M&T Bank
Regional commercial and retail banking with Wilmington Trust wealth and institutional services.
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Profile
Provides commercial and retail banking, mortgage and equipment finance, and Wilmington Trust wealth and institutional services across the eastern U.S. Earns mainly from deposit-funded lending, with fees from servicing, cash management, trust, and investment activities.
Runs a regional banking franchise across the Northeast and Mid-Atlantic, organized into Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The banking businesses gather deposits and extend commercial, real-estate, consumer, and residential-mortgage credit; equipment finance, cash management, and mortgage servicing broaden the mix.
Pairs local regional leadership with a large-bank product set, while Wilmington Trust supplies wealth management, trust, fiduciary, and institutional services in selected U.S. and international markets. Most activity remains domestic, and the branch network extends from Maine to Virginia and Washington, D.C.
Earnings depend on credit quality, deposit retention, and the spread between interest earned on assets and paid on funding. Capital, liquidity, consumer protection, and fiduciary activities remain subject to federal and state oversight.
Company facts
Categories
Key statistics
Year to date +16.4% · Average volume (30d) 971.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $262 | $285 |
| Aug 3, 2026 | UBS | Reiterate | Neutral | $280 | $255 |
| Jul 29, 2026 | UBS | Target | $252 | $280 | |
| Jul 22, 2026 | Deutsche Bank | Downgrade | Hold | $250 | |
| Jul 21, 2026 | Truist Financial | Target | $230 | $268 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 15, 2026Q2 FY26 | $4.66 | $5.35 | +14.8% | $2.46B | $2.53B | +2.8% | +2.22% |
| Apr 15, 2026Q1 FY26 | $4.02 | $4.18 | +4.0% | $2.43B | $2.44B | +0.4% | −0.07% |
| Jan 16, 2026Q4 FY25 | $4.48 | $4.67 | +4.2% | $2.47B | $2.48B | +0.1% | −0.27% |
| Oct 16, 2025Q3 FY25 | $4.43 | $4.87 | +9.9% | $2.44B | $2.51B | +3.0% | +1.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.17B | $3.29B | $2.51B | $3.33B | $3.23B | $3.36B | |
| Gross profit | $2.18B | $2.27B | $2.39B | $2.35B | $2.30B | $2.41B | |
| Operating income | $761.0M | $935.0M | $1.03B | $971.0M | $863.0M | $1.27B | |
| Net income | $584.0M | $716.0M | $792.0M | $759.0M | $664.0M | $818.0M | |
| Diluted EPS | $3.32 | $4.24 | $4.82 | $4.67 | $4.24 | $5.23 | |
| Gross margin | 68.6% | 69.0% | 95.0% | 70.5% | 71.3% | 71.8% | |
| Operating margin | 24.0% | 28.4% | 40.8% | 29.1% | 26.8% | 37.7% |
Fiscal years (4-quarter sums)FY21 $6.11B · FY22 $8.60B · FY23 $12.71B · FY24 $13.41B · FY25 $12.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.94B · Total debt $18.18B · Total assets $219.26B · Shareholders' equity $27.95B
Dividends
Raised for 38 straight years — most recently to $1.50 from $1.35 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 30 | $1.50 | |
| Mar 2, 2026 | Mar 2 | Mar 31 | $1.50 | |
| Dec 1, 2025 | Dec 1 | Dec 31 | $1.50 | |
| Sep 2, 2025 | Sep 2 | Sep 30 | $1.50 | raised from $1.35 |
| Jun 2, 2025 | Jun 2 | Jun 30 | $1.35 | |
| Mar 3, 2025 | Mar 3 | Mar 31 | $1.35 | |
| Dec 2, 2024 | Dec 2 | Dec 31 | $1.35 | |
| Sep 3, 2024 | Sep 3 | Sep 30 | $1.35 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 144.93M · Float 144.41M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.85M | 8.86% | 13F | Aug 7, 2026 |
| FMR LLC | 12.42M | 8.57% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 9.80M | 6.76% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 9.57M | 6.60% | 13F | Aug 13, 2026 |
| State Street Corp | 7.11M | 4.91% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Rudina Seseri | director | −623 | $241.05 |
| Aug 17, 2026 | John R. Taylor | officer: EVP and Controller | −1,217 | $253.84 |
| Aug 5, 2026 | Kirk W. Walters | director | −9 | $253.77 |
| Aug 3, 2026 | Richard H. Jr. Ledgett | director | −855 | $248.16 |
| Jul 15, 2026 | Kevin J. Pearson | officer: Vice Chairman | −2,000 | $242.00 |
Peers
- Citizens Financial Group
Super-regional sharing M&T's core New England/Mid-Atlantic turf.
- PNC Financial Services Group
Dominant Mid-Atlantic bank; top US treasury management rival in PA/NJ/MD.
- Truist Financial
Top-10 bank with 170+ DC branches contesting Mid-Atlantic commercial markets.
- KeyCorp
Albany-rooted super-regional sharing M&T's upstate New York banking turf.
- Huntington Bancshares
M&T's closest former asset-size twin; Fitch-paired in regional bank reviews.
- Fifth Third
Asset-size comp enlarged by 2026 Comerica merger; Fitch-grouped with M&T.
- Webster Financial
Connecticut's largest bank; overlaps M&T's People's United New England markets.
- Northern Trust
Global custodian and wealth manager contesting the Wilmington Trust franchise.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| PNC Financial Services Group | $256.30 | +5.78% | $96.65B | 13.3 | 11.9 | 2.7 | +21.4% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| KeyCorp | $21.91 | +0.07% | $23.65B | 12.7 | 11.2 | 2.3 | +7.3% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| Northern Trust | $186.79 | +0.01% | $34.17B | 16.0 | 15.7 | 2.3 | −24.9% |
| Median | 13.0 | 11.7 | 2.5 | +9.7% |