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M&T Bank MTB EV / sales

EV / sales at other companies

KeyCorp logo
KeyCorpKEY
-1.7×
Truist Financial logo
Truist FinancialTFC
6.2×
PNC Financial Services logo
PNC Financial ServicesPNC
+0.7×
Citizens Financial Group logo
Citizens Financial GroupCFG
+0.6×
Regions Financial logo
Regions FinancialRF
4.2×+0.6×
Fifth Third Bank logo
Fifth Third BankFITB
+1.6×

Other financials

Income statement

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Revenue$2.4B+5.9%
Net income$664.0M+13.7%
EPS (diluted)$4.13+24.4%

Balance sheet

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Cash & equivalents$16.3B-28.2%
Total debt$26.8B+97.7%
Total equity$28.0B-3.5%
Total assets$214.74B+2.1%

Cash flow

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Operating cash flow$1.0B+59.4%
CapEx$96.0M+284%
Free cash flow$916.0M+50.2%

Valuation

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Market cap$32.97B+4.5%
Enterprise value$43.45B+104%
P/E11.3×-0.7×
P/S3.4×0.0×

Profitability

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Net margin29.8%+1.5pp

Returns & leverage

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Return on equity10.3%+0.9pp
Debt / equity+0.5×

Where this comes from

Calculated from M&T Bank’s reported figures.

Based on the most recent quarter.

The official record: M&T Bank’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is M&T Bank's EV / sales?
M&T Bank (MTB) reported EV / sales of 4.2× in Q1 2026.
How has M&T Bank's EV / sales changed year-over-year?
M&T Bank's EV / sales increased by 93.7% year-over-year, from 2.2× to 4.2×.
What is the long-term trend for M&T Bank's EV / sales?
Over 4 years (2021 to 2025), M&T Bank's EV / sales has grown at a -0.9% compound annual growth rate (CAGR), from 15.2× to 14.6×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.