M&T Bank Corporation (MTB) Stock

M&T Bank Corporation (MTB) is a Financials stock trading at $238.23 (as of 2026-08-20), with a market capitalization of $34.40B and a trailing P/E of 11.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

M&T Bank Corporation is a bank holding company providing commercial and retail banking services through segments that include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking. It offers deposit products, lending and leasing, cash management, letters of credit, and related services to businesses, consumers, and other customers.

Understand M&T Bank Corporation: how it makes money

M&T Bank provides commercial and retail banking services, earning money from interest-based banking activity (captured by taxable equivalent net interest income) and fee-based services such as trust income and mortgage banking revenues.

The core profit engine is taxable equivalent net interest income (interest-based banking), supplemented by non-interest revenue streams like trust income and mortgage banking revenues.

Business quality (Solid): The business description is clear, but the provided segment revenue values do not reconcile to the latest reported total revenue (0.4B), so segment-level conclusions should be treated with caution.

Valuation: At 13× earnings, MTB trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Multi-service banking footprint: The bank offers deposit products, lending, cash management, letters of credit, and services for commercial customers, which can diversify sources of revenue (interest-based plus fee-based).
  • Non-interest lines show up in disclosed operating KPIs: Provided operating KPIs include trust income and mortgage banking revenues, indicating at least some contribution from fee and transaction-related business alongside net interest income.

Bear case

  • Earnings sensitivity to the net interest environment: Because taxable equivalent net interest income is a primary operating driver, results can be exposed to shifts that affect interest income and funding economics.
  • Limited segment reconciliation in the provided data: The supplied segment revenue candidates do not sum to the latest reported revenue (0.4B), making it harder to validate how much each business line is contributing.
Valuation — source: SEC EDGAR (first-party)
Price$238.23
Market Cap$34.40B
P/E Ratio11.3
EV / EBITDA8.3
Price / Book1.23
Price / Sales20.20
DCF Value (model)$248.33
DCF Upside vs Price4.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.66B
Net Margin172.1%
Revenue Growth (YoY)6.0%
EPS Growth (YoY)25.6%
Valuation vs Sector & Industry
Stock P/E11.3
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-25.1%
vs Industry-12.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.89B)
Institutional Holders Tracked10
Congressional Trades (recent)8
Company
SectorFinancials
IndustryBanking
CEORene F. Jones
Employees22,291
CountryUS
IPO Date1980-03-17

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MTB earnings history · MTB institutional & insider holders · MTB KPIs & operating metrics · MTB financials · MTB investor presentations & press releases · MTB SEC filings · MTB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.