M&T Bank (MTB) AI Stock Analysis

• Market Cap: $31.45B
• Dividend Yield: 2.77%
• Average Volume (3M): 853.27K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.82
• Revenue Growth: -0.81%
• EPS Growth: 20.34%
• Country: US
• Employees: 22,291
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 4.82
• Shares Outstanding: 153,690,780
• 10 Day Avg. Volume: 723,006
• 30 Day Avg. Volume: 853,271
• PEG Ratio: -1.68
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 2.33
• P/FCF Ratio: 9.22
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 3.76
• Enterprise Value/Gross Profit: 5.12
• Enterprise Value/Ebitda: 11.60
• 1Y Price Target: $219.32
• Price Target Upside: 6.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15
• EPS Forecast (FY): 16.81
• Revenue Forecast (FY): $9.69B

• Rating: 76 Outperform
• Price Target: $223.00 ▲(8.38% Upside)

M&T Bank's strong financial performance and attractive valuation are key strengths, supported by positive earnings call insights. Technical indicators suggest bullish momentum, though caution is advised due to potential overbought conditions.

Positive Factors

Strong Cash Flow Generation

Strong cash flow generation enhances M&T Bank's ability to invest in growth opportunities, pay dividends, and reduce debt, supporting long-term stability.

Improved Asset Quality

Improved asset quality reduces risk and potential losses, strengthening M&T Bank's financial health and enhancing its competitive position.

Strategic Expansion

Strategic expansion into new markets can drive revenue growth and enhance M&T Bank's market position, providing a durable competitive advantage.

Negative Factors

Declining Revenue Growth

Negative revenue growth indicates challenges in expanding business operations, which could impact long-term profitability and market competitiveness.

Rising Debt Levels

Increased leverage can strain financial flexibility and cash flow, potentially affecting M&T Bank's ability to invest in growth and manage economic downturns.

Decline in Average Deposits

A decline in deposits can limit M&T Bank's ability to fund loans and generate interest income, impacting its core banking operations and financial performance.

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 generates revenue through several key streams primarily related to its banking operations. The largest source of income comes from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The bank also earns non-interest income through fees for services such as account maintenance, ATM usage, and transaction services. Additionally, M&T Bank engages in investment banking, providing advisory services and capital market solutions to corporate clients, which contributes to its revenue. Significant partnerships with other financial institutions and businesses enhance its offerings and customer base, further supporting its earnings. Economic factors such as interest rates and loan demand, as well as regulatory changes, also influence the bank's financial performance.

M&T Bank Financial Statement Overview

Summary

M&T Bank demonstrates strong profitability and cash flow generation, with some concerns regarding revenue growth and increasing leverage. The company maintains efficient operations and a stable capital structure, but should focus on improving revenue growth and managing debt levels to enhance financial stability.

Income Statement

M&T Bank's income statement shows a strong gross profit margin of 73.5% for TTM, indicating efficient cost management. However, the net profit margin has slightly decreased to 22.5% from 24.8% in 2022, reflecting some pressure on profitability. Revenue growth has been negative at -6.65% for TTM, which is a concern, but the company has maintained stable EBIT and EBITDA margins around 29.3% and 32.4%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.52 for TTM, which is manageable but has increased from previous years, indicating a rise in leverage. Return on equity is healthy at 9.6%, though slightly down from 10.2% in 2023, suggesting effective use of shareholder funds. The equity ratio stands at 13.6%, showing a stable capital structure, but there's room for improvement in reducing debt levels.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth rate of 37.5% for TTM, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is low at 1.89%, suggesting potential volatility in cash flow relative to earnings. However, the free cash flow to net income ratio is solid at 94.7%, indicating efficient conversion of earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.32B	13.40B	12.51B	8.44B	6.08B	6.28B
Gross Profit	9.06B	8.62B	8.75B	7.50B	6.04B	5.15B
EBITDA	4.00B	3.82B	4.12B	3.05B	2.78B	2.09B
Net Income	2.77B	2.59B	2.74B	1.99B	1.86B	1.35B
Balance Sheet
Total Assets	211.28B	208.10B	208.26B	200.73B	155.11B	142.60B
Cash, Cash Equivalents and Short-Term Investments	37.95B	35.33B	40.35B	37.35B	47.22B	30.04B
Total Debt	14.99B	13.66B	13.52B	7.52B	3.53B	4.44B
Total Liabilities	182.55B	179.08B	181.31B	175.41B	137.20B	126.41B
Stockholders Equity	28.73B	29.03B	26.96B	25.32B	17.90B	16.19B
Cash Flow
Free Cash Flow	4.07B	3.39B	3.65B	4.36B	2.57B	616.90M
Operating Cash Flow	4.16B	3.61B	3.90B	4.57B	2.71B	789.19M
Investing Cash Flow	-1.24B	-550.00M	-7.87B	16.59B	-13.63B	-22.02B
Financing Cash Flow	-3.73B	-2.88B	4.18B	-20.98B	10.70B	21.35B

