M&T Bank (MTB) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), M&T Bank had a P/E ratio of 11.47 (down from 12.74), return on equity of 9.8% (up from 9.3%), debt-to-equity of 0.49 (down from 0.52) and return on assets of 1.4% (up from 1.2%). Its dividend yield was 2.80% with a payout ratio of 36.6%.

M&T Bank Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.47	12.74	8.63	13.24	11.12	12.77
Forward P/E	11.07	12.12	9.69	7.71	12.92	12.04
P/S Ratio	3.37	3.60	2.53	3.27	3.26	3.17
P/B Ratio	1.06	1.07	0.84	0.99	1.10	1.01
Price/Tangible Book	1.74	1.73	1.39	1.71	1.71	1.58
Price/FCF	10.83	9.19	6.24	5.74	7.70	26.47
Price/OCF	10.31	8.64	5.83	5.47	7.28	20.69
PEG Ratio	0.86	2.17	1.02	0.59	0.97	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	9.80%	9.25%	10.49%	9.22%	10.91%	8.48%
Return on Assets (ROA)	1.35%	1.24%	1.34%	1.12%	1.25%	1.03%
Leverage & Solvency Ratios
Debt/Equity	0.49	0.52	0.56	0.38	0.23	0.31
Debt/FCF	4.95	4.47	4.16	2.20	1.58	8.19
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	9.21%	8.30%	12.05%	7.96%	9.41%	8.28%
FCF Yield	9.24%	10.88%	16.04%	17.41%	12.98%	3.78%
Dividend Yield	2.80%	2.84%	3.80%	3.25%	2.93%	4.05%
Payout Ratio	36.65%	39.92%	35.32%	44.23%	34.86%	47.03%
Buyback Yield	5.10%	-0.19%	-1.81%	-27.34%	-0.08%	4.28%
Total Return	7.89%	2.65%	1.99%	-24.10%	2.85%	8.33%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About M&T Bank Financial Ratios

What is M&T Bank's P/E ratio?

M&T Bank's P/E ratio was 11.47 for fiscal 2025 (period ended Dec 31, 2025). It was 12.74 a year earlier.

What is M&T Bank's return on equity?

M&T Bank's return on equity (ROE) was 9.8% for fiscal 2025 (period ended Dec 31, 2025). It was 9.3% a year earlier.

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

M&T Bank's debt-to-equity ratio was 0.49 for fiscal 2025 (period ended Dec 31, 2025). It was 0.52 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition