M&T Bank Corporation (MTB) Stock Price & Analysis
M&T Bank Corporation (MTB) closed at USD 222.83 on Thursday, October 22, 2026, up 1.51% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 219.51; the Oct 22, 2026 session ranged USD 219.82–222.97 on volume of 956,340 shares. Market capitalization is $32.18B, with a 52-week range of USD 179.32–255.95 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MTB.md
Key facts (MTB)
- Last four reported quarters (through Jun 30, 2026): revenue $9.96B, net income $3.03B (30.4% margin) (SEC filings).
- Valuation: P/E 10.6x (avg 10.6x at the last 3 fiscal year-ends).
- 3 of 80 tracked superinvestors hold MTB (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 0 new, 0 added, 3 reduced, 0 unchanged.
- Analysts: Hold (mean 2.64 on a 1–5 scale) (22 analysts), mean target USD 248.33 (range 224–294).
- Total return with dividends: 1Y +26.6% vs S&P 500 +14.9%; 5Y +63.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-16, EPS estimate USD 4.99, revenue estimate $2.54B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MTB)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.99B | $8.18B | $9.64B | $9.28B | $9.69B | $9.96B |
| Net income | $1.86B | $1.99B | $2.74B | $2.59B | $2.85B | $3.03B |
| EPS (diluted) | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 | — |
| Free cash flow | $2.57B | $4.36B | $3.65B | — | — | — |
| Net margin | 31.0% | 24.4% | 28.4% | 27.9% | 29.4% | 30.4% |
| Revenue growth | +0.6% | +36.5% | +17.9% | -3.8% | +4.4% | — |
| Cash + short-term investments | $1.34B | $26.5B | $29.8B | $20.8B | $18.8B | — |
| Total debt | $3.53B | $7.52B | $13.5B | $13.7B | $13.1B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MTB)
P/E 10.6x · P/S 3.2x · P/B 1.1x · Earnings yield 9.43% · Dividend yield (paid, TTM) 2.82% · Buyback yield (TTM) 8.09%
P/E at fiscal year-ends: Dec 2025 11.2x, Dec 2024 12.2x, Dec 2023 8.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (MTB)
3 of 80 tracked investors hold MTB (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| David Katz | Matrix Asset Advisors | 1.14% | $13.9M | Reduced -19.1% | Q3 2026 |
| John Rogers | Ariel Investments | 0.41% | $41.6M | Reduced -1.7% | Q2 2026 |
| Christopher Davis | Davis Advisors | 0.06% | $13.8M | Reduced -3.7% | Q2 2026 |
Analysts (MTB)
Consensus Hold (mean 2.64 on a 1–5 scale), 22 analysts; mean target USD 248.33 (low 224, high 294).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Citigroup | Target raised | Neutral | $225 → $230 |
| 2026-10-20 | Truist Securities | Target lowered | Hold | $250 → $235 |
| 2026-10-19 | DA Davidson | Target lowered | Neutral | $262 → $258 |
| 2026-10-19 | Morgan Stanley | Target lowered | Overweight | $301 → $294 |
| 2026-10-19 | RBC Capital | Target lowered | Outperform | $255 → $245 |
| 2026-10-14 | Cantor Fitzgerald | Target lowered | Overweight | $285 → $255 |
| 2026-10-07 | Raymond James | Initiated | Outperform | $250 |
| 2026-10-05 | UBS | Target lowered | Neutral | $255 → $238 |
| 2026-10-02 | JP Morgan | Target lowered | Neutral | $265.5 → $248.5 |
| 2026-10-01 | Evercore ISI Group | Target lowered | In-Line | $260 → $230 |
| 2026-09-28 | Morgan Stanley | Target lowered | Overweight | $304 → $301 |
| 2026-09-23 | Truist Securities | Target lowered | Hold | $268 → $250 |
Total return (dividends reinvested) (MTB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +26.6% | +63.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +26.7% | +10.3% |
| Volatility (annualized) | 21.2% | 30.3% |
| Max drawdown | -17.0% (Feb 2026→Mar 2026) | -40.1% (Aug 2022→Oct 2023) |
MTB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $4.99 | $4.96 | +0.6% | $2.54B | 15 |
| Next quarter (ends Mar 2027) | $4.58 | $4.59 | -0.3% | $2.53B | 12 |
| Current fiscal year (ends Dec 2026) | $19.46 | $19.31 | +0.8% | $10.06B | 16 |
| Next fiscal year (ends Dec 2027) | $21.08 | $21.07 | +0.1% | $10.42B | 17 |
