CBU vs. MTB

Last updated Apr 2, 2026

Compare and contrast key facts about Community Bank System, Inc. (CBU) and M&T Bank Corporation (MTB).

Performance

CBU vs. MTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Community Bank System, Inc. (CBU) and M&T Bank Corporation (MTB). The values are adjusted to include any dividend payments, if applicable.

CBU vs. MTB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBU Community Bank System, Inc.	4.25%	-3.84%	22.61%	-14.17%	-13.16%	22.28%	-9.59%	24.69%	11.06%	-10.90%
MTB M&T Bank Corporation	4.44%	10.89%	41.66%	-1.68%	-2.94%	24.28%	-22.16%	21.65%	-14.58%	11.35%

Fundamentals

Market Cap CBU : $3.33B MTB : $32.72B
EPS CBU : $3.89 MTB : $18.08
PE Ratio CBU : 15.26 MTB : 11.56
PEG Ratio CBU : 2.38 MTB : 1.56
PS Ratio CBU : 3.46 MTB : 2.68
PB Ratio CBU : 1.66 MTB : 1.24
Total Revenue (TTM) CBU : $928.71M MTB : $12.31B
Gross Profit (TTM) CBU : $682.00M MTB : $9.19B
EBITDA (TTM) CBU : $317.25M MTB : $3.96B

Returns By Period

The year-to-date returns for both investments are quite close, with CBU having a 4.25% return and MTB slightly higher at 4.44%. Over the past 10 years, CBU has underperformed MTB with an annualized return of 7.43%, while MTB has yielded a comparatively higher 9.51% annualized return.

CBU

• 1D: 1.26%
• 1M: -1.80%
• YTD: 4.25%
• 6M: 3.64%
• 1Y: 7.86%
• 3Y*: 7.85%
• 5Y*: -2.12%
• 10Y*: 7.43%

MTB

• 1D: 1.09%
• 1M: -4.79%
• YTD: 4.44%
• 6M: 8.61%
• 1Y: 22.07%
• 3Y*: 24.72%
• 5Y*: 9.94%
• 10Y*: 9.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CBU vs. MTB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBU

CBU Risk / Return Rank: 48
CBU Sharpe Ratio Rank: 51
CBU Sortino Ratio Rank: 43
CBU Omega Ratio Rank: 42
CBU Calmar Ratio Rank: 52
CBU Martin Ratio Rank: 53

MTB

MTB Risk / Return Rank: 65
MTB Sharpe Ratio Rank: 70
MTB Sortino Ratio Rank: 61
MTB Omega Ratio Rank: 62
MTB Calmar Ratio Rank: 66
MTB Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBU vs. MTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Community Bank System, Inc. (CBU) and M&T Bank Corporation (MTB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CBU	MTB	Difference
Sharpe ratio Return per unit of total volatility	0.29	0.85	-0.56
Sortino ratio Return per unit of downside risk	0.60	1.25	-0.65
Omega ratio Gain probability vs. loss probability	1.07	1.17	-0.10
Calmar ratio Return relative to maximum drawdown	0.49	1.20	-0.71
Martin ratio Return relative to average drawdown	1.15	3.06	-1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBU vs. MTB - Sharpe Ratio Comparison

The current CBU Sharpe Ratio is 0.29, which is lower than the MTB Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of CBU and MTB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CBU	MTB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.85	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.33	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.29	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.40	-0.07

Correlation

The correlation between CBU and MTB is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CBU vs. MTB - Dividend Comparison

CBU's dividend yield for the trailing twelve months is around 3.15%, more than MTB's 2.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBU Community Bank System, Inc.	3.15%	3.24%	2.95%	3.42%	2.76%	2.28%	2.66%	2.23%	2.47%	2.46%	2.04%	3.05%
MTB M&T Bank Corporation	2.80%	3.24%	2.85%	3.79%	3.31%	2.93%	3.46%	2.42%	2.48%	1.75%	1.79%	2.31%

Drawdowns

CBU vs. MTB - Drawdown Comparison

The maximum CBU drawdown since its inception was -61.07%, smaller than the maximum MTB drawdown of -73.50%. Use the drawdown chart below to compare losses from any high point for CBU and MTB.

Drawdown Indicators

	CBU	MTB	Difference
Max Drawdown Largest peak-to-trough decline	-61.07%	-73.50%	+12.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.03%	-16.98%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-50.47%	-40.71%	-9.76%
Max Drawdown (10Y) Largest decline over 10 years	-51.04%	-52.97%	+1.93%
Current Drawdown Current decline from peak	-15.80%	-11.59%	-4.21%
Average Drawdown Average peak-to-trough decline	-14.58%	-12.43%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.80%	6.68%	+0.12%

Volatility

CBU vs. MTB - Volatility Comparison

The current volatility for Community Bank System, Inc. (CBU) is 5.54%, while M&T Bank Corporation (MTB) has a volatility of 6.87%. This indicates that CBU experiences smaller price fluctuations and is considered to be less risky than MTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBU	MTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	6.87%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	17.25%	16.49%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	27.30%	26.22%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.60%	30.46%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.08%	32.84%	-2.76%

Financials

CBU vs. MTB - Profitability Comparison

The chart below illustrates the profitability comparison between Community Bank System, Inc. and M&T Bank Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CBU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Community Bank System, Inc. reported a gross profit of 95.81M and revenue of 181.47M. Therefore, the gross margin over that period was 52.8%.

MTB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, M&T Bank Corporation reported a gross profit of 2.35B and revenue of 3.33B. Therefore, the gross margin over that period was 70.5%.

CBU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Community Bank System, Inc. reported an operating income of 88.18M and revenue of 181.47M, resulting in an operating margin of 48.6%.

MTB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, M&T Bank Corporation reported an operating income of 971.00M and revenue of 3.33B, resulting in an operating margin of 29.1%.

CBU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Community Bank System, Inc. reported a net income of 54.42M and revenue of 181.47M, resulting in a net margin of 30.0%.

MTB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, M&T Bank Corporation reported a net income of 759.00M and revenue of 3.33B, resulting in a net margin of 22.8%.