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NYSE · STATE COMMERCIAL BANKS · LARGE CAP

M&T Bank Corp. MTB

19 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$2.9B
▲ 10.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

M&T Bank provides banking products and services through a domestic banking office and ATM network located throughout New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont, New Hampshire, Virginia, West Virginia and the District of Columbia. Wilmington Trust, N.A. is a national bank that, with its subsidiaries, had total assets of $773 million at December 31, 2025 and offers various institutional client and wealth management services. M&T Bank operates under a charter granted by the State of New York in 1892, and the continuity of its banking business is traced to the organization of Manufacturers and Traders Bank in 1856. M&T was incorporated in November 1969.

Written from the business description in M&T Bank Corp's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

·
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2021 · Revenue 6.0 · Net income 1.9
2.5B5.0B
2007201020132016201920222025
Compound annual growth
+0.4%
+2.5%
+4.2%
+12.7%
+16.1%
+10.2%
+9.4%
+13.8%
+11.3%
+9.0%
+7.6%
+5.9%
+11.3%
+30.1%
+25.1%
+16.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.5% a year over the five years to FY2021.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

·
Operating margin Net margin
FY2021 · Operating 41.0% · Net 31.0%
20%40%
200720162025
ROE
FY2025 · ROE 9.8%
5%10%
200720162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin·
EBITDAUSD 4.0B

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 3.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2023 · FCF 3.6
2B4B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.9 · Net buybacks 2.6
2B3BDividendsNet buybacks
2007201020132016201920222025
Dividends paidUSD 899.0M
Net buybacksUSD 2.6B
Share of profit123.1%
Consecutive raises3 years

USD 899.0M in dividends and USD 2.6B in buybacks — 123% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 213.5B
EquityUSD 29.2B
CashUSD 18.8B
Gross debtUSD 13.1B
Net debtUSD -5.7B
DepositsUSD 166.9B

The company holds more cash than debt.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MTB, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B◌◌◌◌6.06.06.25.95.65.34.74.54.54.34.0◌◌◌◌
Operating income $B3.73.33.62.62.51.82.52.52.32.11.71.61.81.61.21.10.5◌◌
EBITDA $B4.03.63.92.9◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.80.70.90.60.60.40.60.60.90.70.60.60.60.50.40.40.10.20.3
Net income $B2.92.62.72.01.91.41.91.91.41.31.11.11.11.00.90.70.40.60.7
Free cash flow $B◌◌3.64.42.60.62.22.02.71.11.71.00.80.41.7◌◌◌◌
EPS, diluted $17.0014.6415.7911.5313.809.9413.7512.748.707.787.187.428.207.546.355.692.895.015.95
Dividend / sh $5.705.355.204.80◌◌◌◌◌◌2.802.802.802.802.802.802.80◌◌
Payout %32353239314229273234353532354146865543
ROE %9.89.210.59.210.98.512.412.18.68.17.69.010.610.69.89.15.28.410.1

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. One check was skipped: the share count is not tagged before 2008. One check was skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityState Commercial Banks
Listed onNYSE
Incorporated inNew York
Fiscal year endsDecember 31
Data on record since2007

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