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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) operates as a financial holding company providing comprehensive banking and financial services across the northeastern United States and select other regions. The company maintains consolidated total assets of $213.5 billion with deposits of $166.9 billion and shareholders' equity of… From the company’s description.

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
0.00%FY2025
$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) operates as a financial holding company providing comprehensive banking and financial services across the northeastern United States and select other regions. The company maintains consolidated total assets of $213.5 billion with deposits of $166.9 billion and shareholders' equity of $29.2 billion as of December 31, 2025.

M&T's primary subsidiaries include M&T Bank, a New York-chartered commercial bank with roots tracing to 1856, and Wilmington Trust, N.A., a national bank specializing in institutional and wealth management services. M&T Bank operates an extensive domestic banking office and ATM network spanning New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont, New Hampshire, Virginia, West Virginia, and the District of Columbia, with additional lending operations in Ontario, Canada.

The company's core business encompasses retail and commercial banking, wealth management, trust services, and institutional banking. M&T Bank offers a broad range of financial products including consumer and commercial lending, deposit services, and fiduciary services. Specialized subsidiaries provide additional services including M&T Realty Capital, which engages in multifamily commercial real estate lending and loan servicing; LEAF Commercial Capital Inc. and M&T Equipment Finance Corp., which provide equipment leasing and financing; and M&T Securities, Inc., which offers institutional brokerage and securities services.

M&T's business model focuses on serving consumers, small and medium-sized businesses, professional clients, governmental entities, and financial institutions within its geographic footprint, though lending also extends to other states. The company maintains a diversified revenue base with interest income from loans and investment securities representing significant portions of consolidated revenues, supplemented by trust and wealth management fees, brokerage services, and other financial services income.

As an accelerated filer and financial holding company, M&T operates under enhanced regulatory oversight from the Federal Reserve, with its bank subsidiaries subject to additional regulation by state banking authorities and the FDIC. The company maintains Category IV status under regulatory tailoring rules applicable to banking organizations with $100 billion or more in consolidated assets.

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 5.26%, 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.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do M&T Bank and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of M&T Bank's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in M&T Bank's last four quarterly filings that the numbers alone won't show?”
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