M&T BANK CORP
MTB, MTB-PH, MTB-PJ, MTB-PK · State Commercial Banks · 146.4M shares · +6%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $476M (gross $594M, SBC $118M)
Reference price $233.23 · est. market cap ~$34.2B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B71M&T Bank — well-run regional with solid asset returns.
Strengths
- ROA 78th pct
- Conservative, profitable lending culture
Risks
- ROE 9.8% only median (52nd)
- CRE exposure
- Higher leverage (80th pct)
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Material weaknessOur audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing
- Insider sellingInsider selling — 12 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$18M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
172.1%
Return on equity
9.8%
Return on assets
1.3%
Revenue growth (QoQ)
-0.5%
Net-income growth
10.2%
Debt / equity
0.4×
Tangible book value
$20.6B
Stock comp / revenue
8.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Taylor John R. | Sell | 1.1K | $233.23 |
| 2026-06-15 | Taylor John R. | Option exercise | 269 | $190.78 |
| 2026-06-09 | PEARSON KEVIN J | Sell | 4.6K | $226.70 |
| 2026-06-09 | PEARSON KEVIN J | Option exercise | 10K | $190.78 |
| 2026-06-09 | PEARSON KEVIN J | Option exercise | 13K | $164.54 |
| 2026-06-09 | PEARSON KEVIN J | Sell | 19K | $225.20 |
| 2026-06-04 | PEARSON KEVIN J | Sell | 2.0K | $220.00 |
| 2026-05-07 | Kay Christopher E. | Sell | 3.1K | $216.50 |
| 2026-04-30 | Cruger William Frank Jr. | Grant | 687 | — |
| 2026-04-30 | Chwick Jane | Grant | 664 | — |
| 2026-04-30 | Charles Carlton J. | Grant | 664 | — |
| 2026-04-30 | Seseri Rudina | Grant | 664 | — |
| 2026-04-30 | Ledgett Richard H. Jr. | Grant | 664 | — |
| 2026-04-30 | SALAMONE DENIS J | Grant | 664 | — |
| 2026-04-30 | WASHINGTON HERBERT L | Grant | 664 | — |
| 2026-04-30 | WALTERS KIRK W | Grant | 664 | — |
| 2026-04-30 | BARNES JOHN P | Grant | 664 | — |
| 2026-04-30 | GODRIDGE LESLIE V | Grant | 664 | — |
| 2026-04-30 | RICH MELINDA R | Grant | 664 | — |
| 2026-02-26 | Wisler Michael A. | Option exercise | 2.2K | $138.10 |
| 2026-02-26 | Wisler Michael A. | Option exercise | 2.6K | $156.00 |
| 2026-02-26 | Wisler Michael A. | Sell | 8.2K | $223.48 |
| 2026-02-13 | Wisler Michael A. | Grant | 2.5K | — |
| 2026-02-13 | Wisler Michael A. | Tax withheld | 994 | $228.71 |
| 2026-02-13 | Taylor John R. | Grant | 233 | — |
| 2026-02-13 | Taylor John R. | Tax withheld | 97 | $228.71 |
| 2026-02-13 | D'Arcy Peter | Grant | 3.1K | — |
| 2026-02-13 | D'Arcy Peter | Tax withheld | 1.4K | $228.71 |
| 2026-02-13 | Woodrow Tracy S. | Grant | 2.3K | — |
| 2026-02-13 | Woodrow Tracy S. | Tax withheld | 921 | $228.71 |
| 2026-02-13 | O'Hara Laura P. | Grant | 1.9K | — |
| 2026-02-13 | O'Hara Laura P. | Tax withheld | 683 | $228.71 |
