M&T Bank (MTB) Return on Invested Capital [ROIC] (2009 - 2026)
M&T Bank's Return on Invested Capital [ROIC] was 16.54% in Q2 2026, down 1.93 percentage points from 18.46% a year earlier and down 0.15 percentage points from the prior quarter.
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Analysis
M&T Bank (MTB) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at M&T Bank came in at 18.18%, up 0.48 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now increased for three consecutive years, with a five-year change of +8.18 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 17.70% in FY2024 (+2.00 pp), 15.70% in FY2023 (+5.82 pp), 9.89% in FY2022 (-1.49 pp) and 11.37% in FY2021 (+1.37 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since Q2 2024.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of +1.36 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2023 (a gain of 6.80 percentage points); the worst was Q3 2022 (a drop of 4.67 percentage points).
- Per Business Quant data, MTB's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was 16.68% (Q1 2026), 17.98% (Q4 2025) and 18.21% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 32.13% |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 25.16% |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 42.00% |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 11.34% |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 6.24% |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 14.05% |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 27.68% |
| 10 | M&T Bank | 31.65 Bn | 31.65 Bn | - | 16.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.54% |
| Mar 31, 2026 | 16.68% |
| Dec 31, 2025 | 17.98% |
| Sep 30, 2025 | 18.21% |
| Jun 30, 2025 | 18.46% |
| Mar 31, 2025 | 18.87% |
| Dec 31, 2024 | 19.01% |
| Sep 30, 2024 | 17.58% |
| Jun 30, 2024 | 15.86% |
| Mar 31, 2024 | 15.00% |
| Dec 31, 2023 | 14.03% |
| Sep 30, 2023 | 13.61% |
| Jun 30, 2023 | 12.62% |
| Mar 31, 2023 | 9.87% |
| Dec 31, 2022 | 8.34% |
| Sep 30, 2022 | 6.81% |
| Jun 30, 2022 | 7.20% |
| Mar 31, 2022 | 10.32% |
| Dec 31, 2021 | 10.93% |
| Sep 30, 2021 | 11.48% |
API Access
M&T Bank Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MTB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MTB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MTB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();