Free Cash Flow for M&T Bank (MTB)
Free Cash Flow for M&T Bank (MTB): headline value $2.95B · YoY -15.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MTB
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.95B
YoY change
-15.7%
5Y CAGR
+35.9%
Peak year (2022)
$4.36B
Latest annual
$2.86B
Free Cash Flow history chart for M&T Bank (MTB) from 1989 to 2025
Free Cash Flow history table for M&T Bank (MTB) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.86B | -15.7% | ||
| 2024 | $3.39B | -7.0% | ||
| 2023 | $3.65B | -16.3% | ||
| 2022 | $4.36B | +69.9% | ||
| 2021 | $2.57B | +315.9% | ||
| 2020 | $616.90M | -71.7% | ||
| 2019 | $2.18B | +9.4% | ||
| 2018 | $1.99B | -26.3% | ||
| 2017 | $2.70B | +151.3% | ||
| 2016 | $1.08B | -35.2% | ||
| 2015 | $1.66B | +61.9% | ||
| 2014 | $1.03B | +27.8% | ||
| 2013 | $802.76M | +96.5% | ||
| 2012 | $408.46M | -76.0% | ||
| 2011 | $1.70B | +6.0% | ||
| 2010 | $1.61B | +42.0% | ||
| 2009 | $1.13B | -26.2% | ||
| 2008 | $1.53B | +25.0% | ||
| 2007 | $1.23B | +173.5% | ||
| 2006 | $447.89M | +102.2% | ||
| 2005 | $221.46M | -65.1% | ||
| 2004 | $634.81M | -47.3% | ||
| 2003 | $1.20B | +93.8% | ||
| 2002 | $621.59M | +376.1% | ||
| 2001 | $130.56M | -60.2% | ||
| 2000 | $327.86M | -43.8% | ||
| 1999 | $583.70M | +2848.0% | ||
| 1998 | $19.80M | -94.3% | ||
| 1997 | $346.10M | +61.8% | ||
| 1996 | $213.90M | +135.1% | ||
| 1995 | $91.00M | -72.4% | ||
| 1994 | $330.30M | +103.3% | ||
| 1993 | $162.50M | -43.0% | ||
| 1992 | $285.00M | +23.5% | ||
| 1991 | $230.80M | +202.9% | ||
| 1990 | $76.20M | +333.0% | ||
| 1989 | $17.60M | — |
Free Cash Flow values are taken from M&T Bank's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of M&T Bank (MTB) free cash flow is $2.86B – declined 15.7% year-over-year.
Through 2020–2025 (5 years), M&T Bank free cash flow delivered a +35.9% annualised rate; with the latest reading among the more recent periods of the dataset.
M&T Bank free cash flow plunged from $4.36B in 2022 to $2.86B in 2025, a 34.4% drawdown.
Across the available history, free cash flow reached its high of $4.36B in 2022 and its low of $17.60M in 1989.
M&T Bank (MTB) sits 7th of 8 Financial Services peers we track on this metric, against a peer median of $19.24B.
M&T Bank Free Cash Flow by Year
M&T Bank Free Cash Flow 2025: $2.86B
M&T Bank free cash flow in 2025 was $2.86B, declined 15.7% below 2024.
M&T Bank Free Cash Flow 2024: $3.39B
M&T Bank free cash flow in 2024 was $3.39B, declined 7.0% below 2023.
M&T Bank Free Cash Flow 2023: $3.65B
M&T Bank free cash flow in 2023 was $3.65B, declined 16.3% below 2022.
M&T Bank Free Cash Flow 2022: $4.36B
M&T Bank free cash flow in 2022 was $4.36B, surged 69.9% from 2021. This figure represents the highest annual value in the available history.
M&T Bank Free Cash Flow 2021: $2.57B
M&T Bank free cash flow in 2021 was $2.57B.
See more financial history for M&T Bank (MTB).
Sector peers — Free Cash Flow
Companies in the same sector as M&T Bank, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Morgan Stanley (MS) | $46.10B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Mastercard Incorporated (MA) | $16.91B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is M&T Bank's free cash flow?
Latest reported free cash flow for M&T Bank (MTB) is $2.95B (period ending December 31, 2025).
How has M&T Bank free cash flow changed year-over-year?
M&T Bank (MTB) free cash flow changed -15.7% year-over-year on the latest annual filing.
What is the long-term growth rate of M&T Bank free cash flow?
M&T Bank (MTB) free cash flow compound annual growth rate is +35.9% over the most recent 5 years available.
When did M&T Bank free cash flow hit its highest annual value?
M&T Bank free cash flow reached its highest annual value of $4.36B in 2022.
What was M&T Bank free cash flow in 2024?
M&T Bank (MTB) free cash flow in 2024 was $3.39B.
What was M&T Bank free cash flow in 2025?
M&T Bank (MTB) free cash flow in 2025 was $2.86B.
Metrics overview
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