next Y11.18%
EPS Next 2Y11.7%
EPS Next 3Y10.8%
EPS Next 5Y6.57%
Revenue Next Year3.22%
Revenue Next 2Y3.43%
Revenue Next 3Y3.02%
Revenue Next 5Y2.51%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MTB Yearly Revenue VS EstimatesMTB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
MTB Yearly EPS VS EstimatesMTB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20 25

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5

4. MTB Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.78, the valuation of MTB can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of MTB is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of MTB to the average of the S&P500 Index (24.89), we can say MTB is valued rather cheaply.
  • A Price/Forward Earnings ratio of 10.60 indicates a reasonable valuation of MTB.
  • MTB's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. MTB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.78
Fwd PE 10.6
MTB Price Earnings VS Forward Price EarningsMTB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • MTB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MTB is cheaper than 61.58% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.47
EV/EBITDA N/A
MTB Per share dataMTB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.05
PEG (5Y)1.03
EPS Next 2Y11.7%
EPS Next 3Y10.8%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MTB Dividend Analysis

5.1 Amount

  • MTB has a Yearly Dividend Yield of 2.92%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.66, MTB has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, MTB pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.92%

5.2 History

  • The dividend of MTB is nicely growing with an annual growth rate of 6.02%!
  • MTB has paid a dividend for at least 10 years, which is a reliable track record.
  • MTB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.02%
Div Incr Years8
Div Non Decr Years26
MTB Yearly Dividends per shareMTB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • MTB pays out 38.73% of its income as dividend. This is a sustainable payout ratio.
  • MTB's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP38.73%
EPS Next 2Y11.7%
EPS Next 3Y10.8%
MTB Yearly Income VS Free CF VS DividendMTB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
MTB Dividend Payout.MTB Dividend Payout, showing the Payout Ratio.MTB Dividend Payout.PayoutRetained Earnings

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MTB Fundamentals: All Metrics, Ratios and Statistics

M & T BANK CORP

NYSE:MTB (3/27/2026, 8:04:00 PM)

After market: 200.93 0 (0%)

200.93

-4.8 (-2.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-16
Earnings (Next)04-15
Inst Owners92.91%
Inst Owner Change-2.81%
Ins Owners0.35%
Ins Owner Change0.38%
Market Cap29.94B
Revenue(TTM)9.69B
Net Income(TTM)2.70B
Analysts71.54
Price Target239.65 (19.27%)
Short Float %4.53%
Short Ratio5.24
Dividend
Industry RankSector Rank
Dividend Yield 2.92%
Yearly Dividend6.59
Dividend Growth(5Y)6.02%
DP38.73%
Div Incr Years8
Div Non Decr Years26
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.63%
Min EPS beat(2)3.42%
Max EPS beat(2)7.84%
EPS beat(4)3
Avg EPS beat(4)3.27%
Min EPS beat(4)-3.31%
Max EPS beat(4)7.84%
EPS beat(8)7
Avg EPS beat(8)6.82%
EPS beat(12)10
Avg EPS beat(12)6.8%
EPS beat(16)11
Avg EPS beat(16)1.81%
Revenue beat(2)1
Avg Revenue beat(2)0.45%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)1.86%
Revenue beat(4)1
Avg Revenue beat(4)-0.58%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)1.86%
Revenue beat(8)3
Avg Revenue beat(8)-1.84%
Revenue beat(12)5
Avg Revenue beat(12)-1.58%
Revenue beat(16)6
Avg Revenue beat(16)-1.57%
PT rev (1m)0.72%
PT rev (3m)6.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.75%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.48%
Valuation
Industry RankSector Rank
PE 11.78
Fwd PE 10.6
P/S 3.09
P/FCF 10.47
P/OCF 9.97
P/B 1.03
P/tB 1.45
EV/EBITDA N/A
EPS(TTM)17.05
EY8.49%
EPS(NY)18.96
Fwd EY9.43%
FCF(TTM)19.19
FCFY9.55%
OCF(TTM)20.15
OCFY10.03%
SpS65.03
BVpS195.82
TBVpS138.58
PEG (NY)1.05
PEG (5Y)1.03
Graham Number274.08
Profitability
Industry RankSector Rank
ROA 1.26%
ROE 9.25%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.84%
GM N/A
FCFM 29.52%
ROA(3y)1.24%
ROA(5y)1.16%
ROE(3y)9.16%
ROE(5y)8.97%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y6.39%
PM growth 5Y5.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 4.57
Debt/EBITDA N/A
Cap/Depr 39.18%
Cap/Sales 1.48%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 106%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC12.6%
ROIC/WACCN/A
Cap/Depr(3y)55.89%
Cap/Depr(5y)58.96%
Cap/Sales(3y)2.15%
Cap/Sales(5y)2.31%
Profit Quality(3y)127.66%
Profit Quality(5y)151.57%
High Growth Momentum
Growth
EPS 1Y (TTM)10.21%
EPS 3Y13.96%
EPS 5Y11.4%
EPS Q2Q%20.98%
EPS Next Y11.18%
EPS Next 2Y11.7%
EPS Next 3Y10.8%
EPS Next 5Y6.57%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y5.82%
Revenue growth 5Y10.23%
Sales Q2Q%3.77%
Revenue Next Year3.22%
Revenue Next 2Y3.43%
Revenue Next 3Y3.02%
Revenue Next 5Y2.51%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year11.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-15.73%
FCF growth 3Y-13.11%
FCF growth 5Y35.9%
OCF growth 1Y-16.81%
OCF growth 3Y-13.08%
OCF growth 5Y30.64%

M & T BANK CORP / MTB Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for M & T BANK CORP?

ChartMill assigns a fundamental rating of 4 / 10 to MTB.


What is the valuation status for MTB stock?

ChartMill assigns a valuation rating of 5 / 10 to M & T BANK CORP (MTB). This can be considered as Fairly Valued.


What is the profitability of MTB stock?

M & T BANK CORP (MTB) has a profitability rating of 4 / 10.


What is the financial health of M & T BANK CORP (MTB) stock?

The financial health rating of M & T BANK CORP (MTB) is 2 / 10.


How sustainable is the dividend of M & T BANK CORP (MTB) stock?

The dividend rating of M & T BANK CORP (MTB) is 7 / 10 and the dividend payout ratio is 38.73%.