M&T Bank Corporation (MTB) — Free Cash Flow Generation Index
M&T Bank Corporation (MTB) has a Free Cash Flow Generation Index of 0.95x as of June 2026. Free cash flow of $2.16 Billion represents 1% of operating cash flow ($2.28 Billion). Explore how much does M&T Bank Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
M&T Bank Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for M&T Bank Corporation across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of M&T Bank Corporation.
Annual Free Cash Flow Generation for M&T Bank Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for M&T Bank Corporation. Check MTB cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.95x | $2.86 Billion | $3.00 Billion | $143.00 Million | ▲ +1.3% |
| 2024 | 0.94x | $3.39 Billion | $3.61 Billion | $216.00 Million | ▲ +0.6% |
| 2023 | 0.93x | $3.65 Billion | $3.90 Billion | $256.00 Million | ▼ -2.0% |
| 2022 | 0.95x | $4.36 Billion | $4.57 Billion | $214.39 Million | ▲ +0.9% |
| 2021 | 0.95x | $2.57 Billion | $2.71 Billion | $149.21 Million | ▲ +20.9% |
| 2020 | 0.78x | $616.90 Million | $789.19 Million | $172.29 Million | ▼ -15.4% |
| 2019 | 0.92x | $2.18 Billion | $2.36 Billion | $178.05 Million | ▼ -3.0% |
| 2018 | 0.95x | $1.99 Billion | $2.09 Billion | $97.68 Million | ▼ -1.9% |
| 2017 | 0.97x | $2.70 Billion | $2.78 Billion | $78.97 Million | ▲ +6.9% |
| 2016 | 0.91x | $1.08 Billion | $1.18 Billion | $107.69 Million | ▼ -4.6% |
| 2015 | 0.95x | $1.66 Billion | $1.74 Billion | $81.94 Million | ▲ +2.1% |
| 2014 | 0.93x | $1.03 Billion | $1.10 Billion | $73.16 Million | ▲ +8.4% |
| 2013 | 0.86x | $802.76 Million | $932.32 Million | $129.56 Million | ▲ +5.4% |
| 2012 | 0.82x | $408.46 Million | $499.98 Million | $91.52 Million | ▼ -14.9% |
| 2011 | 0.96x | $1.70 Billion | $1.77 Billion | $70.01 Million | ▲ +0.3% |
| 2010 | 0.96x | $1.61 Billion | $1.68 Billion | $70.46 Million | ▲ +0.8% |
| 2009 | 0.95x | $1.13 Billion | $1.19 Billion | $58.97 Million | ▲ +1.0% |
| 2008 | 0.94x | $1.53 Billion | $1.63 Billion | $96.58 Million | ▲ +2.5% |
| 2007 | 0.92x | $1.23 Billion | $1.33 Billion | $109.73 Million | ▲ +10.6% |
| 2006 | 0.83x | $447.89 Million | $539.86 Million | $91.97 Million | ▲ +11.8% |
| 2005 | 0.74x | $221.46 Million | $298.37 Million | $76.91 Million | ▼ -15.3% |
| 2004 | 0.88x | $634.81 Million | $724.37 Million | $89.56 Million | ▼ -10.1% |
| 2003 | 0.97x | $1.20 Billion | $1.24 Billion | $31.63 Million | ▲ +0.1% |
| 2002 | 0.97x | $621.59 Million | $638.42 Million | $16.84 Million | ▲ +15.1% |
| 2001 | 0.85x | $130.56 Million | $154.30 Million | $23.74 Million | ▼ -10.5% |
| 2000 | 0.95x | $327.86 Million | $346.64 Million | $18.78 Million | ▼ -1.7% |
| 1999 | 0.96x | $583.70 Million | $606.60 Million | $22.90 Million | ▲ +77.9% |
| 1998 | 0.54x | $19.80 Million | $36.60 Million | $16.80 Million | ▼ -43.8% |
| 1997 | 0.96x | $346.10 Million | $359.40 Million | $13.30 Million | ▲ +5.4% |
| 1996 | 0.91x | $213.90 Million | $234.20 Million | $20.30 Million | ▲ +8.9% |
| 1995 | 0.84x | $91.00 Million | $108.50 Million | $17.50 Million | ▼ -14.4% |
| 1994 | 0.98x | $330.30 Million | $337.20 Million | $6.90 Million | ▲ +11.4% |
| 1993 | 0.88x | $162.50 Million | $184.80 Million | $22.30 Million | ▼ -2.1% |
| 1992 | 0.90x | $285.00 Million | $317.30 Million | $32.30 Million | ▲ +1.1% |
| 1991 | 0.89x | $230.80 Million | $259.70 Million | $28.90 Million | ▼ -2.4% |
| 1990 | 0.91x | $76.20 Million | $83.70 Million | $7.50 Million | ▲ +25.7% |
| 1989 | 0.72x | $17.60 Million | $24.30 Million | $6.70 Million | — |