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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 21.81%.

  • 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 21.81% for FY2024, which was down 10.09% from 24.26% recorded in FY2023.
  • Over the past 5 years, M&T Bank's Tax Rate peaked at 24.28% during FY2021, and registered a low of 21.81% during FY2024.
  • For the 3-year period, M&T Bank's Tax Rate averaged around 23.27%, with its median value being 23.74% (2022).
  • Per our database at Business Quant, M&T Bank's Tax Rate spiked by 75bps in 2021 and then crashed by 245bps in 2024.
  • M&T Bank's Tax Rate (Yearly) stood at 23.53% in 2020, then surged by 75bps to 24.28% in 2021, then tumbled by 54bps to 23.74% in 2022, then soared by 52bps to 24.26% in 2023, then slumped by 245bps to 21.81% in 2024.