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M&T Bank $MTB

Financials · Regional Banks · NYSE/NASDAQ

S&P 500 Russell 1000 New York Just reported

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$218.65

+2.60 (+1.20%)

As of Oct 15, 2026, 10:52 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 8, 2026, the first target we tracked for MTB.

M&T Bank (MTB) is trading up at $218.65 (+1.20%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Financials sector.

Analyst price targets on MTB

Current price targets from 2 firms average $277, ranging from $250 to $304 — 27% above the current $219. Each is tracked to its date and scored the same way a member's call is.

Raymond James $219 → $250 by Oct 2027 Outperform Oct 6, 2026 via Investing.com · Raymond James's track record
Morgan Stanley $238 → $304 by Sep 2027 Overweight Sep 8, 2026 via Investing.com · Morgan Stanley's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

M&T Bank revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

M&T Bank annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$5.30B	$5.63B	$5.93B	$6.19B	$5.95B	$5.99B	$8.18B	$9.64B	$9.28B	$9.69B
Growth (year over year)	+13.5%	+6.4%	+5.3%	+4.4%	−3.8%	+0.6%	+36.5%	+17.9%	−3.8%	+4.4%
Net income	$1.32B	$1.41B	$1.92B	$1.93B	$1.35B	$1.86B	$1.99B	$2.74B	$2.59B	$2.85B
Net margin	24.8%	25.0%	32.4%	31.2%	22.7%	31.0%	24.4%	28.4%	27.9%	29.4%
EPS (diluted)	$7.78	$8.70	$12.74	$13.75	$9.94	$13.80	$11.53	$15.79	$14.64	$17.00
Balance sheet
Cash and equivalents	$1.32B	$1.42B	$1.61B	$1.44B	$1.55B	$1.34B	$26.5B	$29.8B	$20.8B	$18.8B
Total assets	$123.4B	$118.6B	$120.1B	$119.9B	$142.6B	$155.1B	$200.7B	$208.3B	$208.1B	$213.5B
Total liabilities	$107.0B	$102.3B	$104.6B	$104.2B	$126.4B	$137.2B	$175.4B	$181.3B	$179.1B	$184.3B
Long-term debt	$9.49B	$8.14B	$8.44B	$6.99B	$4.38B	$3.49B	$3.96B	$8.20B	$12.6B	$10.9B
Shareholders' equity	$16.5B	$16.3B	$15.5B	$15.7B	$16.2B	$17.9B	$25.3B	$27.0B	$29.0B	$29.2B
Cash flow
Operating cash flow	$1.18B	$2.78B	$2.09B	$2.36B	$789.2M	$2.71B	$4.57B	$3.90B	$3.61B	$3.00B
Capital expenditure	$108.0M	$79.0M	$98.0M	$178.0M	$172.0M	$149.0M	$214.0M	$256.0M	—	—
Free cash flow	$1.08B	$2.70B	$1.99B	$2.18B	$617.2M	$2.57B	$4.36B	$3.65B	—	—
Dividends paid	$441.9M	$457.4M	$510.4M	$552.1M	$568.1M	$580.0M	$784.0M	$868.0M	$895.0M	$899.0M
Share buybacks	$641.3M	$1.21B	$2.19B	$1.35B	$373.8M	—	$1.80B	$594.0M	$396.0M	$2.63B

RevenueNet incomeNet margin (right axis, %)

M&T Bank quarterly financial statements
	Q3 FY24^†Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25^†Mar 2025	Q2 FY25^†Jun 2025	Q3 FY25^†Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26^†Mar 2026	Q2 FY26^†Jun 2026
Income statement
Revenue	$2.33B	$2.38B	$2.31B	$2.40B	$2.51B	$2.48B	$2.44B	$2.53B
Growth (year over year)	−0.1%	+3.7%	+2.0%	+4.1%	+7.8%	+3.8%	+5.9%	+5.7%
Net income	$721.0M	$681.0M	$584.0M	$716.0M	$792.0M	$759.0M	$664.0M	$818.0M
Net margin	30.9%	28.6%	25.3%	29.9%	31.5%	30.7%	27.2%	32.3%
EPS (diluted)	$4.02	$3.87	$3.32	$4.24	$4.82	$4.62	$4.13	$5.32
Balance sheet
Cash and equivalents	$2.22B	$20.8B	$22.8B	$21.4B	$1.95B	$18.8B	$16.3B	$17.4B
Total assets	$211.8B	$208.1B	$210.3B	$211.6B	$211.3B	$213.5B	$214.7B	$219.3B
Total liabilities	$182.9B	$179.1B	$181.3B	$183.1B	$182.5B	$184.3B	$186.8B	$191.3B
Long-term debt	$11.6B	$12.6B	$10.5B	$12.4B	$12.9B	$10.9B	$11.2B	$13.6B
Shareholders' equity	$28.9B	$29.0B	$29.0B	$28.5B	$28.7B	$29.2B	$28.0B	$27.9B
Cash flow
Operating cash flow	−$28.0M	$1.68B	$635.0M	$844.0M	$1.00B	$523.0M	$1.01B	$1.27B
Dividends paid	$225.0M	$224.0M	$225.0M	$213.0M	$233.0M	$228.0M	$227.0M	$218.0M
Share buybacks	$198.0M	$198.0M	$656.0M	$1.07B	$404.0M	$502.0M	$1.24B	$460.0M

From M&T Bank's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About M&T Bank

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 940+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

Source: Wikipedia — M&T Bank