M&T Bank Corporation Financial Ratios — MTB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	10.16	11.01	10.98	9.2	7.67	8.17	8.82	12.62	12.96	8.74	11.49	9.6	10.95	9.52	10.21
Return on Assets (%)	1.18	1.28	1.35	1.17	0.98	1.07	1.16	1.61	1.61	1.03	1.25	1.12	1.34	1.24	1.35
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.95	4.77	4.47	4.46	3.76	3.79	3.5	3.02	4.87	5.38	5.43	5.43	5.29	5.5	5.17
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	30.64	36.21	38.76	36.86	35.88	38.87	41.26	42.31	41.14	29.72	41.18	32.6	38.51	35.86	38.33
Profit Margin (%)	21.5	24.01	25	23.93	23.13	24.83	25	32.35	31.16	22.72	31.18	24.86	29.17	28.04	29.6
Net Income to Common Margin (%)	20.36	22.77	23.81	22.23	21.39	23.3	23.71	31.13	30.03	21.58	29.96	23.65	28.1	26.58	28.08
Effective Tax Rate (%)	29.82	33.69	35.52	35.07	35.53	36.11	39.4	23.53	24.27	23.53	24.28	23.74	24.26	21.81	22.78
Dvd Payout Ratio (%)	43.32	36.65	33.63	36.91	37.56	35.81	34.25	27.65	29.58	44.22	32.19	41.37	32.87	36.63	33.23
Sustainable Growth Rate (%)	5.76	6.97	7.29	5.8	4.79	5.25	5.8	9.13	9.13	4.88	7.79	5.63	7.35	6.03	6.82

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	5,336	3,208	3,709	7,607	10,736	8,573	7,895	12,236	6,885	4,382	3,485	7,165	13,201	13,605	13,011
ST Debt	50	- -	- -	- -	1,982	163	175	4,200	- -	- -	- -	3,200	5,000	1,000	2,100
LT Debt	5,286	3,208	3,709	7,607	8,755	8,409	7,720	8,036	6,885	4,382	3,485	3,965	8,201	12,605	10,911
Total Debt/EBITDA	26.98	15.68	18.2	38.28	61.23	42.74	40.05	68.35	22.85	13.68	10.76	16.47	26.56	26.78	26.13
Net Debt/EBITDA	18.87	5.35	2.38	-0.77	10.12	11.22	7.08	14.11	-5.77	-65.05	-122.61	-44.39	-33.4	-14.13	-11.56
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.79	11.24	12.24	11.49	12.17	12.36	12.66	11.85	12.07	10.47	10.41	11.61	11.98	12.8	12.34
Long-Term Debt/Equity (%)	57.02	31.44	32.81	61.67	54.13	51.01	47.5	51.98	43.8	27.07	19.47	15.66	30.42	43.43	37.4
Long-Term Debt/Capital (%)	36.19	23.92	24.7	38.14	32.53	33.56	31.97	29.01	30.46	21.3	16.3	12.21	20.42	29.57	25.86
Long-Term Debt/Total Assets (%)	6.78	3.86	4.36	7.87	7.13	6.81	6.51	6.69	5.74	3.07	2.25	1.98	3.94	6.06	5.11
Total Debt/Equity (%)	57.56	31.44	32.81	61.67	66.38	52	48.58	79.14	43.8	27.07	19.47	28.3	48.97	46.87	44.59
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt/Total Assets (%)	6.85	3.86	4.36	7.87	8.74	6.94	6.66	10.19	5.74	3.07	2.25	3.57	6.34	6.54	6.09
Net Debt to Equity	40.25	10.72	4.28	-1.25	10.97	13.66	8.58	16.33	-11.06	-128.71	-221.88	-76.27	-61.58	-24.73	-19.73
Net Debt/Capital (%)	28.7	9.69	4.11	-1.26	9.88	12.02	7.91	14.04	-12.44	448.33	182.05	-321.47	-160.25	-32.85	-24.59
EBITDA	198	205	204	199	175	201	197	179	301	320	324	435	497	508	498
EBITDA-CapEx	198	205	204	199	175	201	197	179	301	320	324	435	497	508	498
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.79	11.24	12.24	11.49	12.17	12.36	12.66	11.85	12.07	10.47	10.41	11.61	11.98	12.8	12.34
Long-Term Debt/Equity (%)	57.02	31.44	32.81	61.67	54.13	51.01	47.5	51.98	43.8	27.07	19.47	15.66	30.42	43.43	37.4
