For the twelve months ended Sep 30, 2026, M&T Bank Corporation reported $9.98B of revenue and $3.02B of net income.
MTB revenue was $2.54B in fiscal Q3 2026 (ended Sep 30, 2026), up 0.9% from a year earlier and up 0.2% from the prior quarter. For the full fiscal 2025 it was $9.69B, up 4.4% from fiscal 2024. Compound annual growth was +10.2% over 5 years and +7.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
MTB net income was $775.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.1% from a year earlier and down 5.3% from the prior quarter. For the full fiscal 2025 it was $2.85B, up 10.2% from fiscal 2024. Compound annual growth was +16.1% over 5 years and +10.2% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
MTB diluted EPS was $5.04 in fiscal Q3 2026 (ended Sep 30, 2026), up 4.6% from a year earlier and down 5.3% from the prior quarter. For the full fiscal 2025 it was $17.00, up 16.1% from fiscal 2024. Compound annual growth was +11.3% over 5 years and +9.0% over 10 years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.69B | $9.28B | $9.64B | $8.18B | $5.99B | $5.95B | $6.19B | $5.93B | $5.63B | $5.30B |
| Interest expense | - | - | $3.11B | $425.00M | $114.00M | $326.39M | $749.33M | $526.41M | $386.75M | $425.98M |
| Pre-tax income | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B | $2.55B | $2.51B | $2.32B | $2.06B |
| Income tax | $841.00M | $722.00M | $878.00M | $620.00M | $596.00M | $416.37M | $618.11M | $590.16M | $915.56M | $743.28M |
| Net income | $2.85B | $2.59B | $2.74B | $1.99B | $1.86B | $1.35B | $1.93B | $1.92B | $1.41B | $1.32B |
| EPS, basic | $17.10 | $14.71 | $15.85 | $11.59 | $13.81 | $9.94 | $13.76 | $12.75 | $8.72 | $7.80 |
| EPS, diluted | $17.00 | $14.64 | $15.79 | $11.53 | $13.80 | $9.94 | $13.75 | $12.74 | $8.70 | $7.78 |
| Diluted shares | 158.8M | 167.3M | 167.0M | 164.0M | 128.8M | 128.7M | 134.5M | 144.2M | 152.6M | 157.3M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.77B | $20.78B | $29.80B | $26.48B | $1.34B | $1.55B | $1.44B | $1.61B | $1.42B | $1.32B |
| Goodwill | $8.46B | $8.46B | $8.46B | $8.49B | $4.59B | $4.59B | $4.59B | $4.59B | $4.59B | $4.59B |
| Total assets | $213.51B | $208.10B | $208.26B | $200.73B | $155.11B | $142.60B | $119.87B | $120.10B | $118.59B | $123.45B |
| Short-term debt | $2.15B | $1.06B | $5.32B | $3.56B | $47.05M | $59.48M | $62.36M | $4.40B | $175.10M | $163.44M |
| Total debt | $10.91B | $12.61B | $8.20B | $3.96B | $3.49B | $4.38B | $6.99B | $8.44B | $8.14B | $9.49B |
| Total liabilities | $184.33B | $179.08B | $181.31B | $175.41B | $137.20B | $126.41B | $104.16B | $104.64B | $102.34B | $106.96B |
| Shareholders' equity | $29.18B | $29.03B | $26.96B | $25.32B | $17.90B | $16.19B | $15.72B | $15.46B | $16.25B | $16.49B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.00B | $3.61B | $3.90B | $4.57B | $2.71B | $789.19M | $2.36B | $2.09B | $2.78B | $1.18B |
| Capital expenditures | - | - | $256.00M | $214.00M | $149.00M | $172.00M | $178.00M | $98.00M | $79.00M | $108.00M |
| Free cash flow | - | - | $3.65B | $4.36B | $2.57B | $617.19M | $2.18B | $1.99B | $2.70B | $1.08B |
| Investing cash flow | -$6.82B | -$9.75B | -$4.76B | $16.59B | -$13.63B | -$22.02B | $727.01M | -$1.41B | $3.39B | -$720.77M |
| Financing cash flow | $1.80B | -$2.88B | $4.18B | -$20.98B | $10.70B | $21.35B | -$3.25B | -$495.25M | -$6.08B | -$510.13M |
| Dividends paid | $899.00M | $895.00M | $868.00M | $784.00M | $580.00M | $568.11M | $552.14M | $510.38M | $457.40M | $441.89M |
| Share repurchases | $2.63B | $396.00M | $594.00M | $1.80B | - | $373.75M | $1.35B | $2.19B | $1.21B | $641.33M |
| Depreciation and amortization | $323.00M | $316.00M | $304.00M | $282.00M | - | - | - | $104.86M | $109.59M | $107.00M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 4.4% | -3.8% | 17.9% | 36.5% | 0.6% | -3.8% | 4.4% | 5.3% | 6.4% | 13.5% |
| Net income growth, YoY | 10.2% | -5.6% | 37.6% | 7.2% | 37.4% | -29.9% | 0.6% | 36.2% | 7.1% | 21.8% |
| EPS growth, YoY | 16.1% | -7.3% | 36.9% | -16.4% | 38.8% | -27.7% | 7.9% | 46.4% | 11.8% | 8.4% |
| Net margin | 29.4% | 27.9% | 28.4% | 24.4% | 31.0% | 22.7% | 31.2% | 32.4% | 25.0% | 24.8% |
