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Earnings transcript
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MTB
M&T Bank Corporation
$219.89
2.4
(1.1%)
| Exchange: | NYSE |
| Market Cap: | 31.869B |
| Shares Outstanding: | 54.146M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Banks – RegionalView industry performance | |||||
| CEO: | Rene F. Jones | |||||
| Full Time Employees: | 21662 | |||||
| Address: |
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| Website: | https://www.mtb.com |
M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of financial solutions to both commercial enterprises and individual consumers. Its Business Banking division caters to small businesses and professionals, providing essential services such as deposit accounts, credit facilities, and treasury management solutions. The Commercial Banking arm extends its reach to middle-market and large corporate clients, supplying a robust suite of offerings including deposit products, commercial loans and leases, letters of credit, and sophisticated cash management tools. Dedicated to Commercial Real Estate, the company engages in the origination, sale, and servicing of commercial property loans, alongside offering deposit services tailored for this sector. The Discretionary Portfolio segment focuses on internal financial management, overseeing deposits, investment securities, residential real estate loans, and other assets, while also managing short- and long-term borrowed funds and foreign exchange operations. Through its Residential Mortgage Banking segment, M&T originates home loans for consumers, subsequently selling these loans in the secondary market. It also acquires servicing rights for loans initially originated by other institutions. The Retail Banking segment serves individual customers with a diverse array of financial products, including demand, savings, and time deposit accounts; various consumer installment loans such as automobile and recreational vehicle financing; home equity loans and lines of credit; credit cards; and investment vehicles like mutual funds and annuities. Beyond these, M&T Bank offers specialized financial services encompassing trust and wealth management, fiduciary and custodial services, insurance brokerage, institutional securities services, and investment management. Customers can access these services through an extensive network of physical banking offices, dedicated business banking centers, as well as via telephone, online platforms, and automated teller machines (ATMs). As of December 31, 2021, the corporation maintained 688 domestic banking locations across New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Additionally, it operates a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation, established in 1856, has its corporate headquarters situated in Buffalo, New York.
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Revenue Segmentation
MTB full analysis
Welcome to MARKETSNAP’s SWOT analysis for M&T Bank Corporation, a key player in the financial sector that’s been on the radar of many long-term investors. If you’re looking to deepen your portfolio with a solid regional banking stock, stick around as we break down the strengths, weaknesses, opportunities, and threats surrounding M&T Bank. We’ll dive into their recent performance, key financials, and what’s shaping their future, all with a long-term investment lens. Let’s get started! General Overview of M&T Bank…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| MTB | M&T Bank Corporation | 31.9B | 11.5 | 11.4 | 1.5% |
 HBAN | Huntington Bancshares Incorporated | 31.1B | 11.3 | 11.5 | 4.6% |
 CFG-PH | Citizens Financial Group, Inc. | 29.8B | 13.7 | 4.7 | 0.9% |
 NWG | NatWest Group plc | 34.3B | 6.8 | 6.5 | 0.9% |
 MTB-PJ | M&T Bank Corporation | 35.1B | 11.5 | 1.3 | 1.5% |
 SHG | Shinhan Financial Group Co., Ltd. | 35.5B | 8.9 | 8.5 | 1.3% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,507,000 | 13,405,000 | 12,309,000 |
| Gross Profit | 8,753,000 | 8,621,000 | 9,185,000 |
| EBITDA | 4,116,000 | 3,818,000 | 4,190,000 |
| Operating Income | 3,619,000 | 3,310,000 | 3,692,000 |
| Net Income | 2,741,000 | 2,588,000 | 2,851,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 208,264,000 | 208,105,000 | 213,510,000 |
| Total Liabilities | 181,307,000 | 179,078,000 | 184,333,000 |
| Total Stockholders Equity | 26,957,000 | 29,027,000 | 29,177,000 |
| Total Debt | 13,517,000 | 13,665,000 | 13,060,000 |
| Cash and Cash Equivalents | 29,800,000 | 20,782,000 | 18,769,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,905,000 | 3,610,000 | 3,003,000 |
| Capital Expenditure | -256,000 | -216,000 | 0 |
| Free Cash Flow | 3,649,000 | 3,394,000 | 3,003,000 |
| Net Income | 2,741,000 | 2,588,000 | 2,851,000 |
| Net Change in Cash | 211,000 | 178,000 | -2,013,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 10,617,967.085 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 11,236,938.163 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 10,867,884.324 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 4,828,751.899 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 5,256,133.198 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 5,042,442.549 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 3,427,612.107 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,755,100.633 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 3,591,356.370 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,150,325.380 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,333,972.616 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,224,475.226 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 23.340 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 23.990 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 21.890 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 8 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 11 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: MTB demonstrates consistent revenue and net income growth as reflected in recent income statements, with positive trends in operating cash flow and free cash flow. This indicates strong operational efficiency and financial stability within the banking sector.
- Strong Balance Sheet Metrics: The balance sheet data shows a healthy level of cash and cash equivalents alongside manageable total liabilities relative to total assets. A reasonable debt-to-equity ratio (TTM) further supports MTB’s capacity to sustain growth without over-leveraging.
- Competitive Dividend Yield: With a notable dividend yield (TTM) and a history of consistent dividend payments (lastDiv), MTB offers attractive returns for income-focused investors, enhancing its appeal in the regional banking industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates MTB intrinsic value between $93.47 – $196.66 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about MTB valuation
Is M&T Bank Corporation (MTB) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for M&T Bank Corporation (MTB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MTB a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MTB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is MTB’s P/E ratio?
You can see MTB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MTB?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MTB a good long-term investment?
Whether MTB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MTB
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Daily snapshot
1.1
Trading Metrics:
| Open: | 217.86 | Previous Close: | 217.49 | |
| Day Low: | 217.86 | Day High: | 221.12 | |
| Year Low: | 174.76 | Year High: | 255.95 | |
| Price Avg 50: | 235.46 | Price Avg 200: | 224.22 | |
| Volume: | 1.09M | Average Volume: | 1.089M |
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