What is M&T Bank US's earnings per share (EPS)?

M&T Bank US (MTB) reported diluted earnings per share of $17.00 for fiscal year 2025. This represents a 16.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

M&T Bank US Financials

MTB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows M&T Bank US (MTB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Strong

7/9

M&T Bank US passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, M&T Bank US generates $1.05 in operating cash flow ($3.0B OCF vs $2.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+7.5%

5Y CAGR-22.6%

10Y CAGR-9.8%

M&T Bank US generated $1.7B in revenue in fiscal year 2025. This represents an increase of 7.5% from the prior year.

EBITDA

N/A

Net Income

$2.9B

YoY+10.2%

5Y CAGR+16.1%

10Y CAGR+10.2%

M&T Bank US reported $2.9B in net income in fiscal year 2025. This represents an increase of 10.2% from the prior year.

EPS (Diluted)

$17.00

YoY+16.1%

5Y CAGR+11.3%

10Y CAGR+9.0%

M&T Bank US earned $17.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$18.8B

YoY-9.7%

5Y CAGR+64.6%

10Y CAGR+29.9%

M&T Bank US held $18.8B in cash against $10.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$5.70

YoY+6.5%

10Y CAGR+7.4%

M&T Bank US paid $5.70 per share in dividends in fiscal year 2025. This represents an increase of 6.5% from the prior year.

Shares Outstanding

149M

YoY-9.3%

10Y CAGR-0.7%

M&T Bank US had 149M shares outstanding in fiscal year 2025. This represents a decrease of 9.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

172.1%

YoY+4.1pp

5Y CAGR+149.3pp

10Y CAGR+148.9pp

M&T Bank US's net profit margin was 172.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.1 percentage points from the prior year.

Return on Equity

9.8%

YoY+0.8pp

5Y CAGR+1.4pp

10Y CAGR+3.1pp

M&T Bank US's ROE was 9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$2.6B

YoY+564.4%

5Y CAGR+47.7%

M&T Bank US spent $2.6B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 564.4% from the prior year.

Capital Expenditures

N/A

MTB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.7B+7.5%	$1.5B-84.0%	$9.6B+17.9%	$8.2B+36.5%	$6.0B+0.6%	$6.0B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.5B-15.2%	$4.2B+34.3%	$3.1B+631.5%	$425.0M+272.8%	$114.0M-65.1%	$326.4M
Income Tax	$841.0M+16.5%	$722.0M-17.8%	$878.0M+41.6%	$620.0M+4.0%	$596.0M+43.1%	$416.4M
Net Income	$2.9B+10.2%	$2.6B-5.6%	$2.7B+37.6%	$2.0B+7.2%	$1.9B+37.4%	$1.4B
EPS (Diluted)	$17.00+16.1%	$14.64-7.3%	$15.79+36.9%	$11.53-16.4%	$13.80+38.8%	$9.94

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$420.0M-0.7%	$423.0M+1.4%	$417.0M+5.0%	$397.0M+1.3%	$392.0M-0.5%	$394.0M+1.5%	$388.0M+5.7%	$367.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$858.0M-6.6%	$919.0M+2.6%	$896.0M+3.6%	$865.0M-11.6%	$979.0M-7.6%	$1.1B-1.1%	$1.1B+0.6%	$1.1B
Income Tax	$212.0M-9.0%	$233.0M+6.4%	$219.0M+23.7%	$177.0M-11.9%	$201.0M+6.9%	$188.0M-6.0%	$200.0M+50.4%	$133.0M
Net Income	$759.0M-4.2%	$792.0M+10.6%	$716.0M+22.6%	$584.0M-14.2%	$681.0M-5.5%	$721.0M+10.1%	$655.0M+23.4%	$531.0M
EPS (Diluted)	N/A	$4.82+13.7%	$4.24+27.7%	$3.32	N/A	$4.02+7.8%	$3.73+23.5%	$3.02

