M&T Bank (MTB) Tax Rate (2009 - 2026)

M&T Bank has disclosed Tax Rate across 18 years of filings, most recently posting 23.06% for Q1 2026.

• Tax Rate for Q1 2026 came in at 23.06%, down 20.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.75% (up 26.0% YoY), and the FY2025 annual result was 22.78%, up 97.0% from the prior year.
• Tax Rate came in at 23.06% for Q1 2026 at M&T Bank, up from 21.83% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 25.19% in Q2 2023 to a low of 20.03% in Q1 2024.
• The 5-year median for Tax Rate is 23.26% (2025), against an average of 23.0%.
• Across the five-year window, Tax Rate surged 353 bps in 2023 and tumbled 416 bps in 2024, its largest moves.
• M&T Bank's Tax Rate stood at 24.3% in 2022, then retreated by 5 bps to 23.0% in 2023, then dropped by 1 bps to 22.79% in 2024, then retreated by 4 bps to 21.83% in 2025, then climbed by 6 bps to 23.06% in 2026.
• The last three Tax Rate figures came in at 23.06% (Q1 2026), 21.83% (Q4 2025), and 22.73% (Q3 2025), per Business Quant data.