MTB

NYSE

M&T BANK CORP

Financials, Regional Banks

$250.45

close 7 Aug 2026

+34.28%

52-week change

$36.17B

market cap

$174.76

$255.00

52-week range

Expected price

$207.58 – $253.71

Current price

$250.45

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)13.26x

P/S (TTM)3.45x

P/B1.29x

EV/EBITDA (TTM)—

FCF yield (TTM)—

PEG (TTM, GAAP)0.96

Context

P/E, own 5-year average11.96x

P/E, sector median16.04x*

Price at 5-year median P/E$229.91*

Indicated dividend yield2.40%

Forward — analyst consensus

Forward P/E (FY2026)12.98x*

Forward P/E (FY2027)11.89x

Forward PEG1.42*

Consensus EPS FY2026 (14 analysts)$19.30

EPS growth (FY2026→FY2027)9.17%

Revenue growth (FY2026)3.67%

Street view

Price target (mean)$255.97*

Target upside2.20%

Ratings (buy / hold / sell)4 / 15 / 1

FY2026 EPS revisions, 30d (up / down)11 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$250.45

Cash & equivalents—

Total debt$4.62B

Shares outstanding144.42M

Result

DCF price per share—

Current price$250.45

Margin of safety—

PV of years 1–10$31.35B

PV of terminal value$51.31B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	Terminal
Growth, %											2.5
FCF	$3.83B	$4.02B	$4.22B	$4.44B	$4.66B	$4.89B	$5.13B	$5.39B	$5.66B	$5.94B	$110.77B
PV	$3.55B	$3.45B	$3.35B	$3.26B	$3.17B	$3.08B	$3.00B	$2.91B	$2.83B	$2.75B	$51.31B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026