What is M&T Bank's unrecognized tax benefits?

M&T Bank (MTB) reported unrecognized tax benefits of $45M in Q4 2025.

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

M&T Bank's unrecognized tax benefits increased by 25.0% year-over-year, from $36M to $45M.

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

Over 4 years (2021 to 2025), M&T Bank's unrecognized tax benefits has grown at a -0.5% compound annual growth rate (CAGR), from $46M to $45M.

M&T Bank MTB Unrecognized tax benefits

Unrecognized tax benefits at other companies

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$270M-26.0%

Community Financial SystemCBU

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OceanFirst FinancialOCFC

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Amalgamated Financial Corp.AMAL

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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$34.86B+12.6%

Enterprise value$45.33B+0.2%

P/E11.9×+0.4×

P/S3.6×+0.3×

Profitability

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Net margin29.8%+1.5pp

FCF margin32.2%-5.2pp

Returns & leverage

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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:UnrecognizedTaxBenefits.

The official record: M&T Bank’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is M&T Bank's unrecognized tax benefits?: M&T Bank (MTB) reported unrecognized tax benefits of $45M in Q4 2025.
How has M&T Bank's unrecognized tax benefits changed year-over-year?: M&T Bank's unrecognized tax benefits increased by 25.0% year-over-year, from $36M to $45M.
What is the long-term trend for M&T Bank's unrecognized tax benefits?: Over 4 years (2021 to 2025), M&T Bank's unrecognized tax benefits has grown at a -0.5% compound annual growth rate (CAGR), from $46M to $45M.