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M&T Bank (MTB) Tax Rate (2016 - 2024)

M&T Bank (MTB) has disclosed Tax Rate for 16 consecutive years, with 22.79% as the latest value for Q4 2024.

  • Quarterly Tax Rate fell 21.0% to 22.79% in Q4 2024 from the year-ago period, while the trailing twelve-month figure was 21.81% through Dec 2024, down 243.0% year-over-year, with the annual reading at 22.78% for FY2025, 97.0% up from the prior year.
  • Tax Rate hit 22.79% in Q4 2024 for M&T Bank, up from 20.68% 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.
  • Historically, Tax Rate has averaged 23.37% across 5 years, with a median of 23.65% in 2021.
  • Biggest five-year swings in Tax Rate: surged 1896bps in 2020 and later crashed -416bps in 2024.
  • Year by year, Tax Rate stood at 24.07% in 2020, then fell by -2bps to 23.6% in 2021, then grew by 3bps to 24.3% in 2022, then fell by -5bps to 23.0% in 2023, then fell by -1bps to 22.79% in 2024.
  • Business Quant data shows Tax Rate for MTB at 22.79% in Q4 2024, 20.68% in Q3 2024, and 23.39% in Q2 2024.