M&T Bank (MTB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

M&T Bank

NYSE•Financial Services•Banks - Regional

$226.36+0.35(<0.01%)After hours

Market Cap

$32.85B

P/E

10.8x

P/S

5.0x

P/B

1.2x

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.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability23/25

Growth17/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsLow leverageCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.8x5y range 6.9x – 18.8x

Currently near its 20-quarter median.

P/S · 5.0x5y range 3.1x – 7.3x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.8x – 1.2x

Price & Volume

Market Cap $32.85B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.57B
Q. Revenue: $1.67B
TTM EBITDA: $3.92B
TTM Op. Income: $3.92B
Q. Op. Income: $1.06B
TTM Net Income: $3.03B
Q. Net Income: $818.00M
EPS: $5.35
Shares Out.: $145.89M

$6.57B in TTM revenue grew 3.6% YoY, reaching $1.67B last quarter. TTM EBITDA of $3.92B and TTM operating income of $3.92B show growth is flowing through to the bottom line. TTM net income of $3.03B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 63.6%
Op. Margin: 63.6%
Net Margin: 48.9%

Op. margin of 63.6% is up 4.7% YoY — cost efficiency is improving. Net margin at 48.9% Over the past year, operating margin is up 8% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.8x
P/S Ratio: 5.0x
P/B Ratio: 1.2x

At 10.8x P/E, the stock trades below typical market levels. P/S of 5.0x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 5% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $219.26B
Cash: $17.44B
Long-Term Debt: $13.57B
Book Value: $27.95B
D/E Ratio: 0.5
Debt/EBITDA: 12.8

With $219.26B in assets and $13.57B in long-term debt, D/E is 0.5and book value is $27.95B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.27B
TTM Free Cash Flow: $3.80B
FCF Margin: 57.9%
FCF / Net Income: 1.3

TTM FCF of $3.80B on $1.27B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.