M&T Bank (MTB)
NYSE:MTB
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M&T Bank
(NYSE:MTB)
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Rating:69Neutral
Price Target:
$220.00
â–²(3.76% Upside)
Action:DowngradedDate:03/31/26
MTB’s score is driven primarily by solid underlying profitability and a constructive 2026 outlook (NII, fee income, and returns), supported by reasonable valuation and ongoing capital returns. The main constraint is weaker technical momentum and near-term headwinds flagged on the call, including higher charge-offs and some margin/yield pressure.
Positive Factors
Profitability & Returns
Sustained, above-peer profitability and explicit ROTCE targets indicate durable earnings power. Strong net income and record EPS create internal capital to fund growth, dividends and buybacks, supporting long-term return generation and strategic flexibility across economic cycles.
Negative Factors
Top-line Weakness
A material revenue decline and uneven growth pattern suggest structural pressure on growth engines. If top-line momentum does not recover, it limits operating leverage, constrains margin expansion opportunities, and forces heavier reliance on capital returns or expense cuts to sustain EPS growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Returns
Sustained, above-peer profitability and explicit ROTCE targets indicate durable earnings power. Strong net income and record EPS create internal capital to fund growth, dividends and buybacks, supporting long-term return generation and strategic flexibility across economic cycles.
Read all positive factors
M&T Bank (MTB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.59B
Dividend Yield2.76%
Average Volume (3M)1.27M
Price to Earnings (P/E)11.5
Beta (1Y)0.88
Revenue Growth-0.81%
EPS Growth20.34%
CountryUS
Employees22,291
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.67
Shares Outstanding149,000,260
10 Day Avg. Volume1,253,684
30 Day Avg. Volume1,271,409
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.13
Price to Sales (P/S)2.67
P/FCF Ratio11.50
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue2.10
Enterprise Value/Gross Profit2.82
Enterprise Value/Ebitda6.54
Forecast
1Y Price Target
$232.63Price Target Upside9.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)18.79
Revenue Forecast (FY)$9.99B
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 pro...
How the Company Makes Money
M&T Bank primarily earns revenue from (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on loans and other interest-earning assets (including investment securities and inte...
M&T Bank Earnings Call Summary
Earnings Call Date:Jan 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 15, 2026
Earnings Call Sentiment Positive
The call presents a largely positive picture driven by record full-year earnings, strong fee growth, improved asset quality, robust liquidity and active capital returns (dividend increase and substantial buybacks). There are near-term headwinds reflected in Q4 sequential declines in earnings and non-interest income, a rise in quarterly net charge-offs, a modest CET1 decline due to repurchases, and some margin/yield pressure from lower variable rates. Management’s constructive 2026 guidance (NII, loan and deposit growth, fee income, controlled expenses) and capital flexibility support an optimistic medium‑term outlook.Positive Updates
Record Full-Year Earnings and Returns
Full-year 2025 net income of $2.85 billion and record EPS of $17; maintained top-quartile return on tangible assets (>1.4%) and strong ROTCE (management expects ~16% in 2026 with a target of 17% by 2027).
Negative Updates
Sequential Quarterly Earnings Decline
Q4 diluted GAAP EPS was $4.67, down from $4.80 in prior quarter (≈ -2.7%). Q4 net income was $759 million vs. $792 million in the linked quarter (≈ -4.2%). Diluted net operating EPS fell to $4.72 from $4.87 (≈ -3.1%).
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Earnings and Returns
Full-year 2025 net income of $2.85 billion and record EPS of $17; maintained top-quartile return on tangible assets (>1.4%) and strong ROTCE (management expects ~16% in 2026 with a target of 17% by 2027).
