Buyback yield (TTM)
9.52%
Shareholder yield (TTM)
12.19%
5Y share count change
21.6%
Buyback spend (TTM)
$3.21B
Cumulative buybacks
$20.67B
Key takeaways
- M&T Bank (MTB) repurchased about $3.21B of stock over the trailing twelve months.
- Diluted share count is up 21.6% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 23.63× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +47.7% per year over the latest 5-year window.
- TTM repurchases used about 137% of free cash flow remaining after dividends.
Dividend & buyback yield over time for M&T Bank (MTB)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for M&T Bank (MTB)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for M&T Bank (MTB)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for M&T Bank (MTB)
Latest: $2.63B
Overview
M&T Bank (MTB) most recent annual buyback spend stands at $2.63B (2025) – surged 252.7% year-over-year.
Across 2020–2025 (5 years), M&T Bank buyback spend produced a CAGR of +47.7% – sustaining 2 straight years of year-over-year growth.
Between 2015 and 2025, M&T Bank buyback spend declined 19.6%, falling from $3.27B to $2.63B.
The highest annual buyback spend of $3.27B was reported in 2015. The lowest in the available history was $0.00 in 1989.
M&T Bank Buyback Spend 2025: $2.63B
M&T Bank posted buyback spend of $2.63B in 2025, surged 252.7% from 2024.
M&T Bank Buyback Spend 2024: $746.00M
In 2024, M&T Bank reported buyback spend of $746.00M, grew 25.6% from 2023.
M&T Bank Buyback Spend 2023: $594.00M
M&T Bank buyback spend in 2023 was $594.00M, plunged 67.0% below 2022.
M&T Bank Buyback Spend 2022: $1.80B
2022's buyback spend for M&T Bank came in at $1.80B, surged 263.6% from 2021.
M&T Bank Buyback Spend 2021: $495.00M
M&T Bank buyback spend in 2021 was $495.00M.
See more financial history for M&T Bank (MTB).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.63B | $136.00M | $2.50B | 8.00% | 0.16B | -6.4% | |
| 2024 | $746.00M | $0.00 | $746.00M | 2.39% | 0.17B | +0.2% | |
| 2023 | $594.00M | $0.00 | $594.00M | 2.61% | 0.17B | +1.8% | |
| 2022 | $1.80B | $0.00 | $1.80B | 7.25% | 0.16B | +27.3% | |
| 2021 | $495.00M | $0.00 | $495.00M | 2.50% | 0.13B | +0.1% | |
| 2020 | $373.75M | $0.00 | $373.75M | 2.29% | 0.13B | -4.3% | |
| 2019 | $1.73B | $0.00 | $1.73B | 7.76% | 0.13B | -2.9% | |
| 2018 | $2.19B | $0.00 | $2.19B | 10.97% | 0.14B | -9.2% | |
| 2017 | $1.21B | $0.00 | $1.21B | 4.69% | 0.15B | -3.0% | |
| 2016 | $1.14B | $0.00 | $1.14B | 4.69% | 0.16B | +14.4% | |
| 2015 | $3.27B | $0.00 | $3.27B | 17.97% | 0.14B | +4.3% | |
| 2014 | $0.00 | $0.00 | $0.00 | — | 0.13B | -4.3% | |
| 2013 | $0.00 | $0.00 | $0.00 | — | 0.14B | +1.3% | |
| 2012 | $0.00 | $0.00 | $0.00 | — | 0.14B | +0.8% | |
| 2011 | $370.00M | $0.00 | $370.00M | 3.89% | 0.13B | +13.5% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 0.12B | +3.5% | |
| 2009 | $1.55B | $0.00 | $1.55B | 17.77% | 0.11B | +3.5% | |
| 2008 | $0.00 | $0.00 | $0.00 | — | 0.11B | +0.8% | |
| 2007 | $508.40M | $0.00 | $508.40M | 5.78% | 0.11B | -3.4% | |
| 2006 | $373.86M | $0.00 | $373.86M | 2.79% | 0.11B | -2.0% | |
| 2005 | $509.61M | $0.00 | $509.61M | 4.18% | 0.12B | -3.5% | |
| 2004 | $610.26M | $0.00 | $610.26M | 4.93% | 0.12B | +3.8% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.12B | +14.3% | |
| 2002 | $240.31M | $0.00 | $240.31M | 3.28% | 0.10B | +2.5% | |
| 2001 | $323.74M | $0.00 | $323.74M | 4.76% | 0.10B | +19.0% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.08B | +2.7% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.08B | +1.8% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.08B | +14.2% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.07B | -2.2% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.07B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$2.63B
- 2024$746.00M
- 2023$594.00M
- 2022$1.80B
- 2021$495.00M
- 2020$373.75M
- 2019$1.73B
- 2018$2.19B
- 2017$1.21B
- 2016$1.14B
- 2015$3.27B
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$370.00M
- 2010$0.00
- 2009$1.55B
- 2008$0.00
- 2007$508.40M
- 2006$373.86M
- 2005$509.61M
- 2004$610.26M
- 2003$0.00
- 2002$240.31M
- 2001$323.74M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for M&T Bank (MTB)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 23.63×.
Buybacks vs dividends (share of cash returned) for M&T Bank (MTB)
How M&T Bank splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as M&T Bank, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.35B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation