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M&T Bank (MTB) Financials

M&T Bank logo
$182.64 -1.49 (-0.81%)
As of 11:20 AM Eastern
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Annual Income Statements for M&T Bank

Annual Income Statements for M&T Bank

This table shows M&T Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 2,588 2,741 1,992 1,859 1,353 1,850 1,836 1,328 1,315 1,080
Consolidated Net Income / (Loss)		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
Net Income / (Loss) Continuing Operations		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
Total Pre-Tax Income 		3,310 3,619 2,612 2,455 1,770 2,547 2,508 2,324 2,058 1,675
Total Revenue		 9,279 9,643 8,179 5,992 5,955 6,192 5,928 5,632 5,296 4,668
Net Interest Income / (Expense)		 6,852 7,115 5,822 3,825 3,866 4,130 4,072 3,781 3,470 2,843
Total Interest Income		 11,026 10,224 6,247 3,939 4,193 4,880 4,599 4,168 3,896 3,171
Loans and Leases Interest Income		 8,477 8,021 5,237 3,749 3,975 4,442 4,165 3,743 3,485 2,778
Investment Securities Interest Income		 1,094 839 499 141 177 289 325 363 364 376
Deposits and Money Market Investments Interest Income		 1,452 1,360 509 48 33 141 108 61 46 15
Other Interest Income		 3.00 4.00 2.00 1.00 8.05 7.16 1.39 1.01 1.21 1.02
Total Interest Expense		 4,174 3,109 425 114 326 749 526 387 426 328
Deposits Interest Expense		 3,295 2,417 295 52 217 485 272 196 191 74
Short-Term Borrowings Interest Expense		 242 292 19 0.00 0.03 25 5.39 1.51 3.63 1.68
Long-Term Debt Interest Expense		 637 400 111 62 109 239 249 189 231 253
Total Non-Interest Income		 2,427 2,528 2,357 2,167 2,088 2,062 1,856 1,851 1,826 1,825
Trust Fees by Commissions		 796 782 829 63 47 49 51 61 63 535
Service Charges on Deposit Accounts		 514 475 447 - - - - - - -
Other Service Charges		 632 809 703 483 471 469 451 441 426 1,259
Net Realized & Unrealized Capital Gains on Investments		 49 53 21 3.00 31 80 26 57 71 30
Other Non-Interest Income		 436 409 357 1,618 1,539 1,463 1,327 1,293 1,265 -
Provision for Credit Losses		 610 645 517 -75 800 176 132 168 190 170
Total Non-Interest Expense		 5,359 5,379 5,050 3,612 3,385 3,469 3,288 3,140 3,047 2,823
Salaries and Employee Benefits		 3,162 2,997 2,787 2,046 1,951 1,901 1,752 1,649 1,618 1,550
Net Occupancy & Equipment Expense		 1,004 957 850 619 581 554 498 480 468 437
Marketing Expense		 104 108 90 64 62 93 86 69 87 59
Property & Liability Insurance Claims		 146 315 90 70 54 42 69 102 105 52
Other Operating Expenses		 890 940 1,177 803 723 860 859 809 727 699
Amortization Expense		 53 62 56 10 15 19 25 31 43 26
Income Tax Expense		 722 878 620 596 416 618 590 916 743 595
Basic Earnings per Share		 $14.71 $15.85 $11.59 $13.81 $9.94 $13.76 $12.75 $8.72 $7.80 $7.22
Weighted Average Basic Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 143.99M 152.16M 156.78M 136.80M
Diluted Earnings per Share		 $14.64 $15.79 $11.53 $13.80 $9.94 $13.75 $12.74 $8.70 $7.78 $7.18
Weighted Average Diluted Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 143.99M 152.16M 156.78M 136.80M
Weighted Average Basic & Diluted Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 143.99M 152.16M 156.78M 136.80M
Cash Dividends to Common per Share		 $5.35 $5.20 $4.80 - - - - - - $2.80

Quarterly Income Statements for M&T Bank

This table shows M&T Bank's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 584 710 721 626 531 508 690 841 702 766 647
Consolidated Net Income / (Loss)		 584 681 721 655 531 482 690 867 702 766 647
Net Income / (Loss) Continuing Operations		 584 681 721 655 531 482 690 867 702 766 647
Total Pre-Tax Income 		761 882 909 855 664 627 907 1,159 926 1,012 848
Total Revenue		 2,306 2,385 2,332 2,302 2,260 2,301 2,335 2,602 2,405 2,509 2,242
Net Interest Income / (Expense)		 1,695 1,728 1,726 1,718 1,680 1,723 1,775 1,799 1,818 1,827 1,679
Total Interest Income		 2,560 2,707 2,785 2,789 2,745 2,740 2,641 2,516 2,327 2,072 1,782
Loans and Leases Interest Income		 2,006 2,099 2,153 2,128 2,097 2,111 2,062 1,998 1,850 1,664 1,456
Investment Securities Interest Income		 336 323 283 260 228 211 215 215 198 170 152
Deposits and Money Market Investments Interest Income		 218 285 348 400 419 417 363 302 278 237 173
Other Interest Income		 0.00 - 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.73 0.62
Total Interest Expense		 865 979 1,059 1,071 1,065 1,017 866 717 509 245 103
Deposits Interest Expense		 676 785 835 835 840 836 696 519 366 188 70
Short-Term Borrowings Interest Expense		 32 32 57 69 84 69 69 96 58 13 2.67
Long-Term Debt Interest Expense		 157 162 167 167 141 112 101 102 85 44 30
Total Non-Interest Income		 611 657 606 584 580 578 560 803 587 682 563
Trust Fees by Commissions		 209 365 202 200 29 379 182 197 24 764 21
Service Charges on Deposit Accounts		 133 - 132 127 - - 121 119 - - -
Other Service Charges		 142 176 152 152 152 145 143 362 159 266 153
Net Realized & Unrealized Capital Gains on Investments		 9.00 28 11 -1.00 11 14 9.00 18 12 10 3.97
Other Non-Interest Income		 118 -167 109 106 388 -195 105 107 392 -805 385
Provision for Credit Losses		 130 140 120 150 200 225 150 150 120 90 115
Total Non-Interest Expense		 1,415 1,363 1,303 1,297 1,396 1,449 1,278 1,293 1,359 1,408 1,279
Salaries and Employee Benefits		 887 790 775 764 833 724 727 738 808 697 736
Net Occupancy & Equipment Expense		 268 258 248 249 249 247 242 235 233 244 222
Marketing Expense		 22 30 27 27 20 26 23 28 31 32 21
Property & Liability Insurance Claims		 23 24 25 37 60 228 29 28 30 24 28
Other Operating Expenses		 202 248 216 207 219 209 242 249 240 393 253
Amortization Expense		 13 13 12 13 15 15 15 15 17 18 18
Income Tax Expense		 177 201 188 200 133 145 217 292 224 246 201
Basic Earnings per Share		 $3.33 $3.88 $4.04 $3.75 $3.04 $2.75 $4.00 $5.07 $4.03 $4.33 $3.55
Weighted Average Basic Shares Outstanding		 164.21M 164.33M 166.67M 166.95M 166.46M 166.62M 165.91M 165.84M 167.73M 167.79M 174.61M
Diluted Earnings per Share		 $3.32 $3.87 $4.02 $3.73 $3.02 $2.75 $3.98 $5.05 $4.01 $4.30 $3.53
Weighted Average Diluted Shares Outstanding		 165.05M 164.33M 167.57M 167.66M 167.08M 166.62M 166.57M 166.32M 168.41M 167.79M 175.68M
Weighted Average Basic & Diluted Shares Outstanding		 160.52M 164.33M 165.92M 167.00M 166.85M 166.62M 165.96M 165.95M 165.87M 167.79M 172.61M
Cash Dividends to Common per Share		 $1.35 - $1.35 - - - $1.30 - - - -

Annual Cash Flow Statements for M&T Bank

This table details how cash moves in and out of M&T Bank's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 178 211 182 -215 116 -169 185 100 -47 -5.32
Net Cash From Operating Activities		 3,610 3,905 4,574 2,715 789 2,358 2,090 2,782 1,183 1,742
Net Cash From Continuing Operating Activities		 3,610 3,905 4,574 2,724 789 2,358 2,090 2,782 1,183 1,742
Net Income / (Loss) Continuing Operations		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
Consolidated Net Income / (Loss)		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
Provision For Loan Losses		 610 645 517 -75 800 176 132 168 190 170
Depreciation Expense		 316 304 282 224 221 210 105 110 107 99
Amortization Expense		 192 193 153 100 100 91 74 88 94 76
Non-Cash Adjustments to Reconcile Net Income		 -17 -342 -175 94 -30 97 1.27 363 132 338
Changes in Operating Assets and Liabilities, net		 -79 364 1,805 522 -1,655 -146 -141 646 -654 -20
Net Cash From Investing Activities		 -550 -7,874 16,592 -13,631 -22,020 727 -1,410 3,395 -721 7,714
Net Cash From Continuing Investing Activities		 -550 -7,874 16,592 -13,631 -22,020 727 -1,410 3,395 -721 7,714
Purchase of Investment Securities		 -8,531 -11,075 12,702 2,707 -23,926 -3,561 -4,794 -1,966 -4,245 -1,628
Sale and/or Maturity of Investments		 8,007 2,927 2,311 -16,141 2,661 4,758 3,127 5,324 3,355 8,894
Other Investing Activities, net		 -26 274 1,579 -197 -755 -470 355 38 170 448
Net Cash From Financing Activities		 -2,882 4,180 -20,984 10,701 21,348 -3,254 -495 -6,077 -510 -9,462
Net Cash From Continuing Financing Activities		 -2,882 4,180 -20,984 10,701 21,348 -3,254 -495 -6,077 -510 -9,462
Net Change in Deposits		 -2,182 -248 -20,994 11,738 25,037 4,616 -2,273 -3,075 3,555 504
Issuance of Debt		 5,497 5,035 999 10 0.00 0.00 6,014 2,158 -1,937 1,500
Issuance of Preferred Equity		 733 0.00 0.00 495 0.00 396 0.00 - 495 0.00
Repayment of Debt		 -5,265 937 1,706 -866 -2,668 -5,890 -1,459 -3,433 -1,120 -11,080
Repurchase of Preferred Equity		 -350 0.00 0.00 - - -382 0.00 - -500 0.00
Repurchase of Common Equity		 -396 -594 -1,800 0.00 -374 -1,350 -2,194 -1,206 -641 0.00
Payment of Dividends		 -1,033 -968 -881 -648 -636 -620 -583 -530 -523 -456
Other Financing Activities, Net		 114 18 -14 -28 -11 -25 - 11 162 70
Other Net Changes in Cash		 0.00 0.00 - 0.00 - - - - - -
Cash Interest Paid		 4,319 2,691 429 139 372 736 516 405 499 400
Cash Interest Received		 11,077 10,092 6,135 3,977 4,136 4,892 4,569 4,156 3,903 3,134
Cash Income Taxes Paid		 236 452 488 314 276 321 375 494 277 379

