Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.11 | 12.19 | 10.79 | 10.25 | 11.44 | 13.46 | 12.18 | 11.08 | 10.14 | 12.04 | 12.51 | 7.94 | 6.13 | 7.45 | 8.45 | 12.49 | 36.90 | 16.17 | 11.39 | 10.12 | 10.65 |
| — | -9.4% | -11.4% | -7.5% | +12.7% | +11.8% | -2.6% | +39.5% | +65.6% | +61.5% | +48.0% | -36.4% | -83.4% | -53.9% | -25.8% | +23.4% | +246.3% | +42.1% | +26.0% | +20.9% | -28.7% | |
| P/S Ratio | 2.85 | 2.51 | 2.37 | 3.08 | 2.36 | 2.33 | 2.35 | 2.20 | 1.88 | 1.84 | 1.73 | 1.65 | 1.55 | 1.74 | 2.27 | 3.30 | 3.49 | 3.73 | 3.22 | 3.08 | 3.15 |
| — | +7.9% | +0.7% | +39.9% | +25.3% | +26.3% | +35.6% | +33.8% | +21.3% | +5.8% | -23.6% | -50.2% | -55.6% | -53.4% | -29.6% | +7.3% | +10.6% | +16.5% | +25.3% | +58.4% | +43.7% | |
| P/B Ratio | 1.29 | 1.16 | 1.08 | 1.08 | 1.09 | 1.02 | 1.08 | 1.03 | 0.89 | 0.89 | 0.85 | 0.80 | 0.80 | 0.79 | 0.99 | 1.23 | 1.10 | 1.23 | 1.11 | 1.10 | 1.12 |
| — | +13.7% | -0.0% | +4.2% | +21.9% | +13.8% | +27.6% | +28.6% | +11.9% | +12.7% | -14.0% | -34.4% | -27.6% | -35.3% | -10.8% | +11.7% | -1.6% | +3.5% | +9.5% | +49.3% | +33.8% | |
| P/FCF | 12.29 | 8.83 | 16.89 | 7.35 | 9.49 | 12.09 | 4.93 | — | 4.93 | 10.60 | 8.02 | 3.89 | 4.25 | 13.50 | 7.21 | 7.05 | 6.30 | 4.33 | 7.79 | 10.84 | 8.94 |
| — | -26.9% | +242.3% | — | +92.6% | +14.0% | -38.5% | — | +15.9% | -21.4% | +11.2% | -44.8% | -32.6% | +212.0% | -7.5% | -35.0% | -29.5% | -14.5% | +17.8% | — | +29.6% | |
| EV / EBITDA | 7.44 | 9.13 | 5.91 | 6.58 | 5.68 | 5.28 | 6.00 | 4.22 | 3.79 | 2.11 | 2.18 | 0.73 | 1.35 | 2.52 | 1.35 | 1.98 | -1.61 | -5.37 | -7.30 | -5.76 | -4.73 |
| — | +72.9% | -1.6% | +55.8% | +49.9% | +149.9% | +175.8% | +477.0% | +180.0% | -16.2% | +60.9% | -63.0% | +184.2% | +146.9% | +118.5% | +134.3% | +66.0% | -50.5% | -361.8% | -203.3% | -191.6% | |
| EV / EBIT | 7.97 | 10.15 | 6.65 | 6.64 | 6.43 | 6.18 | 6.88 | 4.79 | 4.35 | 2.53 | 2.63 | 0.84 | 1.50 | 2.83 | 1.49 | 2.27 | -2.32 | -6.32 | -8.29 | -6.50 | -5.35 |
| — | +64.3% | -3.3% | +38.7% | +47.8% | +144.7% | +162.0% | +472.4% | +190.3% | -10.7% | +76.5% | -63.2% | +164.7% | +144.8% | +118.0% | +135.0% | +56.7% | -55.9% | -364.0% | -191.1% | -164.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.6% | 71.3% | 70.5% | 95.0% | 69.0% | 68.6% | 66.5% | 65.2% | 63.8% | 61.7% | 62.3% | 68.3% | 73.9% | 78.3% | 79.1% | 90.7% | 94.4% | 97.7% | 99.4% | 99.6% | 99.1% |
| — | +4.0% | +6.0% | +45.7% | +8.1% | +11.3% | +6.7% | -4.4% | -13.6% | -21.2% | -21.2% | -24.7% | -21.8% | -19.9% | -20.4% | -9.0% | -4.7% | -1.6% | +7.8% | +15.4% | +34.6% | |
| Operating Margin | 30.0% | 26.8% | 29.1% | 40.8% | 28.4% | 24.0% | 26.4% | 26.8% | 25.3% | 20.1% | 19.0% | 28.3% | 34.9% | 32.0% | 36.7% | 36.1% | 13.6% | 32.4% | 39.0% | 42.1% | 40.8% |
| — | +11.5% | +10.4% | +52.2% | +12.0% | +19.3% | +39.2% | -5.4% | -27.4% | -37.1% | -48.3% | -21.6% | +156.1% | -1.1% | -6.0% | -14.1% | -66.6% | -16.9% | +0.0% | +31.5% | +98.5% | |
| Net Margin | 23.2% | 20.6% | 22.8% | 31.5% | 21.7% | 18.4% | 20.4% | 21.3% | 19.4% | 16.1% | 14.6% | 21.6% | 26.1% | 24.3% | 27.8% | 27.6% | 10.7% | 24.7% | 29.8% | 31.7% | 30.9% |