Long-Term Debt/Capital (%)	36.19	23.92	24.7	38.14	32.53	33.56	31.97	29.01	30.46	21.3	16.3	12.21	20.42	29.57	25.86
Long-Term Debt/Total Assets (%)	6.78	3.86	4.36	7.87	7.13	6.81	6.51	6.69	5.74	3.07	2.25	1.98	3.94	6.06	5.11
Total Debt/Equity (%)	57.56	31.44	32.81	61.67	66.38	52	48.58	79.14	43.8	27.07	19.47	28.3	48.97	46.87	44.59
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt/Total Assets (%)	6.85	3.86	4.36	7.87	8.74	6.94	6.66	10.19	5.74	3.07	2.25	3.57	6.34	6.54	6.09
CFO/Total Liabilities	2.58	0.69	1.26	1.3	1.63	1.11	2.72	2	2.26	0.62	1.98	2.61	2.15	2.02	1.63
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.25	0.27	0.3	0.28	0.25	0.29	0.32	0.3	0.34	0.26	0.26	0.24	0.25	0.28	0.29

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	0.91	0.95	0.94	0.82	0.81	0.94	1.09	1.21	1.19	0.96	0.84	0.98	1.04	2.01	- -
Days Sales Outstanding	399.52	385.69	389.92	446.44	452.74	388.89	334.94	301.29	307.05	378.38	434.93	374.35	351.5	181.31	- -
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	9,542	12,622	15,195	16,621	19,336	24,431	25,663	19,825	22,164	16,335	19,764	24,557	22,774	31,118	30,591
- Cash & Cash Equivalents	1,605	2,114	3,224	7,761	8,962	6,321	6,500	9,711	8,623	25,217	43,210	26,476	29,800	20,782	18,769
+ Preferred Equity and Hybrid Capital	865	872	882	1,232	1,232	1,232	1,232	1,232	1,250	1,250	1,750	2,011	2,011	2,394	2,834
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	5,336	3,208	3,709	7,607	10,736	8,573	7,895	12,236	6,885	4,382	3,485	7,165	13,201	13,605	13,011
Enterprise Value	7,909	9,849	12,029	8,542	10,099	14,582	17,393	14,899	15,357	-8,072	-22,166	-3,492	-2,254	7,486	7,316
Total Capital	14,607	13,410	15,014	19,943	26,910	25,059	24,146	27,696	22,601	20,569	21,389	32,483	40,158	42,632	42,188
Total Debt/Capital (%)	36.53	23.92	24.7	38.14	39.9	34.21	32.7	44.18	30.46	21.3	16.3	22.06	32.87	31.91	30.84
Total Debt / EV	0.67	0.33	0.31	0.89	1.06	0.59	0.45	0.82	0.45	-0.54	-0.16	-2.05	-5.86	1.82	1.78
EV/Sales	1.98	2.3	2.64	1.92	2.16	2.75	3.09	2.51	2.48	- -	- -	- -	0.27	0.81	0.76
EV/EBITDA	39.99	48.15	59.04	42.98	57.59	72.7	88.23	83.23	50.97	- -	- -	- -	5.04	14.74	14.69
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	4.46	19.7	12.9	7.77	5.8	12.32	6.25	7.13	6.51	- -	- -	- -	0.64	2.07	2.44
EV/Free Cash Flow to Firm	4.46	19.7	12.9	7.77	5.8	12.32	6.25	7.13	6.51	- -	- -	- -	0.64	2.07	2.44
Diluted Market Cap	10,300	13,392	16,046	16,562	16,666	24,607	26,085	19,825	22,825	16,384	19,783	23,794	22,893	31,458	31,993
Diluted Enterprise Value	14,897	15,358	17,412	17,640	19,672	28,090	28,711	23,582	22,336	-3,200	-18,192	6,494	8,305	26,675	29,069
EV per Share	63.28	76.84	92.16	64.56	63.29	93.37	115.89	107.57	117.61	- -	- -	- -	15.07	45.23	48.19
TTM Sales	3,997	4,287	4,555	4,456	4,668	5,296	5,632	5,928	6,192	5,955	5,962	8,013	9,398	9,231	9,632
TTM EBITDA	198	205	204	199	175	201	197	179	301	320	324	435	497	508	498