Quarterly Cash Flow Statements for M&T Bank

This table details how cash moves in and out of M&T Bank's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 200 -307 438 83 -36 -38 -79 30 298 -736 568
Net Cash From Operating Activities		 635 1,676 -28 1,354 608 800 1,420 1,257 428 954 1,137
Net Cash From Continuing Operating Activities		 635 1,676 -28 1,354 608 800 1,420 1,257 428 954 1,137
Net Income / (Loss) Continuing Operations		 584 681 721 655 531 482 690 867 702 766 647
Consolidated Net Income / (Loss)		 584 681 721 655 531 482 690 867 702 766 647
Provision For Loan Losses		 130 140 120 150 200 225 150 150 120 90 115
Depreciation Expense		 83 81 76 79 80 77 78 73 76 62 85
Amortization Expense		 47 48 46 48 50 52 52 52 37 40 43
Non-Cash Adjustments to Reconcile Net Income		 -8.00 -8.00 -4.00 -12 7.00 -61 -41 -240 0.00 -78 -12
Changes in Operating Assets and Liabilities, net		 -201 734 -987 434 -260 25 491 355 -507 74 260
Net Cash From Investing Activities		 -2,132 2,293 -1,386 5,625 -7,082 683 -1,907 -4,903 -1,747 -3,666 6,219
Net Cash From Continuing Investing Activities		 -2,132 2,293 -1,386 5,625 -7,082 683 -1,907 -4,903 -1,747 -3,666 6,219
Purchase of Investment Securities		 -3,542 1,242 -4,107 -218 -5,448 -5,716 2,187 -1,997 -5,549 21,059 -2,593
Sale and/or Maturity of Investments		 1,689 1,263 2,688 5,771 -1,715 6,430 -4,113 -2,985 3,595 -24,585 8,526
Other Investing Activities, net		 -279 -212 33 72 81 -31 19 79 207 254 286
Net Cash From Financing Activities		 1,697 -4,276 1,852 -6,896 6,438 -1,521 408 3,676 1,617 1,976 -6,789
Net Cash From Continuing Financing Activities		 1,697 -4,276 1,852 -6,896 6,438 -1,521 408 3,676 1,617 1,976 -6,789
Net Change in Deposits		 4,314 -3,459 4,643 -7,287 3,921 -856 2,063 2,986 -4,441 -330 -6,512
Issuance of Debt		 1,256 1,494 1,198 -552 3,357 -2,173 -631 4,353 3,486 524 548
Repayment of Debt		 -2,950 -1,876 -3,227 408 -570 1,718 -781 -3,440 3,440 2,613 -7.10
Repurchase of Common Equity		 -656 -198 -198 - 0.00 - - - -594 -600 -600
Payment of Dividends		 -266 -255 -274 -249 -255 -233 -249 -231 -255 -221 -243
Other Financing Activities, Net		 -1.00 18 60 51 -15 23 6.00 8.00 -19 -9.81 25
Cash Interest Paid		 933 1,025 1,179 1,116 999 912 856 513 410 214 128
Cash Interest Received		 2,605 2,754 2,776 2,831 2,716 2,663 2,615 2,525 2,289 1,990 1,729
Cash Income Taxes Paid		 70 -4.00 134 65 41 21 102 307 22 125 131

Annual Balance Sheets for M&T Bank

This table presents M&T Bank's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 208,105 208,264 200,730 155,107 142,601 119,873 120,097 118,593 123,449 122,788
Cash and Due from Banks		 1,909 1,731 1,517 1,338 1,553 1,433 1,605 1,421 1,321 1,368
Interest Bearing Deposits at Other Banks		 18,873 28,069 24,959 41,872 23,664 7,190 8,105 5,079 5,001 7,594
Trading Account Securities		 34,152 27,003 25,329 7,206 8,114 9,967 12,693 14,797 16,113 15,930
Loans and Leases, Net of Allowance		 133,397 131,939 129,639 91,443 96,799 89,872 87,447 86,972 89,864 86,534
Loans and Leases		 135,581 134,068 131,564 92,912 98,536 90,923 88,466 87,989 90,853 87,489
Allowance for Loan and Lease Losses		 2,184 2,129 1,925 1,469 1,736 1,051 1,019 1,017 989 956
Premises and Equipment, Net		 1,705 1,739 1,654 1,145 1,162 1,141 647 646 675 667
Goodwill		 8,465 8,465 8,490 4,593 4,593 4,593 4,593 4,593 4,593 4,593
Intangible Assets		 94 147 209 4.00 14 29 47 72 98 140
Other Assets		 9,510 9,171 8,930 7,507 6,702 5,644 4,774 5,013 5,323 5,962
Total Liabilities & Shareholders' Equity		 208,105 208,264 200,730 155,107 142,601 119,873 120,097 118,593 123,449 122,788
Total Liabilities		 179,078 181,307 175,412 137,204 126,414 104,156 104,637 102,343 106,963 106,615
Non-Interest Bearing Deposits		 46,020 49,294 65,502 60,131 47,573 32,396 32,257 33,975 32,814 29,111
Interest Bearing Deposits		 115,075 113,980 98,013 71,412 72,233 62,374 57,900 58,457 62,680 62,847
Short-Term Debt		 1,060 5,316 3,555 47 59 62 4,398 175 163 1,982
Long-Term Debt		 12,605 8,201 3,965 3,485 4,382 6,986 8,445 8,141 9,494 10,654
Other Long-Term Liabilities		 4,318 4,516 4,377 2,128 2,166 2,337 1,637 1,594 1,811 1,871
Total Equity & Noncontrolling Interests		 29,027 26,957 25,318 17,903 16,187 15,717 15,460 16,251 16,487 16,173
Total Preferred & Common Equity		 29,027 26,957 25,318 17,903 16,187 15,717 15,460 16,251 16,487 16,173
Preferred Stock		 2,394 2,011 2,011 1,750 1,250 1,250 1,232 1,232 1,232 1,232
Total Common Equity		 26,632 24,946 23,307 16,153 14,937 14,467 14,229 15,019 15,255 14,942
Common Stock		 10,088 10,111 10,093 6,716 6,699 6,675 6,661 6,673 6,759 6,763
Retained Earnings		 19,079 17,524 15,754 14,646 13,444 12,821 11,517 10,165 9,222 8,431
Treasury Stock		 -2,371 -2,230 -1,750 -5,082 -5,143 -4,823 -3,529 -1,454 -432 0.00
Accumulated Other Comprehensive Income / (Loss)		 -164 -459 -790 -128 -63 -207 -420 -364 -295 -252

