MTB M&T Bank PE ratio, current and historical analysis

As at Apr 21, 2025, the MTB stock has a price-to-earnings ratio of 10.66. This is based on the current EPS of $14.71 and the stock price of $156.77 per share. A decrease of 9% has been recorded in the PE ratio compared to the average of 11.7 of the last four quarters.

MTB PE ratio history

How has MTB's PE ratio performed in the past

The mean historical PE ratio of M&T Bank over the last ten years is 13.5. The current 10.66 P/E ratio is 21% lower than the historical average. In the past ten years, MTB's PE ratio peaked in the Mar 2018 quarter at 20.88, with a price of $184.36 and an EPS of $8.83. The Sep 2023 quarter marked the lowest point at 7.22, with a price of $126.45 and an EPS of $17.51.

Today
10.95
Average
13.5
Median
12.81
Minimum
7.22
Maximum
20.88

M&T Bank PE ratio by year

Maximum annual increase: 47.75% in 2024

Maximum annual decrease: -42.73% in 2018

Year PE ratio PE change Price EPS
2024 12.78 47.75% $188.01 $14.71
2023 8.65 -30.91% $137.08 $15.85
2022 12.52 12.59% $145.06 $11.59
2021 11.12 -13.19% $153.58 $13.81
2020 12.81 3.81% $127.3 $9.94
2019 12.34 9.88% $169.75 $13.76
2018 11.23 -42.73% $143.13 $12.75
2017 19.61 -2.24% $170.99 $8.72
2016 20.06 19.55% $156.43 $7.8
2015 16.78 -0.24% $121.18 $7.22
2014 16.82 19.38% $125.62 $7.47
2013 14.09 8.3% $116.42 $8.26
2012 13.01 8.6% $98.47 $7.57
2011 11.98 -21.29% $76.34 $6.37
2010 15.22 -34.03% $87.05 $5.72

M&T Bank PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Dec 2024 12.78 -2.52% $188.01 $14.71
Sep 2024 13.11 17.37% $178.12 $13.59
Jun 2024 11.17 14.21% $151.36 $13.55
Mar 2024 9.78 13.06% $145.44 $14.87
Dec 2023 8.65 19.81% $137.08 $15.85
Sep 2023 7.22 -0.41% $126.45 $17.51
Jun 2023 7.25 -20.77% $123.76 $17.06
Mar 2023 9.15 -26.92% $119.57 $13.07
Dec 2022 12.52 -24.53% $145.06 $11.59
Sep 2022 16.59 12.17% $176.32 $10.63
Jun 2022 14.79 14.39% $159.39 $10.78
Mar 2022 12.93 16.28% $169.5 $13.11
Dec 2021 11.12 3.93% $153.58 $13.81
Sep 2021 10.7 -4.21% $149.34 $13.96
Jun 2021 11.17 -16.45% $145.31 $13.01

MTB average PE ratio chart

What is the average PE ratio of MTB for the past years

MTB's current P/E ratio is lower than the 3, 5 and 10-year averages.

3-year avg
11.18
5-year avg
11.26
10-year avg
13.5
15-year avg
13.84

MTB PE vs peers

What is MTB's PE ratio compared to its peers

MTB's PE ratio stands lower than its peer stocks BAC and WFC, but it is higher than WTFC's and BKU's. M&T Bank's current PE ratio of 10.66 is lower than the average of its peers, which is 12.01.

Stock name PE ratio Market cap
SHBI Shore Bancshares Inc 9.64 $424.24M
WTFC Wintrust Financial Corp 10.13 $7.07B
BKU BankUnited Inc 10.15 $2.35B
MTB M&T Bank Corp 10.95 $26.47B
PNC Pnc Financial Services Group Inc 11.15 $60.69B
BAC Bank Of America Corp 11.7 $289.21B
WFC Wells Fargo & Company 12.15 $216.89B
NBTB Nbt Bancorp Inc 13.75 $1.94B
CBSH Commerce Bancshares Inc 15.43 $8.02B
EVBN Evans Bancorp Inc 17.29 $207.94M
EGBN Eagle Bancorp Inc N/A $622.36M

Frequently asked questions

What is M&T Bank's PE ratio?

As of Apr 21, 2025, MTB stock has a price to earnings ratio of 10.66.

What is the 3-year average PE ratio for M&T Bank (MTB)?

The average PE ratio for MTB stock over the past 3 years is 11.18.

What is the 5-year average PE ratio for M&T Bank (MTB)?

The average PE ratio for MTB stock over the past 5 years is 11.26.

What is the highest PE ratio for MTB?

Over the last ten years, the quarterly PE ratio reached a historic high of 20.88 in the Mar 2018 quarter.

How does the current PE ratio for MTB compare to its historical average?

MTB's current price to earnings ratio is 21% below its 10-year historical average.

How is MTB's PE ratio calculated (M&T Bank PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 21, 2025), M&T Bank's stock price is $156.77. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $14.71. Therefore, M&T Bank's PE ratio for today is 10.66. PE RATIO(10.66) = STOCK PRICE($156.77) / TTM EPS($14.71)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.