M&T Bank Corporation (MTB) - Net Assets
Based on the latest financial reports, M&T Bank Corporation (MTB) has net assets worth $29.18 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($213.51 Billion) and total liabilities ($184.33 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check M&T Bank Corporation (MTB) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $29.18 Billion |
| % of Total Assets | 13.67% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 62.97% |
| 10-Year Change | 76.97% |
| Growth Volatility | 17.18 |
M&T Bank Corporation - Net Assets Trend (1989–2025)
This chart illustrates how M&T Bank Corporation's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of M&T Bank Corporation for the complete picture of this company's asset base.
Annual Net Assets for M&T Bank Corporation (1989–2025)
The table below shows the annual net assets of M&T Bank Corporation from 1989 to 2025. For live valuation and market cap data, see MTB market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $29.18 Billion | +0.52% |
| 2024-12-31 | $29.03 Billion | +7.68% |
| 2023-12-31 | $26.96 Billion | +6.47% |
| 2022-12-31 | $25.32 Billion | +41.41% |
| 2021-12-31 | $17.90 Billion | +10.60% |
| 2020-12-31 | $16.19 Billion | +2.99% |
| 2019-12-31 | $15.72 Billion | +1.66% |
| 2018-12-31 | $15.46 Billion | -4.87% |
| 2017-12-31 | $16.25 Billion | -1.43% |
| 2016-12-31 | $16.49 Billion | +1.94% |
| 2015-12-31 | $16.17 Billion | +31.11% |
| 2014-12-31 | $12.34 Billion | +9.11% |
| 2013-12-31 | $11.31 Billion | +10.81% |
| 2012-12-31 | $10.20 Billion | +10.05% |
| 2011-12-31 | $9.27 Billion | +10.93% |
| 2010-12-31 | $8.36 Billion | +7.80% |
| 2009-12-31 | $7.75 Billion | +14.27% |
| 2008-12-31 | $6.78 Billion | +4.62% |
| 2007-12-31 | $6.49 Billion | +3.25% |
| 2006-12-31 | $6.28 Billion | +6.89% |
| 2005-12-31 | $5.88 Billion | +2.56% |
| 2004-12-31 | $5.73 Billion | +0.22% |
| 2003-12-31 | $5.72 Billion | +78.19% |
| 2002-12-31 | $3.21 Billion | +9.15% |
| 2001-12-31 | $2.94 Billion | +8.85% |
| 2000-12-31 | $2.70 Billion | +50.28% |
| 1999-12-31 | $1.80 Billion | +12.14% |
| 1998-12-31 | $1.60 Billion | +55.53% |
| 1997-12-31 | $1.03 Billion | +13.76% |
| 1996-12-31 | $905.70 Million | +7.02% |
| 1995-12-31 | $846.30 Million | +17.38% |
| 1994-12-31 | $721.00 Million | -0.40% |
| 1993-12-31 | $723.90 Million | +15.49% |
| 1992-12-31 | $626.80 Million | +16.98% |
| 1991-12-31 | $535.80 Million | +22.55% |
| 1990-12-31 | $437.20 Million | +7.61% |
| 1989-12-31 | $406.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to M&T Bank Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6309.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $20.88 Billion | 71.57% |
| Common Stock | $90.00 Million | 0.31% |
| Other Comprehensive Income | $277.00 Million | 0.95% |
| Other Components | $7.93 Billion | 27.17% |
| Total Equity | $29.18 Billion | 100.00% |
M&T Bank Corporation Competitors by Market Cap
The table below lists competitors of M&T Bank Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenvue Inc.
NYSE:KVUE
|
$32.24 Billion |
|
Experian plc
F:J2B
|
$32.27 Billion |
|
Avenue Supermarts Limited
NSE:DMART
|
$32.27 Billion |
|
Telefonaktiebolaget LM Ericsson (publ)
F:ERCA
|
$32.28 Billion |
|
Shinhan Financial Group
KO:055550
|
$32.13 Billion |
|
Power Corporation Of Canada
TO:POW
|
$32.10 Billion |
|
Coal India Limited
NSE:COALINDIA
|
$32.09 Billion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
$32.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in M&T Bank Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,027,000,000 to 29,177,000,000, a change of 150,000,000 (0.5%).
