M&T Bank number of employees

M&T Bank reported 22,223 employees at December 31, 2023 in its latest annual report, down 585 (2.6%) on the year before. Revenue per employee was $433,920.

Headcount by year

Fiscal year end	Employees	Change	Revenue per employee	Source
December 31, 2023	22,223	−585 (2.6%)	$433,920	10-K, filed February 21, 2024
December 31, 2022	22,808	—	$358,602	10-K, filed February 22, 2023

What the annual reports say

As of December 31, 2023, the Company employed 22,223 full-time and part-time employees. 2023 annual report
As of December 31, 2022, the Company employed 22,808 full-time and part-time employees. 2022 annual report

Headcount as the company states it in Item 1 of its annual report (some count full-time equivalents or exclude part-time and temporary staff), at the date it gives. Years where the report states no clear total are left out rather than estimated. Changes can reflect acquisitions and disposals as well as hiring and job cuts.

Compare with peers

Head to head: FCNCA vs MTB FITB vs MTB CFG vs MTB

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Figures from M&T Bank's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to M&T Bank.