M&T Bank (MTB) AI Stock Analysis

• Market Cap: $28.99B
• Dividend Yield: 2.94%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.99
• Revenue Growth: 0.62%
• EPS Growth: 14.75%
• Country: US
• Employees: 22,291
• Sector: Financial
• Sector Strength: 67
• Industry: Banks - Regional
• EPS (TTM): 4.24
• Shares Outstanding: 156,269,290
• 10 Day Avg. Volume: 884,865
• 30 Day Avg. Volume: 1,092,764
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.58
• Enterprise Value/Revenue: 3.45
• Enterprise Value/Gross Profit: 5.22
• Enterprise Value/Ebitda: 11.69
• 1Y Price Target: $216.14
• Price Target Upside: 17.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 77 Outperform
• Price Target: $210.00 ▲(14.29% Upside)

M&T Bank's strong financial performance and earnings call insights lead the positive outlook. The bank's strategic initiatives and attractive valuation further support its position, while technical indicators suggest cautious short-term sentiment.

Positive Factors

Capital Return

MTB's improved stress test results support a significant amount of buybacks and a higher dividend, which should drive a higher valuation.

Financial Strength

MTB's excess capital position increased significantly, which indicates financial strength and stability.

Loan Growth

End-of-period loan growth was stronger than expected, and credit metrics were solid, leading to a lower provision.

Negative Factors

Guidance Update

The guidance update included a tweak to the low end of the NII range, indicating a need for improvement.

Net Interest Income

Net interest income (NII) came in softer than expected on a margin miss, which will likely be a focal point.

NII and NIM Performance

M&T surprised negatively on both NII and NIM in 2Q25.

M&T Bank Business Overview & Revenue Model

Company Description

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers 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. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

How the Company Makes Money

M&T Bank makes money primarily through interest income and non-interest income. Interest income is generated from the interest earned on loans and advances provided to customers, including personal loans, mortgages, and commercial loans. The bank also invests in securities and earns interest on these investments. Non-interest income is derived from fees and service charges related to deposit accounts, wealth management, and investment advisory services. Additionally, the company earns revenue from transaction fees, credit card fees, and other banking services. M&T Bank's earnings are also influenced by economic factors, interest rate environments, and regulatory conditions. Significant partnerships with financial service providers and technology platforms enhance its service offerings and contribute to its revenue streams.

M&T Bank Financial Statement Overview

Summary

M&T Bank exhibits a strong financial position with consistent profitability and effective cash flow management. Its balance sheet indicates a prudent approach to leverage, although the liabilities require close monitoring. The company demonstrates resilience in maintaining stable margins and generating cash, positioning it well for future growth opportunities.

Income Statement

M&T Bank shows strong profitability with a consistent gross profit margin above 60% over the years. The TTM (Trailing-Twelve-Months) data indicates a gross profit margin of 66% and a net profit margin of 19.89%, reflecting solid cost management and profitability. However, revenue growth has been volatile, with a significant spike in 2023, which was not sustained in 2024. EBIT and EBITDA margins remain robust, suggesting efficient operations.

Balance Sheet

The balance sheet reveals a solid equity base with a debt-to-equity ratio of 0.42 in the TTM, indicating manageable leverage. The equity ratio stands at 13.78%, reflecting a sound financial structure. Return on equity is strong at 9.11%, demonstrating effective use of equity to generate profits. However, the total liabilities present a potential risk if not managed well.

Cash Flow

The cash flow statement highlights healthy free cash flow generation, with a TTM free cash flow growth rate of 1.09%. The operating cash flow to net income ratio is 1.38, indicating efficient cash generation from operations. The free cash flow to net income ratio is also favorable at 1.30, supporting the bank's capacity to reinvest and manage its capital expenditures without relying heavily on debt.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.40B	12.51B	8.44B	6.08B	6.28B
Gross Profit	8.62B	8.75B	7.50B	6.04B	5.15B
EBITDA	3.82B	4.12B	3.05B	2.78B	2.09B
Net Income	2.59B	2.74B	1.99B	1.86B	1.35B
Balance Sheet
Total Assets	208.10B	208.26B	200.73B	155.11B	142.60B
Cash, Cash Equivalents and Short-Term Investments	35.33B	40.35B	37.35B	47.22B	30.04B
Total Debt	13.66B	13.52B	7.52B	3.53B	4.44B
Total Liabilities	179.08B	181.31B	175.41B	137.20B	126.41B
Stockholders Equity	29.03B	26.96B	25.32B	17.90B	16.19B
Cash Flow
Free Cash Flow	3.39B	3.65B	4.36B	2.57B	616.90M
Operating Cash Flow	3.61B	3.90B	4.57B	2.71B	789.19M
Investing Cash Flow	-550.00M	-7.87B	16.59B	-13.63B	-22.02B
Financing Cash Flow	-2.88B	4.18B	-20.98B	10.70B	21.35B

M&T Bank Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 183.74
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTB, the sentiment is Negative. The current price of 183.74 is below the 20-day moving average (MA) of 193.06, below the 50-day MA of 190.21, and below the 200-day MA of 187.88, indicating a bearish trend. The MACD of -1.81 indicates Positive momentum. The RSI at 35.62 is Neutral, neither overbought nor oversold. The STOCH value of 22.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MTB.

M&T Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FITB	78 Outperform	$27.59B	12.87	11.58%	3.59%	2.08%	2.87%
RF	77 Outperform	$22.25B	11.62	11.59%	4.06%	2.83%	20.85%
CFG	77 Outperform	$20.24B	14.31	6.48%	3.60%	-4.07%	25.31%
MTB	77 Outperform	$28.99B	12.02	9.47%	2.94%	0.62%	14.75%
HBAN	73 Outperform	$23.51B	11.94	10.43%	3.91%	5.28%	28.03%
KEY	70 Outperform	$19.18B	1,663.64	1.02%	4.71%	-12.21%	-108.48%
Sector *	67 Neutral	$17.02B	11.60	9.79%	3.95%	10.61%	2.06%

M&T Bank Corporate Events

M&T Bank Closes $750M Subordinated Notes Offering

On July 30, 2025, M&T Bank Corporation successfully closed a public offering of $750 million in 5.400% Fixed Rate Reset Subordinated Notes, Series B, due in 2035. This move is part of M&T’s strategic financial operations, potentially impacting its market positioning and offering opportunities for stakeholders.

The most recent analyst rating on (MTB) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on M&T Bank stock, see the MTB Stock Forecast page.

M&T Bank Reports Strong Q2 2025 Financial Results

On July 16, 2025, M&T Bank Corporation announced its second quarter 2025 financial results, reporting a net income of $716 million, equating to $4.24 per diluted share. This performance reflects a notable improvement from the previous quarter, driven by increased taxable-equivalent net interest income and favorable asset repricing, which positively impacts the company’s financial standing and shareholder value.

The most recent analyst rating on (MTB) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on M&T Bank stock, see the MTB Stock Forecast page.

M&T Bank Closes $750M Senior Notes Offering

On June 17, 2025, M&T Bank Corporation successfully closed a public offering of $750 million in Senior Medium-Term Notes with a fixed/floating rate due in 2031. This move is part of M&T’s strategic financial management, potentially enhancing its liquidity and market positioning.

The most recent analyst rating on (MTB) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on M&T Bank stock, see the MTB Stock Forecast page.

M&T Bank Highlights Strategic Priorities in Presentation

On June 10, 2025, M&T Bank Corporation released an investor presentation on its website, highlighting its strategic priorities and financial performance. The presentation emphasized M&T’s consistent profitability and growth compared to peers, with a focus on optimizing resources, enhancing risk management capabilities, and expanding in specific markets. The bank’s performance metrics, such as net interest margin and efficiency ratio, demonstrated a competitive advantage, contributing to its strong industry positioning.

The most recent analyst rating on (MTB) stock is a Buy with a $210.00 price target. To see the full list of analyst forecasts on M&T Bank stock, see the MTB Stock Forecast page.

M&T Bank Highlights Strategic Priorities in Investor Presentation

On May 6, 2025, M&T Bank Corporation released an investor presentation on its website, highlighting its financial performance and strategic priorities. The presentation emphasized M&T’s commitment to community banking, its strong balance sheet, and superior profitability compared to peers. The bank aims to expand in New England and Long Island, optimize resources, and enhance risk management capabilities, which could impact its market positioning and stakeholder value.