MTB M&T Bank

bank · 2026-10-13

N/A

too hard · 59

Owner-earnings value$296.83

Price$219.89

Margin of safety +35.0%

Quality gate · 59/100

Returns on capital 8.9/30

Consistency 20.8/22

Margins / pricing power 4/16

Balance sheet 14.7/16

Cash conversion 5.0/10

Capital allocation 5.9/6

⚠ weak through-cycle ROE (9%)

Median ROE9.3%

FCF conversion140%

Share count / yr-3.6%

Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)	3.03B
Owner-earnings yield	9.5%
Free-cash-flow yield	11.3%
Growth used (normalized)	6.3%
Terminal growth	3.0%
Discount rate (hurdle)	8.0%

⚠ financial — owner earnings ≈ net income · financial — valued by residual income (ROE vs cost of equity on book equity)

Date	Quality	Price	Value	MoS	Rating
2026-10-13	59	$219.89	$296.83	+35.0%	N/A
2026-09-24	59	$219.58	$308.47	+40.5%	N/A
2026-09-07	59	$239.84	$318.16	+32.7%	N/A
2026-08-19	59	$251.50	$319.31	+27.0%	N/A
2026-07-31	59	$247.00	$318.31	+28.9%	N/A
2026-07-14	59	$242.55	$316.95	+30.7%	N/A
2026-07-02	59	$241.95	$318.88	+31.8%	N/A
2026-06-25	62	$233.26	$321.60	+37.9%	N/A
2026-06-23	62	$231.24	$318.22	+37.6%	N/A

Date

Quality

Price

Value

MoS

Rating

2026-10-13

$219.89

$296.83

+35.0%

N/A

2026-09-24

$219.58

$308.47

+40.5%

N/A

2026-09-07

$239.84

$318.16

+32.7%

N/A

2026-08-19

$251.50

$319.31

+27.0%

N/A

2026-07-31

$247.00

$318.31

+28.9%

N/A

2026-07-14

$242.55

$316.95

+30.7%

N/A

2026-07-02

$241.95

$318.88

+31.8%

N/A

2026-06-25

$233.26

$321.60

+37.9%

N/A

2026-06-23

$231.24

$318.22

+37.6%

N/A

Quality gate · 59/100

Moat & management

Owner-earnings inputs

History