M&T Bank (MTB) vs Northern (NTRS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Northern (NTRS) has outperformed M&T Bank (MTB) over the past year, gaining 27.0% versus a gain of 14.3%. Over five years, MTB leads with a +43.3% price change compared with +39.2% for NTRS. M&T Bank is the larger company by market cap ($31.28 billion vs $30.77 billion), about 1.0 times the size.
On valuation, M&T Bank trades at a lower forward P/E (10.3x vs 13.1x for Northern). M&T Bank offers the higher dividend yield (2.77% vs 1.90%). M&T Bank converts more of its revenue into profit, with a net margin of 172.1% versus 21.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTB | NTRS |
|---|---|---|
| Share price | $216.63 | $168.18 |
| Market cap | $31.28B | $30.77B |
| 1-day change | -0.96% | -0.76% |
| YTD return | +7.52% | +23.13% |
| 1-year return | +14.27% | +26.98% |
| 5-year return | +43.34% | +39.15% |
| P/E ratio (TTM) | 11.45 | 14.45 |
| Forward P/E | 10.30 | 13.11 |
| EPS (TTM) | $18.92 | $11.64 |
| Dividend yield | 2.77% | 1.90% |
| Annual dividend | $6.00 | $3.20 |
| Revenue (latest FY) | $1.66B | $8.09B |
| Revenue growth (YoY) | +7.53% | -2.46% |
| Net income (latest FY) | $2.85B | $1.74B |
| Net margin | 172.06% | 21.48% |
| 52-week high | $255.95 | $195.78 |
| 52-week low | $174.76 | $121.12 |
| Distance from 52-week high | -15.36% | -14.10% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +16.75% | +8.59% |
| Average volume | 1.06M | 1.05M |
| Shares outstanding | 144.42M | 182.96M |
| Employees | 21,662 | 23,600 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NTRS has outperformed MTB by 12.7 percentage points over the past year.
- Northern trades at a higher earnings multiple (14.4x vs 11.4x trailing P/E).
- M&T Bank is more profitable, keeping 172.1 cents of every revenue dollar as net income versus 21.5 cents for Northern.
- M&T Bank grew revenue faster in its latest fiscal year (+7.53% vs -2.46%).
About M&T Bank
MTB stock →M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Finance · Major Banks · 21,662 employees
About Northern
NTRS stock →Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals. It operates in two segments, Asset Servicing and Wealth Management.
Finance · Major Banks · 23,600 employees
MTB vs NTRS FAQ
Which is bigger, M&T Bank or Northern?
M&T Bank (MTB) is larger, with a market capitalization of $31.28B compared with $30.77B for Northern (NTRS).
Which stock has performed better over the past year, MTB or NTRS?
NTRS returned +26.98% over the past 12 months, compared with +14.27% for MTB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTB or NTRS?
MTB has the lower trailing P/E at 11.4, versus 14.4 for NTRS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, M&T Bank or Northern?
M&T Bank has the higher yield at 2.77%, compared with 1.90% for Northern.
Are M&T Bank and Northern in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.