profit from every $100 of sales.
$0$100
M&T Bank
$220.61-0.95% today
+17.2% in 1 year
1-year low $181.061-year high $254.09
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $11.10 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What M&T Bank sold, what it kept, and what it did with the cash.
Sales went from $8.01 billion in 2022 to $9.63 billion in 2025, with $2.85 billion of profit last year.
SalesProfit
M&T Bank handed back more cash to shareholders than it generated last year.
Buybacks $2.6B$1.0B
Free cash flow 2025$2.9B
Bought back its own shares$2.6B
Paid as dividends$1.0B
Cash vs. debt$18.8B vs. $13.0B
M&T Bank vs. similar companies
M&T Bank grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| M&T Bank | 11.1× · Cheap | ||
 China Merchants Bank | 7.8× · Cheap | ||
 DBS Group Holdings | 18.3× · Fair price | ||
 UniCredit | 11.6× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads M&T Bank's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 8,013 | 9,398 | 9,231 | 9,632 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 1,992 | 2,741 | 2,588 | 2,851 | |
| 11.53 | 15.79 | 14.64 | 17.00 | |
| – | – | – | – | |
| – | – | – | – | |
| 24.9% | 29.2% | 28.0% | 29.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 200,730 | 208,264 | 208,105 | 213,510 |
| Cash | 26,476 | 29,800 | 20,782 | 18,769 |
| Total debt | 7,165 | 13,201 | 13,605 | 13,011 |
| Total liabilities | 175,412 | 181,307 | 179,078 | 184,333 |
| 25,318 | 26,957 | 29,027 | 29,177 | |
| 164 | 167 | 167 | 159 | |
| 7.4% | 13.2% | – | – | |
| 7.9% | 10.2% | 8.9% | 9.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,574 | 3,905 | 3,610 | 3,003 | |
| 214 | 256 | 216 | 143 | |
| 4,360 | 3,649 | 3,394 | 2,860 | |
| Dividends paid | 881 | 968 | 1,033 | 1,045 |
| 1,800 | 594 | 746 | 2,631 | |
| 111 | 118 | 116 | 136 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 11.1×
- 11.8×
- 0.80
- 1.2×
- 3.3×
- 9.0%
- 3.3%
Profitability
- 29.6%
- 5.7%
- 6.9%
- –
- –
Growth
- +6.3%
- +13.8%
- +5.3%
- +6.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 42%of 851
Top 30%of 737
Top 34%of 866
Bottom 42%of 867
Top 31%of 926
What analysts expect
- Average price target
- $237.71
- Range
- $225.00 – $255.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 15, 2026 | 4.18 | 4.02 | +4.0% |
| Jan 16, 2026 | 4.67 | 4.48 | +4.2% |
| Oct 16, 2025 | 4.87 | 4.43 | +9.9% |
| Jul 16, 2025 | 4.28 | 3.99 | +7.3% |
| Apr 14, 2025 | 3.38 | 3.40 | −0.6% |
| Jan 16, 2025 | 3.92 | 3.75 | +4.5% |
| Oct 17, 2024 | 4.02 | 3.64 | +10.4% |
| Jul 18, 2024 | 3.73 | 3.50 | +6.6% |
3.3%of the share price, paid each year
On $1,000 invested$33a year at today's yield, before tax
+5.3%2020 to 2025
Raised9 yearsin a row, in our data
Paid per share, each year
$2.80 in 2015 → $5.70 in 2025
How safe it looks
36.7% of its profit
Room to growStretchedMore than it earns: 36.5%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
71Pass
Benjamin Graham
71Pass
Philip Fisher
70Pass
Peter Lynch
66Pass
Joel Greenblatt
21No pass
Charlie Munger
54No pass
Terry Smith
57No pass
Questions about M&T Bank
Is M&T Bank a good stock to buy?
A strong, very profitable business, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the M&T Bank AI analysis
What does M&T Bank do?
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. It is in Banks - Regional, based in Buffalo, NY, United States, with 21,866 employees.
Does M&T Bank pay a dividend?
Yes. At today's price the dividend is 3.3% a year, about 37% of its yearly profit. In 2025 it paid out $1.05 billion in dividends.
Is M&T Bank stock halal?
No. M&T Bank does not pass our halal screen: its main business, banking, is not permitted. How we check
How has M&T Bank stock done over the past year?
Up 17.2% over the past twelve months, to $220.61. It traded between $181.06 and $254.09 and is 13.2% below its high.
Who are M&T Bank's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with M&T Bank's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.