— Know what they know.
/
Not Investment Advice

MTB

NYSE · USD
M&T Bank Corporation
Financial Services · Banks - Regional
CEO Rene F. Jones Employees 21,839 R&D / revenue 0.0%
Last price
$215.16−1.60%last session
Market cap
$31.1B
P/E (TTM)
11.2x
From 52w high
−15.9%
From 52w low
+22.2%
1-year return
+21.4%
RSI 14 · vs SMA200
34.7 · −4.0%
IS score
55.7/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MTB   SPY   XLF (sector ETF) · weekly closes
90100110120130140Jan 26Apr 26Jul 26Oct 26MTB 121SPY 116XLF 107

Score DNA

Each bar is a 0-100 score within the scored universe
69
Profitability
43
Growth
82
Value
74
Momentum
65
Risk (safety)
82
Quality
29
Balance sheet
99
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
None of the computed warning flags fires for MTB (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Cost AdvantagePiotroski 7 / 9Beta 0.560 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
12 open-market sales, $12.6M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+53
135 new holders, 73 closed
1,155 filers hold 84.7% · 389 added, 404 trimmed
ETFETF holdings · 30 days
Net funds accumulating
−3
1,015 funds adding shares
1,018 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
62.9%
20-day avg 61.9%, 50-day avg 56.9%
Latest 1.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$12.3B
Revenue growth YoY−8.2%
Gross margin74.6%
Operating income$3.7B
Operating margin30.0%
Net income$2.9B
Net margin23.2%
EPS (diluted)$17.00
Cash flow
Operating cash flow$3.0B
Capital expenditure$143.0M
Free cash flow$2.9B
FCF conversion (FCF / OCF)95.2%
Stock-based compensation$136.0M
FCF less SBC$2.7B
Buybacks$2.6B
Dividends$1.0B
Balance sheet & returns
Cash & short-term investments$55.4B
Total debt$13.1B
Net cash$42.4B
Shareholders' equity$29.2B
Goodwill & intangibles$8.5B
Debt / equity0.23
ROE (TTM)10.7%
ROIC (TTM)6.6%
Operating margin by fiscal year
40.2%FY202130.3%FY202228.5%FY202324.7%FY202430.0%FY2025
Revenue $6.1B (FY2021) to $12.3B (FY2025), a 19.3% CAGR.

Valuation

P/E (TTM)11.2x
EV / EBITDA8.1x
Price / sales2.33x
Price / FCF8.4x
FCF yield11.85%
Buyback yield8.47%
SBC / revenue1.0%
Price / book1.10x
Forward P/E FY202611.2x
Forward P/E FY202710.2x
Forward P/E FY20289.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $263.83 across 12 analysts last quarter is theirs, not ours.

MTB vs industry median

909 companies in Banks - Regional
Gross margin 71.0% 71.3% Operating margin 30.8% 25.6% Net margin 22.6% 21.2% ROIC 6.6% 5.9%
MTB (TTM)Industry median Asset turnover 0.06 vs industry 0.05 · financial leverage 7.83

Earnings delivery

Next report 2027-01-19 · consensus EPS $4.95
83%
beat rate, 10 of 12 quarters
+5.6%
median EPS surprise
6
longest beat streak
-23+25+7+10+5-1+7+10+4+4+15+3
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-18 to 2026-10-16. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MTB M&T Bank Corporation $31.1B11.2x10.7%22.6%−8.2% +21.4%
HBAN Huntington Bancshares Incorp $30.9B11.2x9.0%17.4%+18.5% +0.2%
CFG Citizens Financial Group, In $26.7B12.7x8.3%18.4%−4.5% +32.1%
FCNCA First Citizens BancShares, I $24.0B11.4x10.7%18.6%−1.3% +29.7%
RF Regions Financial Corporatio $23.4B10.6x11.9%24.0%+0.5% +18.7%
KEY KeyCorp $21.6B11.6x10.3%24.7%+13.5% —
FITB Fifth Third Bancorp $45.7B17.0x8.4%18.1%+15.9% —
EWBC East West Bancorp, Inc. $17.4B12.1x16.6%30.9%+4.7% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding144,416,262
Free float99.5%
Institutional ownership84.7%
Beta0.56
Dividend yield2.79%
Last dividend$1.50 on 2026-09-01
50 / 200-day average$232.89 / $224.46
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MTB sits among 257 scored companies in Banks - Regional (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMTBIndustry medianIndustry percentileSector median
P/E (TTM) 10.2x 11.7x
24th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 3.90 1.75
84th		 1.04
Price / sales 2.5x 2.5x
50th		 2.5x
Price / book 1.1x 1.2x
39th		 1.3x
Price / tangible book 1.9x 1.5x
81st		 1.6x
Price / free cash flow n/a
Price / operating cash flow n/a
Enterprise value n/a
EV / sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / free cash flow n/a
Earnings yield 9.8% 8.5%
77th		 7.9%
FCF yield n/a
Operating cash flow yield n/a
Graham number (per share) $278.95 $50.13
98th		 $50.71

