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Overview

M&T BANK CORP

MTBNYSEFinancialsState Commercial BanksCIK 0000036270Large-cap benchmark

Latest 10-K: FY2025, filed Feb 18, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$1.66B
7.5%YoYup from FY2024
TotalRevenue
Gross profit
Not reported
Net income
$2.85B
10.2%YoYup from FY2024
NetIncome
Diluted EPS
$17.00
16.1%YoYup from FY2024
EPSDiluted
Diluted shares
158.8M
5.1%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • M&T BANK CORP reported revenue of $1.66B for fiscal 2025, up 7.5% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.

Profitability

  • Net margin was 172.1%, against a median of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $17.00, up 16.1% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$1.66B7.5%up
Benchmark median 6.4%
$1.54B3.8%up
Benchmark median 4.5%
$1.48B2.7%down
Benchmark median 4.8%
$1.52B74.5%down
Benchmark median 10.3%
$5.99B0.6%up
Benchmark median 13.8%
-27.5%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
—
—
—
—
—
—
Benchmark median 6.2%
Operating Income
Median of 373 / 498
—
—
—
—
—
—
Benchmark median 7.2%
Net Income
$2.85B10.2%up
Benchmark median 4.8%
$2.59B5.6%down
Benchmark median 5.7%
$2.74B37.6%up
Benchmark median 1.9%
$1.99B7.2%up
Benchmark median 1.3%
$1.86B37.4%up
Benchmark median 33.9%
11.3%
Benchmark median 4.1%
EPS (Diluted)
$17.0016.1%up
Benchmark median 6.2%
$14.647.3%down
Benchmark median 7.9%
$15.7936.9%up
Benchmark median 1.9%
$11.5316.4%down
Benchmark median 1.5%
$13.8038.8%up
Benchmark median 34.8%
5.4%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$213.51B2.6%up
Benchmark median 5.6%
$208.10B0.1%down
Benchmark median 3.4%
$208.26B3.8%up
Benchmark median 4.1%
$200.73B29.4%up
Benchmark median 2.2%
$155.11B8.8%up
Benchmark median 6.7%
8.3%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$184.33B2.9%up
Benchmark median 6.4%
$179.08B1.2%down
Benchmark median 1.9%
$181.31B3.4%up
Benchmark median 2.9%
$175.41B27.8%up
Benchmark median 2.0%
$137.20B8.5%up
Benchmark median 5.2%
7.7%
Benchmark median 4.4%
Stockholders' Equity
$29.18B0.5%up
Benchmark median 6.8%
$29.03B7.7%up
Benchmark median 5.4%
$26.96B6.5%up
Benchmark median 7.3%
$25.32B41.4%up
Benchmark median 2.5%
$17.90B10.6%up
Benchmark median 9.0%
13.0%
Benchmark median 6.1%
Cash & Equivalents
$1.70B10.9%down
Benchmark median 5.2%
$1.91B10.3%up
Benchmark median 1.9%
$1.73B14.1%up
Benchmark median 6.7%
$1.52B13.4%up
Benchmark median -8.6%
$1.34B13.9%down
Benchmark median -2.9%
6.2%
Benchmark median 2.0%
Total Debt
$13.06B†4.4%down
Benchmark median 2.1%
$13.66B†1.1%up
Benchmark median 0.2%
$13.52B†79.7%up
Benchmark median 0.3%
$7.52B†112.9%up
Benchmark median 0.1%
$3.53B†20.5%down
Benchmark median -0.1%
38.7%
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$3.00B16.8%down
Benchmark median 6.3%
$3.61B7.6%down
Benchmark median 4.8%
$3.90B14.6%down
Benchmark median 9.9%
$4.57B68.5%up
Benchmark median -0.7%
$2.71B244.0%up
Benchmark median 10.7%
2.6%
Benchmark median 7.0%
Capital Expenditures
—
—
$256.00M19.6%up
Benchmark median 11.3%
$214.00M43.6%up
Benchmark median 14.0%
$149.00M13.4%down
Benchmark median 8.1%
—
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
—
—
$3.65B16.3%down
Benchmark median 8.8%
$4.36B69.9%up
Benchmark median -11.3%
$2.57B315.8%up
Benchmark median 10.2%
—
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

8.4%

Wall Street

on net earnings

FY2024 7.8%

— Not reported

Value investor

on free cash flow

FY2024 — Not reported

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 11.9×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/MTB

APA-style text
Valuein. (2026, October 31). M&T BANK CORP (MTB) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/MTB
BibTeX
@misc{valuein_mtb_2026,
  author = {{Valuein}},
  title = {M\&T BANK CORP (MTB) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/MTB}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 18, 2026 · accession 0000036270-26-000010

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point-in-time · survivorship-free · every number traceable to its SEC filing

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