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M&T Bank (MTB) Tax Rate: 2009-2024

Historic Tax Rate for M&T Bank (MTB) over the last 16 years, with Dec 2024 value amounting to 22.79%.

  • M&T Bank's Tax Rate fell 21.00% to 22.79% in Q4 2024 from the same period last year, while for Dec 2024 it was 21.81%, marking a year-over-year decrease of 243.00%. This contributed to the annual value of 21.81% for FY2024, which is 245.00% down from last year.
  • Per M&T Bank's latest filing, its Tax Rate stood at 22.79% for Q4 2024, which was up 10.19% from 20.68% recorded in Q3 2024.
  • M&T Bank's 5-year Tax Rate high stood at 25.19% for Q2 2023, and its period low was 20.03% during Q1 2024.
  • For the 3-year period, M&T Bank's Tax Rate averaged around 23.06%, with its median value being 23.55% (2022).
  • In the last 5 years, M&T Bank's Tax Rate surged by 353bps in 2023 and then plummeted by 416bps in 2024.
  • Over the past 5 years, M&T Bank's Tax Rate (Quarterly) stood at 24.07% in 2020, then slumped by 47bps to 23.60% in 2021, then surged by 70bps to 24.30% in 2022, then plummeted by 130bps to 23.00% in 2023, then decreased by 21bps to 22.79% in 2024.
  • Its Tax Rate was 22.79% in Q4 2024, compared to 20.68% in Q3 2024 and 23.39% in Q2 2024.