| — | +11.8% | +11.7% | +48.2% | +12.0% | +14.5% | +39.4% | -1.4% | -25.7% | -33.7% | -47.4% | -21.8% | +144.5% | -1.6% | -6.7% | -13.1% | -65.4% | -16.1% | +0.6% | +29.7% | +94.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 2.3% | 2.6% | 2.8% | 2.5% | 2.0% | 2.4% | 2.5% | 2.4% | 2.0% | 1.8% | 2.7% | 3.4% | 2.8% | 3.0% | 2.5% | 1.0% | 2.0% | 2.6% | 2.9% | 2.8% |
| — | +15.4% | +11.4% | +9.9% | +5.7% | +2.6% | +29.6% | -5.2% | -30.5% | -29.2% | -40.0% | +4.8% | +240.1% | +36.8% | +17.1% | -12.4% | -63.9% | -26.1% | -11.4% | +24.6% | +82.0% | |
| ROA | 1.4% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.4% | 0.3% | 0.4% | 0.3% | 0.1% | 0.2% | 0.3% | 0.3% | 0.3% |
| — | +11.1% | +10.2% | +9.3% | +9.8% | +11.3% | +40.3% | +3.5% | -26.8% | -27.9% | -39.8% | +2.9% | +243.6% | +46.4% | +28.7% | -1.8% | -59.6% | -22.2% | -11.0% | +22.4% | +66.7% | |
| ROIC | 6.5% | 1.5% | 1.7% | 1.8% | 1.7% | 1.4% | 1.5% | 1.6% | 1.5% | 1.2% | 1.2% | 1.7% | 2.1% | 1.9% | 2.4% | 2.1% | 0.8% | 1.7% | 2.1% | 2.4% | 2.3% |
| — | +6.4% | +9.8% | +13.9% | +14.4% | +14.8% | +32.4% | -7.1% | -32.1% | -37.9% | -52.0% | -21.5% | +164.5% | +14.8% | +14.8% | -10.3% | -64.0% | -23.9% | -4.1% | +43.0% | +114.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.68 | 0.45 | 0.52 | 0.51 | 0.42 | 0.47 | 0.49 | 0.57 | 0.60 | 0.50 | 0.53 | 0.59 | 0.57 | 0.30 | 0.17 | 0.16 | 0.20 | 0.20 | 0.21 | 0.21 |
| — | +63.4% | -4.9% | +6.2% | -10.5% | -30.4% | -6.1% | -7.1% | -4.7% | +4.9% | +68.8% | +205.2% | +270.4% | +191.5% | +50.5% | -15.7% | -25.3% | -9.6% | -28.1% | -39.9% | -46.3% | |
| Debt / EBITDA | 3.30 | 19.82 | 11.95 | 14.48 | 13.65 | 13.55 | 13.52 | 13.76 | 16.38 | 20.46 | 17.90 | 13.36 | 11.93 | 13.92 | 6.76 | 4.49 | 10.34 | 6.25 | 5.19 | 4.86 | 5.24 |
| — | +46.3% | -11.6% | +5.2% | -16.7% | -33.8% | -24.5% | +3.0% | +37.2% | +47.0% | +164.7% | +197.5% | +15.4% | +122.5% | +30.3% | -7.6% | +97.3% | +18.2% | -18.1% | -49.5% | -68.0% | |
| Current Ratio | 0.32 | 0.32 | 0.32 | 0.23 | 0.34 | 0.23 | 0.22 | 0.23 | 0.22 | 0.24 | 0.25 | 0.28 | 0.26 | 0.22 | 0.23 | 0.24 | 0.27 | 0.37 | 0.36 | 0.39 | 0.36 |
| — | +38.1% | +46.7% | -2.4% | +54.8% | -4.8% | -12.6% | -14.7% | -13.4% | +8.6% | +7.1% | +16.6% | -6.0% | -38.8% | -35.5% | -38.8% | -23.6% | +9.0% | +40.9% | +39.4% | +24.0% | |
| Quick Ratio | 0.32 | 0.32 | 0.32 | 0.23 | 0.34 | 0.23 | 0.22 | 0.23 | 0.22 | 0.24 | 0.25 | 0.28 | 0.26 | 0.22 | 0.23 | 0.24 | 0.27 | 0.37 | 0.36 | 0.39 | 0.36 |
| — | +38.1% | +46.7% | -2.4% | +54.8% | -4.8% | -12.6% | -14.7% | -13.4% | +8.6% | +7.1% | +16.6% | -6.0% | -38.8% | -35.5% | -38.8% | -23.6% | +9.0% | +40.9% | +39.4% | +24.0% | |
| Interest Coverage | 1.04 | 1.10 | 1.13 | 1.12 | 1.04 | 0.88 | 0.90 | 0.86 | 0.80 | 0.62 | 0.61 | 1.05 | 1.62 | 1.82 | 4.13 | 8.24 | 5.20 | 19.74 | 24.26 | 25.57 | 21.62 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MTB stock.
M&T Bank Corporation's current P/E is 14.1x. The average P/E over the last 4 quarters is 11.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
M&T Bank Corporation's current operating margin is 30.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking M&T Bank Corporation's business trajectory between earnings reports.