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M&T Bank vs First Citizens Bancshares: MTB and FCNCA compared
M&T Bank is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.4B for First Citizens Bancshares (Q3 2026). M&T Bank is growing faster (+0.9% against 0% a year earlier). M&T Bank is more profitable, with an operating margin of 39.7% against 33.1%.
Where the money goes: MTB and FCNCA
M&T Bank (MTB) · Q3 2026
M&T Bank, Q3 2026: revenue $2.5B (+0.9% year over year), operating margin 39.7%, net earnings $775M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
First Citizens Bancshares (FCNCA) · Q3 2026
First Citizens Bancshares, Q3 2026: revenue $2.4B (0% year over year), operating margin 33.1%, net earnings $606M, operating cash flow $902M. The chart follows the revenue to costs, profit and cash.
| M&T Bank (MTB) | First Citizens Bancshares (FCNCA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.5B | $2.4B |
| Revenue growth, Y/Y | +0.9% | 0% |
| Operating margin | 39.7% | 33.1% |
| Net earnings | $775M | $606M |
| Net margin | 30.6% | 24.9% |
| Operating cash flow | $1.3B | $902M |
| Free cash flow | — | $689M |
| Market value | $31.6B | $25.6B |
| P/E | 10.5× | 10.7× |
| Analysts’ mean target | $245.93 | $2519.23 |
Questions
Which is bigger, M&T Bank or First Citizens Bancshares?
M&T Bank is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $2.4B for First Citizens Bancshares (Q3 2026).
Is M&T Bank or First Citizens Bancshares growing faster?
M&T Bank is growing faster (+0.9% against 0% a year earlier).
Which is more profitable, M&T Bank or First Citizens Bancshares?
M&T Bank is more profitable, with an operating margin of 39.7% against 33.1%.
More: M&T Bank earnings · how M&T Bank makes money · First Citizens Bancshares earnings · how First Citizens Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.