Stocktoria

M&T BANK CORP MTB

NYSE · stock · State Commercial Banks · website · IPO 1980-03-17 · LEI

M&T BANK CORP statistics & valuation

Market cap$34.7B
P / E12.2×
P / S21.0×
P / B1.2×
Dividend yield2.59%
Net margin172.1%
Return on equity9.8%
Net debt$10.9B
Enterprise value USD$45.7B
Graham number +4.6%$265.11

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($265.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
24.80% 25.00% 32.40% 31.20% 22.70% 31.00% 24.40% 28.40% 167.90% 172.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
8.00% 8.70% 12.40% 12.30% 8.40% 10.40% 7.90% 10.20% 8.90% 9.80% 2016201720182019202020212022202320242025
Shares outstanding
157.3M 152.6M 144.2M 134.5M 128.7M 128.8M 164.0M 167.0M 167.3M 158.8M 2016201720182019202020212022202320242025
Net debt ($)
$8.17B $6.72B $8.44B $6.99B $4.38B $3.49B $3.96B $8.20B $12.61B $10.91B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.10% 1.20% 1.60% 1.60% 0.90% 1.20% 1.00% 1.30% 1.20% 1.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.58× 0.50× 0.55× 0.44× 0.27× 0.19× 0.16× 0.30× 0.43× 0.37× 2016201720182019202020212022202320242025
EPS ($)
$7.78 $8.70 $12.74 $13.75 $9.94 $13.80 $11.53 $15.79 $14.64 $17.00 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

M&T BANK CORP trades at about 14.9× earnings — above its 10-year norm (10-year range 8.7×–21.9×, median 13.3×).

8.7× 21.9×

Shaded band = 10-year range (8.7×–21.9×); dot = today's 14.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin172.1%167.9%28.4%24.4%31.0%22.7%31.2%32.4%25.0%24.8%
Return on assets1.3%1.2%1.3%1.0%1.2%0.9%1.6%1.6%1.2%1.1%
Return on equity9.8%8.9%10.2%7.9%10.4%8.4%12.3%12.4%8.7%8.0%
Debt / equity0.37×0.43×0.30×0.16×0.19×0.27×0.44×0.55×0.50×0.58×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.