| 2026-02-13 | Urban Julianne | Grant | 945 | — |
| 2026-02-13 | Urban Julianne | Tax withheld | 341 | $228.71 |
| 2026-02-13 | Kay Christopher E. | Grant | 4.0K | — |
| 2026-02-13 | Kay Christopher E. | Tax withheld | 1.8K | $228.71 |
| 2026-02-13 | PEARSON KEVIN J | Grant | 6.8K | — |
| 2026-02-13 | PEARSON KEVIN J | Tax withheld | 3.4K | $228.71 |
| 2026-02-13 | JONES RENE F | Grant | 16K | — |
| 2026-02-13 | JONES RENE F | Tax withheld | 8.3K | $228.71 |
| 2026-02-11 | Woodrow Tracy S. | Option exercise | 1.1K | $138.10 |
| 2026-02-11 | Woodrow Tracy S. | Sell | 1.1K | $234.21 |
| 2026-02-09 | BARNES JOHN P | Sell | 21K | $235.85 |
| 2026-02-03 | WALTERS KIRK W | Sell | 909 | $227.37 |
| 2026-02-02 | Taylor John R. | Sell | 704 | $225.34 |
| 2026-02-02 | JONES RENE F | Option exercise | 7.0K | $138.10 |
| 2026-02-02 | JONES RENE F | Tax withheld | 40K | $221.57 |
| 2026-02-02 | JONES RENE F | Option exercise | 8.4K | $156.00 |
| 2026-02-02 | JONES RENE F | Option exercise | 31K | $173.04 |
| 2026-01-30 | D'Arcy Peter | Grant | 2.9K | — |
| 2026-01-30 | D'Arcy Peter | Tax withheld | 1.2K | $221.57 |
| 2026-01-30 | Woodrow Tracy S. | Grant | 2.2K | — |
| 2026-01-30 | Woodrow Tracy S. | Tax withheld | 950 | $221.57 |
| 2026-01-30 | O'Hara Laura P. | Grant | 1.8K | — |
| 2026-01-30 | O'Hara Laura P. | Tax withheld | 787 | $221.57 |
| 2026-01-30 | Urban Julianne | Grant | 865 | — |
| 2026-01-30 | Urban Julianne | Tax withheld | 350 | $221.57 |
| 2026-01-30 | Kay Christopher E. | Grant | 3.7K | — |
| 2026-01-30 | Kay Christopher E. | Tax withheld | 1.4K | $221.57 |
| 2026-01-30 | Bible Daryl N. | Tax withheld | 1.5K | $221.57 |
| 2026-01-30 | SADLER ROBERT E JR | Grant | 37 | — |
| 2026-01-30 | PEARSON KEVIN J | Grant | 6.1K | — |
| 2026-01-30 | PEARSON KEVIN J | Tax withheld | 2.3K | $221.57 |
| 2026-01-30 | JONES RENE F | Grant | 15K | — |
| 2026-01-30 | JONES RENE F | Tax withheld | 7.4K | $221.57 |
| 2026-01-30 | GEISEL GARY N | Grant | 19 | — |
| 2026-01-30 | Bible Daryl N. | Grant | 3.4K | — |
| 2026-01-30 | Singh Neeraj | Grant | 397 | — |
| 2026-01-30 | Singh Neeraj | Tax withheld | 165 | $221.57 |
| 2026-01-30 | Wisler Michael A. | Grant | 2.5K | — |
| 2026-01-30 | Wisler Michael A. | Tax withheld | 1.1K | $221.57 |
| 2026-01-30 | Taylor John R. | Grant | 560 | — |
| 2026-01-30 | Taylor John R. | Tax withheld | 240 | $221.57 |
| 2026-01-28 | GEISEL GARY N | Sell | 887 | $215.79 |
| 2026-01-22 | BARNES JOHN P | Sell | 18K | $220.81 |
| 2026-01-21 | JONES RENE F | Option exercise | 23K | $169.38 |
| 2026-01-21 | JONES RENE F | Tax withheld | 20K | $219.46 |
| 2026-01-08 | JONES RENE F | Grant | 22K | $164.54 |
| 2026-01-08 | JONES RENE F | Tax withheld | 19K | $214.58 |
| 2025-12-11 | JONES RENE F | Option exercise | 17K | $156.00 |
| 2025-12-11 | JONES RENE F | Tax withheld | 15K | $205.94 |
