MTB vs. PNC
MTB (M&T Bank Corporation) and PNC (The PNC Financial Services Group, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, MTB returned 10.61%/yr vs 15.09%/yr for PNC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
MTB vs. PNC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MTB having a 16.38% return and PNC slightly lower at 16.11%. Over the past 10 years, MTB has underperformed PNC with an annualized return of 10.61%, while PNC has yielded a comparatively higher 15.09% annualized return.
MTB
- 1D
- 1.54%
- 1M
- 9.23%
- YTD
- 16.38%
- 6M
- 13.59%
- 1Y
- 25.71%
- 3Y*
- 30.21%
- 5Y*
- 12.98%
- 10Y*
- 10.61%
PNC
- 1D
- 1.69%
- 1M
- 8.87%
- YTD
- 16.11%
- 6M
- 14.34%
- 1Y
- 36.49%
- 3Y*
- 29.60%
- 5Y*
- 8.65%
- 10Y*
- 15.09%
MTB vs. PNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 16.38% | 10.89% | 41.66% | -1.68% | -2.94% | 24.28% | -22.16% | 21.65% | -14.58% | 11.35% |
PNC The PNC Financial Services Group, Inc. | 16.11% | 12.24% | 29.39% | 2.71% | -18.59% | 38.18% | -2.78% | 40.91% | -16.98% | 25.95% |
Correlation
The correlation between MTB and PNC is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1991 | 0.61 |
Over the past year, MTB and PNC have become more correlated (0.84) than their long-term average of 0.61, meaning their price movements have been converging.
Fundamentals
MTB:
$36.20B
PNC:
$98.13B
MTB:
$18.62
PNC:
$18.09
MTB:
12.42
PNC:
13.19
MTB:
1.67
PNC:
1.78
MTB:
2.94
PNC:
2.97
MTB:
1.29
PNC:
1.54
MTB:
$12.36B
PNC:
$32.06B
MTB:
$9.31B
PNC:
$23.04B
MTB:
$3.93B
PNC:
$8.83B
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Return for Risk
MTB vs. PNC — Risk / Return Rank
MTB
PNC
MTB vs. PNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and The PNC Financial Services Group, Inc. (PNC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MTB | PNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.13 | -0.61 |
| Martin ratioReturn relative to average drawdown | 3.57 | 4.83 | -1.25 |
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Drawdowns
MTB vs. PNC - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, roughly equal to the maximum PNC drawdown of -76.65%. Use the drawdown chart below to compare losses from any high point for MTB and PNC.
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Drawdown Indicators
| MTB | PNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.50% | -76.65% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -17.21% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -29.77% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.71% | -47.98% | +7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -52.97% | -49.58% | -3.39% |
Current DrawdownCurrent decline from peak | -1.48% | -0.82% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -15.67% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 7.58% | -0.37% |
Volatility
MTB vs. PNC - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 6.69%, while The PNC Financial Services Group, Inc. (PNC) has a volatility of 7.28%. This indicates that MTB experiences smaller price fluctuations and is considered to be less risky than PNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTB | PNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 7.28% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 16.68% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 21.79% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.28% | 27.09% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.80% | 29.66% | +3.14% |
Dividends
MTB vs. PNC - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.59%, less than PNC's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 2.59% | 3.24% | 2.85% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% |
PNC The PNC Financial Services Group, Inc. | 2.85% | 3.16% | 3.27% | 3.94% | 3.64% | 2.39% | 3.09% | 2.63% | 2.91% | 1.80% | 1.81% | 2.11% |
Financials
MTB vs. PNC - Financials Comparison
This section allows you to compare key financial metrics between M&T Bank Corporation and The PNC Financial Services Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MTB vs. PNC - Profitability Comparison
MTB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported a gross profit of 2.30B and revenue of 3.23B. Therefore, the gross margin over that period was 71.4%.
PNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a gross profit of 5.96B and revenue of 6.17B. Therefore, the gross margin over that period was 96.6%.
MTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported an operating income of 863.00M and revenue of 3.23B, resulting in an operating margin of 26.8%.
PNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.19B and revenue of 6.17B, resulting in an operating margin of 35.5%.
MTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported a net income of 664.00M and revenue of 3.23B, resulting in a net margin of 20.6%.
PNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a net income of 1.77B and revenue of 6.17B, resulting in a net margin of 28.7%.
Frequently Asked Questions
MTB and PNC have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNC has higher volatility (7.28%) compared to MTB (6.69%). In terms of maximum drawdown, MTB dropped -73.50% vs PNC's -76.65%.
PNC currently has the higher Sharpe Ratio (1.69 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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