What is M&T Bank's income tax?

M&T Bank (MTB) reported income tax of $199M in Q1 2026.

How has M&T Bank's income tax changed year-over-year?

M&T Bank's income tax increased by 12.4% year-over-year, from $177M to $199M.

What is the long-term trend for M&T Bank's income tax?

Over 4 years (2021 to 2025), M&T Bank's income tax has grown at a 9.0% compound annual growth rate (CAGR), from $596M to $841M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

M&T Bank MTB Income Tax

Income Tax at other companies

F.N.B. CorporationFNB

$37M+19.4%

KeyCorpKEY

$136M+24.8%

Truist FinancialTFC

$209M-23.7%

Fulton FinancialFULT

$22.37M+1.3%

Union BanksharesUNB

$328K+119%

PNC Financial ServicesPNC

$415M+19.6%

Segments

By segment

See full

Retail Bank$116M-1.7%

Commercial Bank$89M+6.0%

All Other-$45M+31.8%

Institutional Services and Wealth Management$39M-4.9%

Other financials

Income statement

See full

Revenue$2.4B+5.9%

Net income$664.0M+13.7%

EPS (diluted)$4.13+24.4%

Balance sheet

See full

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

See full

Operating cash flow$1.0B+59.4%

CapEx$96.0M+284%

Free cash flow$916.0M+50.2%

Valuation

See full

Market cap$34.86B+12.2%

Enterprise value$45.33B-0.1%

P/E11.9×+0.4×

P/S3.6×+0.3×

Profitability

See full

Net margin29.8%+1.5pp

FCF margin32.2%-5.2pp

Returns & leverage

See full

Return on equity10.3%+0.9pp

Debt / equity1×+0.5×

Where this comes from

Reported directly by M&T Bank in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

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 income tax?: M&T Bank (MTB) reported income tax of $199M in Q1 2026.
How has M&T Bank's income tax changed year-over-year?: M&T Bank's income tax increased by 12.4% year-over-year, from $177M to $199M.
What is the long-term trend for M&T Bank's income tax?: Over 4 years (2021 to 2025), M&T Bank's income tax has grown at a 9.0% compound annual growth rate (CAGR), from $596M to $841M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.