Quarterly Balance Sheets for M&T Bank

This table presents M&T Bank's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 210,321 208,105 211,785 208,855 215,137 208,264 209,124 207,672 202,956 200,730 197,955
Cash and Due from Banks		 2,109 1,909 2,216 1,778 1,695 1,731 1,769 1,848 1,818 1,517 2,256
Interest Bearing Deposits at Other Banks		 20,656 18,873 24,417 24,792 32,144 28,069 30,114 27,107 22,306 24,959 25,392
Trading Account Securities		 35,233 34,152 32,429 29,993 28,595 27,003 27,473 28,054 28,608 25,329 24,733
Loans and Leases, Net of Allowance		 132,374 133,397 133,716 132,798 132,782 131,939 130,303 131,345 130,963 129,639 126,350
Loans and Leases		 134,574 135,581 135,920 135,002 134,973 134,068 132,355 133,344 132,938 131,564 128,226
Allowance for Loan and Lease Losses		 2,200 2,184 2,204 2,204 2,191 2,129 2,052 1,998 1,975 1,925 1,876
Premises and Equipment, Net		 1,661 1,705 1,694 1,719 1,707 1,739 1,681 1,673 1,664 1,654 1,620
Goodwill		 8,465 8,465 8,465 8,465 8,465 8,465 8,465 8,465 8,490 8,490 8,501
Intangible Assets		 93 94 107 119 132 147 162 177 192 209 227
Other Assets		 9,730 9,510 8,741 9,191 9,617 9,171 9,157 9,002 8,915 8,930 8,876
Total Liabilities & Shareholders' Equity		 210,321 208,105 211,785 208,855 215,137 208,264 209,124 207,672 202,956 200,730 197,955
Total Liabilities		 181,330 179,078 182,909 180,431 187,968 181,307 182,928 181,871 177,579 175,412 172,699
Non-Interest Bearing Deposits		 49,051 46,020 47,344 47,729 50,578 49,294 53,787 54,938 59,955 65,502 73,023
Interest Bearing Deposits		 116,358 115,075 117,210 112,181 116,618 113,980 110,341 107,120 99,120 98,013 90,822
Short-Term Debt		 1,573 1,060 2,605 4,764 4,795 5,316 6,731 7,908 6,995 3,555 918
Long-Term Debt		 10,496 12,605 11,583 11,319 11,450 8,201 7,123 7,417 7,463 3,965 3,459
Other Long-Term Liabilities		 3,852 4,318 4,167 4,438 4,527 4,516 4,946 4,488 4,046 4,377 4,476
Total Equity & Noncontrolling Interests		 28,991 29,027 28,876 28,424 27,169 26,957 26,197 25,801 25,377 25,318 25,256
Total Preferred & Common Equity		 28,991 29,027 28,876 28,424 27,169 26,957 26,197 25,801 25,377 25,318 25,256
Preferred Stock		 2,394 2,394 2,394 2,744 2,011 2,011 2,011 2,011 2,011 2,011 2,011
Total Common Equity		 26,597 26,632 26,482 25,680 25,158 24,946 24,186 23,790 23,367 23,307 23,246
Common Stock		 10,059 10,088 10,077 10,067 10,067 10,111 10,103 10,091 10,077 10,093 10,085
Retained Earnings		 19,405 19,079 18,659 18,211 17,812 17,524 17,284 16,837 16,212 15,754 15,220
Treasury Stock		 -2,957 -2,371 -2,227 -2,047 -2,132 -2,230 -2,260 -2,273 -2,278 -1,750 -1,159
Accumulated Other Comprehensive Income / (Loss)		 90 -164 -27 -551 -589 -459 -942 -865 -645 -790 -900

