InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$215.16

2026-10-16

Market Cap

$31.1B

Volume

2.0M

52-Wk High

$255.95

52-Wk Low

$176.02

Trailing PE

11.2

P/S

2.33

Gross Margin

71.0%

Net Margin

22.6%

ROE

11%

ROIC

7%

Piotroski

7/9

Altman Z

0.4

1-Yr Return

+21.4%

5-Yr Return

+81.3%

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.

SectorFinancial ServicesIndustryBanks - RegionalExchangeNYSEMarket Cap$31.1BEmployees21,839 (SEC-filed)CEORene F. JonesIPO1980-03-17CountryUS

One M&T Plaza, Buffalo, NY 14203 · Tel 716 635 4000 · mtb.com

INSIDERSTREET SCORE56 / 100Street mean $263.83 (12 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$14M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · MTB +21.4% · S&P 500 +15.9% · spread +5.5pp

7 Years vs S&P 500 · MTB +81.3% · S&P 500 +189.9% · spread -108.6pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE56of 100

Score Breakdown

Profitability	69/100
Growth	43/100
Momentum	74/100
Quality	82/100
Earnings Quality	99/100
Balance Sheet	29/100
Value	82/100
Risk (safety)	65/100
Overall	55.7/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
HBAN	59
CFG	55
FCNCA	50
RF	44
KEY	44
FITB	51
MTB	56

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 67 in 23 Q1, latest 56 — -11 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY56 / 100IS Score 55.7 / 100 · -11.4 from peak of 67

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 19 / 100 · Power -62 · 3 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 56, price structure 19 out of 100, so the business reads better than the price does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 55.7	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 58 → 48 → 50 → 56	the direction matters more than the level
Technical vote share back above 50%	now 9%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,155 → now 1,155	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score0 of 4top 100% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1021 up / 1031 downnet -10 funds

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,155 · latest 1,155 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,155	132.6M	$31.1B	84.7%
2026 Q1	1,102	132.7M	$27.1B	84.8%
2025 Q4	1,098	136.0M	$27.1B	86.9%
2025 Q3	1,049	135.1M	$26.5B	86.3%
2025 Q2	1,021	137.2M	$26.4B	87.6%
2025 Q1	1,032	141.0M	$25.0B	90.1%
2024 Q4	1,038	144.4M	$27.0B	92.2%
2024 Q3	932	144.7M	$25.6B	92.4%
2024 Q2	915	142.2M	$21.4B	90.8%
2024 Q1	892	140.4M	$20.3B	89.7%
2023 Q4	885	141.3M	$19.3B	90.2%
2023 Q3	801	139.4M	$17.6B	89.0%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Jones Rene F	director, Chairman of the Board and CEO	2026-09-14	EXERCISE	16,770	$3.20M	138,328
Jones Rene F	director, Chairman of the Board and CEO	2026-09-14	TAX W/H	15,101	$3.62M	123,227
Jones Rene F	director, Chairman of the Board and CEO	2026-09-14	SELL	19,396	$4.64M	103,831
Jones Rene F	director, Chairman of the Board and CEO	2026-09-14	EXERCISE	16,770	$3.20M	0
Seseri Rudina	director	2026-08-21	SELL	623	$0.15M	3,649
Taylor John R.	EVP and Controller	2026-08-17	SELL	1,217	$0.31M	3,062
Walters Kirk W	director	2026-08-05	SELL	9	$0.00M	0
Ledgett Richard H. Jr.	director	2026-08-03	SELL	855	$0.21M	4,690

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	13	62,779	$14.5M	Counted
M — Exercises (paired A/D)	8	46,029	$8.2M	None — mechanics
F — Tax withholding	2	18,144	$4.4M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$14.5M13 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-01-29	2026-02-10
Gilbert Cisneros	House	BUY	$1,001 - $15,000	2025-11-18	2025-12-15
Gilbert Ray Cisneros	House	BUY	$1,001 - $15,000	2025-11-17	2025-12-15
Patty Murray	Senate	SELL	$1,001 - $15,000	2017-06-15	2017-06-22
Patty Murray	Senate	SELL	$1,001 - $15,000	2017-06-15	2017-06-21
Patty Murray	Senate	BUY	$1,001 - $15,000	2017-03-16	2017-03-21

House 12-Mo10 trades7 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

13F Filers (last complete Q)1,102

13F Shares133M84.8% of shares out

New / Closed106 / 86positions, QoQ

Increased / Reduced400 / 377positions, QoQ

Put/Call (13F)0.91option positions

Free Float99.5%144M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Smead Capital Management, Inc.	274,204	$60M
Assenagon Asset Management S.A.	114,128	$25M
Sapient Capital Llc	107,423	$23M
Sound Income Strategies, Llc	88,303	$19M
Wealth Enhancement Advisory Servic	73,836	$16M
Matrix Asset Advisors Inc/Ny	63,754	$14M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$996M
VTI	0.0%	$996M
VSMPX	0.0%	$996M
VTSAX	0.0%	$996M
VEIPX	1.3%	$853M
VEIRX	1.3%	$853M

