Financials M&T Bank Corporation

Equities

MTB

US55261F1049

Banks

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT 5-day change 1st Jan Change
150.7 USD +0.77% Intraday chart for M&T Bank Corporation -1.05% +9.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,403 16,332 19,763 25,039 22,750 25,138 - -
Enterprise Value (EV) 1 22,403 16,332 19,763 25,039 22,750 25,138 25,138 25,138
P/E ratio 12.3 x 12.8 x 11.1 x 12.6 x 8.68 x 10.7 x 9.34 x 8.62 x
Yield 2.42% 3.46% 2.93% 3.31% 3.79% 3.51% 3.6% 3.77%
Capitalization / Revenue 3.62 x 2.74 x 3.3 x 3.06 x 2.36 x 2.74 x 2.66 x 2.6 x
EV / Revenue 3.62 x 2.74 x 3.3 x 3.06 x 2.36 x 2.74 x 2.66 x 2.6 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.53 x 1.09 x 1.22 x 1.05 x 0.91 x 0.95 x 0.89 x 0.84 x
Nbr of stocks (in thousands) 131,977 128,293 128,685 172,613 165,960 166,854 - -
Reference price 2 169.8 127.3 153.6 145.1 137.1 150.7 150.7 150.7
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,192 5,955 5,992 8,179 9,643 9,180 9,465 9,683
EBITDA - - - - - - - -
EBIT 1 2,789 2,579 2,445 3,472 4,457 3,893 4,090 4,148
Operating Margin 45.04% 43.31% 40.81% 42.45% 46.22% 42.41% 43.21% 42.84%
Earnings before Tax (EBT) 1 2,547 1,770 2,455 2,611 3,619 3,186 3,505 3,660
Net income 1 1,850 1,279 1,777 1,891 2,636 2,368 2,573 2,665
Net margin 29.87% 21.48% 29.66% 23.13% 27.34% 25.8% 27.18% 27.52%
EPS 2 13.75 9.940 13.80 11.53 15.79 14.10 16.12 17.47
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 4.100 4.400 4.500 4.800 5.200 5.293 5.431 5.677
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,512 1,445 1,983 2,242 2,509 2,405 2,602 2,335 2,300 2,260 2,275 2,309 2,324 2,314 2,344
EBITDA - - - - - - - - - - - - - - -
EBIT 1 604.7 503.4 984.5 1,017 1,150 1,047 1,084 1,057 1,043 862 979 1,004 1,012 938.4 1,022
Operating Margin 39.98% 34.84% 49.65% 45.35% 45.82% 43.51% 41.65% 45.27% 45.35% 38.14% 43.03% 43.47% 43.54% 40.56% 43.6%
Earnings before Tax (EBT) 1 599.9 475.3 277.7 847.5 1,011 926.2 1,160 907 625 664 814.3 851 861 776.5 861.7
Net income 1 434.2 339.6 192.2 620.6 739.1 675.5 840.5 664 457 505 593.6 619.5 628.4 565 629.9
Net margin 28.71% 23.5% 9.7% 27.68% 29.46% 28.08% 32.3% 28.44% 19.87% 22.35% 26.09% 26.83% 27.04% 24.42% 26.87%
EPS 2 3.370 2.620 1.080 3.530 4.290 4.010 5.050 3.980 2.740 3.020 3.527 3.719 3.810 3.456 3.981
Dividend per Share 2 1.200 1.200 1.200 1.200 1.200 1.300 1.300 1.300 1.300 1.300 1.308 1.336 1.338 1.328 1.331
Announcement Date 1/20/22 4/20/22 7/20/22 10/19/22 1/19/23 4/17/23 7/19/23 10/18/23 1/18/24 4/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.9% 8.72% 11.5% 8.67% 11.1% 9.28% 9.97% 10.5%
ROA (Net income/ Total Assets) 1.61% 1% 1.22% 1.05% 1.33% 1.14% 1.23% 1.25%
Assets 1 114,876 127,907 145,655 180,141 198,195 208,265 209,654 213,173
Book Value Per Share 2 111.0 116.0 126.0 138.0 150.0 158.0 170.0 180.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/23/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
150.7 USD
Average target price
164.1 USD
Spread / Average Target
+8.93%
Consensus
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