M&T Bank Corporation (MTB) debt
What M&T Bank owes, when it comes due, and what it costs to carry, from the balances and cash flows the company reports to the U.S. Securities and Exchange Commission.
At a glance
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Total debt | $18.18B | $14.45B | +$3.73B |
| Due within a year | $4.61B | $2.07B | +$2.54B |
| Long-term debt | $13.57B | $12.38B | +$1.19B |
| Cash and equivalents | $17.44B | $21.43B | −$3.99B |
| Net debt | $744M | -$6.97B | +$7.72B |
Total debt is the sum of the debt lines the company reports at that date (long-term, current and short-term borrowings), not a figure the company reports as a total.
Debt over time
| Balance date | Total debt | Due within a year | Long-term debt | Cash |
|---|---|---|---|---|
| Jun 2026 | $18.18B† | $4.61B | $13.57B | $17.44B |
| Mar 2026 | $19.03B† | $7.85B | $11.18B | $16.35B |
| Dec 2025 | $13.06B† | $2.15B | $10.91B | $18.77B |
| Sep 2025 | $14.99B† | $2.06B | $12.93B | $1.95B |
| Jun 2025 | $14.45B† | $2.07B | $12.38B | $21.43B |
| Mar 2025 | $12.07B† | $1.57B | $10.50B | $22.77B |
| Dec 2024 | $13.66B† | $1.06B | $12.61B | $20.78B |
| Sep 2024 | $14.19B† | $2.60B | $11.58B | $2.22B |
| Jun 2024 | $16.08B† | $4.76B | $11.32B | $1.78B |
| Mar 2024 | $16.25B† | $4.79B | $11.45B | $1.70B |
| Dec 2023 | $13.52B† | $5.32B | $8.20B | $29.80B |
| Sep 2023 | $13.85B† | $6.73B | $7.12B | $1.77B |
† Sum of the debt lines the company reports at that date, not a reported total.
When it comes due
Principal due by year as of December 31, 2025.
| Due | Principal | Share of total |
|---|---|---|
| Within 1 year | $15M | 0.1% |
| Year 2 | $992M | 9.1% |
| Year 3 | $2.55B | 23.4% |
| Year 4 | $1.80B | 16.5% |
| Year 5 | $411M | 3.8% |
| After year 5 | $5.14B | 47.1% |
| Total | $10.91B | 100% |
Interest cost and borrowing
| Fiscal year | Interest expense | Borrowed | Repaid |
|---|---|---|---|
| FY Dec 2025 | — | $3.53B | $5.38B |
| FY Dec 2024 | — | $5.50B | $1.01B |
| FY Dec 2023 | $3.11B | $5.04B | $824M |
| FY Dec 2022 | $425M | $999M | $907M |
| FY Dec 2021 | $114M | $10M | $853M |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters.
About these figures
These are the balances M&T Bank reports in its SEC filings as of each balance-sheet date, and the interest, borrowing and repayments it reports for each period. This page does not show market prices or yields of the company's bonds. "Long-term debt" is the line as the company tags it in its filings and may or may not include the portion due within a year.
All figures from company filings with the SEC.