Profitability (TTM)

MeasureMTBIndustry medianIndustry percentileSector median
Gross margin n/a
EBITDA margin n/a
Operating margin 33.2% 24.7%
79th		 23.3%
EBIT margin 33.2% 25.3%
79th		 23.3%
Net margin 24.4% 21.8%
68th		 18.7%
NOPAT margin 25.7% 19.7%
77th		 18.7%
FCF margin n/a
Operating cash flow margin n/a
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 32.4% 27.4%
73rd		 20.1%
Stock comp / revenue 1.1% 0.8%
70th		 0.7%
Effective tax rate 22.7% 21.1%
66th		 21.0%

Returns on capital

MeasureMTBIndustry medianIndustry percentileSector median
ROE (on average equity) 10.7% 11.0%
46th		 11.9%
ROA 1.4% 1.2%
72nd		 1.4%
ROIC n/a
ROCE n/a
Return on tangible assets 1.9% 1.5%
79th		 2.0%
Cash ROIC (OCF / invested capital) n/a
Gross profitability (GP / assets) n/a
ROIC, 3-yr average n/a
ROIC, 5-yr average n/a
ROE, 5-yr average 9.2% 10.4%
34th		 10.7%
Incremental ROIC n/a

Growth

MeasureMTBIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -5.8% 3.8%
18th		 7.1%
Revenue growth (QoQ) 4.2% 2.0%
67th		 2.8%
Revenue CAGR, 3 yr 3.2% 10.9%
13th		 10.8%
Revenue CAGR, 5 yr 15.2% 14.1%
58th		 11.3%
Gross profit CAGR, 3 yr n/a
Operating income CAGR, 3 yr 1.5% 4.2%
43rd		 8.8%
Net income growth (TTM YoY) 12.3% 22.8%
26th		 24.7%
Net income CAGR, 3 yr 0.6% 6.9%
26th		 9.4%
EPS growth (TTM YoY) 14.7% 22.0%
39th		 25.1%
EPS CAGR, 3 yr 2.6% 4.2%
40th		 7.3%
EPS CAGR, 5 yr 7.4% 4.3%
65th		 4.2%
FCF growth (TTM YoY) n/a
FCF CAGR, 3 yr n/a
Operating cash flow CAGR, 3 yr n/a
Book value CAGR, 3 yr 4.8% 8.9%
19th		 8.9%
Dividend CAGR, 3 yr 3.0% 1.1%
67th		 1.9%
Sustainable growth rate 7.0% 7.8%
38th		 8.3%

Margin history & stability

MeasureMTBIndustry medianIndustry percentileSector median
Gross margin, 3-yr average n/a
Operating margin, 3-yr average 27.6% 22.5%
74th		 21.4%
Net margin, 3-yr average 20.9% 18.0%
67th		 16.5%
FCF margin, 3-yr average n/a
Revenue stability (0-1) 0.74 0.90
21st		 0.86
Earnings stability (0-1) 0.62 0.35
71st		 0.37
Margin stability (0-1) 0.84 0.82
65th		 0.81

Liquidity (latest quarter)