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1,772	500	932	1,099	1,742	1,183	2,782	2,090	2,358	789	2,715	4,574	3,905	3,610	3,003
TTM Free Cash Flow to Firm	1,772	500	932	1,099	1,742	1,183	2,782	2,090	2,358	789	2,715	4,574	3,905	3,610	3,003

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.81	26.78	17.21	15.07	9.57	20.79	9.38	9.49	9.68	20.76	7.29	5.2	5.86	8.71	10.65
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	7,909	9,849	12,029	8,542	10,099	14,582	17,393	14,899	15,357	-8,072	-22,166	-3,492	-2,254	7,486	7,316
Low Price	66.4	76.82	95.68	109.16	111.5	100.08	141.12	133.78	141.11	85.09	125.45	138.43	108.53	128.31	150.75
EV/Sales	1.98	2.3	2.64	1.92	2.16	2.75	3.09	2.51	2.48	- -	- -	- -	0.27	0.81	0.76
EV/EBITDA	39.99	48.15	59.04	42.98	57.59	72.7	88.23	83.23	50.97	- -	- -	- -	5.04	14.74	14.69
Price/Earnings	12.66	13.72	14.8	16.62	16.6	19.89	19.49	10.74	12.27	12.75	11.06	12.49	8.63	12.76	11.76
Price/Earnings Average	13.51	12.28	13.86	15.98	16.83	15.14	18.31	13.11	11.74	11.72	10.73	14.77	8.22	11.04	10.99
Price/Earnings High	15.1	14.68	15.19	17.06	18.36	20.13	20.13	14.81	12.73	17.43	12.12	16.66	10.2	15.31	12.15
Price/Earnings Low	11.01	10.7	12.16	14.44	15.28	12.72	16.09	10.04	10.2	8.52	9.04	11.92	6.83	8.7	8.8
Price/Book Value	1.14	1.35	1.46	1.5	1.29	1.6	1.71	1.39	1.53	1.09	1.22	1.05	0.91	1.17	1.16
Price/Book Value Average	1.21	1.21	1.37	1.44	1.31	1.22	1.61	1.7	1.47	1.01	1.19	1.25	0.87	1.01	1.09
Price/Book Value High	1.35	1.45	1.5	1.54	1.43	1.62	1.76	1.92	1.59	1.49	1.34	1.4	1.08	1.4	1.2
Price/Book Value Low	0.99	1.06	1.2	1.3	1.19	1.02	1.41	1.3	1.27	0.73	1	1.01	0.72	0.8	0.87
Price/Tangible Book Value	2.03	2.22	2.22	2.2	1.89	2.31	2.48	2.07	2.25	1.58	1.71	1.68	1.39	1.72	1.72
Price/Tangible Book Value Average	2.16	1.98	2.08	2.12	1.92	1.76	2.33	2.52	2.15	1.45	1.66	1.99	1.33	1.49	1.61
Price/Tangible Book Value High	2.42	2.37	2.28	2.26	2.09	2.34	2.56	2.85	2.34	2.16	1.87	2.24	1.65	2.07	1.78
Price/Tangible Book Value Low	1.76	1.73	1.83	1.91	1.74	1.48	2.05	1.93	1.87	1.06	1.4	1.6	1.1	1.18	1.28
Price/Sales	2.58	3.12	3.52	3.69	3.55	4.63	4.62	3.34	3.68	2.75	3.31	2.95	2.43	3.39	3.3
Price/Sales Average	2.75	2.79	3.3	3.55	3.6	3.53	4.34	4.08	3.52	2.53	3.21	3.49	2.31	2.93	3.09
Price/Sales High	3.07	3.34	3.62	3.79	3.93	4.69	4.77	4.61	3.82	3.76	3.63	3.94	2.87	4.07	3.41
Price/Sales Low	2.24	2.44	2.9	3.21	3.27	2.96	3.81	3.13	3.06	1.84	2.71	2.82	1.92	2.31	2.47
Price/Cash Flow	5.81	26.78	17.21	14.97	9.51	20.73	9.36	9.49	9.68	20.76	7.28	5.18	5.84	8.67	10.59
Price/Cash Flow Average	6.2	23.97	16.12	14.4	9.64	15.78	8.79	11.58	9.26	19.08	7.06	6.12	5.56	7.5	9.9
Price/Cash Flow High	6.93	28.65	17.67	15.37	10.52	20.99	9.67	13.08	10.04	28.37	7.97	6.9	6.9	10.41	10.95
Price/Cash Flow Low	5.06	20.9	14.14	13.01	8.75	13.27	7.72	8.87	8.05	13.87	5.95	4.94	4.62	5.92	7.92
Price/Free Cash Flow Average	6.2	23.97	16.12	14.5	9.69	15.83	8.81	11.58	9.26	19.08	7.07	6.15	5.58	7.54	9.96
Price/Free Cash Flow High	6.93	28.65	17.67	15.47	10.58	21.05	9.69	13.08	10.04	28.38	7.98	6.94	6.93	10.46	11.01
