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

NYSE:MTB • US55261F1049

210.46 USD
-5.53 (-2.56%)
At close: Mar 6, 2026
210.46 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

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. MTB has a medium profitability rating, but doesn't score so well on its financial health evaluation. MTB is not valued too expensively and it also shows a decent growth rate. Finally MTB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. MTB Profitability Analysis

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.
  • MTB had a positive operating cash flow in each 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

  • Looking at the Return On Assets, with a value of 1.24%, MTB is in the better half of the industry, outperforming 78.36% of the companies in the same industry.
  • MTB has a Return On Equity (9.13%) which is in line with its industry peers.
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

  • With a decent Profit Margin value of 27.33%, MTB is doing good in the industry, outperforming 65.70% of the companies in the same industry.
  • MTB's Profit Margin has improved in the last couple of years.
  • The Operating Margin and Gross Margin are not available for MTB so they could not be analyzed.
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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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.
  • The number of shares outstanding for MTB has been reduced compared to 1 year ago.
  • The number of shares outstanding for MTB has been increased compared to 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 3.76. This is a good value and a sign of high solvency as MTB would need 3.76 years to pay back of all of its debts.
  • MTB has a worse Debt to FCF ratio (3.76) than 65.44% of its industry peers.
  • MTB has a Debt/Equity ratio of 0.52. This is a neutral value indicating MTB is somewhat dependend on debt financing.
  • MTB's Debt to Equity ratio of 0.52 is on the low side compared to the rest of the industry. MTB is outperformed by 76.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 3.76
Altman-Z N/A
ROIC/WACCN/A
WACC13.47%
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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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.
  • MTB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.43%.
  • MTB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.23% yearly.
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 Year3.25%
Revenue Next 2Y3.5%
Revenue Next 3Y3.29%
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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5

4. MTB Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.34 indicates a correct valuation of MTB.
  • MTB's Price/Earnings ratio is in line with the industry average.
  • MTB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.29.
  • The Price/Forward Earnings ratio is 11.09, which indicates a very decent valuation of MTB.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MTB.
  • When comparing the Price/Forward Earnings ratio of MTB to the average of the S&P500 Index (24.57), we can say MTB is valued rather cheaply.
Industry RankSector Rank
PE 12.34
Fwd PE 11.09
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

  • Based on the Price/Free Cash Flow ratio, MTB is valued a bit cheaper than the industry average as 79.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.02
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)1.09
PEG (5Y)1.08
EPS Next 2Y11.66%
EPS Next 3Y11.76%

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

7

5. MTB Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.78%, MTB has a reasonable but not impressive dividend return.
  • MTB's Dividend Yield is comparable with the industry average which is at 2.83.
  • Compared to an average S&P500 Dividend Yield of 1.82, MTB pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.78%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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 39.56% of its income as dividend. This is a 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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MTB Fundamentals: All Metrics, Ratios and Statistics

M & T BANK CORP

NYSE:MTB (3/6/2026, 8:04:00 PM)

After market: 210.46 0 (0%)

210.46

-5.53 (-2.56%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-16
Earnings (Next)04-15
Inst Owners92.91%
Inst Owner Change-2.75%
Ins Owners0.35%
Ins Owner Change0.49%
Market Cap31.36B
Revenue(TTM)9.69B
Net Income(TTM)2.62B
Analysts71.54
Price Target237.93 (13.05%)
Short Float %3.98%
Short Ratio4.9
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly Dividend6.59
Dividend Growth(5Y)6.02%
DP39.56%
Div Incr Years8
Div Non Decr Years26
Ex-Date03-02
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)2.63%
PT rev (3m)6.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.46%
EPS NY rev (1m)0.28%
EPS NY rev (3m)0.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.45%
Valuation
Industry RankSector Rank
PE 12.34
Fwd PE 11.09
P/S 3.33
P/FCF 8.02
P/OCF 7.69
P/B 1.11
P/tB 1.58
EV/EBITDA N/A
EPS(TTM)17.05
EY8.1%
EPS(NY)18.98
Fwd EY9.02%
FCF(TTM)26.24
FCFY12.47%
OCF(TTM)27.37
OCFY13.01%
SpS63.22
BVpS189.2
TBVpS132.96
PEG (NY)1.09
PEG (5Y)1.08
Graham Number269.41
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
WACC13.47%
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 Year3.25%
Revenue Next 2Y3.5%
Revenue Next 3Y3.29%
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 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 39.56%.