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.

M&T Bank MTB Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	116.8%+1.5pp	115.3%+1.5pp	113.8%+2.9pp	110.9%+3.0pp	107.8%+1.3pp
Free cash flow margin	135.3%-5.2pp	140.5%-7.7pp	148.2%+13.5pp	134.7%-10.6pp	145.3%-3.1pp
Returns
Return on equity	39.2%+0.9pp	38.3%+0.6pp	37.8%+1.0pp	36.8%+0.8pp	36%-0.4pp
Return on assets	5.3%+0.1pp	5.2%+0.1pp	5.1%+0.2pp	4.9%+0.2pp	4.8%0.0pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	2.7×+0.5×	2.2×0.0×	2.1×+0.4×	1.8×+0.2×	1.5×-0.1×
Debt-to-assets	0.4×+0.1×	0.3×0.0×	0.3×0.0×	0.2×0.0×	0.2×0.0×
Per Share
Book value per share	$731.87+1.5%	$721.18+1.4%	$710.92+1.6%	$699.74+1.3%	$691.00+1.9%
Valuation
Market capitalization	$123.06B+1.1%	$121.73B-0.2%	$121.96B+1.1%	$120.67B+4.7%	$115.29B+4.7%
Enterprise value	$159.94B+15.1%	$138.94B+2.4%	$135.68B+9.8%	$123.6B+10.1%	$112.21B-14.2%
Price / earnings	43.8×-0.6×	44.4×-1.2×	45.6×-1.2×	46.9×+0.6×	46.2×+1.7×
Price / sales	12.8×0.0×	12.8×-0.2×	13×0.0×	13×+0.5×	12.5×+0.6×
Price / book	4.3×+0.1×	4.2×0.0×	4.2×+0.1×	4.2×+0.2×	4×+0.1×
EV / sales	16.6×+2.0×	14.6×+0.2×	14.4×+1.1×	13.3×+1.1×	12.1×-1.9×
Free cash flow yield	42.3%-1.6pp	43.9%-1.8pp	45.7%+4.2pp	41.5%-5.7pp	47.3%-4.1pp
Earnings yield	36.6%+0.6pp	36%+0.9pp	35.1%+0.9pp	34.2%-0.5pp	34.7%-1.6pp
Dividend yield	11.6%-0.1pp	11.8%0.0pp	11.7%-0.1pp	11.8%-0.6pp	12.4%-0.5pp
PEG ratio	3.5×-3.1×	6.6×—	——	——	——

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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.