Valuation dashboard for M&T Bank Corporation (MTB) with P/E 11.58, P/B 1.14, EV/EBITDA 11.5 and dividend yield 2.70%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of financial solutions to both commercial enterprises and individual consumers. Its Business Banking division caters to small businesses and professionals, providing essential services such as deposit accounts, credit facilities, and treasury management solutions.
What would it be worth at its usual multiples?
At a P/B Kaplio accepts for its ROTCE 13.8 % (1.2×) $227 (+2 %); at its peers' median (1.1×) $211 (-5 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
M&T Bank Corporation reported revenue of $8.77B in the most recent fiscal year, growing at a 5-year CAGR of 8.1%. Net income reached $2.85B, with a 16.1% 5-year CAGR.
Trailing-twelve-month margins: gross margin 71.0%, operating margin 30.8%, net margin 22.6%.
At $222.07 (closing price, November 3, 2026), MTB trades at a P/E of 11.58 and an ROE of 10.65%. Market capitalisation stands at $32.1B, placing it among large-cap names.
Balance sheet quality for MTB: debt-to-equity ratio of 0.71, current ratio of 0.28 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.58 |
| Price / Book | 1.14 |
| EV / EBITDA | 11.5 |
| Dividend Yield | 2.70% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| MTB | M&T Bank Corporation | $32.1B | 11.58 | 1.14 | 10.7% |
| FITB | Fifth Third Bancorp | $48.9B | 18.47 | 1.45 | 8.3% |
| HBAN | Huntington Bancshares Incorporated | $32.0B | 12.59 | 1.00 | 8.2% |
| WTFC | Wintrust Financial Corporation | $10.5B | 11.78 | 1.44 | 12.5% |
| CBSH | Commerce Bancshares, Inc. | $7.9B | 13.31 | 1.89 | 14.4% |
| PNC | The PNC Financial Services Group, Inc. | $91.1B | 12.21 | 1.48 | 12.6% |
| CFG | Citizens Financial Group, Inc. | $27.0B | 12.98 | 1.08 | 8.7% |
| RF | Regions Financial Corporation | $24.4B | 11.22 | 1.37 | 12.3% |
Price
| Price | $222.07 (closing price, November 3, 2026) |
| Market Cap | $32.1B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 10.65% |
| Return on Invested Capital | 1.44% |
| Return on Assets | 1.37% |
| Gross Margin | 71.01% |
| Operating Margin | 30.83% |
| Net Margin | 22.63% |
Related companies: FITB · HBAN · WTFC · CBSH · PNC · CFG · RF · KEY
Explore sector: Financial Services · Banks - Regional
More sections of MTB: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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