- Net income of 2,851,000,000 contributed positively to equity growth.
- Dividend payments of 1,045,000,000 reduced retained earnings.
- Share repurchases of 2,631,000,000 reduced equity.
- New share issuances of 440,000,000 increased equity.
- Other comprehensive income increased equity by 441,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.85 Billion | +9.77% |
| Dividends Paid | $1.04 Billion | -3.58% |
| Share Repurchases | $2.63 Billion | -9.02% |
| Share Issuances | $440.00 Million | +1.51% |
| Other Comprehensive Income | $441.00 Million | +1.51% |
| Other Changes | $94.00 Million | +0.32% |
| Total Change | $- | 0.52% |
Book Value vs Market Value Analysis
This analysis compares M&T Bank Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 31.35x to 1.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $6.90 | $216.44 | x |
| 1990-12-31 | $6.41 | $216.44 | x |
| 1991-12-31 | $7.67 | $216.44 | x |
| 1992-12-31 | $8.64 | $216.44 | x |
| 1993-12-31 | $9.86 | $216.44 | x |
| 1994-12-31 | $9.96 | $216.44 | x |
| 1995-12-31 | $11.96 | $216.44 | x |
| 1996-12-31 | $12.72 | $216.44 | x |
| 1997-12-31 | $14.79 | $216.44 | x |
| 1998-12-31 | $20.15 | $216.44 | x |
| 1999-12-31 | $22.19 | $216.44 | x |
| 2000-12-31 | $32.46 | $216.44 | x |
| 2001-12-31 | $29.70 | $216.44 | x |
| 2002-12-31 | $31.62 | $216.44 | x |
| 2003-12-31 | $49.31 | $216.44 | x |
| 2004-12-31 | $47.59 | $216.44 | x |
| 2005-12-31 | $50.56 | $216.44 | x |
| 2006-12-31 | $55.14 | $216.44 | x |
| 2007-12-31 | $58.95 | $216.44 | x |
| 2008-12-31 | $61.18 | $216.44 | x |
| 2009-12-31 | $67.55 | $216.44 | x |
| 2010-12-31 | $70.33 | $216.44 | x |
| 2011-12-31 | $68.71 | $216.44 | x |
| 2012-12-31 | $75.02 | $216.44 | x |
| 2013-12-31 | $82.02 | $216.44 | x |
| 2014-12-31 | $93.56 | $216.44 | x |
| 2015-12-31 | $117.60 | $216.44 | x |
| 2016-12-31 | $104.81 | $216.44 | x |
| 2017-12-31 | $106.53 | $216.44 | x |
| 2018-12-31 | $111.62 | $216.44 | x |
| 2019-12-31 | $116.89 | $216.44 | x |
| 2020-12-31 | $125.77 | $216.44 | x |
| 2021-12-31 | $138.99 | $216.44 | x |
| 2022-12-31 | $154.35 | $216.44 | x |
| 2023-12-31 | $161.42 | $216.44 | x |
| 2024-12-31 | $173.48 | $216.44 | x |
| 2025-12-31 | $186.37 | $216.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently M&T Bank Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.16%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.32x
- Recent ROE (9.77%) is below the historical average (11.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 10.14% | 6.57% | 0.10x | 15.34x | $570.00K |
| 1990 | 12.33% | 7.56% | 0.09x | 17.65x | $10.18 Million |
| 1991 | 12.54% | 7.90% | 0.09x | 17.12x | $13.62 Million |
| 1992 | 15.62% | 11.00% | 0.09x | 15.30x | $35.22 Million |
| 1993 | 14.09% | 11.98% | 0.08x | 14.32x | $29.61 Million |
| 1994 | 16.27% | 13.47% | 0.08x | 14.60x | $45.20 Million |
