M&T Bank (MTB)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from MTB's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from M&T Bank's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.0B | $1.5B | $1.5B | $1.5B | $1.7B |
| Net income | $1.9B | $2.0B | $2.7B | $2.6B | $2.9B |
| Free cash flow | $2.6B | $4.4B | $3.6B | — | — |
| EPS (diluted) | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 |
| Operating margin | — | — | — | — | — |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own MTB
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Bill Smead Smead Capital Management |
Trimmed | $66M | 1.4% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $50M | 0.02% | Q2 2026 |
| John Rogers Ariel Investments |
Trimmed | $42M | 0.41% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $5M | 0.04% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $838,747 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by M&T Bank's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $182.24 | — |
| Nov 18, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $182.24 | — |
| Oct 29, 2025 | Ro Khanna |
0 | $181.15 | — |
| Oct 29, 2025 | Ro Khanna |
0 | $181.15 | — |
| Oct 28, 2025 | Ro Khanna |
0 | $181.56 | — |
| Oct 28, 2025 | Ro Khanna |
0 | $181.56 | — |
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In the full deep dive
Questions
Are M&T Bank insiders buying the stock?
6 open-market insider purchases of MTB in the last 12 months, from SEC Form 4 filings.
Which superinvestors own M&T Bank?
5 of the superinvestors Investingly tracks hold MTB in their latest 13F, including Bill Smead, Cliff Asness, John Rogers.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.