Key facts
- 52-week range (closes)
- $178.63 – $254.09 Lowest close Oct 16, 2025, highest Aug 14, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Feb 23, 2004 · All S&P 500 changes
- Analyst coverage
- 2 open price targets from 2 firms: Morgan Stanley, Raymond James Approved targets tracked here; see the analyst section below
M&T Bank (MTB) is trading up at $218.75 (+2.34%) 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 Oct 6, 2026 via Investing.com · Raymond James's track record
- Morgan Stanley $238 → $304 by Sep 2027 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)
| 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 |
| 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 →
M&T Bank vs the Financials sector and the S&P 500
M&T Bank's latest reported figures next to the median of the other 75 S&P 500 Financials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | M&T Bank | Financials (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +4.4% | +7.2% | +7.0% |
| Net margin, latest fiscal year | 29.4% | 19.3% | 12.9% |
| Dividend per share, latest fiscal year | $5.70 | $2.35 | $2.40 |
| Share price change, 1 year | +17.4% | +5.0% | +5.6% |
M&T Bank: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, M&T Bank included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 61/349, 1-year price change 75/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 61 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
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.
- Headquarters
- Buffalo, New York From SEC filings, Oct 2026
Recent News (20)
-
M&T Bank Q3 Earnings Beat on Higher NII, Stock Dips on Cost Woes M&T Bank Q3 Earnings Beat on Higher NII, Stock Dips on Cost Woes TradingView
-
-
Earnings call transcript: M&T Bank tops Q3 2026 estimates as shares slip premarket
Earnings call transcript: M&T Bank tops Q3 2026 estimates as shares slip premarket
-
M&T Bank beats estimates as loan growth drives results
M&T Bank beats estimates as loan growth drives results
-
M&T Bank Corporation (NYSE:MTB) announces third quarter 2026 results BUFFALO, N.Y., Oct. 16, 2026 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $775 million or $5.04 of diluted earnings per common share. (Dollars in milli…
-
Raymond James initiates M&T Bank stock coverage with outperform rating
Raymond James initiates M&T Bank stock coverage with outperform rating
-
-
M&T Bank Celebrates Grand Opening of New Branch in Torrington, Connecticut New standalone branch on Pineridge Road reinforces M&T Bank's long-term commitment to the Torrington community TORRINGTON, Conn., Sept. 24, 2026 /PRNewswire/ -- M&T Bank (NYSE: MTB) today announced th…
-
RunVermont Redesigns M&T Bank Vermont City Marathon Course & Adds Half Marathon for 2027 BURLINGTON, Vt., Sept. 23, 2026 /PRNewswire/ -- RunVermont announces a redesigned course for the M&T Bank Vermont City Marathon & Relay and the addition of a half marathon, both debuting Sunday, May 3…
-
M&T Bank Corporation Announces Third Quarter 2026 Earnings Release and Conference Call BUFFALO, N.Y., Sept. 18, 2026 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) will announce its third quarter 2026 earnings results in a press release that will be issued before the market op…
-
M&T Bank raises prime lending rate to 7.00%
M&T Bank raises prime lending rate to 7.00%
-
-
Is M&T Bank Outperforming the Nasdaq?
Is M&T Bank Outperforming the Nasdaq?
-
M&T Bank stock rating upgraded by Morgan Stanley on NII outlook
M&T Bank stock rating upgraded by Morgan Stanley on NII outlook
-
-
What Are Wall Street Analysts' Target Price for M&T Bank Stock?
What Are Wall Street Analysts' Target Price for M&T Bank Stock?
-
M&T Bank Corporation Announces Third Quarter Common Stock Dividend BUFFALO, N.Y., Aug. 18, 2026 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that it has declared a quarterly cash dividend of $1.50 per share on its common stock. The dividend will…
-
-
-
More Financials stocks
- MET MetLife
- MRSH Marsh McLennan
- MS Morgan Stanley
- MSCI MSCI Inc.
- NDAQ Nasdaq, Inc.
- NTRS Northern Trust
- PFG Principal Financial Group
- PGR Progressive Corporation