Is MTB or NTRS cheaper?

On trailing earnings, MTB is cheaper: MTB trades at a 12.98 P/E and NTRS at 18.21.

Which has grown faster, MTB or NTRS?

Over the past five years, NTRS grew revenue faster — MTB at a 14.97% CAGR versus NTRS at 18.70%.

Does MTB or NTRS pay a bigger dividend?

MTB yields 2.57% and NTRS yields 1.84% based on trailing dividends and the latest price.

Is MTB or NTRS more profitable?

MTB runs the higher net margin — MTB at 23.71% versus NTRS at 12.83%.

Which has been the better investment, MTB or NTRS?

Over the past 10-year, NTRS delivered the higher annualized total return — MTB at 10.78% versus NTRS at 13.42%. Past performance doesn't predict future results.

M&T Bank Corporation (MTB) vs Northern Trust Corporation (NTRS)

MTB leads on 11 of 14 compared metrics.

A side-by-side comparison of M&T Bank Corporation and Northern Trust Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 25, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MTB

M&T Bank Corporation

$34.51B

$233.26Financial Services

NTRS

Northern Trust Corporation

$32.51B

$173.93Financial Services

Total return — MTB vs NTRS

growth of $100 · last 30y

MTB +869.5%NTRS +1138.1%NTRS compounded faster

MTB NTRS

MTB vs NTRS: by the numbers

•MTB is the larger company ($34.51B vs $32.51B market cap).
•MTB trades at the lower earnings multiple (12.98 vs 18.21 P/E).
•MTB converts more revenue to profit (23.71% vs 12.83% net margin).
•NTRS grew revenue faster over the past five years (18.70% vs 14.97% CAGR).
•MTB pays the higher dividend yield (2.57% vs 1.84%).

Which is better, MTB or NTRS?

Metric tally: MTB 11 · NTRS 3

It depends on what you're optimizing for:

ValueMTB(lower P/E)

GrowthNTRS(faster 5Y revenue CAGR)

IncomeMTB(higher dividend yield)

QualityMTB(higher ROIC)

Metrics side by side

Valuation

Metric	MTB	NTRS
P/E ratio	12.98●	18.21
Forward P/E	12.48●	16.03
P/S ratio	2.95	2.23●
P/B ratio	1.31●	2.50
PEG ratio	0.73●	1.84

Profitability

Metric	MTB	NTRS
Gross margin	75.31%●	57.34%
Operating margin	30.69%●	17.23%
Net margin	23.71%●	12.83%
ROE	10.48%	14.40%●
ROIC	6.75%●	5.04%

Dividends

Metric	MTB	NTRS
Dividend yield	2.57%●	1.84%
Payout ratio	35.09%	36.41%

Growth (annualized)

Metric	MTB	NTRS
Revenue CAGR (5Y)	14.97%	18.70%●
EPS CAGR (5Y)	11.46%●	9.91%
Total return CAGR (5Y)	12.78%●	11.92%

Frequently asked

Which is better, MTB or NTRS?: It depends on your goal. value: MTB (lower P/E); growth: NTRS (faster 5Y revenue CAGR); income: MTB (higher dividend yield); quality: MTB (higher ROIC). Across all compared metrics, MTB leads 11 to 3.
Is MTB or NTRS cheaper?: On trailing earnings, MTB is cheaper: MTB trades at a 12.98 P/E and NTRS at 18.21.
Which has grown faster, MTB or NTRS?: Over the past five years, NTRS grew revenue faster — MTB at a 14.97% CAGR versus NTRS at 18.70%.
Does MTB or NTRS pay a bigger dividend?: MTB yields 2.57% and NTRS yields 1.84% based on trailing dividends and the latest price.
Is MTB or NTRS more profitable?: MTB runs the higher net margin — MTB at 23.71% versus NTRS at 12.83%.
Which has been the better investment, MTB or NTRS?: Over the past 10-year, NTRS delivered the higher annualized total return — MTB at 10.78% versus NTRS at 13.42%. Past performance doesn't predict future results.

Go deeper

Full MTB analysis Full NTRS analysis Interactive comparison tool

Dig into the metrics

M&T Bank P/E ratio Northern Trust P/E ratio M&T Bank dividend yield Northern Trust dividend yield M&T Bank ROE Northern Trust ROE M&T Bank operating margin Northern Trust operating margin M&T Bank revenue growth Northern Trust revenue growth M&T Bank free cash flow Northern Trust free cash flow

M&T Bank & Northern Trust appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 25, 2026.