Annual Metrics And Ratios for M&T Bank

This table displays calculated financial ratios and metrics derived from M&T Bank's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -3.77% 17.90% 36.50% 0.63% -3.83% 4.45% 5.26% 6.35% 13.46% 4.76%
EBITDA Growth		 -7.24% 35.08% 9.64% 32.98% -26.64% 6.00% 6.60% 11.60% 22.10% 0.49%
EBIT Growth		 -8.54% 38.55% 6.40% 38.74% -30.53% 1.56% 7.93% 12.90% 22.91% 1.98%
NOPAT Growth		 -5.58% 37.60% 7.15% 37.38% -29.86% 0.58% 36.20% 7.09% 21.81% 1.26%
Net Income Growth		 -5.58% 37.60% 7.15% 37.38% -29.86% 0.58% 36.20% 7.09% 21.81% 1.26%
EPS Growth		 -7.28% 36.95% -16.45% 38.83% -27.71% 7.93% 46.44% 11.83% 8.36% -3.23%
Operating Cash Flow Growth		 -7.55% -14.63% 68.47% 244.02% -66.53% 12.81% -24.88% 135.08% -32.08% 58.54%
Free Cash Flow Firm Growth		 107.56% 47.98% -994.39% -69.85% -53.27% 510.74% -160.91% -25.00% 162.32% -65.35%
Invested Capital Growth		 5.48% 23.25% 53.19% 3.91% -9.38% -19.57% 15.21% -6.03% -9.25% 34.98%
Revenue Q/Q Growth		 0.91% -2.12% 13.88% -0.46% 0.18% -0.16% 1.44% 2.07% 1.65% 2.68%
EBITDA Q/Q Growth		 7.16% -7.99% 16.56% -0.73% -1.36% -0.46% 2.56% 4.83% 4.65% -1.14%
EBIT Q/Q Growth		 8.35% -9.60% 18.70% -0.84% -1.76% -1.82% 2.90% 5.38% 5.06% -1.37%
NOPAT Q/Q Growth		 8.33% -9.38% 18.27% -0.69% -1.59% -2.68% 13.21% -0.58% 4.75% -0.61%
Net Income Q/Q Growth		 8.33% -9.38% 18.27% -0.69% -1.59% -2.68% 13.21% -0.58% 4.75% -0.61%
EPS Q/Q Growth		 8.28% -8.94% 8.77% -1.08% -0.70% -0.94% 15.40% 0.58% 4.71% -4.01%
Operating Cash Flow Q/Q Growth		 32.04% -3.79% 5.95% 1.22% -37.16% 32.66% -7.35% 27.78% -24.46% 10.81%
Free Cash Flow Firm Q/Q Growth		 159.26% 33.78% -38.05% -55.14% -56.74% 1,846.91% -358.43% -2.87% 280.88% -937.97%
Invested Capital Q/Q Growth		 -0.86% 1.06% 10.81% 1.43% -4.52% -19.55% 9.34% -1.32% -1.54% 24.73%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 41.15% 42.68% 37.25% 46.38% 35.09% 46.00% 45.33% 44.76% 42.66% 39.64%
EBIT Margin		 35.67% 37.53% 31.94% 40.97% 29.72% 41.14% 42.31% 41.26% 38.87% 35.88%
Profit (Net Income) Margin		 27.89% 28.42% 24.36% 31.02% 22.72% 31.16% 32.35% 25.00% 24.83% 23.13%
Tax Burden Percent		 78.19% 75.74% 76.26% 75.72% 76.47% 75.73% 76.47% 60.60% 63.89% 64.47%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.81% 24.26% 23.74% 24.28% 23.53% 24.27% 23.53% 39.40% 36.11% 35.53%
Return on Invested Capital (ROIC)		 6.22% 7.48% 7.34% 8.84% 6.24% 7.56% 7.26% 5.55% 4.79% 4.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.22% 7.48% 7.34% 8.84% 6.24% 7.56% 7.26% 5.55% 4.79% 4.31%
Return on Net Nonoperating Assets (RNNOA)		 3.02% 3.01% 1.88% 2.07% 2.25% 4.82% 4.84% 3.05% 3.27% 3.27%
Return on Equity (ROE)		 9.25% 10.49% 9.22% 10.91% 8.48% 12.38% 12.10% 8.60% 8.05% 7.57%
Cash Return on Invested Capital (CROIC)		 0.89% -13.35% -34.68% 5.00% 16.08% 29.24% -6.88% 11.77% 14.49% -25.47%
Operating Return on Assets (OROA)		 1.59% 1.77% 1.47% 1.65% 1.35% 2.12% 2.10% 1.92% 1.67% 1.53%
Return on Assets (ROA)		 1.24% 1.34% 1.12% 1.25% 1.03% 1.61% 1.61% 1.16% 1.07% 0.98%
Return on Common Equity (ROCE)		 8.52% 9.68% 8.42% 9.95% 7.82% 11.39% 11.16% 7.96% 7.45% 6.92%
Return on Equity Simple (ROE_SIMPLE)		 8.92% 10.17% 7.87% 10.38% 8.36% 12.27% 12.41% 8.67% 7.98% 6.68%
Net Operating Profit after Tax (NOPAT)		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
NOPAT Margin		 27.89% 28.42% 24.36% 31.02% 22.72% 31.16% 32.35% 25.00% 24.83% 23.13%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.02% 42.12% 45.57% 45.54% 43.55% 41.15% 39.40% 39.02% 41.03% 43.82%
Operating Expenses to Revenue		 57.75% 55.78% 61.74% 60.28% 56.85% 56.02% 55.46% 55.76% 57.54% 60.48%
Earnings before Interest and Taxes (EBIT)		 3,310 3,619 2,612 2,455 1,770 2,547 2,508 2,324 2,058 1,675
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,818 4,116 3,047 2,779 2,090 2,849 2,687 2,521 2,259 1,850
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.17 0.88 1.00 1.14 0.99 1.35 1.20 1.43 1.30 0.87
Price to Tangible Book Value (P/TBV)		 1.73 1.35 1.60 1.60 1.44 1.99 1.79 2.08 1.88 1.27
Price to Revenue (P/Rev)		 3.36 2.28 2.85 3.09 2.49 3.16 2.89 3.82 3.76 2.77
Price to Earnings (P/E)		 12.05 8.04 11.70 9.94 10.96 10.59 9.33 16.20 15.13 11.99
Dividend Yield		 2.85% 3.92% 3.56% 3.13% 3.81% 2.76% 2.91% 2.10% 2.18% 3.60%
Earnings Yield		 8.30% 12.44% 8.55% 10.06% 9.13% 9.44% 10.72% 6.17% 6.61% 8.34%
Enterprise Value to Invested Capital (EV/IC)		 0.62 0.19 0.19 0.00 0.00 0.85 0.76 1.00 0.94 0.62
Enterprise Value to Revenue (EV/Rev)		 2.85 0.80 0.78 0.00 0.00 3.11 3.63 4.36 4.62 3.82
Enterprise Value to EBITDA (EV/EBITDA)		 6.93 1.88 2.09 0.00 0.00 6.76 8.00 9.74 10.83 9.65
Enterprise Value to EBIT (EV/EBIT)		 8.00 2.14 2.43 0.00 0.00 7.56 8.57 10.57 11.89 10.66
Enterprise Value to NOPAT (EV/NOPAT)		 10.23 2.83 3.19 0.00 0.00 9.99 11.21 17.44 18.60 16.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.33 1.99 1.39 0.00 0.00 8.17 10.29 8.83 20.67 10.24