MeasureMTBIndustry medianIndustry percentileSector median
Cash & short-term investments n/a
Net cash (− = net debt) n/a
Working capital n/a
Current ratio n/a
Quick ratio n/a
Cash ratio (cash + ST investments / current liabilities) n/a
Defensive interval (days) n/a

Leverage & solvency (latest quarter)

MeasureMTBIndustry medianIndustry percentileSector median
Total debt n/a
Debt / equity n/a
Net debt / equity n/a
Debt / assets n/a
Debt / capital n/a
Debt / EBITDA n/a
Net debt / EBITDA n/a
Interest coverage (EBIT / interest) n/a
Cash interest coverage n/a
Debt payback (years of OCF) n/a
Liabilities / assets 87.3% 88.6%
27th		 86.2%
IS credit model rating BBB+ — —
Implied credit spread (bps) 225 150
65th		 175

Efficiency

MeasureMTBIndustry medianIndustry percentileSector median
Asset turnover n/a
Fixed asset turnover n/a
Inventory turnover n/a
Receivables turnover n/a
Days sales outstanding n/a
Days inventory outstanding n/a
Days payables outstanding n/a
Cash conversion cycle (days) n/a
Capex / revenue n/a
Capex / depreciation n/a
Operating expense ratio n/a

Cash flow & earnings quality

MeasureMTBIndustry medianIndustry percentileSector median
Operating cash flow / net income n/a
FCF / net income n/a
FCF / operating cash flow n/a
Capex / operating cash flow n/a
Accruals ratio n/a
Sloan accruals ratio n/a
Earnings quality score (0-1) n/a

Dividends & buybacks

MeasureMTBIndustry medianIndustry percentileSector median
Dividend yield 2.8% 2.6%
57th		 2.3%
Dividend per share (TTM) $6.00 $0.97
98th		 $1.03
Payout ratio (dividends / net income) 35.2% 29.2%
62nd		 30.0%
Dividends / FCF n/a
Dividend growth (YoY) 5.1% 5.5%
45th		 6.4%
Buyback yield 8.4% 1.1%
95th		 1.7%
Shareholder yield (dividends + buybacks) 11.8% 4.1%
95th		 5.2%
Share count change (YoY) -2.2% 0.2%
25th		 -0.3%
Buybacks, last 5 years $13.2B $48.0M
100th		 $85.3M

Scores & forensic checks

MeasureMTBIndustry medianIndustry percentileSector median
IS score 56 54
59th		 53
IS profitability 69 62
77th		 59
IS growth 43 56
21st		 57
IS value 82 82
54th		 77
IS momentum 74 78
39th		 76
IS risk (safety) 65 65
37th		 65
IS quality 82 75
79th		 71
IS balance sheet 29 49
16th		 51
IS earnings quality 99 90
97th		 74
IS cash flow 78 73
64th		 71
Piotroski F-score (0-9) 7 6
54th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −6.59 −5.12
4th		 −6.00
IS credit score 64 71
35th		 68

Per share

MeasureMTBIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $19.37 $3.36
98th		 $3.36
Book value per share $178.51 $32.34
98th		 $28.13
Tangible book per share $136.39 $27.09
98th		 $21.49
Revenue per share $79.40 $15.66
98th		 $17.62
FCF per share n/a
Operating cash flow per share n/a
Cash per share n/a

Size (TTM)