13F Filers Holding MTB — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session62.9%2026-10-15

20-Day Avg61.9%50-day 56.9%

TrendRising20d vs 50d

By Market CenterQ: 63% · N: 65% · B: 55%latest session

Weekly Notional ($B)

Where MTB Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	1.5M	42 sh
Sgmt Sigma X2	1.0M	34 sh
Ebxl Level Ats	0.9M	19 sh
Mlix Instinct X	0.8M	54 sh
Mstx Ms Trajectory Cross (Ats-1)	0.6M	23 sh
Mspl Ms Pool (Ats-4)	0.6M	138 sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Where a dollar of M&T Bank Corporation revenue goes. All values FY2025 filings, live.

MTB (live moat model)Peer median: HBAN · CFG · FCNCA · RF · KEY

Component scores from the live moat model. Peer median illustrative.

Moat score 51/100 — Weak; primary source Cost Advantage.

3.8 · Employees (SEC filings)

Officer	Title
Rene F. Jones	Chairman & Chief Executive Officer
Daryl N. Bible	Senior EVP & CFO
Christopher E. Kay	Senior EVP & Head of Enterprise Platforms
Peter G. D'Arcy	Senior EVP & Head of Commercial Banking

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)6 of 6recent quarters

Avg Surprise+7.2%

Next Report2027-01-19

Income Quality1.25OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	-3.3%	+38.9%	+48.2%	+7.2%	-8.2%
Gross profit	+17.1%	+24.2%	+16.8%	-1.5%	+6.5%
Operating income	+38.7%	+6.4%	+38.6%	-8.5%	+11.5%
Net income	+37.4%	+7.2%	+37.6%	-5.6%	+10.2%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	6.1	8.4	12.5	13.4	12.3
Cost of revenue	0.0	0.9	3.8	4.8	3.1
Gross profit	6.0	7.5	8.8	8.6	9.2
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	2.2	3.0	3.2	3.4	3.2
Operating income	2.5	2.6	3.6	3.3	3.7
EBITDA	2.8	3.0	4.1	3.8	4.0
D&A	0.3	0.4	0.5	0.5	0.3
Pretax income	2.5	2.6	3.6	3.3	3.7
Income tax	0.6	0.6	0.9	0.7	0.8
Net income	1.9	2.0	2.7	2.6	2.9
Diluted EPS ($)	13.80	11.53	15.79	14.64	17.00
Diluted shares (M)	129	164	167	167	157

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Operating CF$3B

CapEx$0B

Free cash flow$3B

SBC$0B

Buybacks$3B

Net cash change$-2B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	26.5	29.8	20.8	18.8
ST investments	10.7	10.4	14.4	36.6
Receivables (net)	2.6	2.8	0.0	0.0
Total current assets	39.9	43.2	35.3	55.4
PP&E (net)	1.7	1.7	1.7	0.0
Goodwill + intangibles	8.7	8.6	8.6	8.5
Total assets	200.7	208.3	208.1	213.5
Accounts payable	4.4	4.5	0.0	0.0
Short-term debt	3.6	5.3	1.1	2.1
Deferred revenue	0.0	0.0	0.0	0.0
Total current liabilities	171.4	173.1	162.2	173.4
Long-term debt	4.0	8.2	12.6	10.9
Total liabilities	175.4	181.3	179.1	184.3
Shareholders' equity	25.3	27.0	29.0	29.2

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	2.0	2.7	2.6	2.9
D&A	0.4	0.5	0.5	0.5
Stock-based compensation	0.0	0.0	0.0	0.1
Working capital change	1.8	0.4	(0.1)	(0.4)
Operating cash flow	4.6	3.9	3.6	3.0
Capital expenditures	(0.2)	(0.3)	(0.2)	(0.1)
Investing cash flow	16.6	(7.9)	(0.6)	(6.8)
Buybacks	(1.8)	(0.6)	(0.7)	(2.6)
Dividends paid	(0.9)	(1.0)	(1.0)	(1.0)
Debt issuance / (repay)	2.7	6.0	0.2	(0.8)
Financing cash flow	(21.0)	4.2	(2.9)	1.8
Free cash flow	4.4	3.6	3.4	2.9

