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M&T BankSTU:MTZ -1.58%73 Return-on-Tangible-Equity is 13.33% as of Mar. 2026, which is 2% below its 10-year median of 13.61. GuruFocus rates STU:MTZ with a GF Score™ of 73/100 and a GF Value™ of €178.88 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,523 Banks companies, M&T Bank ranks better than 75.71% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. M&T Bank's annualized net income for the quarter that ended in Mar. 2026 was €2,297 Mil. M&T Bank's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €17,230 Mil. Therefore, M&T Bank's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.33%.
The historical rank and industry rank for M&T Bank's Return-on-Tangible-Equity or its related term are showing as below:
STU:MTZ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.32 Med: 13.61 Max: 17.61
Current: 15.21
During the past 13 years, M&T Bank's highest Return-on-Tangible-Equity was 17.61%. The lowest was 11.32%. And the median was 13.61%.
STU:MTZ's Return-on-Tangible-Equity is ranked better than 75.71% of 1523
companies
in the Banks industry
Industry Median: 11.23
vs STU:MTZ: 15.21
M&T Bank (STU:MTZ) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
M&T Bank Return-on-Tangible-Equity Related Terms
M&T Bank Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for M&T Bank's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:MTZ vs HBAN, BAP, CFG: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, M&T Bank's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
M&T Bank Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, M&T Bank's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where M&T Bank's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.33% mean?
M&T Bank (STU:MTZ) has a Return-on-Tangible-Equity of 13.33% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on M&T Bank and its competitors. This is near median its historical median of 13.61. Over the past decade, M&T Bank's Return-on-Tangible-Equity has ranged from 11.32 to 17.61. According to the industry distribution chart, M&T Bank ranks #370 out of 1523 companies in the Banks industry, placing it in the top 24.3%.
Is M&T Bank's Return-on-Tangible-Equity too high?
M&T Bank's current Return-on-Tangible-Equity of 13.33% is near median its 10-year median of 13.61. Over the past 10 years, this metric has ranged from a low of 11.32 to a high of 17.61. The Banks industry median Return-on-Tangible-Equity is 11.23. M&T Bank's value of 13.33% is 18.7% above this industry median. Based on the distribution chart, M&T Bank ranks #370 out of 1523 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, M&T Bank has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does M&T Bank's Return-on-Tangible-Equity compare to HBAN and BAP?
According to the Banks industry distribution chart, M&T Bank ranks #370 out of 1523 companies for Return-on-Tangible-Equity. This places M&T Bank in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 11.23. M&T Bank's value of 13.33% is 18.7% above this benchmark. Historically, M&T Bank's own Return-on-Tangible-Equity has ranged from 11.32 to 17.61 over the past decade. While the company's 10-year median is 13.61 vs. the industry median of 11.23, M&T Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.23, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. M&T Bank's current Return-on-Tangible-Equity of 13.33% is 18.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on M&T Bank and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M&T Bank's current Return-on-Tangible-Equity is 13.33%, which is near median its own 10-year median of 13.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M&T Bank stock overvalued right now?
Based on GuruFocus' analysis, M&T Bank (STU:MTZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €178.88, compared to a current price of €217.60 — trading 21.6% above its estimated fair value. The current Return-on-Tangible-Equity is 13.33%, which is near median its 10-year median of 13.61 and 18.7% above the Banks industry median of 11.23. M&T Bank's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For M&T Bank (STU:MTZ), the current Return-on-Tangible-Equity is 13.33% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is M&T Bank (STU:MTZ) Overvalued in 2026?
Based on GuruFocus' analysis, M&T Bank stock appears to be overvalued.
The current stock price of €217.60 is trading 21.6% above its estimated GF Value™ of €178.88.
GuruFocus considers M&T Bank to be Modestly Overvalued.
Key valuation signals for STU:MTZ:
Return-on-Tangible-Equity: 13.33% (near median its 10-year median of 13.61)
GF Value™: €178.88 vs. price of €217.60 (21.6% above fair value)
Industry Position: 18.7% above the Banks median (#370 of 1523)
No single metric tells the full story. See the STU:MTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M&T Bank is a US regional bank with around $215 billion in assets as of the end of the first quarter of 2026. Headquartered in Buffalo, New York, the bank's footprint is mostly concentrated in New England and the US Mid-Atlantic. M&T Bank boasts a community banking approach, and boasts over 900 branches in 13 states and Washington, D.C. Apart from retail and commercial banking, M&T Bank also has wealth management operations through Wilmington Trust and a partnership with LPL Financial, and a corporate trust business.
73GF Score
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