Enterprise Value to Free Cash Flow (EV/FCFF)		 71.55 0.00 0.00 0.00 0.00 2.58 0.00 8.23 6.15 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.47 0.50 0.30 0.20 0.27 0.45 0.83 0.51 0.59 0.78
Long-Term Debt to Equity		 0.43 0.30 0.16 0.19 0.27 0.44 0.55 0.50 0.58 0.66
Financial Leverage		 0.49 0.40 0.26 0.23 0.36 0.64 0.67 0.55 0.68 0.76
Leverage Ratio		 7.44 7.82 8.23 8.73 8.23 7.70 7.53 7.39 7.54 7.70
Compound Leverage Factor		 7.44 7.82 8.23 8.73 8.23 7.70 7.53 7.39 7.54 7.70
Debt to Total Capital		 32.01% 33.40% 22.90% 16.48% 21.53% 30.96% 45.38% 33.85% 36.94% 43.86%
Short-Term Debt to Total Capital		 2.48% 13.13% 10.83% 0.22% 0.29% 0.27% 15.54% 0.71% 0.63% 6.88%
Long-Term Debt to Total Capital		 29.53% 20.26% 12.07% 16.26% 21.24% 30.69% 29.84% 33.14% 36.31% 36.98%
Preferred Equity to Total Capital		 5.61% 4.97% 6.12% 8.16% 6.06% 5.49% 4.35% 5.01% 4.71% 4.27%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 62.38% 61.63% 70.98% 75.36% 72.41% 63.55% 50.27% 61.14% 58.35% 51.87%
Debt to EBITDA		 3.58 3.28 2.47 1.27 2.13 2.47 4.78 3.30 4.28 6.83
Net Debt to EBITDA		 -1.86 -3.96 -6.22 -14.28 -9.94 -0.55 1.17 0.72 1.48 1.99
Long-Term Debt to EBITDA		 3.30 1.99 1.30 1.25 2.10 2.45 3.14 3.23 4.20 5.76
Debt to NOPAT		 5.28 4.93 3.78 1.90 3.28 3.65 6.70 5.91 7.34 11.70
Net Debt to NOPAT		 -2.75 -5.94 -9.52 -21.34 -15.35 -0.82 1.63 1.29 2.54 3.40
Long-Term Debt to NOPAT		 4.87 2.99 1.99 1.87 3.24 3.62 4.40 5.78 7.22 9.87
Noncontrolling Interest Sharing Ratio		 7.87% 7.69% 8.70% 8.80% 7.84% 7.96% 7.77% 7.52% 7.54% 8.64%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 370 -4,895 -9,410 1,052 3,489 7,467 -1,818 2,985 3,980 -6,386
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,139.58% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.09 -1.57 -22.14 9.23 10.69 9.97 -3.45 7.72 9.34 -19.46
Operating Cash Flow to Interest Expense		 0.86 1.26 10.76 23.82 2.42 3.15 3.97 7.19 2.78 5.31
Operating Cash Flow Less CapEx to Interest Expense		 0.86 1.26 10.76 23.82 2.42 3.15 3.78 7.19 2.78 5.31
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.05 0.05 0.04 0.05 0.05 0.05 0.05 0.04 0.04
Fixed Asset Turnover		 5.39 5.68 5.84 5.20 5.17 6.92 9.16 8.52 7.89 7.30
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 42,692 40,474 32,838 21,436 20,629 22,765 28,303 24,567 26,144 28,809
Invested Capital Turnover		 0.22 0.26 0.30 0.28 0.27 0.24 0.22 0.22 0.19 0.19
Increase / (Decrease) in Invested Capital		 2,218 7,636 11,402 807 -2,136 -5,538 3,736 -1,577 -2,665 7,466
Enterprise Value (EV)		 26,472 7,754 6,353 -19,442 -4,696 19,267 21,496 24,557 24,466 17,847
Market Capitalization		 31,195 22,026 23,301 18,486 14,829 19,595 17,132 21,509 19,898 12,943
Book Value per Share		 $160.51 $150.31 $135.02 $125.53 $116.43 $109.63 $101.37 $99.79 $98.39 $112.10
Tangible Book Value per Share		 $108.93 $98.42 $84.63 $89.80 $80.52 $74.60 $68.31 $68.79 $68.14 $76.59
Total Capital		 42,692 40,474 32,838 21,436 20,629 22,765 28,303 24,567 26,144 28,809
Total Debt		 13,665 13,517 7,520 3,532 4,442 7,049 12,843 8,317 9,657 12,635
Total Long-Term Debt		 12,605 8,201 3,965 3,485 4,382 6,986 8,445 8,141 9,494 10,654
Net Debt		 -7,117 -16,283 -18,959 -39,677 -20,775 -1,578 3,133 1,817 3,336 3,673
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 98 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 13,665 13,517 7,520 3,532 4,442 7,049 12,843 8,317 9,657 12,635
Total Depreciation and Amortization (D&A)		 508 497 435 324 320 301 179 197 201 175
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $14.71 $15.85 $11.59 $13.81 $9.94 $13.76 $12.75 $8.72 $7.80 $7.22
Adjusted Weighted Average Basic Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 138.53M 150.18M 154.17M 159.09M
Adjusted Diluted Earnings per Share		 $14.64 $15.79 $11.53 $13.80 $9.94 $13.75 $12.74 $8.70 $7.78 $7.18
Adjusted Weighted Average Diluted Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 138.53M 150.18M 154.17M 159.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $13.76 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 164.33M 166.62M 167.79M 129.03M 128.64M 130.44M 138.53M 150.18M 154.17M 159.09M
Normalized Net Operating Profit after Tax (NOPAT)		 2,588 2,741 1,992 1,859 1,353 1,929 1,918 1,408 1,315 1,080
Normalized NOPAT Margin		 27.89% 28.42% 24.36% 31.02% 22.72% 31.16% 32.35% 25.00% 24.83% 23.13%
Pre Tax Income Margin		 35.67% 37.53% 31.94% 40.97% 29.72% 41.14% 42.31% 41.26% 38.87% 35.88%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.79 1.16 6.15 21.54 5.42 3.40 4.76 6.01 4.83 5.10
NOPAT to Interest Expense		 0.62 0.88 4.69 16.31 4.15 2.57 3.64 3.64 3.09 3.29
EBIT Less CapEx to Interest Expense		 0.79 1.16 6.15 21.54 5.42 3.40 4.58 6.01 4.83 5.10
NOPAT Less CapEx to Interest Expense		 0.62 0.88 4.69 16.31 4.15 2.57 3.46 3.64 3.09 3.29
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 39.92% 35.32% 44.23% 34.86% 47.03% 32.12% 30.39% 37.64% 39.78% 42.26%
Augmented Payout Ratio		 55.22% 56.99% 134.59% 34.86% 74.65% 102.09% 144.80% 123.27% 88.55% 42.26%

