Is M&T Bank (MTB) overvalued or fairly valued?

MarketChacha shows M&T Bank's valuation in context — a trailing P/E of about 13.0, a forward P/E of about 11.4, a price-to-book of about 1.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does M&T Bank's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.29×) from reported figures — education, not a rating.

What is M&T Bank's revenue?

M&T Bank reported revenue of $1.7B for FY2025, with net profit of $2.9B, per official filings.

What is the share price of M&T Bank (MTB)?

M&T Bank last traded at $240.06 (+0.0% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

M&T Bank

MTB · NYSE · Financials · United States

Snapshot

TickerMTB

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees21,662

HeadquartersBuffalo, United States

Websitewww.mtb.com

Filings tracked21

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, deposit products, cash management services, commercial real estate loans, and credit facilities secured by various commercial real estate properties to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, direct deposit, and merchant credit card services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, and administrative services; personal trust, planning and advisory, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

Who owns it

Insiders0.3%
Institutions92.5%
Public & other7.2%

1,508 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.90%
FMR, LLC8.60%
Wellington Management Group, LLP6.79%
Vanguard Capital Management LLC6.62%
State Street Corporation4.93%
Vanguard Portfolio Management LLC4.90%
Geode Capital Management, LLC3.01%
State Farm Mutual Automobile Insurance Co2.85%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 12.6 points over the period — profitability is trending down.

Cash conversion1.29×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend184.7% → 172.1%

Margin has compressed by about 12.6 points over the period — profitability is trending down.

Growth qualityrev 6% · PAT 2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.5B · EPS 4.96

Est. earnings growth +6.1%

Next fiscal year

Rev $10.4B · EPS 21.07

Est. earnings growth +9.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.7B

Net margin

172.1%

ROE

9.8%

Revenue CAGR (2y)

+5.7%

Profit CAGR (2y)

+2.0%

EPS (FY2025)

17.00

Net profit (FY2025)

$2.9B

Ask MarketChacha about MTB

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.7B	$2.9B	17.00	172.1%	9.8%
FY2024	$1.5B	$2.6B	14.64	167.9%	8.9%
FY2023	$1.5B	$2.7B	15.79	184.7%	10.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$442.0M	$818.0M	5.32	185.1%
2026Q1	$418.0M	$664.0M	4.13	158.9%
2025Q3	$423.0M	$792.0M	4.82	187.2%
2025Q2	$417.0M	$716.0M	4.24	171.7%
2025Q1	$397.0M	$584.0M	3.32	147.1%
2024Q3	$394.0M	$721.0M	4.02	183.0%
2024Q2	$388.0M	$655.0M	3.73	168.8%
2024Q1	$367.0M	$531.0M	3.02	144.7%
2023Q3	$360.0M	$690.0M	3.98	191.7%
2023Q2	$376.0M	$867.0M	5.05	230.6%
2023Q1	—	$702.0M	4.01	—

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Security holder rights, Bylaw/charter change, Other events, Exhibits
SEC7/21/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/15/2026material
8-K — Executive/director change, Exhibits
SEC6/16/2026material
10-Q filing
SEC5/5/2026
8-K — Reg FD disclosure, Exhibits
SEC5/1/2026material
8-K — Shareholder vote results
SEC4/23/2026material
8-K — Other events, Exhibits
SEC4/20/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/15/2026material
8-K — Other events, Exhibits
SEC3/30/2026material
10-K filing
SEC2/18/2026
8-K — Reg FD disclosure, Exhibits
SEC2/11/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC1/16/2026material

2025

8-K — Reg FD disclosure, Exhibits
SEC12/9/2025material
8-K — Security holder rights, Bylaw/charter change, Other events, Exhibits
SEC10/31/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/28/2025material
10-Q filing
SEC10/27/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/16/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/9/2025material
10-Q filing
SEC8/4/2025
8-K — Other events, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.