MTB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$213.5B+2.6%	$208.1B-0.1%	$208.3B+3.8%	$200.7B+29.4%	$155.1B+8.8%	$142.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$18.8B-9.7%	$20.8B-30.3%	$29.8B+12.5%	$26.5B+1879.0%	$1.3B-13.8%	$1.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$8.5B0.0%	$8.5B0.0%	$8.5B-0.3%	$8.5B+84.8%	$4.6B0.0%	$4.6B
Total Liabilities	$184.3B+2.9%	$179.1B-1.2%	$181.3B+3.4%	$175.4B+27.8%	$137.2B+8.5%	$126.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.9B-13.4%	$12.6B+53.7%	$8.2B+106.8%	$4.0B+13.8%	$3.5B-20.5%	$4.4B
Total Equity	$29.2B+0.5%	$29.0B+7.7%	$27.0B+6.5%	$25.3B+41.4%	$17.9B+10.6%	$16.2B
Retained Earnings	$20.9B+9.5%	$19.1B+8.9%	$17.5B+11.2%	$15.8B+7.6%	$14.6B+8.9%	$13.4B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$213.5B+1.1%	$211.3B-0.1%	$211.6B+0.6%	$210.3B+1.1%	$208.1B-1.7%	$211.8B+1.4%	$208.9B-2.9%	$215.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$18.8B+862.5%	$1.9B-8.4%	$2.1B+0.9%	$2.1B-89.9%	$20.8B+837.8%	$2.2B+24.6%	$1.8B+4.9%	$1.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$8.5B0.0%	$8.5B0.0%	$8.5B0.0%	$8.5B0.0%	$8.5B0.0%	$8.5B0.0%	$8.5B0.0%	$8.5B
Total Liabilities	$184.3B+1.0%	$182.5B-0.3%	$183.1B+1.0%	$181.3B+1.3%	$179.1B-2.1%	$182.9B+1.4%	$180.4B-4.0%	$188.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$10.9B-15.6%	$12.9B+4.4%	$12.4B+17.9%	$10.5B-16.7%	$12.6B+8.8%	$11.6B+2.3%	$11.3B-1.1%	$11.4B
Total Equity	$29.2B+1.6%	$28.7B+0.7%	$28.5B-1.6%	$29.0B-0.1%	$29.0B+0.5%	$28.9B+1.6%	$28.4B+4.6%	$27.2B
Retained Earnings	$20.9B+2.4%	$20.4B+2.6%	$19.9B+2.4%	$19.4B+1.7%	$19.1B+2.3%	$18.7B+2.5%	$18.2B+2.2%	$17.8B

MTB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.0B-16.8%	$3.6B-7.6%	$3.9B-14.6%	$4.6B+68.5%	$2.7B+244.0%	$789.2M
Capital Expenditures	N/A	N/A	$256.0M+19.6%	$214.0M+43.6%	$149.0M-13.4%	$172.0M
Free Cash Flow	N/A	N/A	$3.6B-16.3%	$4.4B+69.9%	$2.6B+315.8%	$617.2M
Investing Cash Flow	-$6.8B+30.1%	-$9.7B-104.6%	-$4.8B-128.7%	$16.6B+221.7%	-$13.6B+38.1%	-$22.0B
Financing Cash Flow	$1.8B+162.5%	-$2.9B-168.9%	$4.2B+119.9%	-$21.0B-296.1%	$10.7B-49.9%	$21.3B
Dividends Paid	$899.0M+0.4%	$895.0M+3.1%	$868.0M+10.7%	$784.0M+35.2%	$580.0M+2.1%	$568.1M
Share Buybacks	$2.6B+564.4%	$396.0M-33.3%	$594.0M-67.0%	$1.8B	N/A	$373.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$523.0M-47.8%	$1.0B+18.6%	$844.0M+32.9%	$635.0M-62.1%	$1.7B+6085.7%	-$28.0M-102.1%	$1.4B+122.7%	$608.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.8B-383300.0%	$1.0M+100.1%	-$853.0M+60.0%	-$2.1B+69.1%	-$6.9B-398.1%	-$1.4B-124.6%	$5.6B+179.4%	-$7.1B
Financing Cash Flow	$1.3B+206.4%	-$1.2B-4314.3%	$28.0M-98.4%	$1.7B+139.7%	-$4.3B-330.9%	$1.9B+126.9%	-$6.9B-207.1%	$6.4B
Dividends Paid	$228.0M-2.1%	$233.0M+9.4%	$213.0M-5.3%	$225.0M+0.4%	$224.0M-0.4%	$225.0M0.0%	$225.0M+1.8%	$221.0M
Share Buybacks	$502.0M+24.3%	$404.0M-62.2%	$1.1B+63.0%	$656.0M+231.3%	$198.0M0.0%	$198.0M	$0	$0