Quarterly Metrics And Ratios for M&T Bank

This table displays calculated financial ratios and metrics derived from M&T Bank's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.04% 3.65% -0.13% -11.53% -6.03% -8.30% 4.16% 31.23% 66.43% 65.89% 45.91%
EBITDA Growth		 12.22% 33.73% -0.58% -23.52% -23.58% -32.11% 6.37% 221.05% 85.99% 63.68% 31.49%
EBIT Growth		 14.61% 40.67% 0.22% -26.23% -28.29% -38.01% 7.02% 317.41% 94.82% 68.64% 28.99%
NOPAT Growth		 9.98% 41.29% 4.49% -24.45% -24.36% -37.05% 6.71% 298.58% 93.83% 67.10% 30.50%
Net Income Growth		 9.98% 41.29% 4.49% -24.45% -24.36% -37.05% 6.71% 298.58% 93.83% 67.10% 30.50%
EPS Growth		 9.93% 40.73% 1.01% -26.14% -24.69% -36.05% 12.75% 367.59% 53.05% 27.60% -4.34%
Operating Cash Flow Growth		 4.44% 109.50% -101.97% 7.72% 42.06% -16.13% 24.89% 5.86% -66.97% 36.86% 133.79%
Free Cash Flow Firm Growth		 196.40% 78.52% 76.43% 73.60% 82.84% 32.74% -23.84% -9.83% -1,669.67% -2,950.85% -910.75%
Invested Capital Growth		 -5.42% 5.48% 7.52% 8.22% 8.98% 23.25% 35.15% 37.40% 86.41% 53.19% 40.23%
Revenue Q/Q Growth		 -3.31% 2.27% 1.30% 1.86% -1.75% -1.46% -10.26% 8.19% -4.16% 11.94% 13.06%
EBITDA Q/Q Growth		 -11.87% -1.94% 4.99% 23.68% 5.17% -27.10% -19.24% 23.58% -6.70% 14.23% 143.75%
EBIT Q/Q Growth		 -13.72% -2.97% 6.32% 28.77% 6.13% -30.87% -21.74% 25.16% -8.45% 19.35% 205.23%
NOPAT Q/Q Growth		 -14.24% -5.55% 10.08% 23.35% 10.07% -30.14% -20.42% 23.50% -8.32% 18.42% 197.26%
Net Income Q/Q Growth		 -14.24% -5.55% 10.08% 23.35% 10.07% -30.14% -20.42% 23.50% -8.32% 18.42% 197.26%
EPS Q/Q Growth		 -14.21% -3.73% 7.77% 23.51% 9.82% -30.90% -21.19% 25.94% -6.74% 21.81% 226.85%
Operating Cash Flow Q/Q Growth		 -62.11% 6,085.71% -102.07% 122.70% -24.03% -43.66% 12.97% 193.69% -55.13% -16.10% -4.24%
Free Cash Flow Firm Q/Q Growth		 291.15% 32.95% 15.92% 10.54% 57.40% 26.45% 5.81% 41.86% -67.01% -35.42% 16.47%
Invested Capital Q/Q Growth		 -3.82% -0.86% -3.24% 2.52% 7.26% 1.06% -2.61% 3.24% 21.31% 10.81% -0.99%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 38.64% 42.39% 44.21% 42.66% 35.13% 32.86% 44.41% 49.35% 43.20% 44.38% 43.49%
EBIT Margin		 33.00% 36.98% 38.98% 37.14% 29.38% 27.25% 38.84% 44.54% 38.50% 40.31% 37.81%
Profit (Net Income) Margin		 25.33% 28.55% 30.92% 28.45% 23.50% 20.95% 29.55% 33.32% 29.19% 30.51% 28.84%
Tax Burden Percent		 76.74% 77.21% 79.32% 76.61% 79.97% 76.87% 76.08% 74.81% 75.81% 75.70% 76.29%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.26% 22.79% 20.68% 23.39% 20.03% 23.13% 23.93% 25.19% 24.19% 24.30% 23.71%
Return on Invested Capital (ROIC)		 5.59% 6.37% 6.84% 6.11% 5.36% 5.51% 8.36% 9.15% 8.72% 9.20% 8.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.59% 6.37% 6.84% 6.11% 5.36% 5.51% 8.36% 9.15% 8.72% 9.20% 8.16%
Return on Net Nonoperating Assets (RNNOA)		 2.82% 3.09% 3.48% 3.54% 3.13% 2.22% 2.96% 3.45% 3.62% 2.35% 1.52%
Return on Equity (ROE)		 8.41% 9.47% 10.32% 9.65% 8.49% 7.73% 11.32% 12.60% 12.33% 11.55% 9.68%
Cash Return on Invested Capital (CROIC)		 11.83% 0.89% -1.50% -2.39% -2.42% -13.35% -21.22% -23.12% -52.72% -34.68% -26.86%
Operating Return on Assets (OROA)		 1.45% 1.65% 1.70% 1.64% 1.33% 1.28% 1.88% 2.11% 1.99% 1.85% 1.55%
Return on Assets (ROA)		 1.11% 1.27% 1.35% 1.26% 1.07% 0.99% 1.43% 1.58% 1.51% 1.40% 1.18%
Return on Common Equity (ROCE)		 7.75% 8.72% 9.50% 8.81% 7.84% 7.13% 10.43% 11.62% 11.26% 10.54% 8.83%
Return on Equity Simple (ROE_SIMPLE)		 9.11% 0.00% 8.27% 8.30% 9.46% 0.00% 11.55% 11.56% 9.19% 0.00% 6.67%
Net Operating Profit after Tax (NOPAT)		 584 681 721 655 531 482 690 867 702 766 647
NOPAT Margin		 25.33% 28.55% 30.92% 28.45% 23.50% 20.95% 29.55% 33.32% 29.19% 30.51% 28.84%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.04% 45.20% 45.03% 45.18% 48.76% 43.33% 42.48% 38.47% 44.57% 38.76% 43.71%
Operating Expenses to Revenue		 61.36% 57.15% 55.87% 56.34% 61.77% 62.97% 54.73% 49.69% 56.51% 56.10% 57.06%
Earnings before Interest and Taxes (EBIT)		 761 882 909 855 664 627 907 1,159 926 1,012 848
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 891 1,011 1,031 982 794 756 1,037 1,284 1,039 1,114 975
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.10 1.17 1.12 0.98 0.96 0.88 0.84 0.83 0.82 1.00 1.27
Price to Tangible Book Value (P/TBV)		 1.63 1.73 1.66 1.48 1.46 1.35 1.30 1.30 1.31 1.60 2.04
Price to Revenue (P/Rev)		 3.15 3.36 3.24 2.75 2.54 2.28 2.05 2.02 2.11 2.85 4.11
Price to Earnings (P/E)		 11.12 12.05 12.47 10.72 9.39 8.04 6.75 6.68 8.26 11.70 17.35
Dividend Yield		 3.02% 2.85% 2.98% 3.47% 3.58% 3.92% 4.18% 4.20% 4.27% 3.56% 2.85%
Earnings Yield		 8.99% 8.30% 8.02% 9.32% 10.65% 12.44% 14.82% 14.97% 12.10% 8.55% 5.76%
Enterprise Value to Invested Capital (EV/IC)		 0.51 0.62 0.46 0.39 0.20 0.19 0.11 0.20 0.29 0.19 0.28
