Direct Answer
SEC EDGAR classifies M&T Bank under SIC code 6022 (State Commercial Banks). Among Swoopr's S&P 500 Equal Weight companies, 51 others share that classification; by latest reported revenue, M&T Bank ranks 7 of 52. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes.
How Does M&T Bank Compare With Its Peers?
| Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|
| BNY Mellon (BNY) | $20.1 billion FY2025 | 7.8% | n/a | 27.6% |
| State Street Corporation (STT) | $13.9 billion FY2025 | 7.3% | n/a | 21.1% |
| First Citizens BancShares Inc. (FCNCA) | $9.5 billion FY2025 | -2.2% | n/a | 23.1% |
| Citizens Financial Group (CFG) | $8.2 billion FY2025 | 5.6% | n/a | 22.2% |
| Northern Trust (NTRS) | $8.1 billion FY2025 | -2.5% | n/a | 21.5% |
| Ally Financial Inc. (ALLY) | $7.9 billion FY2025 | -3.3% | n/a | 10.8% |
| M&T Bank (MTB) | $1.7 billion FY2025 | 7.5% | n/a | 172.1% |
| GBank Financial Holdings Inc. (GBFH) | $1.2 billion FY2025 | n/a | n/a | 1.7% |
| Associated Banc-Corp (ASB) | $1.1 billion FY2023 | -11.0% | n/a | 16.6% |
| First Busey Corporation (BUSE) | $720 million FY2025 | 55.7% | n/a | 18.8% |
| Fifth Third Bancorp (FITB) | $577 million FY2023 | -2.0% | n/a | 407.1% |
| QCR Holdings Inc. (QCRH) | $546 million FY2023 | 46.3% | n/a | 20.8% |
| German American Bancorp Inc. (GABC) | $487 million FY2025 | 37.8% | n/a | 23.1% |
| Republic Bancorp Inc. (RBCAA) | $417 million FY2025 | 8.5% | n/a | 31.5% |
| Univest Financial Corporation (UVSP) | $328 million FY2025 | 9.6% | n/a | 27.7% |
| United Bankshares Inc. (UBSI) | $312 million FY2022 | n/a | n/a | 121.7% |
| Farmers National Banc Corp. (FMNB) | $280 million FY2025 | 3.9% | n/a | 19.5% |
| Wintrust Financial Corporation (WTFC) | $266 million FY2025 | 5.9% | n/a | 310.2% |
| ChoiceOne Financial Services Inc. (COFS) | $228 million FY2025 | 63.6% | n/a | 12.4% |
| ACNB Corporation (ACNB) | $192 million FY2025 | 45.1% | n/a | 19.3% |
| Columbia Banking System Inc. (COLB) | $177 million FY2025 | 18.8% | n/a | 310.7% |
| C&F Financial Corporation (CFFI) | $141 million FY2025 | 10.6% | n/a | 19.1% |
| Western Alliance Bancorporation (WAL) | $136 million FY2025 | 99.7% | n/a | 713.5% |
| MainStreet Bancshares Inc. (MNSB) | $136 million FY2025 | -1.6% | n/a | 11.5% |
| Glacier Bancorp Inc. (GBCI) | $101 million FY2025 | 7.5% | n/a | 236.5% |
| First Western Financial Inc. (MYFW) | $97 million FY2025 | 7.6% | n/a | 13.6% |
| Investar Holding Corporation (ISTR) | $94 million FY2025 | 7.1% | n/a | 24.5% |
| Peoples Bancorp Inc. (PEBO) | $87 million FY2025 | 2.3% | 155.4% | 123.1% |
| First Bancorp (FBNC) | $68 million FY2025 | -3.6% | n/a | 164.2% |
| Cathay General Bancorp (CATY) | $54 million FY2025 | 2.9% | n/a | 585.8% |
| TriCo Bancshares (TCBK) | $53 million FY2025 | 4.1% | n/a | 227.4% |
| Mechanics Bancorp (MCHB) | $50 million FY2025 | 3.3% | n/a | 534.4% |
| Orrstown Financial Services Inc. (ORRF) | $37 million FY2025 | 36.0% | n/a | 217.7% |
