M&T Bank (MTB)
Regional commercial and retail banking with Wilmington Trust wealth and institutional services.
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Provides commercial and retail banking, mortgage and equipment finance, and Wilmington Trust wealth and institutional services across the eastern U.S. Earns mainly from deposit-funded lending, with fees from servicing, cash management, trust, and investment activities.
Runs a regional banking franchise across the Northeast and Mid-Atlantic, organized into Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The banking businesses gather deposits and extend commercial, real-estate, consumer, and residential-mortgage credit; equipment finance, cash management, and mortgage servicing broaden the mix.
Pairs local regional leadership with a large-bank product set, while Wilmington Trust supplies wealth management, trust, fiduciary, and institutional services in selected U.S. and international markets. Most activity remains domestic, and the branch network extends from Maine to Virginia and Washington, D.C.
Earnings depend on credit quality, deposit retention, and the spread between interest earned on assets and paid on funding. Capital, liquidity, consumer protection, and fiduciary activities remain subject to federal and state oversight.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | Morgan Stanley | Upgrade | Target: $253 | Target: $304 |
| Aug 19, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $262 | Target: $285 |
| Aug 3, 2026 | UBS | Reiterate | Rating: —Target: $280 | Target: $255 |
| Jul 29, 2026 | UBS | Target | Target: $252 | Target: $280 |
| Jul 22, 2026 | Deutsche Bank | Downgrade | Rating: —Target: — | Target: $250 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.94B · Total debt $18.18B · Total assets $219.26B · Shareholders' equity $27.95B
- Revenue
- $3.36B
- Operating income
- $1.27B
- Net income
- $818.0M
HistoryDividendAnnual yield
| Institutions | 91.98% | 132.83M shares | |
|---|---|---|---|
| 1,185 holders · as of Jun 30, 2026 | |||
| Insiders | 0.32% | 457.8K shares | |
| 27 holders · as of Sep 16, 2026 | |||
| Other | 7.70% | 11.12M shares | |
| remainder | |||
144.42M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.90% | 12.85M | as of Jun 30, 2026 |
FMR LLCInstitution | 8.60% | 12.42M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 6.79% | 9.80M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.62% | 9.57M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.93% | 7.11M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Rene F. Jones | director, officer: Chairman of the Board and CEO | −19,396 | $239.35 |
| Aug 21, 2026 | Rudina Seseri | director | −623 | $241.05 |
| Aug 17, 2026 | John R. Taylor | officer: EVP and Controller | −1,217 | $253.84 |
| Aug 5, 2026 | Kirk W. Walters | director | −9 | $253.77 |
| Aug 3, 2026 | Richard H. Jr. Ledgett | director | −855 | $248.16 |
- Citizens Financial Group
Super-regional sharing M&T's core New England/Mid-Atlantic turf.
- PNC Financial Services Group
Dominant Mid-Atlantic bank; top US treasury management rival in PA/NJ/MD.
- Truist Financial
Top-10 bank with 170+ DC branches contesting Mid-Atlantic commercial markets.
- KeyCorp
Albany-rooted super-regional sharing M&T's upstate New York banking turf.
- Huntington Bancshares
M&T's closest former asset-size twin; Fitch-paired in regional bank reviews.
- Fifth Third
Asset-size comp enlarged by 2026 Comerica merger; Fitch-grouped with M&T.
- Northern Trust
Global custodian and wealth manager contesting the Wilmington Trust franchise.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| M&T Bank | $224.25 | −1.19% | $32.89B | 12.0 | 11.3 | 2.6 | +5.7% |
| Citizens Financial Group | $65.84 | −2.26% | $28.49B | 14.6 | 11.2 | 2.5 | +12.1% |
| PNC Financial Services Group | $228.73 | −1.94% | $93.07B | 12.8 | 11.2 | 2.6 | +21.4% |
| Truist Financial | $47.98 | −2.09% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| KeyCorp | $20.51 | −1.75% | $22.53B | 12.1 | 10.5 | 2.1 | +7.3% |
| Huntington Bancshares | $15.67 | −2.29% | $32.41B | 12.0 | 9.2 | 2.2 | +47.4% |
| Fifth Third | $52.89 | −0.79% | $48.32B | 18.2 | 12.2 | 3.2 | +45.2% |
| Northern Trust | $174.74 | −2.35% | $32.74B | 15.4 | 14.7 | 2.2 | −24.9% |
| Median | 12.8 | 11.2 | 2.2 | +12.1% |