MTB options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 22.8% | ±5.3% |
| Dec 18, 2026 | 56 | 22.7% | ±7.3% |
| Jan 15, 2027 | 84 | 22.4% | ±8.7% |
| Feb 19, 2027 | 119 | 23.8% | ±10.9% |
| Mar 19, 2027 | 147 | 24.3% | ±12.3% |
| Apr 16, 2027 | 175 | 24.4% | ±13.4% |
| Jun 17, 2027 | 237 | 25.9% | ±16.5% |
| Sep 17, 2027 | 329 | 26.5% | ±19.6% |
30-day implied volatility 21.2% vs 19.1% realized over the last 30 trading days. Put/call ratio (volume) 0.07. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 222.83 |
|---|---|
| Change | ▲ 1.51% (up) |
| Previous Close | USD 219.51 |
| Open | USD 216.96 |
| Day Range | USD 219.82 – 222.97 |
| 52-Week Range | USD 179.32 – 255.95 |
| Volume | 956,340 shares |
| Market Cap | $32.18B |
| Exchange | NYQ |
Technical Analysis (MTB)
Nexqual's technical model rates MTB "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 49.49 (neutral) |
| vs SMA50 | Below (USD 229.54) |
| MACD | -2.76 (negative) |
Analyst Ratings (MTB)
Wall Street analysts rate MTB "Hold" based on 22 analysts, with a mean price target of USD 248.33 (range USD 224–294), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 248.33 |
| High Target | USD 294 |
| Low Target | USD 224 |
| Buy / Hold / Sell | 6 / 15 / 1 |
Earnings (MTB)
| Next Earnings Date | 2026-10-16 |
|---|---|
| EPS Estimate | USD 4.99 |
| Revenue Estimate | $2.54B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 5.04 vs est 4.92 ▲ beat |
| 2026-06-30 | USD 5.32 vs est 4.66 ▲ beat |
| 2026-03-31 | USD 4.13 vs est 4.02 ▲ beat |
| 2025-12-31 | USD 4.67 vs est 4.47 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (MTB)
| Total Revenue | $9.46B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +0.50% |
| Gross Margin | +0.00% |
| Operating Margin | +43.06% |
| Profit Margin | +31.87% |
| ROE | +10.60% |
| Total Cash | $16.14B |
| Total Debt | $20.02B |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (MTB)
Nexqual rates M&T Bank Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Mixed — Revenue +4.4% YoY (annual), slow |
|---|---|
| Profitability | Strong — Net margin 28% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: State Commercial Banks) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: State Commercial Banks) |
| Efficiency | Mixed — ROE 11%, ROA 1.4% |
Ownership (MTB)
| Insider Ownership | +0.32% |
|---|---|
| Institutional Ownership | +93.03% |
| Shares Outstanding | 144.42M |
| Float | 143.03M |
| Short % of Float | +4.09% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (MTB)
M&T Bank Corporation is led by Rene F. Jones, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:26 UTC.
| Chairman & CEO | Rene F. Jones |
|---|---|
| Senior EVP & CFO | Daryl N. Bible C.F.A. |
| Senior Executive VP & Chief Technology and Operations Officer | Michael A. Wisler |
| Senior EVP, Regional President for Western New York & Chief Administrative Officer | Tracy S. Woodrow |
Major Backers & Investors (MTB)
Notable institutional backers of M&T Bank Corporation include FMR, LLC, Wellington Management, State Farm Mutual Automobile Insurance Co, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 8.6% |
| Wellington Management | 6.79% |
| State Farm Mutual Automobile Insurance Co | 2.85% |
| JPMorgan | 2.8% |
| Invesco | 2.79% |
| Fidelity | 2.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.52% |
| BlackRock | 8.9% |
| State Street | 4.93% |
| Geode Capital | 3.01% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BBD | Banco Bradesco Sa | USD 3.95 | ▼ 2.47% |
| FITB | Fifth Third Bancorp | USD 53.23 | ▲ 0.8% |
| TFC | Truist Financial Corporation | USD 48.42 | ▲ 1.45% |
| DB | Deutsche Bank AG | USD 31.48 | ▼ 2.39% |
| NWG | NatWest Group plc | USD 16.99 | ▼ 2.3% |
| NU | Nu Holdings Ltd. | USD 14.73 | ▼ 2.13% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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