| 2025-12-08 | JONES RENE F | Gift | 200 | — |
| 2025-12-08 | JONES RENE F | Gift | 2.4K | — |
| 2025-12-08 | JONES RENE F | Gift | 200 | — |
| 2025-11-28 | Singh Neeraj | Tax withheld | 328 | $190.22 |
| 2025-11-26 | Kay Christopher E. | Sell | 5.2K | $191.70 |
| 2025-11-25 | SADLER ROBERT E JR | Sell | 6.0K | $190.06 |
| 2025-09-24 | SADLER ROBERT E JR | Gift | 1.0K | — |
| 2025-08-29 | Woodrow Tracy S. | Option exercise | 2.4K | $156.00 |
| 2025-08-29 | Woodrow Tracy S. | Option exercise | 1.1K | $138.10 |
| 2025-08-29 | Woodrow Tracy S. | Sell | 3.4K | $202.12 |
| 2025-08-26 | Taylor John R. | Sell | 448 | $199.78 |
| 2025-08-22 | BARNES JOHN P | Sell | 15K | $199.79 |
| 2025-08-14 | PEARSON KEVIN J | Option exercise | 15K | $132.47 |
| 2025-08-14 | PEARSON KEVIN J | Gift | 1.5K | — |
| 2025-08-14 | PEARSON KEVIN J | Sell | 6.8K | $192.43 |
| 2025-08-14 | PEARSON KEVIN J | Sell | 11K | $193.71 |
| 2025-08-14 | PEARSON KEVIN J | Sell | 2.4K | $194.08 |
| 2025-08-14 | PEARSON KEVIN J | Sell | 4.3K | $192.80 |
| 2025-07-31 | Bible Daryl N. | Tax withheld | 3.0K | $188.70 |
| 2025-07-22 | D'Arcy Peter | Sell | 1.9K | $197.17 |
| 2025-07-22 | D'Arcy Peter | Sell | 524 | $197.82 |
| 2025-07-21 | Ledgett Richard H. Jr. | Sell | 1.3K | $197.48 |
| 2025-07-03 | JONES RENE F | Option exercise | 7.0K | $138.10 |
| 2025-07-03 | JONES RENE F | Tax withheld | 5.9K | $203.12 |
| 2025-07-01 | JONES RENE F | Option exercise | 28K | $132.47 |
| 2025-07-01 | JONES RENE F | Tax withheld | 23K | $197.47 |
| 2025-06-12 | SADLER ROBERT E JR | Sell | 6.7K | $183.52 |
| 2025-04-30 | WASHINGTON HERBERT L | Grant | 855 | — |
| 2025-04-30 | Charles Carlton J. | Grant | 855 | — |
| 2025-04-30 | Seseri Rudina | Grant | 855 | — |
| 2025-04-30 | SALAMONE DENIS J | Grant | 855 | — |
| 2025-04-30 | SADLER ROBERT E JR | Grant | 855 | — |
| 2025-04-30 | WALTERS KIRK W | Grant | 855 | — |
| 2025-04-30 | BARNES JOHN P | Grant | 855 | — |
| 2025-04-30 | Chwick Jane | Grant | 855 | — |
| 2025-04-30 | Cruger William Frank Jr. | Grant | 855 | — |
| 2025-04-30 | RICH MELINDA R | Grant | 855 | — |
| 2025-04-30 | Ledgett Richard H. Jr. | Grant | 855 | — |
| 2025-04-30 | GODRIDGE LESLIE V | Grant | 855 | — |
| 2025-04-30 | GEISEL GARY N | Grant | 884 | — |
| 2025-04-17 | SALAMONE DENIS J | Gift | 6.4K | — |
| 2025-03-12 | KAY CHRISTOPHER E | Sell | 1.7K | $172.34 |
| 2025-02-14 | Woodrow Tracy S. | Grant | 1.1K | — |
| 2025-02-14 | Woodrow Tracy S. | Tax withheld | 409 | $198.82 |
| 2025-02-14 | Wisler Michael A. | Grant | 1.7K | — |
| 2025-02-14 | Wisler Michael A. | Tax withheld | 614 | $198.82 |
| 2025-02-14 | Urban Julianne | Grant | 819 | — |
| 2025-02-14 | Urban Julianne | Tax withheld | 296 | $198.82 |
| 2025-02-14 | Taylor John R. | Grant | 232 | — |
| 2025-02-14 | Taylor John R. | Tax withheld | 96 | $198.82 |