| 1995 | 15.48% | 12.16% | 0.09x | 14.13x | $46.37 Million |
| 1996 | 16.68% | 12.94% | 0.09x | 14.29x | $60.53 Million |
| 1997 | 17.10% | 14.01% | 0.09x | 13.59x | $73.17 Million |
| 1998 | 12.98% | 12.82% | 0.08x | 12.85x | $47.76 Million |
| 1999 | 14.78% | 15.08% | 0.08x | 12.47x | $85.90 Million |
| 2000 | 10.60% | 13.64% | 0.07x | 10.72x | $16.11 Million |
| 2001 | 12.86% | 14.66% | 0.08x | 10.70x | $84.13 Million |
| 2002 | 15.12% | 20.61% | 0.07x | 10.35x | $164.24 Million |
| 2003 | 10.04% | 19.41% | 0.06x | 8.72x | $2.22 Million |
| 2004 | 12.61% | 22.29% | 0.06x | 9.24x | $149.56 Million |
| 2005 | 13.31% | 20.92% | 0.07x | 9.38x | $194.54 Million |
| 2006 | 13.36% | 19.25% | 0.08x | 9.09x | $211.08 Million |
| 2007 | 10.09% | 14.64% | 0.07x | 10.00x | $5.73 Million |
| 2008 | 8.19% | 13.07% | 0.06x | 9.70x | $-122.59 Million |
| 2009 | 4.90% | 10.00% | 0.06x | 8.88x | $-395.40 Million |
| 2010 | 8.81% | 19.05% | 0.06x | 8.14x | $-99.61 Million |
| 2011 | 9.27% | 19.54% | 0.06x | 8.40x | $-67.64 Million |
| 2012 | 10.09% | 22.23% | 0.06x | 8.14x | $9.24 Million |
| 2013 | 10.07% | 23.53% | 0.06x | 7.53x | $7.93 Million |
| 2014 | 8.64% | 22.51% | 0.05x | 7.84x | $-167.34 Million |
| 2015 | 6.68% | 21.61% | 0.04x | 7.59x | $-537.66 Million |
| 2016 | 7.98% | 22.98% | 0.05x | 7.49x | $-333.55 Million |
| 2017 | 8.67% | 23.40% | 0.05x | 7.30x | $-216.78 Million |
| 2018 | 12.41% | 29.72% | 0.05x | 7.77x | $372.06 Million |
| 2019 | 12.27% | 27.79% | 0.06x | 7.63x | $357.48 Million |
| 2020 | 8.36% | 21.54% | 0.04x | 8.81x | $-265.58 Million |
| 2021 | 10.38% | 30.60% | 0.04x | 8.66x | $68.66 Million |
| 2022 | 7.87% | 23.61% | 0.04x | 7.93x | $-539.80 Million |
| 2023 | 10.17% | 21.92% | 0.06x | 7.73x | $45.30 Million |
| 2024 | 8.92% | 19.31% | 0.06x | 7.17x | $-314.70 Million |
| 2025 | 9.77% | 23.16% | 0.06x | 7.32x | $-66.70 Million |
Industry Comparison
This section compares M&T Bank Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $634,134,400
- Average return on equity (ROE) among peers: 7.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| M&T Bank Corporation (MTB) | $29.18 Billion | 10.14% | 6.32x | $32.14 Billion |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $33.90 Million | 18.88% | 9.07x | $5.70 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $369.13 Million | 3.17% | 9.59x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $577.58 Million | -0.30% | 12.45x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $192.15 Million | 11.34% | 10.26x | $601.02 Million |
| Associated Banc-Corp (ASB) | $4.09 Billion | 7.50% | 7.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $79.49 Million | 2.48% | 14.08x | $62.60 Million |
About M&T Bank Corporation
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and ba… Read more