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	10.9%	9.2%	10.5%	9.2%	9.8%	11%
ROA	1.2%	1.1%	1.3%	1.2%	1.4%	1.4%
ROIC	-7.2%	-44.2%	2141.7%	35.2%	-21.6%	6.6%
Gross margin	99.4%	88.8%	70.0%	64.3%	74.6%	71.0%
Operating margin	40.4%	31.0%	28.9%	24.7%	30.0%	30.8%
Net margin	30.6%	23.6%	21.9%	19.3%	23.2%	22.6%
EBITDA margin	45.7%	36.1%	32.9%	28.5%	32.1%	32.9%
FCF margin	42.0%	50.7%	28.7%	25.3%	23.9%	—
VALUATION
P/E	9.36	11.32	7.83	11.77	11.06	11.2
P/B	0.97	0.89	0.80	1.05	1.08	1.1
P/S	2.85	2.62	1.69	2.27	2.56	2.33
P/FCF	6.78	5.17	5.89	8.98	10.70	8.4
EV/EBITDA	-9.46	-2.39	-1.30	2.31	-2.65	8.1
EV/Revenue	-4.30	-0.85	-0.42	0.66	-0.88	2.7
Earnings yield	10.7%	8.8%	12.8%	8.5%	9.0%	9.73%
FCF yield	14.7%	19.3%	17.0%	11.1%	9.3%	11.85%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.36	0.23	0.25	0.22	0.32	6.23
Quick ratio	0.36	0.23	0.25	0.22	0.32	6.23
Debt / equity	0.20	0.30	0.50	0.47	0.45	0.23
Debt / assets	2.3%	3.7%	6.5%	6.6%	6.1%	2.9%
Net debt / EBITDA	-15.72	-9.79	-6.52	-5.67	-10.39	1.04
Interest coverage	21.54	6.14	1.16	0.79	1.04	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.04	0.05	0.06	0.06	0.06	0.06
Receivables turnover	5.21	4.68	4.71	9.53	—	—
DSO (days)	70	78	77	38	0	—
DPO (days)	20092	1260	432	172	0	—
Cash conversion cycle	-20022	-1182	-355	-134	0	—
GROWTH (YoY)
Revenue growth	-2.8%	40.9%	47.8%	5.5%	-8.2%	—
Net income growth	37.4%	7.2%	37.6%	-5.6%	10.2%	—
EPS growth	36.8%	-19.8%	42.1%	-5.7%	17.5%	—
FCF growth	315.9%	69.9%	-16.3%	-7.0%	-13.2%	—
PER SHARE ($)
EPS (diluted, TTM)	14.42	11.57	16.44	15.50	18.21	20.93
Book value / share	138.91	147.07	161.68	173.85	186.37	195.42
Revenue / share	47.37	49.98	76.24	80.28	78.63	92.50
FCF / share	19.91	25.32	21.89	20.33	18.82	25.55
Cash / share	366.33	216.94	241.98	211.60	353.99	275.45
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	8.0%	2.8%	2.4%	8.3%	6.99%
Altman Z-Score	-0.36	-0.51	-0.44	-0.38	-0.31	0.4
Piotroski F-Score	7	4	7	5	8	7/9
Beneish M-Score	-2.70	-1.23	-2.24	-3.43	-2.55	-2.41

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	0.4	Distress (<1.81)	Distress
Income quality	1.25	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.41	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.77
Interest burden	0.95
Operating margin	33.2%
Asset turnover	0.06×
Financial leverage	7.63×
= ROE	11%

Growth Quality (live)	Value
Revenue stability	0.74
Earnings stability	0.62
Earnings persistence	0.95
Revenue CAGR 3y	3.2%
EPS CAGR 3y	2.6%
FCF CAGR 3y	1.2%

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Buyback Yield6.99%

Dividend Yield2.79%

Total Shareholder Return8.67%cash yield

SBC / Revenue1.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
HBAN	$30.9B	11.2	9%	17.4%	+18.5%	7/9	+0.2%
CFG	$26.7B	12.7	8%	18.4%	-4.5%	7/9	+32.1%
FCNCA	$24.0B	11.4	11%	18.6%	-1.3%	7/9	+29.7%
RF	$23.4B	10.6	12%	24.0%	+0.5%	6/9	+18.7%
KEY	$21.6B	11.6	10%	24.7%	+13.5%	7/9	—
FITB	$45.7B	17.0	8%	18.1%	+15.9%	6/9	—
EWBC	$17.4B	12.1	17%	30.9%	+4.7%	8/9	—
TFC	$57.5B	12.0	9%	20.4%	+0.3%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

48 Analysts

Str Sell (0)Sell (4)Hold (29)Buy (15)Str Buy (0)

Mean Target (qtr)$263.8312 targets

Target vs. Price+22.6%last-quarter mean

Next Report2027-01-19street $4.95

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$10.07B	$10.11B / $10.02B	$19.30	$19.79 / $18.98	14
FY2027	$10.43B	$10.57B / $10.35B	$21.01	$22.06 / $20.68	15
FY2028	$10.87B	$11.25B / $10.63B	$22.66	$23.44 / $21.18	11

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$254.00	+18.1%	6
Last Quarter	$263.83	+22.6%	12
Last Year	$252.94	+17.6%	32
All Time	$221.13	+2.8%	79

Rolling mean of published targets vs. last close $215.16. Aggregated from StreetInsider, Benzinga, Investing.