M&T Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 205.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 205.75 is above the 20-day moving average (MA) of 190.27, above the 50-day MA of 186.12, and above the 200-day MA of 183.17, indicating a bullish trend. The MACD of 4.57 indicates Negative momentum. The RSI at 78.21 is Negative, neither overbought nor oversold. The STOCH value of 92.32 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
HBAN	81 Outperform	$27.65B	12.34	10.37%	3.46%	5.73%	38.39%
RF	79 Outperform	$23.18B	11.63	11.43%	3.76%	4.00%	28.54%
MTB	76 Outperform	$31.45B	12.61	9.60%	2.77%	-0.81%	20.34%
CFG	75 Outperform	$24.03B	15.69	6.71%	2.95%	-3.93%	40.62%
FITB	71 Outperform	$29.87B	13.51	11.52%	3.12%	0.15%	11.62%
KEY	69 Neutral	$21.84B	24.66	5.82%	3.96%	3.86%	5473.29%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

M&T Bank Corporate Events

M&T Bank Highlights Strategic Focus in Investor Presentation

On December 9, 2025, M&T Bank Corporation released an investor presentation on its website, highlighting its strategic focus on expanding markets in New England and Long Island, optimizing resources, and enhancing risk management capabilities. The bank has received numerous accolades, including ‘Best Bank’ awards across various categories, and has consistently delivered profitability and growth, outperforming peers in key financial metrics.

M&T Bank Completes Series K Preferred Stock Offering

On October 29, 2025, M&T Bank Corporation filed a certificate of amendment with the New York State Department of State to establish the rights and preferences of a new series of preferred stock, the Perpetual 6.350% Non-Cumulative Preferred Stock, Series K. This move was part of an underwriting agreement with several major financial institutions, leading to the sale of 18,000,000 depositary shares. The Series K Preferred Stock, which ranks senior to common stock and equally with other preferred stocks, allows for noncumulative cash dividends and has specific voting rights. The public offering of these depositary shares was completed on October 31, 2025, marking a strategic financial maneuver for M&T Bank to strengthen its capital structure.

M&T Bank Highlights Strategic Priorities in Investor Presentation

On October 28, 2025, M&T Bank Corporation released an investor presentation highlighting its strategic priorities and achievements. The presentation emphasized M&T’s focus on expanding its market presence in New England and Long Island, optimizing resources, and enhancing risk management capabilities. M&T also showcased its consistent profitability and growth, outperforming peers in key financial metrics over the past two decades. The bank’s commitment to community banking and customer service was recognized with several awards, reinforcing its position as a trusted financial institution.

M&T Bank Reports Strong Q3 2025 Financial Results

On October 16, 2025, M&T Bank Corporation announced its third quarter 2025 financial results, reporting a net income of $792 million, or $4.82 per diluted share. The results indicate a strong financial performance with an increase in net interest income and noninterest income compared to previous quarters, reflecting positively on the company’s operational efficiency and market position.