MTB M&T Bank PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: MTB
- PE Ratio
As at Jul 7, 2025, the MTB stock has a price-to-earnings ratio of 13.38. This is based on the current EPS of $15 and the stock price of $200.67 per share. An increase of 9% has been recorded in the PE ratio compared to the average of 12.2 of the last four quarters.
MTB PE ratio history
The mean historical PE ratio of M&T Bank over the last ten years is 13.38. The current 13.38 P/E ratio is similar to 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.
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 |
|---|---|---|---|---|
| Mar 2025 | 11.92 | -6.73% | $178.75 | $15 |
| 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 |
MTB Price vs fair value
MTB average PE ratio chart
MTB's current P/E ratio is above the 3 and 5-year averages.
MTB PE vs 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 13.38 is similar to the average of its peer group, which is 13.57.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SHBI Shore Bancshares Inc | 11.1 | $552.01M |
| BKU BankUnited Inc | 11.54 | $2.8B |
| WTFC Wintrust Financial Corp | 12.72 | $8.74B |
| MTB M&T Bank Corp | 13.38 | $32.21B |
| PNC Pnc Financial Services Group Inc | 13.84 | $77.63B |
| NBTB Nbt Bancorp Inc | 14.24 | $2.05B |
| BAC Bank Of America Corp | 14.35 | $366.5B |
| WFC Wells Fargo & Company | 14.63 | $267.95B |
| CBSH Commerce Bancshares Inc | 16.11 | $8.66B |
| EGBN Eagle Bancorp Inc | N/A | $620M |
Frequently asked questions
What is M&T Bank's PE ratio?
As of Jul 7, 2025, MTB stock has a price to earnings ratio of 13.38.
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 10.92.
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 11.38.
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?
The current price to earnings ratio of MTB is the same as 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 (Jul 7, 2025), M&T Bank's stock price is $200.67. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $15. Therefore, M&T Bank's PE ratio for today is 13.38. PE RATIO(13.38) = STOCK PRICE($200.67) / TTM EPS($15)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.