OverviewSuggest Edit

M&T Bank is a company that provides commercial and retail banking services. It also offers trust and wealth management services, fiduciary and custodial services, investment management services, and insurance agency services, as well as reinsures credit life. The company provides its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines (ATMs).

TypePublic
Founded1856
HQBuffalo, NY, US
Websitemtb.com
Employee Ratings3.3
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)16,998(+4%)
Revenue (FY, 2020)$6 B(-14%)
Share Price (Sept 2021)$137.3(+3%)
Cybersecurity ratingAMore

Key People/Management at M&T Bank

Rene F. Jones

Rene F. Jones

Chairman of the Board and Chief Executive Officer
Richard S. Gold

Richard S. Gold

President and Chief Operating Officer, Director
Robert J. Bojdak

Robert J. Bojdak

Executive Vice President and Chief Credit Officer
William J. Farrell

William J. Farrell

Executive Vice President, Wealth and Institutional Services
Robert T. Brady

Robert T. Brady

Vice Chairman
Kevin J. Pearson

Kevin J. Pearson

Vice Chairman
Show more

M&T Bank Office Locations

M&T Bank has offices in Buffalo, Baltimore and Wilmington
Buffalo, NY, US (HQ)
345 Main St
Baltimore, MD, US
1 Light St
Wilmington, DE, US
1100 N Market St
Show all (3)

M&T Bank Financials and Metrics

M&T Bank Revenue

M&T Bank's revenue was reported to be $5.95 b in FY, 2020
USD

Revenue (Q1, 2021)

505.6m

Net income (Q1, 2021)

447.2m

Market capitalization (15-Sept-2021)

17.7b

Closing stock price (15-Sept-2021)

137.3

Cash (31-Mar-2021)

1.3b

EV

20.0b
M&T Bank's current market capitalization is $17.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

5.6b6.5b6.9b6.0b

Revenue growth, %

15%8%

Cost of goods sold

6.0b526.4m749.3m

Gross profit

(386.8m)5.9b6.2b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.5b1.6b1.6b1.7b1.8b1.8m1.6b1.5b1.5b505.6m

Cost of goods sold

106.6m120.1m138.3m176.2m196.4m199.6m143.6m75.1m58.1m

Gross profit

1.4b1.5b1.5b1.6b1.6b(197.8m)1.5b1.4b1.5b

Gross profit Margin, %

93%92%91%90%89%(11257%)91%95%96%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.4b1.6b1.4b1.6b

Accounts Receivable

87.0b87.4b89.9b96.8b

PP&E

646.5m647.4m1.1b1.2b

Goodwill

4.6b4.6b4.6b4.6b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.3b1.4b1.3b1.3b1.3b1.8b1.3b1.4b1.5b1.3b

Accounts Receivable

86.7b86.8b85.7b87.6b88.8b88.8b92.8b96.1b96.7b97.7b

PP&E

628.7m637.8m634.4m1.0b1.1b1.1b1.2b1.2b1.1b1.1b

Goodwill

4.6b4.6b4.6b4.6b4.6b4.6b4.6b4.6b4.6b4.6b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.4b1.9b1.9b1.4b

Depreciation and Amortization

197.1m179.0m301.3m14.9m

Accounts Payable

(3.1b)(2.3b)4.6b

Cash From Operating Activities

2.8b2.1b2.4b789.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

352.6m845.8m1.4b482.7m956.0m1.4b268.8m509.9m882.0m447.2m

Depreciation and Amortization

45.6m67.1m135.9m72.2m146.1m224.0m77.7m154.5m240.1m2.7m

Accounts Payable

(1.5b)(3.2b)(3.3b)313.8m1.5b5.0b5.4b20.2b20.4b

Cash From Operating Activities

484.2m521.2m1.5b413.3m480.2m1.2b(394.4m)131.1m125.1m994.7m
USDFY, 2017

Revenue/Employee

353.9k

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

7.3 x
Show all financial metrics

M&T Bank Operating Metrics

M&T Bank's Total Loans was reported to be $89.8b in FY, 2019. M&T Bank's Assets Under Management was reported to be $113b in FY, 2019.
FY, 2017FY, 2018FY, 2019