| 2025-02-14 | PEARSON KEVIN J | Grant | 6.0K | — |
| 2025-02-14 | PEARSON KEVIN J | Tax withheld | 3.0K | $198.82 |
| 2025-02-14 | O'Hara Laura P. | Grant | 1.1K | — |
| 2025-02-14 | O'Hara Laura P. | Tax withheld | 410 | $198.82 |
| 2025-02-14 | KAY CHRISTOPHER E | Grant | 3.3K | — |
| 2025-02-14 | KAY CHRISTOPHER E | Tax withheld | 1.4K | $198.82 |
| 2025-02-14 | JONES RENE F | Grant | 13K | — |
| 2025-02-14 | JONES RENE F | Tax withheld | 6.8K | $198.82 |
| 2025-02-14 | D'Arcy Peter | Grant | 1.3K | — |
| 2025-02-14 | D'Arcy Peter | Tax withheld | 473 | $198.82 |
| 2025-01-31 | Wisler Michael A. | Grant | 2.0K | — |
| 2025-01-31 | Wisler Michael A. | Tax withheld | 746 | $201.24 |
| 2025-01-31 | SADLER ROBERT E JR | Grant | 40 | — |
| 2025-01-31 | GEISEL GARY N | Grant | 20 | — |
| 2025-01-31 | CUNNINGHAM T JEFFERSON III | Grant | 25 | — |
| 2025-01-31 | Woodrow Tracy S. | Grant | 1.8K | — |
| 2025-01-31 | Woodrow Tracy S. | Tax withheld | 668 | $201.24 |
| 2025-01-31 | Urban Julianne | Grant | 791 | — |
| 2025-01-31 | Urban Julianne | Tax withheld | 324 | $201.24 |
| 2025-01-31 | Todaro Michael J. | Grant | 2.4K | — |
| 2025-01-31 | Todaro Michael J. | Tax withheld | 809 | $201.24 |
| 2025-01-31 | Taylor John R. | Grant | 211 | — |
| 2025-01-31 | Taylor John R. | Tax withheld | 161 | $201.24 |
| 2025-01-31 | PEARSON KEVIN J | Grant | 5.7K | — |
| 2025-01-31 | PEARSON KEVIN J | Tax withheld | 1.9K | $201.24 |
| 2025-01-31 | O'Hara Laura P. | Grant | 1.5K | — |
| 2025-01-31 | O'Hara Laura P. | Tax withheld | 563 | $201.24 |
| 2025-01-31 | KAY CHRISTOPHER E | Grant | 3.3K | — |
| 2025-01-31 | KAY CHRISTOPHER E | Tax withheld | 1.2K | $201.24 |
| 2025-01-31 | JONES RENE F | Grant | 13K | — |
| 2025-01-31 | JONES RENE F | Tax withheld | 6.0K | $201.24 |
| 2025-01-31 | D'Arcy Peter | Grant | 2.6K | — |
| 2025-01-31 | D'Arcy Peter | Tax withheld | 971 | $201.24 |
| 2025-01-31 | Bible Daryl N. | Grant | 1.8K | — |
| 2025-01-31 | Bible Daryl N. | Tax withheld | 678 | $201.24 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0000036270-26-000039 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0000036270-26-000034 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0000036270-26-000030 ↗ |
| 8-K | 2026-04-23 | 2026-04-21 | 0000036270-26-000027 ↗ |
| 8-K | 2026-04-20 | 2026-04-20 | 0001193125-26-164027 ↗ |
| 8-K | 2026-04-15 | 2026-04-15 | 0000036270-26-000025 ↗ |
| 8-K | 2026-03-30 | 2026-03-30 | 0001628280-26-022025 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0000036270-26-000010 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0000036270-26-000007 ↗ |
| 8-K | 2026-01-16 | 2026-01-16 | 0000036270-26-000004 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0000036270-25-000028 ↗ |
| 8-K | 2025-10-31 | 2025-10-29 | 0001193125-25-260717 ↗ |