Price/Free Cash Flow Low	5.06	20.9	14.14	13.1	8.8	13.3	7.74	8.87	8.05	13.88	5.95	4.96	4.64	5.95	7.97
EV/Sales Average	3.7	3.09	3.43	3.83	4.84	4.17	4.75	4.71	3.34	- -	- -	1.46	0.76	2.4	2.67
EV/Sales High	4	3.61	3.73	4.07	5.22	5.33	5.17	5.25	3.63	0.46	- -	1.93	1.31	3.53	2.98
EV/Sales Low	3.23	2.76	3.04	3.48	4.46	3.61	4.23	3.76	2.9	- -	- -	0.77	0.37	1.78	2.07
EV/EBITDA Average	74.72	64.82	76.57	85.87	128.89	110.08	135.65	156.15	68.74	-14.27	-58.05	26.95	14.28	43.58	51.57
EV/EBITDA High	80.78	75.61	83.28	91.28	139.08	140.66	147.8	173.71	74.69	8.56	-50.37	35.5	24.8	64.12	57.62
EV/EBITDA Low	65.2	57.75	68	78.1	118.6	95.29	120.77	124.5	59.53	-27.06	-67.38	14.1	6.93	32.39	40.09
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	76.34	98.47	116.42	125.62	121.18	156.43	170.99	143.13	169.75	127.3	153.58	145.06	137.08	188.01	201.48
High Price	91.05	105.33	119.54	128.96	134	158.35	176.62	197.37	176.11	174	168.27	193.42	161.99	225.7	208.26
Enterprise Value Average	14,779	13,260	15,600	17,065	22,601	22,082	26,739	27,951	20,711	-4,570	-18,808	11,725	7,099	22,139	25,684
Enterprise Value High	15,977	15,468	16,968	18,141	24,387	28,214	29,134	31,094	22,506	2,742	-16,320	15,443	12,324	32,574	28,697
Enterprise Value Low	12,896	11,813	13,854	15,521	20,797	19,113	23,806	22,286	17,936	-8,666	-21,830	6,134	3,443	16,454	19,965

Shares Outstanding	125	128	131	132	160	156	150	139	131	128	129	169	166	166	152
Diluted Weighted Avg Shares	135	136	138	132	138	157	153	139	134	129	129	164	167	167	159
Basic Weighted Avg Shares	135	136	138	131	137	157	152	139	134	129	129	163	166	166	158
Revenue per Share	29.62	31.52	33.04	34.01	34.12	33.76	37	42.8	46.07	46.28	46.33	49.1	56.51	55.45	61.03
EBITDA per Share	1.47	1.5	1.48	1.52	1.28	1.28	1.29	1.29	2.24	2.49	2.52	2.67	2.99	3.05	3.16
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	6.03	7.18	7.87	7.56	7.3	7.87	8.77	13.32	13.84	9.99	13.88	11.61	15.88	14.74	17.14
Basic EPS from Cont Ops	6.37	7.57	8.26	8.14	7.89	8.38	9.25	13.85	14.35	10.52	14.45	12.21	16.48	15.54	18.06
Diluted EPS, GAAP	6.03	7.18	7.87	7.51	7.26	7.84	8.75	13.32	13.83	9.98	13.87	11.55	15.81	14.67	17.03
Diluted EPS from Cont Ops	6.37	7.57	8.26	8.09	7.85	8.36	9.23	13.85	14.35	10.51	14.43	12.14	16.41	15.47	17.95
Dividend per Share	2.95	3.02	3.04	3.37	3.34	3.34	3.48	4.21	4.61	4.95	5.04	5.4	5.82	6.2	6.62
Cash Flow per Share	13.13	3.68	6.76	8.39	12.74	7.54	18.27	15.09	17.54	6.13	21.1	28.03	23.48	21.68	19.03
Free Cash Flow per Basic Share	13.13	3.68	6.76	8.39	12.74	7.54	18.27	15.09	17.54	6.13	21.1	28.03	23.48	21.68	19.03
Cash & Equivalents per Share	62.67	53.47	59.43	127.86	132.89	125.84	115.91	132.79	114.44	234.1	366.51	219.89	242.21	239.44	257.65
Book Value per Share	67.26	72.79	79.87	83.93	93.64	97.68	100.07	102.73	110.8	116.41	125.52	137.68	150.15	160.91	173.5
Tangible Book Value per Share	37.65	44.39	52.33	57.02	63.98	67.64	68.99	69.23	75.4	80.5	89.8	86.29	98.32	109.2	117.33

M&T Bank Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)