The WACC of M&T Bank Corp (MTB) is 7.8%.
| Range | Selected | |
| Cost of equity | 8.50% - 11.10% | 9.80% |
| Tax rate | 24.00% - 24.30% | 24.15% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.0% - 8.7% | 7.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.01 | 1.12 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.50% | 11.10% |
| Tax rate | 24.00% | 24.30% |
| Debt/Equity ratio | 0.49 | 0.49 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.0% | 8.7% |
| Selected WACC | 7.8% | |