| Free cash flow margin | - | - | 37.8% | 53.3% | 42.8% | 10.4% | 35.2% | 33.6% | 48.0% | 20.3% |
| Return on equity | 9.8% | 8.9% | 10.2% | 7.9% | 10.4% | 8.4% | 12.3% | 12.4% | 8.7% | 8.0% |
| Return on assets | 1.3% | 1.2% | 1.3% | 1.0% | 1.2% | 0.9% | 1.6% | 1.6% | 1.2% | 1.1% |
| Debt to equity | 0.37 | 0.43 | 0.30 | 0.16 | 0.19 | 0.27 | 0.44 | 0.55 | 0.50 | 0.58 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.53B | $2.44B | $2.48B | $2.51B | $2.40B | $2.31B | $2.38B | $2.33B | $2.30B | $2.26B | $2.30B |
| Interest expense | - | - | - | - | - | - | - | - | - | $1.07B | $1.06B | $1.02B |
| Pre-tax income | $1.01B | $1.06B | $863.00M | $971.00M | $1.02B | $935.00M | $761.00M | $882.00M | $909.00M | $855.00M | $664.00M | $626.00M |
| Income tax | $233.00M | $245.00M | $199.00M | $212.00M | $233.00M | $219.00M | $177.00M | $201.00M | $188.00M | $200.00M | $133.00M | $144.00M |
| Net income | $775.00M | $818.00M | $664.00M | $759.00M | $792.00M | $716.00M | $584.00M | $681.00M | $721.00M | $655.00M | $531.00M | $482.00M |
| EPS, basic | $5.08 | $5.35 | $4.16 | $4.66 | $4.85 | $4.26 | $3.33 | $3.88 | $4.04 | $3.75 | $3.04 | $2.75 |
| EPS, diluted | $5.04 | $5.32 | $4.13 | $4.62 | $4.82 | $4.24 | $3.32 | $3.87 | $4.02 | $3.73 | $3.02 | $2.75 |
| Diluted shares | 145.2M | 146.8M | 150.1M | - | 156.6M | 160.0M | 165.0M | - | 167.6M | 167.7M | 167.1M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $16.14B | $17.44B | $16.35B | $18.77B | $18.70B | $21.43B | $22.77B | $20.78B | $2.22B | $1.78B | $1.70B | $29.80B |
| Goodwill | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B | $8.46B |
| Total assets | $220.51B | $219.26B | $214.74B | $213.51B | $211.28B | $211.58B | $210.32B | $208.10B | $211.78B | $208.85B | $215.14B | $208.26B |
| Short-term debt | $6.37B | $4.61B | $7.85B | $2.15B | $2.06B | $2.07B | $1.57B | $1.06B | $2.60B | $4.76B | $4.79B | $5.32B |
| Total debt | $13.65B | $13.57B | $11.18B | $10.91B | $12.93B | $12.38B | $10.50B | $12.61B | $11.58B | $11.32B | $11.45B | $8.20B |
| Total liabilities | $192.35B | $191.31B | $186.76B | $184.33B | $182.55B | $183.06B | $181.33B | $179.08B | $182.91B | $180.43B | $187.97B | $181.31B |
| Shareholders' equity | $28.16B | $27.95B | $27.97B | $29.18B | $28.73B | $28.52B | $28.99B | $29.03B | $28.88B | $28.42B | $27.17B | $26.96B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.25B | $1.27B | $1.01B | $523.00M | $1.00B | $844.00M | $635.00M | $1.68B | -$28.00M | $1.35B | $608.00M | $800.00M |
| Investing cash flow | -$3.22B | -$3.83B | -$4.32B | -$1.71B | -$2.54B | -$2.21B | -$349.00M | -$6.90B | -$1.39B | $5.63B | -$7.08B | $3.79B |
| Financing cash flow | $662.00M | $3.65B | $891.00M | $1.25B | -$1.18B | $28.00M | $1.70B | -$4.28B | $1.85B | -$6.90B | $6.44B | -$1.52B |
| Dividends paid | $216.00M | $218.00M | $227.00M | $228.00M | $233.00M | $213.00M | $225.00M | $224.00M | $225.00M | $225.00M | $221.00M | $216.00M |
| Share repurchases | $319.00M | $460.00M | $1.24B | $502.00M | $404.00M | $1.07B | $656.00M | $198.00M | $198.00M | $0 | $0 | $0 |
| Depreciation and amortization | $79.00M | $77.00M | $79.00M | $80.00M | $79.00M | $81.00M | $83.00M | $81.00M | $76.00M | $79.00M | $80.00M | $77.00M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 0.9% | 5.7% | 5.9% | 3.8% | 7.8% | 4.1% | 2.0% | 3.7% | -0.1% | -11.5% | -6.0% | -8.3% |
| Net income growth, YoY | -2.1% | 14.2% | 13.7% | 11.5% | 9.8% | 9.3% | 10.0% | 41.3% | 4.5% | -24.5% | -24.4% | -37.1% |
| EPS growth, YoY | 4.6% | 25.5% | 24.4% | 19.4% | 19.9% | 13.7% | 9.9% | 40.7% | 1.0% | -26.1% | -24.7% | - |
| Net margin | 30.6% | 32.3% | 27.2% | 30.7% | 31.5% | 29.9% | 25.3% | 28.6% | 30.9% | 28.5% | 23.5% | 21.0% |
| Debt to equity | 0.48 | 0.49 | 0.40 | 0.37 | 0.45 | 0.43 | 0.36 | 0.43 | 0.40 | 0.40 | 0.42 | 0.30 |
Source: XBRL data M&T Bank Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MTB | $9.98B | +4.0% | $3.02B | 30.2% | $31.74B |
| HBAN | $10.38B | +30.6% | $2.49B | 24.0% | $31.46B |
| CFG | $8.93B | +10.6% | $2.27B | 25.4% | $26.76B |
| KEY | $7.97B | +25.1% | $2.12B | 26.6% | $22.13B |