MeasureMTBIndustry medianIndustry percentileSector median
Market cap $31.1B $1.5B
97th		 $2.5B
Revenue $12.4B $558.9M
95th		 $1.0B
EBITDA $4.4B $153.7M
98th		 $269.3M
Net income $3.0B $113.4M
98th		 $168.0M
Free cash flow n/a
Total assets $219.3B $9.5B
95th		 $8.5B
Shareholders' equity $27.9B $1.2B
96th		 $1.5B
Employees 21,662 930
98th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-14Jones Rene F
Director, Chairman of the Board and CEO
 Option exercise 16,770$190.78$3.2M138,328
2026-09-14Jones Rene F
Director, Chairman of the Board and CEO
 Tax withholding 15,101$239.48$3.6M123,227
2026-09-14Jones Rene F
Director, Chairman of the Board and CEO
 Open-market sale 19,396$239.35$4.6M103,831
2026-09-14Jones Rene F
Director, Chairman of the Board and CEO
 Option exercise 16,770$190.78$3.2M0
2026-08-21Seseri Rudina
Director
 Open-market sale 623$241.04$150,1713,649
2026-08-17Taylor John R.
EVP and Controller
 Open-market sale 1,217$253.84$308,9233,062
2026-08-05Walters Kirk W
Director
 Open-market sale 9$253.77$2,3770
2026-08-03Ledgett Richard H. Jr.
Director
 Open-market sale 855$248.16$212,1784,690
2026-07-31Jacobs Jeremy M Jr
Director
 Award / grant 589——589
2026-07-31Bible Daryl N.
Sr. EVP & CFO
 Tax withholding 3,043$246.29$749,46026,967
2026-07-15Pearson Kevin J
Vice Chairman
 Open-market sale 2,000$242.00$484,00044,107
2026-07-01Woodrow Tracy S.
Sr. Executive Vice President
 Option exercise 376$190.78$71,7339,984

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired127,916—
Open-market saleDisposed1254,542$12.6M
Option exerciseDisposed641,278$7.5M
Option exerciseAcquired641,278$7.5M
Tax withholdingDisposed218,144$4.4M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 8 trades (7 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-11-18Gilbert CisnerosHousePurchase$1,001 - $15,0002025-12-15
2025-11-17Gilbert Ray CisnerosHousePurchase$1,001 - $15,0002025-12-15
2025-10-29Ro KhannaHousePurchase$1,001 - $15,0002025-11-14
2017-06-15Patty MurraySenateSale (Full)$1,001 - $15,0002017-06-22
2017-06-15Patty MurraySenateSale (Full)$1,001 - $15,0002017-06-21
2017-03-16Patty MurraySenatePurchase$1,001 - $15,0002017-03-21
2017-03-16Patty MurraySenatePurchase$1,001 - $15,0002017-03-20
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.12,846,003$3.1B8.90%
FMR LLC12,417,262$3.0B8.60%
WELLINGTON MANAGEMENT GROUP LLP9,801,881$2.3B6.79%
VANGUARD CAPITAL MANAGEMENT LLC9,566,754$2.3B6.62%
STATE STREET CORP7,112,644$1.7B4.93%
VANGUARD PORTFOLIO MANAGEMENT LLC7,080,537$1.7B4.90%
GEODE CAPITAL MANAGEMENT, LLC4,348,008$1.0B3.01%
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO4,122,590$981.2M2.85%
Invesco Ltd.4,025,037$958.0M2.79%
JPMORGAN CHASE & CO3,969,172$949.4M2.75%
MORGAN STANLEY2,577,324$613.4M1.78%
NORGES BANK1,985,145$472.5M1.37%
DIMENSIONAL FUND ADVISORS LP1,589,579$378.4M1.10%
GOLDMAN SACHS GROUP INC1,366,905$325.3M0.95%
Bank of New York Mellon Corp1,354,658$322.4M0.94%

Institutional ownership by quarter

2023-092026-0684.7%
% of shares held by 13F filers
2023-092026-061,155
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,15584.7%13538940473
2026-03-311,10284.8%10640037786
2025-12-311,09886.9%15335338881
2025-09-301,04986.3%10440932762
2025-06-301,02187.6%10337237798
2025-03-311,03290.1%10438937398
2024-12-311,03892.2%18836034162
2024-09-3093292.4%10932933481
2024-06-3091590.8%10234031064
2024-03-3189289.7%10229134085
2023-12-3188590.2%15627332561
2023-09-3080189.0%7727230482

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$996.5M
VTI0.04%$996.5M
VSMPX0.04%$996.5M
VTSAX0.04%$996.5M
VEIPX1.29%$852.8M
VEIRX1.29%$852.8M

