MTB Stock - M&T Bank Corporation
Unlock GoAI Insights for MTB
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $13.40B | $12.51B | $8.44B | $6.08B | $6.28B |
| Gross Profit | $8.62B | $8.75B | $7.50B | $6.04B | $5.15B |
| Gross Margin | 64.3% | 70.0% | 88.8% | 99.4% | 82.1% |
| Operating Income | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B |
| Net Income | $2.59B | $2.74B | $1.99B | $1.86B | $1.35B |
| Net Margin | 19.3% | 21.9% | 23.6% | 30.6% | 21.5% |
| EPS | $14.71 | $15.85 | $11.59 | $13.81 | $9.94 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 7th 2026 | Wolfe Research | Downgrade | Peer Perform | - |
| January 7th 2026 | BofA Securities | Downgrade | Neutral | $225 |
| December 12th 2025 | Truist | Downgrade | Hold | $217 |
| October 6th 2025 | Piper Sandler | Resumed | Overweight | $225 |
| September 29th 2025 | Morgan Stanley | Downgrade | Equal Weight | $251 |
| September 10th 2025 | Cantor Fitzgerald | Initiation | Overweight | $228 |
| May 21st 2025 | Jefferies | Initiation | Buy | $225 |
| May 15th 2025 | TD Cowen | Initiation | Buy | $230 |
| April 24th 2025 | Deutsche Bank | Upgrade | Buy | $210 |
| December 4th 2024 | JP Morgan | Downgrade | Neutral | $223.5← $215 |
| November 25th 2024 | Citigroup | Downgrade | Neutral | $230← $220 |
| October 4th 2024 | Wolfe Research | Upgrade | Outperform | $210 |
| October 2nd 2024 | Evercore ISI | Upgrade | Outperform | $210← $187 |
| September 3rd 2024 | JP Morgan | Upgrade | Overweight | $215← $183 |
| August 15th 2024 | Wells Fargo | Downgrade | Underweight | $165← $170 |
Earnings History & Surprises
MTBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2027 | Jan 19, 2027 | — | — | — | — |
Q4 2026 | Oct 16, 2026 | — | — | — | — |
Q3 2026 | Jul 15, 2026 | — | — | — | — |
Q2 2026 | Apr 15, 2026 | — | — | — | — |
Q1 2026 | Jan 16, 2026 | $4.44 | — | — | — |
Q4 2025 | Oct 16, 2025 | $4.43 | $4.87 | +9.9% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $3.99 | $4.28 | +7.3% | ✓ BEAT |
Q2 2025 | Apr 14, 2025 | $3.40 | $3.38 | -0.6% | ✗ MISS |
Q1 2025 | Jan 16, 2025 | $3.75 | $3.92 | +4.5% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $3.64 | $4.02 | +10.4% | ✓ BEAT |
Q3 2024 | Jul 18, 2024 | $3.50 | $3.73 | +6.6% | ✓ BEAT |
Q2 2024 | Apr 15, 2024 | $3.08 | $3.86 | +25.3% | ✓ BEAT |
Q1 2024 | Jan 18, 2024 | $3.67 | $2.81 | -23.4% | ✗ MISS |
Q4 2023 | Oct 18, 2023 | $3.93 | $3.98 | +1.3% | ✓ BEAT |
Q3 2023 | Jul 19, 2023 | $4.04 | $5.05 | +25.0% | ✓ BEAT |
Q2 2023 | Apr 17, 2023 | $3.99 | $4.01 | +0.5% | ✓ BEAT |
Q1 2023 | Jan 19, 2023 | $4.30 | $4.29 | -0.2% | ✗ MISS |
Q4 2022 | Oct 19, 2022 | $4.04 | $3.53 | -12.6% | ✗ MISS |
Q3 2022 | Jul 20, 2022 | $3.10 | $3.10 | 0.0% | = MET |
Q2 2022 | Apr 20, 2022 | $2.19 | $2.62 | +19.6% | ✓ BEAT |
Latest News
TD Cowen Maintains Buy on M&T Bank, Raises Price Target to $250
📈 PositiveWolfe Research Downgrades M&T Bank to Peer Perform
📉 NegativeB of A Securities Downgrades M&T Bank to Neutral, Maintains Price Target to $225
➖ NeutralEvercore ISI Group Downgrades M&T Bank to In-Line, Raises Price Target to $225
➖ NeutralBarclays Maintains Equal-Weight on M&T Bank, Raises Price Target to $236
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on M&T Bank, Raises Price Target to $230
➖ NeutralTruist Securities Downgrades M&T Bank to Hold, Maintains Price Target to $217
➖ NeutralShares of stocks in the broader financial sector are trading higher amid overall market strength following the Fed's rate cut announcement.
📈 PositiveShares of banks and financial services stocks are trading higher after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term. This has lifted overall market sentiment.
📈 PositiveTD Cowen Maintains Buy on M&T Bank, Raises Price Target to $245
📈 PositiveTruist Securities Maintains Buy on M&T Bank, Lowers Price Target to $217
📈 PositiveM&T Bank Q3 Adj. EPS $4.87 Beats $4.42 Estimate, Sales $2.513B Beat $2.443B Estimate
📈 PositiveUBS Maintains Neutral on M&T Bank, Raises Price Target to $208
➖ NeutralPiper Sandler Assumes M&T Bank at Overweight, Announces Price Target of $225
📈 PositiveEvercore ISI Group Maintains Outperform on M&T Bank, Raises Price Target to $225
📈 PositiveCantor Fitzgerald Initiates Coverage On M&T Bank with Overweight Rating, Announces Price Target of $228
📈 PositiveJefferies Maintains Buy on M&T Bank, Raises Price Target to $240
📈 PositiveShares of banking and broader financial services stocks are trading higher amid overall market strength after Fed Chair Powell said restrictive policy and shifting risks may warrant adjusting the Fed's stance.
📈 PositiveM&T Bank Corporation Increases Its Quarterly Dividend From $1.35 To $1.50
📈 PositiveFrequently Asked Questions about MTB
What is MTB's current stock price?
What is the analyst price target for MTB?
What sector is M&T Bank Corporation in?
What is MTB's market cap?
Does MTB pay dividends?
Similar Stocks
Financial Services SectorExplore stocks similar to MTB for comparison