Buffalo, New York-based M&T Bank Corporation (MTB) operates as a bank holding company, providing retail & commercial banking, trust, wealth management, and investment services. With a market cap of $31.1 billion, M&T Bank operates through Commercial Bank, Retail Bank, and Institutional Services and Wealth Management segments.

Companies worth $10 billion or more are generally described as “large-cap stocks.” M&T Bank fits right into that category, with its market cap exceeding the threshold, reflecting its substantial size, dominance, and influence in the regional banking industry.

MTB stock touched its all-time high of $225.70 on Nov. 25, 2024, and is currently trading 12.9% below that peak. Meanwhile, the stock has gained 10.4% over the past three months, outperforming the Dow Jones Industrial Average’s ($DOWI) 8.7% gains during the same time frame.

Meanwhile, the stock has gained 4.6% on a YTD basis and soared 16.4% over the past 52 weeks, underperforming Dow’s 7.9% gains in 2025, but notably outperforming Dow’s 10.9% returns over the past year.

Further, MTB stock has traded mostly above its 50-day moving average since early May and its 200-day moving average since late June, with some fluctuations, underscoring its recent uptrend.

M&T Bank’s stock prices dropped 2.4% in the trading session following the release of its mixed Q2 results on Jul. 16. The company observed a 6.5% drop in gross interest income to $2.6 billion, but its interest expenses declined by an even steeper 16.3% year-over-year to $896 million. This mitigated the drop in net interest income (NII) to a large extent. After considering provision for credit losses, MTB’s NII came in at $1.6 billion, up 1.3% year-over-year. After adding non-interest income, the company's overall topline grew 5.5% year-over-year to $2.3 billion, but the figure missed the Street’s expectations by a notable margin.

On the positive note, MTB’s net operating earnings per share increased by an impressive 12.9% year-over-year to $4.28, surpassing the consensus estimates by 5.9%.

When compared to its peer, MTB has lagged behind Fifth Third Bancorp’s (FITB) 7.3% uptick in 2025, but significantly outperformed FITB’s 7.8% gains over the past year.

Among the 22 analysts covering the MTB stock, the consensus rating is a “Moderate Buy.” Its mean price target of $221 suggests a 12.4% upside potential from current price levels.