Read all positive updates
Company Guidance
M&T guided 2026 taxable-equivalent net interest income of $7.2735 billion with a net interest margin in the low-3.70% range (assuming ~50 bps of rate cuts and a low‑50s deposit beta), full-year average loans of $140–142 billion and average deposits of $165–167 billion; noninterest income of $2.675–2.775 billion; noninterest expense (including intangible amortization) of $5.5–5.6 billion (inc. a ~$110M Q1 salary/benefit increase and ~$31M intangible amortization); charge-offs near 40 bps; a taxable-equivalent tax rate ~24–25% (~24.5%); an operating CET1 target of ~10.25–10.50% (the MSR fair‑value election adds $197M or ~8 bps to CET1); management expects ROTCE around 16% in 2026 (target ~17% by 2027) and roughly 150 bps of positive operating leverage.M&T Bank Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.31B | 13.40B | 12.51B | 8.44B | 6.08B |
| Gross Profit | 9.19B | 8.62B | 8.75B | 7.50B | 6.04B |
| EBITDA | 3.96B | 3.82B | 4.12B | 3.05B | 2.78B |
| Net Income | 2.85B | 2.59B | 2.74B | 1.99B | 1.86B |
Balance Sheet | |||||
| Total Assets | 213.51B | 208.10B | 208.26B | 200.73B | 155.11B |
| Cash, Cash Equivalents and Short-Term Investments | 55.42B | 35.33B | 40.35B | 37.35B | 47.22B |
| Total Debt | 13.06B | 13.66B | 13.52B | 7.52B | 3.53B |
| Total Liabilities | 184.33B | 179.08B | 181.31B | 175.41B | 137.20B |
| Stockholders Equity | 29.18B | 29.03B | 26.96B | 25.32B | 17.90B |
Cash Flow | |||||
| Free Cash Flow | 2.86B | 3.39B | 3.65B | 4.36B | 2.57B |
| Operating Cash Flow | 3.00B | 3.61B | 3.90B | 4.57B | 2.71B |
| Investing Cash Flow | -6.82B | -550.00M | -7.87B | 16.59B | -13.63B |
| Financing Cash Flow | 1.80B | -2.88B | 4.18B | -20.98B | 10.70B |
M&T Bank Technical Analysis
Positive
212.02
Price Trends
215.24
Negative
206.53
Positive
197.71
Positive
Market Momentum
-2.08
Negative
54.21
Neutral
90.25
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 212.02 is above the 20-day moving average (MA) of 202.68, below the 50-day MA of 215.24, and above the 200-day MA of 197.71, indicating a neutral trend. The MACD of -2.08 indicates Negative momentum. The RSI at 54.21 is Neutral, neither overbought nor oversold. The STOCH value of 90.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTB.
M&T Bank Risk Analysis
M&T Bank disclosed 32 risk factors in its most recent earnings report. M&T Bank reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
M&T Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $23.09B | 11.00 | 11.45% | 3.74% | 4.00% | 28.54% | |
69 Neutral | $31.59B | 11.54 | 9.88% | 2.76% | -0.81% | 20.34% | |
69 Neutral | $32.35B | 11.61 | 10.06% | 3.50% | 5.73% | 38.39% | |
69 Neutral | $26.10B | 11.93 | 7.16% | 2.89% | -3.93% | 40.62% | |
68 Neutral | $42.48B | 12.33 | 11.96% | 3.14% | 0.15% | 11.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $22.51B | 11.08 | 9.26% | 3.90% | 3.86% | 5473.29% |
* Financial Sector Average
MTB
M&T Bank
212.02
58.99
38.55%
FITB
Fifth Third Bancorp
47.56
14.67
44.60%
HBAN
Huntington Bancshares
15.94
3.70
30.24%
KEY
KeyCorp
20.66
7.74
59.93%
RF
Regions Financial
26.74
8.82
49.22%
CFG
Citizens Financial
61.41
27.80
82.71%
M&T Bank Corporate Events
Business Operations and StrategyStock Buyback
M&T Bank Announces Expanded $5 Billion Share Repurchase
Positive
Mar 30, 2026
On March 30, 2026, MT Bank Corporation announced that its board authorized a new share repurchase program of up to $5.0 billion of its common stock, to be executed on the open market or through privately negotiated transactions at the company̵...
Business Operations and StrategyFinancial Disclosures
M&T Bank Highlights 2026 Growth Priorities and Strategy
Positive
Feb 11, 2026
On February 11, 2026, MT Bank Corporation made available on its website an investor presentation for use in discussions with analysts and shareholders, outlining its first-quarter 2026 investor update and enterprise priorities. The materials highl...
Business Operations and StrategyFinancial Disclosures
M&T Bank Reports Strong Fourth-Quarter and Full-Year 2025 Results
Positive
Jan 16, 2026
On January 16, 2026, MT Bank Corporation reported fourth-quarter 2025 net income of $759 million, equivalent to diluted earnings of $4.67 per common share, and full-year 2025 net income of $2.85 billion, or $17.00 per diluted share, reflecting imp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.