M&T Bank Corp. (MTB): price, analyst ratings, earnings and fundamentals
Updated 30 October 2026, 21:45 ET
M&T Bank Corp. (MTB) closed at $220.72 on 30 October 2026, down 1.5%. The stock is up 1.6% over one month and up 21.7% over one year. It trades 13.8% below its 52-week high of $255.95. Analysts recorded 17 actions in the last 90 days; the median price target of $248 is 12.6% above the last close. The company last reported on 16 October 2026 for Q3 2026: EPS of $5.08 against an estimate of $4.94, a beat of 2.8%, on revenue of $2.5 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open MTB in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 17 analyst actions on MTB from 12 firms: 13 maintained or reiterated a view, 1 upgrade, 1 downgrade and 2 initiations. Price targets were 4 raised and 10 lowered. The most recent targets from 15 firms range from $224 to $294, with a median of $248, 12.6% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 27 Oct 2026 | Wolfe Research | Downgrades to Underperform from Peer Perform | |
| 21 Oct 2026 | Citigroup | Maintains Neutral | $225.00 to $230.00 |
| 20 Oct 2026 | Truist Securities | Maintains Hold | $250.00 to $235.00 |
| 19 Oct 2026 | DA Davidson | Maintains Neutral | $262.00 to $258.00 |
| 19 Oct 2026 | Morgan Stanley | Maintains Overweight | $301.00 to $294.00 |
| 19 Oct 2026 | RBC Capital | Maintains Outperform | $255.00 to $245.00 |
| 14 Oct 2026 | Cantor Fitzgerald | Maintains Overweight | $285.00 to $255.00 |
| 8 Oct 2026 | TD Cowen | Reinstates Hold | $245.00 |
| 7 Oct 2026 | Raymond James | Initiates Coverage On Outperform | $250.00 |
| 5 Oct 2026 | UBS | Maintains Neutral | $255.00 to $238.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 19 January 2027 before the open for Q4 2026, with EPS expected at $4.99 on revenue of $2.5 billion. M&T Bank Corp. beat the EPS estimate in 7 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q3 2026 | 16 Oct 2026 | $4.94 | $5.08 | +2.83% | $2.5B |
| Q2 2026 | 15 Jul 2026 | $4.67 | $5.35 | +14.56% | $2.5B |
| Q1 2026 | 15 Apr 2026 | $4.02 | $4.18 | +3.98% | $2.4B |
| Q4 2025 | 16 Jan 2026 | $4.46 | $4.72 | +5.83% | $2.5B |
| Q3 2025 | 16 Oct 2025 | $4.40 | $4.87 | +10.68% | $2.5B |
| Q2 2025 | 16 Jul 2025 | $4.02 | $4.28 | +6.47% | $2.4B |
| Q1 2025 | 14 Apr 2025 | $3.40 | $3.38 | -0.59% | $2.3B |
| Q4 2024 | 16 Jan 2025 | $3.74 | $3.92 | +4.81% | $2.4B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, M&T Bank Corp. reported revenue of $442.0 million and net income of $818.0 million. On a trailing twelve month basis the company shows revenue growth of 6.44%, a gross margin of N.A., an operating margin of N.A. and a return on equity of 10.74%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $442,000,000 |
| Depreciation & Amortization | $77,000,000 |
| Pre-tax Income | $1,063,000,000 |
| Income Tax Expense | $245,000,000 |
| Net Income | $818,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $1,268,000,000 |
| Cash from Investing Activities | -$3,826,000,000 |
| Cash from Financing Activities | $3,648,000,000 |
| Dividends Paid | $218,000,000 |
| Share Repurchases | $460,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $17,438,000,000 |
| Plant, Property & Equipment, Net | $1,726,000,000 |
| Operating Lease Right-of-Use Assets | $544,000,000 |
| Long-term Investments | $3,228,000,000 |
| Goodwill Intangible Assets, Net | $8,513,000,000 |
| Total Assets | $219,261,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $4,614,000,000 |
| Long-term Debt | $13,568,000,000 |
| Operating Lease Liabilities, Long-term | $652,000,000 |
| Other Borrowings | $10,000,000 |
| Total Liabilities | $191,315,000,000 |
| Preferred Stock | $2,434,000,000 |
| Common Stock | $90,000,000 |
| Additional Paid In Capital | $9,970,000,000 |
| Retained Earnings | $22,038,000,000 |
| Treasury Stock | -$6,494,000,000 |
| Other Accumulated Comprehensive Income | -$92,000,000 |
| Total Stockholders Equity | $27,946,000,000 |
| Total Liability & Stockholders Equity | $219,261,000,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.08 | 55th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.65 | 67th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.33 | 43rd | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
| Long Term Debt/Total Capital | 0.29 | 40th | Calculated as (Short-Term Debt + Long-Term Debt / (Short-Term Debt + Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 12.3% | 52nd | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 0.6% | 46th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 11.6% | 68th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 21.7% | 61st | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 0.2% | 42nd | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 11.7% | 70th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| PreTax Margin Pct | 230.3% | 98th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 1.4% | 62nd | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 10.7% | 68th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 6.4% | 51st | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -32.1% | 6th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | -21.7% | 6th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 22.7% | 75th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open MTB in FundSpec.
