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Companies / Financials / M&T Bank
MTB

M&T Bank

FinancialsBanks & BrokersS&P 500
Ticker MTBBUFFALO, NYFiscal year ends DecemberBook value per share $188.28Diluted shares 148.4M

M&T Bank Corporation (NYSE: MTB) is a bank holding company whose subsidiaries provide retail and commercial banking, wealth management, trust and institutional services. Its principal banking subsidiaries, M&T Bank and Wilmington Trust, N.A., serve consumers, businesses, professional clients, government entities and… From the company’s description.

In fiscal 2025, M&T Bank reported revenue of $9.69B, up 4.4% from fiscal 2024, and net income of $2.85B. Its pre-tax margin was 38.1%. Over the twelve months to Jun 30, 2026, revenue was $9.96B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.69BFY2025
+4.4% year over year
Last 12 mo $9.96B
38.10%FY2025
+2.4 percentage points
$2.85BFY2025
+10.2% year over year
Last 12 mo $3.03B
9.77%FY2025
+0.9 percentage points
Last 12 mo 10.85%
Cash & financing
$3.00BFY2025
−16.8% year over year
Last 12 mo $3.80B
$2.86BFY2025
−15.7% year over year
Last 12 mo $3.60B
6.17FY2025
Was 6.02× a year earlier
Last 12 mo 0.65
158.8MFY2025
−5.1% year over year
Last 12 mo 148.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What M&T Bank does

In the company’s own words

M&T Bank Corporation (NYSE: MTB) is a bank holding company whose subsidiaries provide retail and commercial banking, wealth management, trust and institutional services. Its principal banking subsidiaries, M&T Bank and Wilmington Trust, N.A., serve consumers, businesses, professional clients, government entities and financial institutions. M&T Bank offers lending and deposit services through offices and ATMs across 13 states and the District of Columbia, alongside commercial real estate lending, equipment financing and leasing, and trust services. Wilmington Trust and its subsidiaries focus on institutional and wealth management services, while M&T Securities provides institutional brokerage and securities services. Other businesses include M&T Realty Capital, which originates multifamily commercial real estate loans and services loans, and LEAF Commercial Capital and M&T Equipment Finance, which provide equipment financing and leasing. At December 31, 2025, the company had $213.5 billion in consolidated assets and $166.9 billion in deposits; M&T Bank and its subsidiaries accounted for more than 99% of consolidated assets. Its banking business traces to Manufacturers and Traders Bank, organized in 1856.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
BUFFALO, NY
Fiscal year end
December
CIK
36270
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-996.10M$1.99B$4.98B$7.97B$10.96B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns M&T Bank — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

737
funds hold it
1 of 35
superinvestors hold it
$14.40B
held by funds, at market
43.4%
of shares held by funds
15
bond issues held by funds

Superinvestors in M&T Bank · what they did last quarter

Bill SmeadDECREASED -5.5%
Smead Capital Management
1.4%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · M&T Bank’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
1.30%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.34%of fund net assets
Strategic Advisers Fidelity U.S. Total Stock Fund
FCTDX · Fidelity Rutland Square Trust II
0.21%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

M&T Bank’s bonds, as funds hold them

Funds report holding 15 issues of M&T Bank’s debt, $3.03B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.45%, maturing 2026 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do M&T Bank and its peers compare on margins and cash generation over ten years?”
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