Share structure

Shares outstanding144,416,262
Float143,741,838
Free float99.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.1B$8.4B$12.5B$13.4B$12.3B
Cost of revenue$39.0M$942.0M$3.8B$4.8B$3.1B
Gross profit$6.0B$7.5B$8.8B$8.6B$9.2B
R&D$0$0$0$0$0
SG&A$2.2B$3.0B$3.2B$3.4B$3.2B
Operating income$2.5B$2.6B$3.6B$3.3B$3.7B
EBITDA$2.8B$3.0B$4.1B$3.8B$4.0B
Pretax income$2.5B$2.6B$3.6B$3.3B$3.7B
Income tax$596.0M$620.0M$878.0M$722.0M$841.0M
Net income$1.9B$2.0B$2.7B$2.6B$2.9B
EPS, diluted$13.80$11.53$15.79$14.64$17.00
Diluted shares128.8M164.0M167.0M167.3M156.6M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$47.2B$37.3B$40.3B$35.3B$55.4B
Receivables$1.1B$2.6B$2.8B$0$0
Inventory$0$0$0$0$0
Total current assets$48.3B$39.9B$43.2B$35.3B$55.4B
PP&E, net$1.1B$1.7B$1.7B$1.7B$0
Goodwill & intangibles$4.6B$8.7B$8.6B$8.6B$8.5B
Total assets$155.1B$200.7B$208.3B$208.1B$213.5B
Accounts payable$2.1B$4.4B$4.5B$0$0
Total current liabilities$133.7B$171.4B$173.1B$162.2B$173.4B
Long-term debt$3.5B$4.0B$8.2B$12.6B$10.9B
Total liabilities$137.2B$175.4B$181.3B$179.1B$184.3B
Shareholders' equity$17.9B$25.3B$27.0B$29.0B$29.2B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.9B$2.0B$2.7B$2.6B$2.9B
Depreciation & amortization$324.2M$435.0M$497.0M$508.0M$498.0M
Stock-based compensation$0$0$0$0$136.0M
Change in working capital$521.7M$1.8B$364.0M−$79.0M−$406.0M
Operating cash flow$2.7B$4.6B$3.9B$3.6B$3.0B
Capital expenditure−$149.0M−$214.0M−$256.0M−$216.0M−$143.0M
Free cash flow$2.6B$4.4B$3.6B$3.4B$2.9B
Investing cash flow−$13.6B$16.6B−$7.9B−$550.0M−$6.8B
Net debt issued / repaid−$856.0M$2.7B$6.0B$232.0M−$758.0M
Buybacks−$495.0M−$1.8B−$594.0M−$746.0M−$2.6B
Dividends paid−$648.0M−$881.0M−$968.0M−$1.0B−$1.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin99.4%89.0%70.5%64.3%74.6%
Operating margin40.2%30.3%28.5%24.7%30.0%
Net margin30.4%23.1%21.6%19.3%23.2%
FCF margin42.0%50.7%28.7%25.3%23.9%
ROE10.9%9.2%10.5%9.2%9.8%
ROIC-7.2%-44.2%2,141.7%35.2%-21.6%
ROA1.2%1.1%1.3%1.2%1.4%
Debt / equity0.200.300.500.470.45
Interest coverage21.5x6.1x1.2x0.8x1.0x
Current ratio0.360.230.250.220.32
Revenue growth−2.8%+40.9%+47.8%+5.5%−8.2%
EPS growth+36.8%−19.8%+42.1%−5.7%+17.5%
P/E at year end9.4x11.3x7.8x11.8x11.1x
EV / EBITDA at year endn/mn/mn/m2.3xn/m
FCF yield at year end14.75%19.33%16.99%11.14%9.34%
Dividend payout34.9%44.2%35.3%39.9%36.7%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Fiduciary and Trust——$680.0M——
Mortgage Banking$571.3M$356.6M$409.0M——
Retail Banking———$471.0M$501.0M
Deposit Account——$475.0M——
Commercial Banking———$272.0M$302.0M