Insider activity
In the last 90 days insiders filed 9 transactions. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 19,396 shares by Rene F Jones, Director, Chairman of the Board and CEO on 14 September 2026, worth about $4.6 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 16 Oct 2026 | Kevin J Pearson | Vice Chairman | S | 2,000 | $220.75 | $442K |
| 14 Sep 2026 | Rene F Jones | Director, Chairman of the Board and CEO | S | 19,396 | $239.35 | $4.6M |
| 14 Sep 2026 | Rene F Jones | Director, Chairman of the Board and CEO | F | 15,101 | $239.48 | $3.6M |
| 14 Sep 2026 | Rene F Jones | Director, Chairman of the Board and CEO | M | 16,770 | $190.78 | $3.2M |
| 14 Sep 2026 | Rene F Jones | Director, Chairman of the Board and CEO | M | 16,770 | ||
| 21 Aug 2026 | Rudina Seseri | Director | S | 623 | $241.04 | $150K |
| 17 Aug 2026 | John R. Taylor | EVP and Controller | S | 1,217 | $253.84 | $309K |
| 5 Aug 2026 | Kirk W Walters | Director | S | 9 | $253.77 | $2K |
| 3 Aug 2026 | Richard H. Jr. Ledgett | Director | S | 855 | $248.16 | $212K |
| 31 Jul 2026 | Daryl N. Bible | Sr. EVP & CFO | F | 3,043 | $246.29 | $749K |
| 31 Jul 2026 | Jeremy M Jr Jacobs | Director | Acquisition | 589 | ||
| 15 Jul 2026 | Kevin J Pearson | Vice Chairman | S | 2,000 | $242.00 | $484K |
| 1 Jul 2026 | Tracy S. Woodrow | Sr. Executive Vice President | S | 881 | $242.00 | $213K |
| 1 Jul 2026 | Tracy S. Woodrow | Sr. Executive Vice President | M | 505 | $164.54 | $83K |
| 1 Jul 2026 | Tracy S. Woodrow | Sr. Executive Vice President | M | 376 | $190.78 | $72K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 4 August 2026.
| Filed | Form | Document |
|---|---|---|
| 4 Aug 2026 | 10-Q | View on sec.gov |
| 5 May 2026 | 10-Q | View on sec.gov |
| 18 Feb 2026 | 10-K | View on sec.gov |
| 27 Oct 2025 | 10-Q | View on sec.gov |
| 4 Aug 2025 | 10-Q | View on sec.gov |
| 5 May 2025 | 10-Q | View on sec.gov |
| 19 Feb 2025 | 10-K | View on sec.gov |
| 5 Nov 2024 | 10-Q | View on sec.gov |
| 5 Aug 2024 | 10-Q | View on sec.gov |
| 3 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Banks
- Industry
- Banking
- Headquarters
- BUFFALO, New York
- Chief executive
- René F. Jones
- Employees
- 22,800
- Website
- www3.mtb.com
- SEC CIK
- 0000036270
M&T Bank Corporation provides deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans, and credit cards.
Sector and peers
M&T Bank Corp. is part of the Banks sector, which FundSpec tracks across 312 companies.
Companies in the same industry by market capitalization:
FITB Fifth Third BancorpSTT State Street Corp.NTRS Northern Trust Corp.CFG Citizens Financial Group Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for MTB are available to subscribers, with the same screen in the iOS and Android apps.
Open MTB in FundSpec