MTB
M&T Bank Corporation Financial Services - Banking Investor Relations →
M&T Bank Corporation (MTB) closed at $238.01 as of 2026-02-02, trading 53.4% above its 200-week moving average of $155.15. The stock moved further from the line this week, up from 43.2% last week. With a 14-week RSI of 95, MTB is in overbought territory.
Over the past 2346 weeks of data, MTB has crossed below its 200-week moving average 21 times. On average, these episodes lasted 12 weeks. Historically, investors who bought MTB at the start of these episodes saw an average one-year return of +34.6%.
With a market cap of $37.2 billion, MTB is a large-cap stock. Return on equity stands at 9.8%. The stock trades at 1.4x book value.
Share count has increased 28.6% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in MTB would have grown to $3693, compared to $2849 for the S&P 500. That represents an annualized return of 11.5% vs 10.6% for the index — confirming MTB as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: MTB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MTB Crosses Below the Line?
Across 18 historical episodes, buying MTB when it crossed below its 200-week moving average produced an average return of +27.0% after 12 months (median +37.0%), compared to +11.8% for the S&P 500 over the same periods. 78% of those episodes were profitable after one year. After 24 months, the average return was +37.4% vs +25.3% for the index.
Each line shows $100 invested at the moment MTB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MTB has crossed below its 200-week MA 21 times with an average 1-year return of +34.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1990 | Aug 1990 | 1 | 1.1% | +91.5% | +10125.6% |
| Sep 1990 | Nov 1990 | 9 | 8.3% | +93.9% | +10528.4% |
| Jan 1991 | Jan 1991 | 2 | 0.7% | +103.1% | +9809.0% |
| Feb 2000 | Mar 2000 | 5 | 9.0% | +75.7% | +1076.7% |
| May 2000 | May 2000 | 2 | 3.8% | +74.8% | +1035.5% |
| Jul 2007 | Aug 2007 | 2 | 2.8% | -26.1% | +319.3% |
| Oct 2007 | Mar 2010 | 125 | 65.2% | -25.7% | +310.4% |
| May 2010 | Jun 2010 | 1 | 1.3% | +17.7% | +390.5% |
| Nov 2011 | Nov 2011 | 1 | 1.9% | +52.5% | +423.3% |
| Jan 2016 | Jan 2016 | 2 | 2.7% | +52.9% | +202.5% |
| Feb 2016 | Feb 2016 | 3 | 1.8% | +59.8% | +198.4% |
| Dec 2018 | Dec 2018 | 1 | 0.9% | +25.3% | +114.1% |
| Aug 2019 | Sep 2019 | 2 | 2.0% | -26.5% | +103.9% |
| Feb 2020 | Jan 2021 | 45 | 41.1% | +11.6% | +106.3% |
| Jan 2021 | Feb 2021 | 4 | 8.0% | +15.2% | +94.9% |
| Jun 2021 | Jun 2021 | 1 | 0.1% | +16.9% | +92.4% |
| Jul 2021 | Sep 2021 | 11 | 9.7% | +15.0% | +93.3% |
| Dec 2022 | Dec 2022 | 1 | 0.8% | +6.1% | +88.2% |
| Mar 2023 | Jul 2023 | 19 | 19.7% | +12.8% | +98.3% |
| Aug 2023 | Dec 2023 | 17 | 18.8% | +24.1% | +90.2% |
| Feb 2024 | Feb 2024 | 1 | 0.0% | +55.2% | +90.0% |
| Average | 12 | — | +34.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02