MTB Fundamental Analysis - M & T BANK CORP

Fundamental Rating

Overall MTB gets a fundamental rating of 3 out of 10. We evaluated MTB against 392 industry peers in the Banks industry. MTB may be in some trouble as it scores bad on both profitability and health. MTB is valued correctly, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

MTB had positive earnings in the past year.

MTB had a positive operating cash flow in the past year.

Each year in the past 5 years MTB has been profitable.

In the past 5 years MTB always reported a positive cash flow from operatings.

1.2 Ratios

With a decent Return On Assets value of 1.18%, MTB is doing good in the industry, outperforming 79.08% of the companies in the same industry.

With a Return On Equity value of 8.59%, MTB perfoms like the industry average, outperforming 52.81% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	1.18%
ROE	8.59%
ROIC	N/A

ROA(3y)1.13%

ROA(5y)1.09%

ROE(3y)8.56%

ROE(5y)8.7%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

MTB has a Profit Margin of 26.71%. This is in the better half of the industry: MTB outperforms 69.90% of its industry peers.

In the last couple of years the Profit Margin of MTB has declined.

The Operating Margin and Gross Margin are not available for MTB so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	26.71%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-3.81%

PM growth 5Y-2.44%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

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.

Compared to 1 year ago, MTB has a worse debt to assets ratio.

2.2 Solvency

The Debt to FCF ratio of MTB is 3.52, which is a good value as it means it would take MTB, 3.52 years of fcf income to pay off all of its debts.

Looking at the Debt to FCF ratio, with a value of 3.52, MTB is doing worse than 64.54% of the companies in the same industry.

A Debt/Equity ratio of 0.42 indicates that MTB is not too dependend on debt financing.

MTB has a worse Debt to Equity ratio (0.42) than 76.28% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.42
Debt/FCF	3.52
Altman-Z	N/A

ROIC/WACCN/A

WACC13.83%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 1.71% over the past year.

The Earnings Per Share has been growing slightly by 1.97% on average over the past years.

The Revenue has been growing slightly by 2.41% in the past year.

MTB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.43% yearly.

EPS 1Y (TTM)1.71%

EPS 3Y3.73%

EPS 5Y1.97%

EPS Q2Q%13.67%

Revenue 1Y (TTM)2.41%

Revenue growth 3Y15.7%

Revenue growth 5Y8.43%

Sales Q2Q%4.08%

3.2 Future

The Earnings Per Share is expected to decrease by -0.52% on average over the next years.

MTB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.10% yearly.

EPS Next Y4.08%

EPS Next 2Y9.46%

EPS Next 3Y9.18%

EPS Next 5Y-0.52%

Revenue Next Year3.87%

Revenue Next 2Y3.99%

Revenue Next 3Y3.87%

Revenue Next 5Y2.1%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.91 indicates a reasonable valuation of MTB.

The rest of the industry has a similar Price/Earnings ratio as MTB.

MTB is valuated cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.

A Price/Forward Earnings ratio of 9.92 indicates a reasonable valuation of MTB.

MTB's Price/Forward Earnings is on the same level as the industry average.

The average S&P500 Price/Forward Earnings ratio is at 36.36. MTB is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	11.91
Fwd PE	9.92

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 75.51% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	8.39
EV/EBITDA	N/A

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.

PEG (NY)2.92

PEG (5Y)6.04

EPS Next 2Y9.46%

EPS Next 3Y9.18%

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5. Dividend

5.1 Amount

MTB has a Yearly Dividend Yield of 2.86%. Purely for dividend investing, there may be better candidates out there.

MTB's Dividend Yield is comparable with the industry average which is at 3.51.

Compared to an average S&P500 Dividend Yield of 2.40, MTB has a dividend comparable with the average S&P500 company.

		Industry Rank	Sector Rank
Dividend Yield	2.86%

5.2 History

The dividend of MTB is nicely growing with an annual growth rate of 6.23%!

MTB has paid a dividend for at least 10 years, which is a reliable track record.

MTB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.

Dividend Growth(5Y)6.23%

Div Incr Years8

Div Non Decr Years26

5.3 Sustainability

MTB pays out 41.91% of its income as dividend. This is a bit on the high side, but may be sustainable.

DP41.91%

EPS Next 2Y9.46%

EPS Next 3Y9.18%

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M & T BANK CORP

NYSE:MTB (8/7/2025, 3:30:57 PM)

183.89

-1.61 (-0.87%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)07-16 2025-07-16/bmo

Earnings (Next)10-16 2025-10-16/bmo

Inst Owners88.79%

Inst Owner Change-0.02%

Ins Owners0.31%

Ins Owner Change0.85%

Market Cap28.78B

Analysts77.6

Price Target219.9 (19.58%)

Short Float %2.46%

Short Ratio3.21

Dividend

		Industry Rank	Sector Rank
Dividend Yield	2.86%

Yearly Dividend6.23

Dividend Growth(5Y)6.23%

DP41.91%

Div Incr Years8

Div Non Decr Years26

Ex-Date06-02 2025-06-02 (1.35)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)-0.41%

Min EPS beat(2)-3.31%

Max EPS beat(2)2.48%

EPS beat(4)3

Avg EPS beat(4)3.5%

Min EPS beat(4)-3.31%

Max EPS beat(4)9.39%

EPS beat(8)7

Avg EPS beat(8)8.22%

EPS beat(12)7

Avg EPS beat(12)-0.47%

EPS beat(16)10

Avg EPS beat(16)1.57%

Revenue beat(2)1

Avg Revenue beat(2)-0.82%

Min Revenue beat(2)-2.58%

Max Revenue beat(2)0.93%

Revenue beat(4)2

Avg Revenue beat(4)-0.5%

Min Revenue beat(4)-2.58%

Max Revenue beat(4)0.93%

Revenue beat(8)3

Avg Revenue beat(8)-2.42%

Revenue beat(12)5

Avg Revenue beat(12)-1.86%

Revenue beat(16)6

Avg Revenue beat(16)-1.75%

PT rev (1m)6.08%

PT rev (3m)9.12%

EPS NQ rev (1m)0.24%

EPS NQ rev (3m)0.63%

EPS NY rev (1m)0.15%

EPS NY rev (3m)0.2%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0.12%

Revenue NY rev (1m)0.28%

Revenue NY rev (3m)0.19%

Valuation

		Industry Rank	Sector Rank
PE	11.91
Fwd PE	9.92
P/S	3.09
P/FCF	8.39
P/OCF	7.91
P/B	0.99
P/tB	1.41
EV/EBITDA	N/A

EPS(TTM)15.44

EY8.4%

EPS(NY)18.53

Fwd EY10.08%

FCF(TTM)21.92

FCFY11.92%

OCF(TTM)23.24

OCFY12.64%

SpS59.57

BVpS185.21

TBVpS130.54

PEG (NY)2.92

PEG (5Y)6.04

Profitability

		Industry Rank	Sector Rank
ROA	1.18%
ROE	8.59%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	26.71%
GM	N/A
FCFM	36.79%

ROA(3y)1.13%

ROA(5y)1.09%

ROE(3y)8.56%

ROE(5y)8.7%

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

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-3.81%

PM growth 5Y-2.44%

GM growth 3YN/A

GM growth 5YN/A

F-Score9

Asset Turnover0.04

Health

		Industry Rank	Sector Rank
Debt/Equity	0.42
Debt/FCF	3.52
Debt/EBITDA	N/A
Cap/Depr	55.68%
Cap/Sales	2.21%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	137.74%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score9

WACC13.83%

ROIC/WACCN/A

Cap/Depr(3y)63.99%

Cap/Depr(5y)65.76%

Cap/Sales(3y)2.53%

Cap/Sales(5y)2.6%

Profit Quality(3y)169.16%

Profit Quality(5y)140.02%

High Growth Momentum

Growth

EPS 1Y (TTM)1.71%

EPS 3Y3.73%

EPS 5Y1.97%

EPS Q2Q%13.67%

EPS Next Y4.08%

EPS Next 2Y9.46%

EPS Next 3Y9.18%

EPS Next 5Y-0.52%

Revenue 1Y (TTM)2.41%

Revenue growth 3Y15.7%

Revenue growth 5Y8.43%

Sales Q2Q%4.08%

Revenue Next Year3.87%

Revenue Next 2Y3.99%

Revenue Next 3Y3.87%

Revenue Next 5Y2.1%

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year22.05%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-0.95%

FCF growth 3Y9.77%

FCF growth 5Y9.26%

OCF growth 1Y-1.86%

OCF growth 3Y9.96%

OCF growth 5Y8.9%

M & T BANK CORP (MTB) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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