Street estimates by fiscal year

Next report 2027-01-19 · consensus EPS $4.95 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$10.1B$10.0B – $10.1B$19.30$18.98 – $19.791411.2x
2027$10.4B$10.3B – $10.6B$21.01$20.68 – $22.061510.2x
2028$10.9B$10.6B – $11.3B$22.66$21.18 – $23.44119.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-16$4.93$5.08+3.0%$2.5B$2.5B+0.6%
2026-07-15$4.66$5.35+14.8%$2.5B$2.5B+2.8%
2026-04-15$4.02$4.18+4.0%$2.4B$2.4B+0.4%
2026-01-16$4.48$4.67+4.2%$2.5B$2.5B+0.1%
2025-10-16$4.43$4.87+9.9%$2.4B$2.5B+3.0%
2025-07-16$3.99$4.28+7.3%$2.4B$2.4B+0.3%
2025-04-14$3.40$3.38−0.6%$2.3B$2.3B−1.6%
2025-01-16$3.75$3.92+4.5%$2.3B$2.4B+0.8%
2024-10-17$3.64$4.02+10.4%$2.3B$2.3B+0.7%
2024-07-18$3.50$3.73+6.6%$2.3B$2.3B+1.0%
2024-04-15$3.08$3.86+25.3%$2.3B$2.2B−1.2%
2024-01-18$3.67$2.81−23.4%$2.3B$2.3B−0.2%
2023-10-18$3.93$3.98+1.3%$2.3B$2.3B+0.4%
2023-07-19$4.04$5.05+25.0%$2.4B$2.6B+10.1%
2023-04-17$3.99$4.01+0.5%$2.4B$2.4B−0.0%
2023-01-19$4.30$4.29−0.2%$2.4B$2.5B+5.7%
2022-10-19$4.04$3.53−12.6%$2.3B$2.3B+2.1%
2022-07-20$3.10$3.100.0%$2.1B$2.0B−0.8%
2022-04-20$2.19$2.62+19.6%$1.5B$1.5B−0.1%
2022-01-20$2.91$3.37+15.8%$1.5B$1.5B−0.7%
2021-10-20$3.50$3.69+5.4%$1.5B$1.5B+5.1%
2021-07-21$3.62$3.41−5.8%$1.5B$1.5B−0.9%
2021-04-19$3.00$3.39+13.0%$1.5B$1.5B−0.3%
2021-01-21$3.03$3.52+16.2%$1.3B$1.5B+19.3%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.306-220.306-290.307-060.607-130.507-200.507-270.408-030.308-100.408-170.308-240.308-31
Week ofNotionalSharesTrades
2026-08-31$349.6M1,485,95549,659
2026-08-24$315.2M1,313,01643,492
2026-08-17$416.6M1,694,17051,505
2026-08-10$292.2M1,154,41843,582
2026-08-03$377.7M1,503,41048,135
2026-07-27$503.8M2,017,25558,636

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1562.9%
DateShort shareShort volumeTotal volume
2026-10-1562.9%262,781417,746
2026-10-1452.5%157,271299,711
2026-10-1371.3%186,284261,168
2026-10-1278.5%234,489298,850
2026-10-0967.9%184,632271,971
2026-10-0844.9%267,792596,038
2026-10-0773.4%267,332364,213
2026-10-0669.5%216,882312,205
2026-10-0562.5%248,260397,414
2026-10-0273.5%268,195364,843
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.8Jan+0.5Feb-1.6Mar+3.2Apr-0.2May-0.0Jun+1.8Jul-0.4Aug+1.6Sep+0.7Oct+2.9Nov+0.2Dec
MonthAvg returnUp yearsYears
Jan+1.8%60%20
Feb+0.5%55%20
Mar−1.6%48%21
Apr+3.2%75%20
May−0.2%50%20
Jun−0.0%65%20
Jul+1.8%55%20
Aug−0.4%60%20
Sep+1.6%45%20
Oct+0.7%60%20
Nov+2.9%75%20
Dec+0.2%75%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1434.7
MFI35.4
ADX37.0
Stochastic %K / %D46.2 / 53.4
Williams %R-70.6
CCI-66
TSI / signal-32.9 / -35.3
Chaikin money flow-0.03
ATR$4.53
Bollinger width4.7%
Volume vs 20-day avg1.57x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$218.91 (−1.7%)
SMA 50$231.88 (−7.2%)
SMA 200$224.07 (−4.0%)
EMA 21$220.81 (−2.6%)
EMA 50$227.41 (−5.4%)
EMA 200$222.39 (−3.3%)
Bollinger upper$224.07 (−4.0%)
Bollinger lower$213.75 (+0.7%)
Parabolic SAR$223.46 (−3.7%)
Open the live chart, 110+ indicators

