M&T Bank MTB Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 116.8%+9.0pp | 115.3%+8.7pp | 113.8%+6.7pp | 110.9%-0.9pp | 107.8%-8.9pp | |
| Free cash flow margin | 135.3%-10.0pp | 140.5%-7.9pp | 148.2%-0.9pp | 134.7%-25.0pp | 145.3%-8.1pp | |
| Returns | ||||||
| Return on equity | 39.2%+3.2pp | 38.3%+1.9pp | 37.8%+0.1pp | 36.8%-3.9pp | 36%-7.6pp | |
| Return on assets | 5.3%+0.6pp | 5.2%+0.5pp | 5.1%+0.2pp | 4.9%-0.3pp | 4.8%-0.8pp | |
| 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×+1.1× | 2.2×+0.5× | 2.1×+0.7× | 1.8×0.0× | 1.5×-0.4× | |
| Debt-to-assets | 0.4×+0.1× | 0.3×+0.1× | 0.3×+0.1× | 0.2×0.0× | 0.2×0.0× | |
| Per Share | ||||||
| Book value per share | $731.87+5.9% | $721.18+6.4% | $710.92+6.8% | $699.74+7.5% | $691.00+8.6% | |
| Valuation | ||||||
| Market capitalization | $123.06B+6.7% | $121.73B+10.6% | $121.96B+20.0% | $120.67B+29.7% | $115.29B+30.4% | |
| Enterprise value | $159.94B+42.5% | $138.94B+6.3% | $135.68B+28.6% | $123.6B+18.0% | $112.21B+6.6% | |
| Price / earnings | 43.8×-2.5× | 44.4×-0.1× | 45.6×+4.8× | 46.9×+11.5× | 46.2×+14.7× | |
| Price / sales | 12.8×+0.3× | 12.8×+0.9× | 13×+2.1× | 13×+3.2× | 12.5×+3.3× | |
| Price / book | 4.3×+0.3× | 4.2×+0.3× | 4.2×+0.6× | 4.2×+0.8× | 4×+0.7× | |
| EV / sales | 16.6×+4.5× | 14.6×+0.5× | 14.4×+3.0× | 13.3×+2.3× | 12.1×+1.3× | |
| Free cash flow yield | 42.3%-4.9pp | 43.9%-7.4pp | 45.7%-10.5pp | 41.5%-24.2pp | 47.3%-20.1pp | |
| Earnings yield | 36.6%+1.8pp | 36%-0.4pp | 35.1%-5.0pp | 34.2%-12.3pp | 34.7%-16.9pp | |
| Dividend yield | 11.6%-0.8pp | 11.8%-1.2pp | 11.7%-2.2pp | 11.8%-3.1pp | 12.4%-3.2pp | |
| PEG ratio | 3.5×— | 6.6×— | —— | —— | —— |
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.
