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Track MTB free→M&T Bank (MTB)
NYSEFinancialsBanks - RegionalSnapshot 2026-06-15
Watch· this month
$225.91-2.57%
Close 2026-06-15 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is neutral, and earnings quality is also neutral. Management's recent track record has been steady, and it has a capital-friendly approach. Risk is low, but the sector backdrop is a headwind, with performance compared to sector peers being typical. Peer multiples imply a price roughly in line with where it trades (about fair); the read is fair. If sector bellwethers like HDB, IBN, and PNC keep beating earnings and guiding higher, that could positively influence MTB. This read is provisional.
as of 2026-06-15
Quick facts
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Banks - Regional
- Market cap
- $33.96B
- Employees
- —
- IPO date
- 1994-03-18
- Next earnings
- 2026-07-15
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $225.91. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$220.83consensus
Range $216.55 – $237.52
vs price: +2% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$292.86consensus
Range $256.41 – $294.10
vs price: -23% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peershigh confidence
At $226 MTB trades at 13× p/e, in line with its 12× p/e peer median. Our $221 fair value reflects that, high confidence. Analysts: $225–$253. Not investment advice.
Multiple (P/E)
12.6x
peer 12.2x · own history 12.1x
Premium
1.0x peer
1.0x its own history
Growth the price needs
2%
our forecast 7%
Our fair value
$220.83
range $216.55 – $237.33
Analyst range(a guide on our number, not a target)Our number is in the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair12-month view
What's priced inJustified
The market is pricing in roughly 2% near-term growth, in line with our forecast of about 7%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=4936).
39th pctl · Financials
Earnings quality
neutralOver the trailing year it converted 1.15x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
42nd pctl · Financials
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
stableEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Bearish14 analysts, 30% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $4.63 → $4.66 (+0.6% / 30d). 2 raised, 13 cut, 14 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 30% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: financials is in growth, with decelerating (~3.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Growth by revenue growth · theme capital-markets/rates.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- strong
- Margin discipline
- neutral
- Balance sheet
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$98.
How much price usually moves either way.
On a bad day, this stock has moved -$223.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,699.
Deepest peak-to-trough drop in the last year.
lowas of 2026-06-15
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceQuartersactive 4d
Watch for Q1 2024 net charge-offs exceeding $150 million
Why it matters: Higher charge-offs may show worse credit quality. This is important in commercial real estate.
What confirms / what disproves
Confirms:Net charge-offs reported above $150 million for Q1 2024.
Disproves:Net charge-offs reported below $150 million for Q1 2024.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for MTB yet.
This sector is also watching
- Watch for revenue growth dropping below 10% across major banks
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like HDB, IBN, and PNC keep beating earnings and guiding higher, the Financials sector momentum should keep lifting MTB and other Financials names. Worth watching these names for early signals.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would benefit MTB and other Financials names (the sector typically holds up well in inflationary environments).
Downside triggers
- If sector bellwethers like HDB, IBN, and PNC start missing or guiding lower, the Financials tailwind helping MTB and other Financials names could fade. Watch these names for early warning.
- If the Fed starts cutting rates from the current 3.62%, that would weigh on MTB and other Financials names, since the sector usually outperforms when rates stay high.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits MTB and other Financials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-152mo agoItem 2.02
of this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liability of such section, nor shall it be deemed incorporated by reference in any filing of M&T under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific referenc…
Earnings preannouncementneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.