M&T Bank MTB Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 29.8%+0.4pp | 29.4%+0.5pp | 28.9%+0.2pp | 28.7%+0.4pp | 28.3%+0.4pp | |
| Free cash flow margin | 32.2%+2.7pp | 29.5%-12.0pp | 41.5%+9.4pp | 32.1%-5.4pp | 37.4%+0.2pp | |
| Returns | ||||||
| Return on equity | 10.3%+0.5pp | 9.8%+0.2pp | 9.6%+0.1pp | 9.5%+0.1pp | 9.4%+0.2pp | |
| Return on assets | 1.4%0.0pp | 1.4%0.0pp | 1.3%0.0pp | 1.3%0.0pp | 1.2%0.0pp | |
| Efficiency | ||||||
| Asset turnover | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1×+0.4× | 0.5×0.0× | 0.6×0.0× | 0.6×+0.1× | 0.5×0.0× | |
| Debt-to-assets | 0.1×+0.1× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $186.34+1.4% | $183.74+0.1% | $183.50+2.9% | $178.28+1.5% | $175.65+1.3% | |
| Valuation | ||||||
| Market capitalization | $30.7B-0.9% | $30.97B+0.3% | $30.88B+1.2% | $30.52B+3.9% | $29.37B-5.9% | |
| Enterprise value | $41.18B+47.0% | $28.01B-39.0% | $45.92B+2.4% | $44.84B+122% | $20.17B-18.5% | |
| Price / earnings | 10.5×-0.4× | 10.9×-0.3× | 11.1×-0.2× | 11.3×+0.2× | 11.1×-0.9× | |
| Price / sales | 3.1×-0.1× | 3.2×0.0× | 3.2×0.0× | 3.2×+0.1× | 3.1×-0.2× | |
| Price / book | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×+0.1× | 1×-0.1× | |
| EV / sales | 4.2×+1.3× | 2.9×-1.9× | 4.8×0.0× | 4.8×+2.6× | 2.2×-0.5× | |
| Free cash flow yield | 10.3%+1.1pp | 9.2%-3.7pp | 12.9%+3.0pp | 9.9%-2.0pp | 11.9%+0.8pp | |
| Earnings yield | 9.5%+0.3pp | 9.2%+0.2pp | 9%+0.1pp | 8.9%-0.1pp | 9%+0.7pp | |
| Dividend yield | 2.9%0.0pp | 2.9%0.0pp | 2.9%0.0pp | 2.9%-0.2pp | 3.1%+0.2pp | |
| PEG ratio | 1×-0.1× | 1.1×+0.4× | 0.7×-0.1× | 0.8×-3.3× | 4×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do M&T Bank's ratios come from?
- Every ratio is computed from M&T Bank's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
