US · USD

MTB

M&T Bank Corporation

$220.25+0.51% ($1.11)Updated 10/5/26, 12:50 PM

Day's range: $218.14 – $221.24
Day's volume: $54.9M
52-week range: $173.65 – $252.46

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MTB in numbers

Market cap: $31.7B

P/E: 10.49

P/B: 1.14

Dividend yield (12m): 2.72%

The 12-month dividend yield of MTB is 2.72%, below its 5-year average of 3.14%.

MTB price history

10/06/202510/05/2026

Compare with

MTB risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+19.10%	+86.62%	+74.43%
Volatility (annualized)	20.00%	21.76%	26.63%
Largest drawdown	-11.08%	-21.81%	-35.67%
Positive months	7/12	22/36	35/60

How much did investing in MTB return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,744.27 today.

Value today in MTB: $1,744.27

Return over the period: +74.43%

Return per year: +11.96%

In the S&P 500: $1,699.58

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MTB fundamentals

Valuation

P/E
10.49
P/B
1.14
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
29.32
P/EBIT
—
P/S
18.64
P/OCF
8.34
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$21.00
Book value per share
$193.51

Debt

Net debt
$18.2B
Net debt/EBITDA
—
Net debt/Equity
0.65
Debt/Equity
0.65
Current ratio
—
Quick ratio
—
Cash ratio
—

Efficiency

Gross margin
—
EBITDA margin
—
Operating margin
—
Net margin
178.10%
Asset turnover
0.01

Profitability

ROE
10.85%
ROA
1.38%
ROIC
—
Payout
28.57%

Growth

Revenue CAGR (5 years)
—
Earnings CAGR (5 years)
11.64%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is MTB's fair price?

Two classic value formulas, with today's numbers. The current price is $220.25.

Graham's fair price: $302.39; 37.30% above the price

√(22.50 × $21.00 × $193.51)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $85.17; 61.33% below the price

$5.11 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

MTB's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	10.53	11.94	8.33	12.22	10.66	12.10	11.48	10.34
P/B	1.03	1.06	0.85	0.96	1.11	1.01	1.41	1.28
Dividend yield	2.83%	2.85%	3.79%	3.31%	2.93%	3.46%	2.42%	2.48%
Earnings per share	$19.13	$15.75	$16.45	$11.87	$14.41	$10.52	$14.79	$13.85
Book value per share	$195.82	$176.63	$161.78	$150.89	$138.75	$125.84	$120.49	$111.60
ROE	9.77%	8.92%	10.17%	7.87%	10.38%	8.36%	12.27%	12.41%
Net margin	172.06%	167.94%	184.70%	130.62%	31.02%	22.72%	31.16%	32.35%

MTB's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$1.7B	$1.5B	$1.5B	$1.5B	$6B	$6B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$3.7B	$3.3B	$3.6B	$2.6B	$2.5B	$1.8B
Income tax	-$841M	-$722M	-$878M	-$620M	-$596M	-$416.4M
Net income	$2.9B	$2.6B	$2.7B	$2B	$1.9B	$1.4B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MTB pay dividends?

Dividend yield per year

1.75%2017
2.48%2018
2.42%2019
3.46%2020
2.93%2021
3.31%2022
3.79%2023
2.85%2024
2.83%2025
2.05%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/31/2026	09/30/2026	$1.50
Dividend	05/29/2026	06/30/2026	$1.50
Dividend	02/27/2026	03/31/2026	$1.50
Dividend	11/28/2025	12/31/2025	$1.50
Dividend	09/01/2025	09/30/2025	$1.50
Dividend	05/30/2025	06/30/2025	$1.35
Dividend	02/28/2025	03/31/2025	$1.35
Dividend	11/29/2024	12/31/2024	$1.35
Dividend	09/02/2024	09/30/2024	$1.35
Dividend	05/31/2024	06/28/2024	$1.35
Dividend	02/29/2024	03/29/2024	$1.30
Dividend	11/29/2023	12/29/2023	$1.30

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/30/2023	09/29/2023	$1.30
Dividend	05/30/2023	06/30/2023	$1.30
Dividend	03/02/2023	03/31/2023	$1.30
Dividend	11/29/2022	12/30/2022	$1.20
Dividend	08/30/2022	09/30/2022	$1.20
Dividend	05/30/2022	06/30/2022	$1.20
Dividend	02/24/2022	03/31/2022	$1.20
Dividend	11/26/2021	12/31/2021	$1.20
Dividend	08/30/2021	09/30/2021	$1.10
Dividend	05/27/2021	06/30/2021	$1.10
Dividend	02/25/2021	03/31/2021	$1.10
Dividend	11/27/2020	12/31/2020	$1.10
Dividend	08/28/2020	09/30/2020	$1.10
Dividend	05/28/2020	06/30/2020	$1.10
Dividend	02/27/2020	03/31/2020	$1.10
Dividend	11/28/2019	12/31/2019	$1.10
Dividend	08/29/2019	09/30/2019	$1.00
Dividend	05/30/2019	06/28/2019	$1.00
Dividend	02/28/2019	03/29/2019	$1.00
Dividend	11/29/2018	12/31/2018	$1.00
Dividend	08/30/2018	09/28/2018	$1.00
Dividend	05/30/2018	06/29/2018	$0.80
Dividend	03/01/2018	03/30/2018	$0.75
Dividend	11/29/2017	12/29/2017	$0.75
Dividend	08/29/2017	09/29/2017	$0.75
Dividend	05/29/2017	06/30/2017	$0.75
Dividend	03/01/2017	03/31/2017	$0.75
Dividend	11/29/2016	12/30/2016	$0.70

About M&t Bank

Sector: Finance, insurance and real estate

Questions about MTB

How much is MTB today?

MTB is at $220.25 (0.51% on the day), last traded on 10/05/2026.

How much did MTB pay in dividends in 2025?

MTB paid $5.70 per share in 2025, a dividend yield of 2.83%.

What are the P/E and P/B of MTB?

MTB trades at a P/E of 10.49 and a P/B of 1.14.

How much did MTB return in 12 months?

MTB returned 19.10% in 12 months, with annualized volatility of 20.00% and a largest drawdown of -11.08%.