Third-Party Composite Rating

A

DCF

5/5

ROE

3/5

ROA

4/5

Debt/Eq

4/5

P/E

3/5

P/B

3/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

MTB +21.4% vs S&P 500 +15.9% — spread +5.5pp

Sector — XLF +7.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$218.91	-3.75	-1.71%	Below
SMA 50	$231.88	-16.72	-7.21%	Below
SMA 200	$224.07	-8.91	-3.98%	Below
EMA 9	$217.62	-2.46	-1.13%	Below
EMA 21	$220.81	-5.65	-2.56%	Below
EMA 50	$227.41	-12.25	-5.39%	Below
EMA 200	$222.39	-7.23	-3.25%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -623 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%10

Momentum 25%10

Volume 20%31

Volatility 10%17

Patterns 15%38

This Week9% bullishof 11 price-based votes

4 Weeks Ago18%-9 pts since

12 Weeks Ago100%-91 pts since

ReadDeterioratingweek-over-week trajectory

Price vs SMA 20$218.91

Price vs SMA 50$231.88

Price vs SMA 200$224.07

EMA 9/21 Cross217.6/220.8

SMA 50/200Golden

ADX DirectionADX 37

Supertrend$227

Parabolic SAR$223

SMA Slope-0.610

RSI34.7

Stochastic K/D46/53

StochRSI K/D70/74

Williams %R-71

CCI-66

TSI vs Signal-32.9

CMO-30.6

ROC-1.82%

OBV SignalDistrib

Chaikin MF-0.030

MFI35

Force Index-1M

Elder Ray Bull2.65

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 53

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$218.02 / $220.48 / $222.31	S1 / S2	$216.19 / $213.73
Bollinger (20,2)	$213.75 – $224.07	Squeeze	ON
52-wk range	$173.38 – $255.95	Off 52-wk high	-15.9%
ATR (14)	$4.53 (2.1%)	Historical vol	14.6%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+1.8%Jan60%

+0.5%Feb55%

-1.6%Mar48%

+3.2%Apr75%

-0.2%May50%

-0.0%Jun65%

+1.8%Jul55%

-0.4%Aug60%

+1.6%Sep45%

+0.7%Oct60%

+2.9%Nov75%

+0.2%Dec75%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	MTB	S&P 500
Weekly volatility (σ, 1y)	3.01%	1.83%
Best / worst week (1y)	+7.1% / -8.2%	—
Max drawdown (5y, monthly)	-42.9%	—
1-week VaR (95%)	-4.6%	—
Beta (5y)	0.56	1.00

MTB EQUITY WEATHER (LIVE)RAINY · -33

Trend-51

Momentum-20

Volume-27

Volatility-30

Breadth-23

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 150 stories, weekly buckets, −1 to +1.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-32.5-9.7 vs industry

Trend-51.4-27.4 vs industry

Momentum-20.0-5.9 vs industry

Volume-26.8+7.8 vs industry

Reading	MTB	Banks - Regional n=1,560	Financial Services n=24,134	All US symbols n=70,435
Overall	-32.5	-22.8	-16.3	-20.5
Trend	-51.4	-24.0	-12.5	-21.3
Momentum	-20.0	-14.1	-4.4	-15.8
Volume	-26.8	-34.6	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Robert G. Wilmers Chairman of the Board and	$3.7M	52% equity+incentive
Michael P. Pinto Vice Chairman of the Board	$3.7M	53% equity+incentive
Mark J. Czarnecki President of M&T Bank Corp	$3.4M	57% equity+incentive
René F. Jones Executive Vice President and C	$2.3M	56% equity+incentive
Kevin J. Pearson Executive Vice President of	$2.3M	56% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	58
Social	72
Governance	61
Composite ESG	63

Composite ESG Trend

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2021-01-21 to 2026-10-16
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	115 rows · 1997 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-07-01 to 2026-09-14
Proposed sales (Form 144)	edgar/form144	not present for this symbol
Beneficial ownership (13D/G)	edgar/13dg	not present for this symbol
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

M&T Bank Corporation (MTB)

Institutions holding — 12 quarters

M&T Bank Corporation (MTB)

Monthly Net Insider Flow (000 shares)

Signal Summary

M&T Bank Corporation (MTB)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding MTB — quarterly

Institutional Put/Call — quarterly

Where MTB Trades in the Dark

M&T Bank Corporation (MTB)

3.8 · Employees (SEC filings)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

Balance Sheet — Full

Cash Flow Statement — Full

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

Street Price Target — Trajectory

Third-Party Composite Rating

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

Family Scores (site weights)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB)