M&T Bank (MTB) AI Stock Analysis

• Market Cap: $31.11B
• Dividend Yield: 2.79%
• Average Volume (3M): 1.13M
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.97
• Revenue Growth: 1.20%
• EPS Growth: 1.12%
• Country: US
• Employees: 22,291
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 3.32
• Shares Outstanding: 160,516,040
• 10 Day Avg. Volume: 1,369,616
• 30 Day Avg. Volume: 1,133,293
• PEG Ratio: 5.84
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.66
• Enterprise Value/Market Cap: 0.61
• Enterprise Value/Revenue: 0.36
• Enterprise Value/Gross Profit: 2.17
• Enterprise Value/Ebitda: 1.28
• 1Y Price Target: $203.28
• Price Target Upside: 4.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16

• Rating: 77 Outperform
• Price Target: $206.00 ▲(6.31%Upside)

M&T Bank's strong financial performance and reasonable valuation are the most significant factors driving the stock score. Technical analysis suggests a neutral stance, while earnings call and corporate events provide additional support. The bank's stable profitability, strategic initiatives, and commitment to shareholder value contribute positively, although challenges in earnings and net interest income temper the outlook.

Positive Factors

Buybacks

Buybacks accelerated substantially, exceeding both the analyst's estimate and consensus, suggesting strong capital return to shareholders.

Capital Requirements

M&T's capital requirement is expected to come down, which supports elevated buybacks in the future.

Credit Metrics

Criticized loans declined significantly, driven by a substantial decrease in CRE criticized loans, indicating improved loan quality.

Negative Factors

Consumer Loan Volume

There is a risk that consumer loan volume improvement could be temporary as consumers rush purchases before potential price increases from tariffs.

Earnings Performance

MTB reported earnings per share of $3.32, which missed the forecast and consensus estimates.

Net Interest Income

MTB lowered its 2025 net interest income guidance, owing to lower average loan and deposit outlooks.

M&T Bank Business Overview & Revenue Model

Company Description

M&T Bank Corporation (MTB) is a financial holding company headquartered in Buffalo, New York. It operates primarily in the banking sector, providing a range of financial services and products to individuals, businesses, and institutions. M&T Bank offers personal and commercial banking services, including checking and savings accounts, loans, mortgages, credit cards, and wealth management services. The company has a strong regional presence, with a network of branches and ATMs spread across several states in the Eastern United States.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.28B	13.40B	12.51B	8.44B	6.08B	6.28B
Gross Profit	8.76B	8.62B	8.75B	7.50B	6.04B	5.15B
EBITDA	3.92B	3.82B	4.12B	3.05B	2.78B	2.09B
Net Income	2.64B	2.59B	2.74B	1.99B	1.86B	1.35B
Balance Sheet
Total Assets	210.32B	208.10B	208.26B	200.73B	155.11B	142.60B
Cash, Cash Equivalents and Short-Term Investments	38.80B	35.33B	40.35B	37.35B	47.22B	30.04B
Total Debt	12.07B	13.66B	13.52B	7.52B	3.53B	4.44B
Total Liabilities	181.33B	179.08B	181.31B	175.41B	137.20B	126.41B
Stockholders Equity	28.99B	29.03B	26.96B	25.32B	17.90B	16.19B
Cash Flow
Free Cash Flow	3.43B	3.39B	3.65B	4.36B	2.57B	616.90M
Operating Cash Flow	3.64B	3.61B	3.90B	4.57B	2.71B	789.19M
Investing Cash Flow	4.40B	-550.00M	-7.87B	16.59B	-13.63B	-22.02B
Financing Cash Flow	-7.62B	-2.88B	4.18B	-20.98B	10.70B	21.35B

M&T Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 193.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTB, the sentiment is Positive. The current price of 193.78 is above the 20-day moving average (MA) of 184.39, above the 50-day MA of 178.25, and above the 200-day MA of 184.85, indicating a bullish trend. The MACD of 3.45 indicates Negative momentum. The RSI at 67.84 is Neutral, neither overbought nor oversold. The STOCH value of 93.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTB.

M&T Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FITB	80 Outperform	$27.71B	13.18	11.71%	3.57%	5.75%	0.68%
HBAN	79 Outperform	$24.18B	12.80	10.30%	3.72%	7.55%	17.46%
MTB	77 Outperform	$31.11B	12.98	9.39%	2.79%	1.20%	1.12%
RF	75 Outperform	$20.99B	11.27	11.33%	4.28%	1.05%	12.14%
CFG	72 Outperform	$19.27B	14.15	6.37%	3.78%	-2.37%	13.92%
Sector *	67 Neutral	$16.66B	11.44	9.71%	3.92%	11.61%	-10.70%
KEY	67 Neutral	$18.87B	1,663.64	0.14%	4.78%	-12.50%	-120.77%

M&T Bank Corporate Events

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.

M&T Bank Reports Strong Q1 2025 Financial Results

On April 14, 2025, M&T Bank Corporation announced its first quarter 2025 financial results, reporting a net income of $584 million and diluted earnings per common share of $3.32. The bank experienced a slight decrease in net interest income compared to the previous quarter, yet saw an improvement in its net interest margin to 3.66%. Despite a decline in noninterest income and an increase in noninterest expenses, M&T Bank maintained a strong return on average assets and equity, indicating stable financial performance and resilience in its operations.