MTB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	172.1%+4.1pp	167.9%+139.5pp	28.4%+4.1pp	24.4%-6.7pp	31.0%+8.3pp	22.7%
Return on Equity	9.8%+0.8pp	8.9%-1.2pp	10.2%+2.3pp	7.9%-2.5pp	10.4%+2.0pp	8.4%
Return on Assets	1.3%+0.1pp	1.2%-0.1pp	1.3%+0.3pp	1.0%-0.2pp	1.2%+0.3pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.37-0.1	0.43+0.1	0.30+0.1	0.16-0.0	0.19-0.1	0.27
FCF Margin	N/A	N/A	37.8%-15.5pp	53.3%+10.5pp	42.8%+32.5pp	10.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	180.7%-6.5pp	187.2%+15.5pp	171.7%+24.6pp	147.1%-26.6pp	173.7%-9.3pp	183.0%+14.2pp	168.8%+24.1pp	144.7%
Return on Equity	2.6%-0.2pp	2.8%+0.2pp	2.5%+0.5pp	2.0%-0.3pp	2.4%-0.2pp	2.5%+0.2pp	2.3%+0.3pp	1.9%
Return on Assets	0.4%-0.0pp	0.4%+0.0pp	0.3%+0.1pp	0.3%-0.1pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.1pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.37-0.1	0.45+0.0	0.43+0.1	0.36-0.1	0.43+0.0	0.400.0	0.40-0.0	0.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is M&T Bank US's annual revenue?

M&T Bank US (MTB) reported $1.7B in total revenue for fiscal year 2025. This represents a 7.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is M&T Bank US's revenue growing?

M&T Bank US (MTB) revenue grew by 7.5% year-over-year, from $1.5B to $1.7B in fiscal year 2025.

Is M&T Bank US profitable?

Yes, M&T Bank US (MTB) reported a net income of $2.9B in fiscal year 2025, with a net profit margin of 172.1%.

How much debt does M&T Bank US have?

As of fiscal year 2025, M&T Bank US (MTB) had $18.8B in cash and equivalents against $10.9B in long-term debt.

What is M&T Bank US's net profit margin?

M&T Bank US (MTB) had a net profit margin of 172.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does M&T Bank US pay dividends?

Yes, M&T Bank US (MTB) paid $5.70 per share in dividends during fiscal year 2025.

What is M&T Bank US's return on equity (ROE)?

M&T Bank US (MTB) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is M&T Bank US's operating cash flow?

M&T Bank US (MTB) generated $3.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are M&T Bank US's total assets?

M&T Bank US (MTB) had $213.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Does M&T Bank US buy back shares?

Yes, M&T Bank US (MTB) spent $2.6B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does M&T Bank US have outstanding?

M&T Bank US (MTB) had 149M shares outstanding as of fiscal year 2025.

What is M&T Bank US's debt-to-equity ratio?

M&T Bank US (MTB) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is M&T Bank US's return on assets (ROA)?

M&T Bank US (MTB) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is M&T Bank US's Piotroski F-Score?

M&T Bank US (MTB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are M&T Bank US's earnings high quality?

M&T Bank US (MTB) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.