About M&T Bank Corporation

M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of financial solutions to both commercial enterprises and individual consumers. Its Business Banking division caters to small businesses and professionals, providing essential services such as deposit accounts, credit facilities, and treasury management solutions. The Commercial Banking arm extends its reach to middle-market and large corporate clients, supplying a robust suite of offerings including deposit products, commercial loans and leases, letters of credit, and sophisticated cash management tools. Dedicated to Commercial Real Estate, the company engages in the origination, sale, and servicing of commercial property loans, alongside offering deposit services tailored for this sector. The Discretionary Portfolio segment focuses on internal financial management, overseeing deposits, investment securities, residential real estate loans, and other assets, while also managing short- and long-term borrowed funds and foreign exchange operations. Through its Residential Mortgage Banking segment, M&T originates home loans for consumers, subsequently selling these loans in the secondary market. It also acquires servicing rights for loans initially originated by other institutions. The Retail Banking segment serves individual customers with a diverse array of financial products, including demand, savings, and time deposit accounts; various consumer installment loans such as automobile and recreational vehicle financing; home equity loans and lines of credit; credit cards; and investment vehicles like mutual funds and annuities. Beyond these, M&T Bank offers specialized financial services encompassing trust and wealth management, fiduciary and custodial services, insurance brokerage, institutional securities services, and investment management. Customers can access these services through an extensive network of physical banking offices, dedicated business banking centers, as well as via telephone, online platforms, and automated teller machines (ATMs). As of December 31, 2021, the corporation maintained 688 domestic banking locations across New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Additionally, it operates a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation, established in 1856, has its corporate headquarters situated in Buffalo, New York.

https://www.mtb.com

Key executives

NameTitlePayBorn
Rene F. JonesChairman & Chief Executive Officer$4.6M1965
Daryl N. BibleSenior EVP & CFO$2.4M1961
Christopher E. KaySenior EVP & Head of Enterprise Platforms$2.4M1965
Peter G. D'ArcySenior EVP & Head of Commercial Banking$1.7M1974
Hugh GiorgioHead of Investment Banking——
Laura O'HaraSenior EVP & Chief Legal Officer—1960
Michael A. WislerSenior Executive VP & Chief Technology and Operations Officer—1976
Rajiv RanjanHead of Investor Relations & Corporate Development——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Robert G. Wilmers Chairman of the Board and Chief Executive Officer of M&T Bank Corporation and M&T Bank (Principal Executive Officer)2013$950,000$1.9M$0$3.7M
Michael P. Pinto Vice Chairman of the Board of M&T Bank Corporation; Vice Chairman of the Board and Chairman and Chief Executive Officer of the Mid-Atlantic Division of M&T Bank2013$900,000$1.9M$0$3.7M
Mark J. Czarnecki President of M&T Bank Corporation and M&T Bank2013$900,000$1.9M$0$3.4M
René F. Jones Executive Vice President and Chief Financial Officer of M&T Bank Corporation and M&T Bank (Principal Financial Officer)2013$600,000$1.3M$0$2.3M
Kevin J. Pearson Executive Vice President of M&T Bank Corporation and M&T Bank2013$600,000$1.3M$0$2.3M

Employees

16k201817k201917k202018k202123k202222k202322k202422k2025

Dividends

Ex-dateAmountPaid
2026-09-01$1.52026-09-30
2026-06-01$1.52026-06-30
2026-03-02$1.52026-03-31
2025-12-01$1.52025-12-31
2025-09-02$1.52025-09-30
2025-06-02$1.352025-06-30
2025-03-03$1.352025-03-31
2024-12-02$1.352024-12-31

Moat model

Weak · Cost Advantage · 2026-06-30
Cost advantage61
Intangibles61
Switching costs38
Network effect42
Efficient scale52
Our component scores (0-100) and overall 51.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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