Assets Under Management

$88.25 b$84.9 b$113 b

Bank Branches

780750731

Non-accrual Loans

$883 m$894 m$963 m

Total Loans

$86.71 b$87.2 b$89.78 b
Show all operating metrics

M&T Bank Acquisitions / Subsidiaries

Company NameDateDeal Size
Manufacturers and Traders Trust Company
Wilmington Trust, National Association

M&T Bank Revenue Breakdown

Embed Graph

M&T Bank revenue breakdown by business segment: 9.1% from Business Banking, 18.1% from Commercial Banking, 14.7% from Commercial Real Estate, 6.7% from Residential Mortgage Banking, 27.7% from Retail Banking, 19.9% from All Other and 3.8% from Other

Human Capital Metrics

Source: www3.mtb.com
Embed Graph
Show all human capital metrics

M&T Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

M&T Bank Online and Social Media Presence

Embed Graph

M&T Bank Company Culture

  • Overall Culture

    B

    69/100

  • CEO Rating

    A

    75/100

  • Compensation

    A-

    76/100

  • Diversity

    C-

    60/100

Learn more on Comparably

M&T Bank News and Updates

MamaMancini’s Secures Expanded $10.5 Million Credit Facility from M&T Bank for Acquisition Financing

Expanded Credit Facility Supplements Over $4 Million Cash Balance to Finance Potential Acquisitions

Stocks This Week: Buy Juniper Networks And M&T Bank

Stocks are due to extend the rally. Here are long recommendations.

M&T Bank executives lay out plans to hire 1,000 people at new Buffalo tech hub as part of the regional bank's push into digital

Summary List PlacementThe COVID-19 pandemic has left banks large and small racing to upgrade their digital capabilities as customer demand for seamless, online mobile banking has only grown. It's also illustrated the benefits of scale for financial firms as interest rates remain near-rock bottom l…

M&T Bank to buy People's United Financial for a 13% premium, in a deal valued at $7.6 billion

New York-based M&T Bank Corp. announced Monday an agreement to buy Connecticut-based People's United Financial Inc. in an all-stock deal valued at $7.6 billion. Under terms of the deal, People's United shareholders will receive 0.118 M&T shares for each People's United share they own, whic…

M&T Bank to Acquire People’s United in a $7 Billion Deal

M&T Bank to Acquire People’s United in a $7 Billion Deal

The Wall Street Journal: M&T Bank nears $7 billion deal to buy People’s United

M&T Bank Corp. is nearing a deal to buy People’s United Financial Inc. for more than $7 billion, according to people familiar with the matter, in the latest in a string of regional-bank tie-ups.
Show more

M&T Bank Blogs

M&T Bank Features Business Clients in Virtual Spotlight Shop

Online marketplace connects local businesses to new customers, communities

M&T Bank, Aspen Institute Announce Recipients of Baltimore City's First Weaver Awards

Bank will provide each awardee $7,000 to support their community-focused projects

M&T Bank to Resume Plaza Event Series in August

Longest-running free concert series of its kind to feature local favorites including BPO

M&T Bank Corporation and People's United Provide Update on Pending Merger

Continue to engage with stakeholders to outline growth opportunities and other benefits to customers, local communities and employees

M&T Bank Again Earns 'Outstanding' Rating On Community Reinvestment Act Exam

Bank's streak spans more than two dozen acquisitions, dates to 1982
Show more

M&T Bank Frequently Asked Questions

  • When was M&T Bank founded?

    M&T Bank was founded in 1856.

  • Who are M&T Bank key executives?

    M&T Bank's key executives are Rene F. Jones, Richard S. Gold and Robert J. Bojdak.

  • How many employees does M&T Bank have?

    M&T Bank has 16,998 employees.

  • What is M&T Bank revenue?

    Latest M&T Bank annual revenue is $6 b.

  • What is M&T Bank revenue per employee?

    Latest M&T Bank revenue per employee is $350.3 k.

  • Who are M&T Bank competitors?

    Competitors of M&T Bank include Citi, The PNC Financial Services Group and U.S. Bancorp.

  • Where is M&T Bank headquarters?

    M&T Bank headquarters is located at 345 Main St, Buffalo.

  • Where are M&T Bank offices?

    M&T Bank has offices in Buffalo, Baltimore and Wilmington.

  • How many offices does M&T Bank have?

    M&T Bank has 3 offices.