| Independent Bank Corporation (IBCP) | $32 million FY2025 | 0.3% | n/a | 213.7% |
| Bar Harbor Bankshares Inc. (BHB) | $29 million FY2022 | n/a | n/a | 148.3% |
| Civista Bancshares Inc. (CIVB) | $19 million FY2025 | -0.5% | n/a | 242.9% |
| First National Corporation (FXNC) | $14 million FY2025 | 0.8% | n/a | 123.9% |
| Metropolitan Bank Holding Corp. (MCB) | $11 million FY2025 | -53.8% | n/a | 643.2% |
| Business First Bancshares Inc. (BFST) | $11 million FY2025 | 1.2% | n/a | 821.2% |
| Citizens Financial Services Inc. (CZFS) | $10 million FY2025 | 2.8% | n/a | 370.1% |
| Norwood Financial Corp. (NWFL) | $8 million FY2025 | 8.1% | n/a | 347.0% |
| RBB Bancorp (RBB) | $5 million FY2025 | -2.4% | n/a | 618.3% |
| Bank of the James Financial Group Inc. (BOTJ) | $4 million FY2025 | 6.7% | n/a | 211.1% |
| OP Bancorp (OPBK) | $3 million FY2025 | -1.7% | n/a | 800.1% |
| PCB Bancorp (PCB) | $3 million FY2025 | 4.5% | n/a | 1291.9% |
| Bankwell Financial Group Inc. (BWFG) | $3 million FY2025 | 44.0% | n/a | 1245.5% |
| CoastalSouth Bancshares Inc. (COSO) | $2 million FY2025 | 6.4% | n/a | 1254.0% |
| FVCBankcorp Inc. (FVCB) | $2 million FY2025 | 13.9% | n/a | 1238.5% |
| First US Bancshares Inc. (FUSB) | $1 million FY2025 | -7.5% | n/a | 525.6% |
| First Community Corporation (FCCO) | $922,000 FY2025 | -3.2% | n/a | 2083.0% |
| Auburn National Bancorporation Inc. (AUBN) | $619,000 FY2025 | 0.8% | n/a | 1172.1% |
| Eagle Financial Services Inc (EFSI) | $0 FY2023 | -100.0% | n/a | n/a |
Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care.
How Does M&T Bank Rank Among All SEC Filers in Its Industry Code?
51 companies with annual reports in Swoopr's SEC dataset share SIC code 6022 (State Commercial Banks), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars.
| Measure | M&T Bank | Median of filers | Rank |
|---|---|---|---|
| Revenue | $1.7 billion | $97 million | 7 of 51 |
| Revenue growth | 7.5% | 5.1% | 17 of 48 |
| Net margin | 172.1% | 172.1% | 26 of 51 |
A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality.
Where These Numbers Come From
Every figure on this page is a value M&T Bank reported in its own SEC filings, read from the SEC's XBRL data (accession 0000036270-26-000010 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
Who are M&T Bank's competitors?
Companies sharing M&T Bank's SEC classification (SIC code 6022 (State Commercial Banks)) include BNY Mellon (BNY), State Street Corporation (STT), First Citizens BancShares Inc. (FCNCA), Citizens Financial Group (CFG), Northern Trust (NTRS). Its 10-K names the competitors it considers most relevant.
How does M&T Bank compare with its peers on margins?
A margin comparison needs reported operating income for M&T Bank and its peers; where either is missing, Swoopr leaves the comparison out.
How are these peers chosen?
By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict.
How does M&T Bank rank among all companies in its SEC industry?
Among 51 SEC filers under SIC code 6022, M&T Bank ranks 7 by latest revenue.