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M&T Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for M&T Bank and similar public comparables like CTBC Financial Holding, Abu Dhabi Commercial Bank, Capitec Bank, Firstrand and more.
M&T Bank Overview
About M&T Bank
M&T Bank is a US regional bank with around $213 billion in assets as of Dec. 30, 2025. Headquartered in Buffalo, New York, the bank’s footprint is mostly concentrated in New England and the US Mid-Atlantic. M&T Bank boasts a community banking approach, and boasts over 900 branches in 13 states and Washington, D.C. Apart from retail and commercial banking, M&T Bank also has wealth management operations through Wilmington Trust and a partnership with LPL Financial, and a corporate trust business.
Founded
1969
HQ
Employees
22.3K
Website
Sectors
Financials (LTM)
EV
$48B
M&T Bank Financials
M&T Bank reported last 12-month revenue of $10B.
In the same LTM period, M&T Bank generated $3B in net income.
Revenue (LTM)
M&T Bank P&L
In the most recent fiscal year, M&T Bank reported revenue of $10B and net income of $3B.
M&T Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $10B | XXX | $10B | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 28% | XXX | 29% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
M&T Bank Stock Performance
M&T Bank has current market cap of $32B, and enterprise value of $48B.
Market Cap Evolution
M&T Bank's stock price is $215.99.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $48B | $32B | 0.0% | XXX | XXX | XXX | $19.13 |
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Start Free TrialM&T Bank Valuation Multiples
M&T Bank trades at 4.9x EV/Revenue multiple.
EV / Revenue (LTM)
M&T Bank Financial Valuation Multiples
As of March 7, 2026, M&T Bank has market cap of $32B and EV of $48B.
Equity research analysts estimate M&T Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
M&T Bank has a P/E ratio of 11.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $32B | XXX | $32B | XXX | XXX | XXX |
| EV (current) | $48B | XXX | $48B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBIT | 11.3x | XXX | 11.4x | XXX | XXX | XXX |
| P/E | 11.8x | XXX | 11.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 16.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified M&T Bank Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
M&T Bank Margins & Growth Rates
M&T Bank's revenue in the last 12 month grew by 3%.
M&T Bank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
M&T Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 35% | XXX | XXX | XXX |
| Opex to Revenue | 57% | XXX | — | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
M&T Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CTBC Financial Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Capitec Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Firstrand | XXX | XXX | XXX | XXX | XXX | XXX |
| Shinhan Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
M&T Bank M&A Activity
M&T Bank acquired XXX companies to date.
Last acquisition by M&T Bank was on XXXXXXXX, XXXXX. M&T Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by M&T Bank
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialM&T Bank Investment Activity
M&T Bank invested in XXX companies to date.
M&T Bank made its latest investment on XXXXXXXX, XXXXX. M&T Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by M&T Bank
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout M&T Bank
| When was M&T Bank founded? | M&T Bank was founded in 1969. |
| Where is M&T Bank headquartered? | M&T Bank is headquartered in United States. |
| How many employees does M&T Bank have? | As of today, M&T Bank has over 22K employees. |
| Who is the CEO of M&T Bank? | M&T Bank's CEO is Rene F. Jones. |
| Is M&T Bank publicly listed? | Yes, M&T Bank is a public company listed on NYSE. |
| What is the stock symbol of M&T Bank? | M&T Bank trades under MTB ticker. |
| When did M&T Bank go public? | M&T Bank went public in 1973. |
| Who are competitors of M&T Bank? | M&T Bank main competitors are CTBC Financial Holding, Abu Dhabi Commercial Bank, Capitec Bank, Firstrand. |
| What is the current market cap of M&T Bank? | M&T Bank's current market cap is $32B. |
| What is the current revenue of M&T Bank? | M&T Bank's last 12 months revenue is $10B. |
| What is the current revenue growth of M&T Bank? | M&T Bank revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of M&T Bank? | Current revenue multiple of M&T Bank is 4.9x. |
| Is M&T Bank profitable? | Yes, M&T Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of M&T Bank? | M&T Bank's last 12 months net income is $3B. |
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