M&T Bank (MTB)
Financials · NYSE · US
Price as at 1 Oct 2026, 01:41 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
M&T Bank trades at $217.60, which is 145% below the $533.15 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 47 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
MTB dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $4.50 | 3 |
| 2025 | $5.70 | 4 |
| 2024 | $5.35 | 4 |
| 2023 | $5.20 | 4 |
| 2022 | $4.80 | 4 |
| 2021 | $4.50 | 4 |
| 2020 | $4.40 | 4 |
| 2019 | $4.10 | 4 |
| 2018 | $3.55 | 4 |
| 2017 | $3.00 | 4 |
| 2016 | $2.80 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
MTB earnings and analyst estimates
Recommendation mix, 20 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About M&T Bank
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, deposit products, cash management services, commercial real estate loans, and credit facilities secured by various commercial real estate properties to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, direct deposit, and merchant credit card services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, and administrative services; personal trust, planning and advisory, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
MTB passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
17 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$77.48M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$49.61M · 0.0% of book
- John Rogers, ARIEL INVESTMENTS, LLC$41.55M · 0.4% of book
- Ken Griffin, CITADEL ADVISORS LLC$30.74M · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$28.81M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in MTB
We hold 9 disclosed trades in MTB by members of Congress and executive-branch officials. The latest 5:
- Donald J Trump · Executive branchBuy · $1,001 - $15,000 · traded 15 May 2026 · disclosed 1 Jul 2026
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 18 Nov 2025 · disclosed 15 Dec 2025
- Daniel Goldman · HouseSell · $50,001 - $100,000 · traded 12 Jul 2023 · disclosed 13 Aug 2023
- Daniel Goldman · HouseBuy · $1,001 - $15,000 · traded 10 Apr 2023 · disclosed 19 May 2023
- Daniel Goldman · HouseBuy · $1,001 - $15,000 · traded 6 Mar 2023 · disclosed 17 Apr 2023
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
MTB peers
The largest companies in the same industry, then in the same sector.
- INVE-B.ST Investor AB
- BRK-B Berkshire Hathaway Inc.
- JPM JPMorgan Chase & Co.
- V Visa Inc.
- DNB.OL DNB Bank
- MA Mastercard Inc.
- SEB-A.ST SEB
- 601398.SS ICBC
Every financials company we cover is on the Financials hub.
Common questions
Is M&T Bank (MTB) undervalued?
Against our fair value estimate of $533.15, MTB at $217.60 is 145% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own MTB?
17 of the institutions we track reported a position in MTB in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is MTB's P/E ratio?
MTB trades at 13.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does M&T Bank (MTB) pay a dividend?
Yes. M&T Bank yields 2.52% at the current share price. It has paid $6.00 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its MTB data?
Fundamentals for MTB come from company filings and exchange data, as listed on NYSE; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 01:41 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for MTB, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.