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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	29.8%+1.5pp	29.4%+1.5pp	28.9%+2.9pp	28.7%+3.0pp	28.3%+1.3pp
Free cash flow margin	32.2%-5.2pp	29.5%-7.7pp	41.5%+13.5pp	32.1%-10.6pp	37.4%-3.1pp
Returns
Return on equity	10.3%+0.9pp	9.8%+0.6pp	9.6%+1.0pp	9.5%+0.8pp	9.4%-0.4pp
Return on assets	1.4%+0.1pp	1.4%+0.1pp	1.3%+0.2pp	1.3%+0.2pp	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×+0.5×	0.5×0.0×	0.6×+0.4×	0.6×+0.2×	0.5×-0.1×
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+6.1%	$183.74+5.9%	$183.50+6.5%	$178.28+5.2%	$175.65+8.0%
Valuation
Market capitalization	$30.7B+4.5%	$30.97B-0.7%	$30.88B+4.4%	$30.52B+21.4%	$29.37B+21.6%
Enterprise value	$41.18B+104%	$28.01B+13.1%	$45.92B+35.7%	$44.84B+34.0%	$20.17B-47.9%
Price / earnings	10.5×-0.6×	10.9×-1.2×	11.1×-1.2×	11.3×+0.6×	11.1×+1.7×
Price / sales	3.1×0.0×	3.2×-0.2×	3.2×0.0×	3.2×+0.5×	3.1×+0.6×
Price / book	1.1×+0.1×	1.1×0.0×	1.1×+0.1×	1.1×+0.2×	1×+0.1×
EV / sales	4.2×+2.0×	2.9×+0.2×	4.8×+1.1×	4.8×+1.1×	2.2×-1.9×
Free cash flow yield	10.3%-1.6pp	9.2%-1.8pp	12.9%+4.2pp	9.9%-5.7pp	11.9%-4.1pp
Earnings yield	9.5%+0.6pp	9.2%+0.9pp	9%+0.9pp	8.9%-0.5pp	9%-1.6pp
Dividend yield	2.9%-0.1pp	2.9%0.0pp	2.9%-0.1pp	2.9%-0.6pp	3.1%-0.5pp
PEG ratio	1×-3.1×	1.1×—	0.7×—	0.8×—	4×+3.1×

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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.