M & T BANK CORP (MTB) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MTB • US55261F1049

236.25 USD
-1.76 (-0.74%)
At close: Feb 9, 2026
236.25 USD
0 (0%)
After Hours: 2/9/2026, 8:18:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

MTB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 381 industry peers in the Banks industry. There are concerns on the financial health of MTB while its profitability can be described as average. MTB has a decent growth rate and is not valued too expensively. MTB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year MTB was profitable.
  • MTB had a positive operating cash flow in the past year.
  • MTB had positive earnings in each of the past 5 years.
  • MTB had a positive operating cash flow in 4 of the past 5 years.
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

  • The Return On Assets of MTB (1.24%) is better than 79.00% of its industry peers.
  • MTB has a Return On Equity (9.13%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.24%
ROE 9.13%
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

  • The Profit Margin of MTB (27.33%) is better than 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of MTB has grown nicely.
  • 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) 27.33%
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. Health

2.1 Basic Checks

  • MTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for MTB has been reduced compared to 1 year ago.
  • Compared to 5 years ago, MTB has more shares outstanding
  • Compared to 1 year ago, MTB has an improved debt to assets ratio.
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

  • The Debt to FCF ratio of MTB is 3.76, which is a good value as it means it would take MTB, 3.76 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 3.76, MTB is not doing good in the industry: 65.88% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.52 indicates that MTB is somewhat dependend on debt financing.
  • MTB has a worse Debt to Equity ratio (0.52) than 75.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 3.76
Altman-Z N/A
ROIC/WACCN/A
WACC13.11%
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. Growth

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.
  • Looking at the last year, MTB shows a small growth in Revenue. The Revenue has grown by 4.43% in the last 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

  • MTB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.78% yearly.
  • The Revenue is expected to grow by 2.03% on average over the next years.
EPS Next Y11.3%
EPS Next 2Y11.66%
EPS Next 3Y11.76%
EPS Next 5Y6.78%
Revenue Next Year3.29%
Revenue Next 2Y3.54%
Revenue Next 3Y3.44%
Revenue Next 5Y2.03%

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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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.86 indicates a correct valuation of MTB.
  • The rest of the industry has a similar Price/Earnings ratio as MTB.
  • MTB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
  • A Price/Forward Earnings ratio of 12.45 indicates a correct valuation of MTB.
  • MTB's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of MTB to the average of the S&P500 Index (27.86), we can say MTB is valued rather cheaply.
Industry RankSector Rank
PE 13.86
Fwd PE 12.45
MTB Price Earnings VS Forward Price EarningsMTB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MTB indicates a somewhat cheap valuation: MTB is cheaper than 78.22% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.11
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

  • MTB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.23
PEG (5Y)1.22
EPS Next 2Y11.66%
EPS Next 3Y11.76%

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

7

5. Dividend

5.1 Amount

  • MTB has a Yearly Dividend Yield of 2.56%.
  • Compared to an average industry Dividend Yield of 2.53, MTB has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, MTB pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.56%

5.2 History

  • On average, the dividend of MTB grows each year by 6.23%, which is quite nice.
  • 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)6.23%
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 1 2 3 4 5

5.3 Sustainability

  • 39.56% of the earnings are spent on dividend by MTB. This is a low number and sustainable payout ratio.
  • The dividend of MTB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP39.56%
EPS Next 2Y11.66%
EPS Next 3Y11.76%
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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Find the best dividend stocksShow peers with best dividend

M & T BANK CORP

NYSE:MTB (2/9/2026, 8:18:02 PM)

After market: 236.25 0 (0%)

236.25

-1.76 (-0.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-16
Earnings (Next)04-15
Inst Owners90.69%
Inst Owner Change-2.56%
Ins Owners0.32%
Ins Owner Change0.6%
Market Cap36.31B
Revenue(TTM)9.69B
Net Income(TTM)2.62B
Analysts75.38
Price Target237.38 (0.48%)
Short Float %3.67%
Short Ratio5.35
Dividend
Industry RankSector Rank
Dividend Yield 2.56%
Yearly Dividend6.23
Dividend Growth(5Y)6.23%
DP39.56%
Div Incr Years8
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.49%
Min EPS beat(2)5.13%
Max EPS beat(2)7.84%
EPS beat(4)3
Avg EPS beat(4)3.04%
Min EPS beat(4)-3.31%
Max EPS beat(4)7.84%
EPS beat(8)7
Avg EPS beat(8)6.85%
EPS beat(12)9
Avg EPS beat(12)6.42%
EPS beat(16)11
Avg EPS beat(16)2.52%
Revenue beat(2)1
Avg Revenue beat(2)0.6%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.86%
Revenue beat(4)2
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)1.86%
Revenue beat(8)3
Avg Revenue beat(8)-3.16%
Revenue beat(12)6
Avg Revenue beat(12)-1.1%
Revenue beat(16)6
Avg Revenue beat(16)-1.64%
PT rev (1m)5.13%
PT rev (3m)5.84%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)0.19%
EPS NY rev (3m)0.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.41%
Valuation
Industry RankSector Rank
PE 13.86
Fwd PE 12.45
P/S 3.78
P/FCF 9.11
P/OCF 8.74
P/B 1.26
P/tB 1.8
EV/EBITDA N/A
EPS(TTM)17.05
EY7.22%
EPS(NY)18.98
Fwd EY8.03%
FCF(TTM)25.92
FCFY10.97%
OCF(TTM)27.04
OCFY11.45%
SpS62.46
BVpS186.92
TBVpS131.36
PEG (NY)1.23
PEG (5Y)1.22
Graham Number267.78
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 9.13%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 27.33%
GM N/A
FCFM 41.5%
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 0.52
Debt/FCF 3.76
Debt/EBITDA N/A
Cap/Depr 46.61%
Cap/Sales 1.79%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 151.83%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC13.11%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.21%
EPS 3Y13.96%
EPS 5Y11.4%
EPS Q2Q%20.98%
EPS Next Y11.3%
EPS Next 2Y11.66%
EPS Next 3Y11.76%
EPS Next 5Y6.78%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y5.82%
Revenue growth 5Y10.23%
Sales Q2Q%3.77%
Revenue Next Year3.29%
Revenue Next 2Y3.54%
Revenue Next 3Y3.44%
Revenue Next 5Y2.03%
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 1Y58.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y52%
OCF growth 3YN/A
OCF growth 5YN/A

M & T BANK CORP / MTB 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 4 / 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 39.56%.