MTB
M&T Bank Corporation
NYSE: MTB · FINANCIAL SERVICES · BANKS - REGIONAL
$215.54
-0.91% today
Updated 2026-04-29
Market cap
$32.01B
P/E ratio
12.11
P/S ratio
3.44x
EPS (TTM)
$17.80
Dividend yield
2.69%
52W range
$167 – $237
Volume
1.2M
M&T Bank Corporation (MTB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.36B | $4.47B | $4.25B | $3.80B | $3.86B | $4.40B | $4.63B | $4.84B | $4.74B | $5.00B | $5.72B | $6.02B | $6.45B | $6.94B | $6.28B | $6.08B | $8.44B | $12.51B | $13.40B | $12.31B |
| Revenue growth (YoY) | — | +2.5% | -4.8% | -10.7% | +1.7% | +13.9% | +5.3% | +4.5% | -2.1% | +5.5% | +14.5% | +5.2% | +7.2% | +7.5% | -9.5% | -3.3% | +38.9% | +48.2% | +7.2% | -8.2% |
| Cost of revenue | $1.58B | $1.89B | $1.75B | $1.27B | $830.27M | $672.33M | $547.17M | $469.11M | $404.43M | $498.26M | $615.98M | $554.75M | $658.41M | $925.33M | $1.13B | $39.00M | $942.00M | $3.75B | $4.78B | $3.12B |
| Gross profit | $2.78B | $2.58B | $2.50B | $2.53B | $3.03B | $3.73B | $4.08B | $4.37B | $4.33B | $4.50B | $5.11B | $5.46B | $5.80B | $6.02B | $5.15B | $6.04B | $7.50B | $8.75B | $8.62B | $9.19B |
| Gross margin | 63.8% | 57.8% | 58.9% | 66.5% | 78.5% | 84.7% | 88.2% | 90.3% | 91.5% | 90.0% | 89.2% | 90.8% | 89.8% | 86.7% | 82.1% | 99.4% | 88.8% | 70.0% | 64.3% | 74.6% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $873.35M | $912.52M | $963.77M | $1.10B | $1.08B | $1.30B | $1.42B | $1.42B | $1.46B | $1.60B | $1.72B | $1.75B | $1.82B | $1.94B | $2.00B | $2.12B | $2.88B | $3.12B | $3.27B | $3.13B |
| Operating income | $1.23B | $963.54M | $739.78M | $519.29M | $1.09B | $1.22B | $1.55B | $1.77B | $1.64B | $1.67B | $2.06B | $2.32B | $2.51B | $2.55B | $1.77B | $2.46B | $2.61B | $3.62B | $3.31B | $3.69B |
| Operating margin | 28.2% | 21.6% | 17.4% | 13.7% | 28.3% | 27.8% | 33.5% | 36.5% | 34.7% | 33.5% | 36.0% | 38.6% | 38.9% | 36.7% | 28.2% | 40.4% | 31.0% | 28.9% | 24.7% | 30.0% |
| EBITDA | $1.41B | $1.14B | $925.57M | $710.21M | $1.28B | $1.42B | $1.76B | $1.97B | $1.84B | $1.85B | $2.26B | $2.52B | $2.69B | $2.85B | $2.09B | $2.78B | $3.05B | $4.12B | $3.82B | $3.96B |
| EBITDA margin | 32.3% | 25.5% | 21.8% | 18.7% | 33.0% | 32.3% | 37.9% | 40.7% | 38.9% | 37.0% | 39.5% | 41.9% | 41.6% | 41.0% | 33.3% | 45.7% | 36.1% | 32.9% | 28.5% | 32.1% |
| EBIT | $1.23B | $963.54M | $739.78M | $519.29M | $1.09B | $1.22B | $1.55B | $1.77B | $1.64B | $1.67B | $2.06B | $2.32B | $2.51B | $2.55B | $1.77B | $2.46B | $2.61B | $3.62B | $3.31B | $3.69B |
| Interest expense | $1.50B | $1.69B | $1.34B | $669.45M | $462.27M | $402.33M | $343.17M | $284.11M | $280.43M | $328.26M | $425.98M | $386.75M | $526.41M | $749.33M | $326.39M | $114.00M | $425.00M | $3.11B | $4.17B | $3.54B |
| Income tax | $392.45M | $309.28M | $183.89M | $139.40M | $356.63M | $365.12M | $523.03M | $627.09M | $576.00M | $595.02M | $743.28M | $915.56M | $590.16M | $618.11M | $416.37M | $596.00M | $620.00M | $878.00M | $722.00M | $841.00M |
| Effective tax rate | 31.9% | 32.1% | 24.9% | 26.8% | 32.6% | 29.8% | 33.7% | 35.5% | 35.1% | 35.5% | 36.1% | 39.4% | 23.5% | 24.3% | 23.5% | 24.3% | 23.7% | 24.3% | 21.8% | 22.8% |
| Net income | $839.19M | $654.26M | $555.89M | $379.89M | $736.16M | $859.48M | $1.03B | $1.14B | $1.07B | $1.08B | $1.32B | $1.41B | $1.92B | $1.93B | $1.35B | $1.86B | $1.99B | $2.74B | $2.59B | $2.85B |
| Net income growth (YoY) | — | -22.0% | -15.0% | -31.7% | +93.8% | +16.8% | +19.8% | +10.6% | -6.3% | +1.3% | +21.8% | +7.1% | +36.2% | +0.6% | -29.9% | +37.4% | +7.2% | +37.6% | -5.6% | +10.2% |
| Profit margin | 19.2% | 14.6% | 13.1% | 10.0% | 19.1% | 19.5% | 22.2% | 23.5% | 22.5% | 21.6% | 23.0% | 23.4% | 29.7% | 27.8% | 21.5% | 30.6% | 23.6% | 21.9% | 19.3% | 23.2% |