Stock AnalizM&T Bank Corp. MTB
Major Banks · data as of November 13, 2026
M&T Bank Corp. (MTB) is a financial company listed in the US with a market value of about $31.7B. In the twelve months to September 30, 2026 it had revenue of $10.0B and net income of $2.9B, a net margin of 28.6%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (5/5); the weakest is future growth (1/5).
Key numbers: a P/E of 11.5, a price to free cash flow of 8.3, 5-year revenue growth of 10% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 13% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Profit margin improving
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year average ROIC above 12%
- ROE above 15%
- Interest covered more than 5 times
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.0B | $9.7B | $9.3B | $9.6B | $8.2B | $6.0B | $6.0B | $6.2B | $5.9B | $5.6B | $5.3B |
| Net income | $2.9B | $2.9B | $2.6B | $2.7B | $2.0B | $1.9B | $1.4B | $1.9B | $1.9B | $1.4B | $1.3B |
| Free cash flow | $3.8B | $2.9B | $3.4B | $3.6B | $4.4B | $2.6B | $617M | $2.2B | $2.0B | $2.7B | $1.1B |
| EPS (diluted) | $19.15 | $17.00 | $14.64 | $15.79 | $11.53 | $13.80 | $9.94 | $13.75 | $12.74 | $8.70 | $7.78 |
| Net margin | 28.6% | 29.4% | 27.9% | 28.4% | 24.4% | 31.0% | 22.7% | 31.2% | 32.4% | 25.0% | 24.8% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $245.93, 11% above the current price; targets range from $198.00 to $294.00; the consensus rating is “Hold”; expected EPS is $19.46 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is M&T Bank’s P/E ratio?
About 11.5, based on the last twelve months of diluted earnings per share (forward P/E about 11.0).
Is M&T Bank stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 13% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does M&T Bank pay a dividend?
Yes. The dividend yield is about 2.72%, and it has paid dividends for 10 years in our data.
Is M&T Bank a good stock to buy?
We do not give buy or sell advice. M&T Bank scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.