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

M&T Bank has disclosed Tax Rate across 18 years of filings, most recently posting 23.05% for Q2 2026.

• In Q2 2026, Tax Rate fell 37.0% year-over-year to 23.05%; the TTM figure through Jun 2026 stood at 22.67% (up 15.0% YoY), while the FY2025 annual figure was 22.78%, up 97.0% from the prior year.
• Tax Rate came in at 23.05% for Q2 2026 at M&T Bank, roughly flat from 23.06% 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.
• Average Tax Rate over 5 years is 23.0%, with a median of 23.16% recorded in 2025.
• Year-over-year, Tax Rate soared 353 bps in 2023 and slumped 416 bps in 2024.
• Over 5 years, 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 23.05% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 23.05% in Q2 2026, 23.06% in Q1 2026, and 21.83% in Q4 2025.