Enterprise Value to Revenue (EV/Rev)		 2.26 2.85 2.14 1.90 0.90 0.80 0.43 0.83 1.27 0.78 1.15
Enterprise Value to EBITDA (EV/EBITDA)		 5.38 6.93 5.53 4.91 2.21 1.88 0.94 1.84 3.29 2.09 3.17
Enterprise Value to EBIT (EV/EBIT)		 6.19 8.00 6.45 5.74 2.55 2.14 1.05 2.06 3.79 2.43 3.77
Enterprise Value to NOPAT (EV/NOPAT)		 7.98 10.23 8.24 7.43 3.33 2.83 1.39 2.73 4.98 3.19 4.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.79 7.33 7.20 4.19 2.09 1.99 1.04 2.15 3.13 1.39 1.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.22 71.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.42 0.47 0.49 0.57 0.60 0.50 0.53 0.59 0.57 0.30 0.17
Long-Term Debt to Equity		 0.36 0.43 0.40 0.40 0.42 0.30 0.27 0.29 0.29 0.16 0.14
Financial Leverage		 0.50 0.49 0.51 0.58 0.58 0.40 0.35 0.38 0.42 0.26 0.19
Leverage Ratio		 7.58 7.44 7.64 7.68 7.96 7.82 7.91 7.98 8.16 8.23 8.18
Compound Leverage Factor		 7.58 7.44 7.64 7.68 7.96 7.82 7.91 7.98 8.16 8.23 8.18
Debt to Total Capital		 29.39% 32.01% 32.95% 36.14% 37.42% 33.40% 34.59% 37.26% 36.29% 22.90% 14.77%
Short-Term Debt to Total Capital		 3.83% 2.48% 6.05% 10.70% 11.04% 13.13% 16.81% 19.23% 17.56% 10.83% 3.10%
Long-Term Debt to Total Capital		 25.56% 29.53% 26.90% 25.43% 26.37% 20.26% 17.79% 18.03% 18.73% 12.07% 11.67%
Preferred Equity to Total Capital		 5.83% 5.61% 5.56% 6.17% 4.63% 4.97% 5.02% 4.89% 5.05% 6.12% 6.78%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 64.78% 62.38% 61.49% 57.70% 57.95% 61.63% 60.39% 57.85% 58.66% 70.98% 78.44%
Debt to EBITDA		 3.08 3.58 3.98 4.51 4.20 3.28 3.10 3.47 4.10 2.47 1.67
Net Debt to EBITDA		 -2.73 -1.86 -3.49 -2.94 -4.55 -3.96 -4.03 -3.09 -2.74 -6.22 -8.90
Long-Term Debt to EBITDA		 2.68 3.30 3.25 3.17 2.96 1.99 1.59 1.68 2.12 1.30 1.32
Debt to NOPAT		 4.57 5.28 5.94 6.82 6.32 4.93 4.58 5.14 6.20 3.78 2.60
Net Debt to NOPAT		 -4.05 -2.75 -5.21 -4.45 -6.85 -5.94 -5.96 -4.57 -4.15 -9.52 -13.82
Long-Term Debt to NOPAT		 3.97 4.87 4.85 4.80 4.46 2.99 2.36 2.49 3.20 1.99 2.05
Noncontrolling Interest Sharing Ratio		 7.84% 7.87% 8.00% 8.77% 7.65% 7.69% 7.82% 7.79% 8.69% 8.70% 8.79%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,938 -1,537 -2,292 -2,727 -3,048 -7,154 -9,727 -10,327 -17,763 -10,636 -7,854
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 3.40 -1.57 -2.16 -2.55 -2.86 -7.03 -11.23 -14.40 -34.90 -43.47 -76.39
Operating Cash Flow to Interest Expense		 0.73 1.71 -0.03 1.26 0.57 0.79 1.64 1.75 0.84 3.90 11.06
Operating Cash Flow Less CapEx to Interest Expense		 0.73 1.71 -0.03 1.26 0.57 0.79 1.64 1.75 0.84 3.90 11.06
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.04
Fixed Asset Turnover		 5.54 5.39 5.45 5.42 5.64 5.68 5.97 5.96 6.53 5.84 5.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 41,060 42,692 43,064 44,507 43,414 40,474 40,051 41,125 39,835 32,838 29,634
Invested Capital Turnover		 0.22 0.22 0.22 0.21 0.23 0.26 0.28 0.27 0.30 0.30 0.28
Increase / (Decrease) in Invested Capital		 -2,354 2,218 3,013 3,382 3,579 7,636 10,417 11,194 18,465 11,402 8,501
Enterprise Value (EV)		 21,073 26,472 19,695 17,512 8,554 7,754 4,216 8,126 11,614 6,353 8,293
Market Capitalization		 29,375 31,195 29,746 25,255 24,137 22,026 20,234 19,746 19,270 23,301 29,552
Book Value per Share		 $161.85 $160.51 $158.57 $153.91 $151.14 $150.31 $145.74 $143.43 $139.26 $135.02 $132.37
Tangible Book Value per Share		 $109.77 $108.93 $107.25 $102.46 $99.49 $98.42 $93.76 $91.32 $87.51 $84.63 $82.67
Total Capital		 41,060 42,692 43,064 44,507 43,414 40,474 40,051 41,125 39,835 32,838 29,634
Total Debt		 12,069 13,665 14,188 16,083 16,245 13,517 13,854 15,325 14,458 7,520 4,377
Total Long-Term Debt		 10,496 12,605 11,583 11,319 11,450 8,201 7,123 7,417 7,463 3,965 3,459
Net Debt		 -10,696 -7,117 -12,445 -10,487 -17,594 -16,283 -18,029 -13,631 -9,666 -18,959 -23,270
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 12,069 13,665 14,188 16,083 16,245 13,517 13,854 15,325 14,458 7,520 4,377
Total Depreciation and Amortization (D&A)		 130 129 122 127 130 129 130 125 113 102 127
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.33 $3.88 $4.04 $3.75 $3.04 $2.75 $4.00 $5.07 $0.00 $4.33 $3.55
Adjusted Weighted Average Basic Shares Outstanding		 164.21M 164.33M 166.67M 166.95M 166.46M 166.62M 165.91M 165.84M 0.00 167.79M 174.61M
Adjusted Diluted Earnings per Share		 $3.32 $3.87 $4.02 $3.73 $3.02 $2.75 $3.98 $5.05 $0.00 $4.30 $3.53
Adjusted Weighted Average Diluted Shares Outstanding		 165.05M 164.33M 167.57M 167.66M 167.08M 166.62M 166.57M 166.32M 0.00 167.79M 175.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 160.52M 164.33M 165.92M 167.00M 166.85M 166.62M 165.96M 165.95M 0.00 167.79M 172.61M
Normalized Net Operating Profit after Tax (NOPAT)		 584 681 721 655 531 482 690 867 702 766 647
Normalized NOPAT Margin		 25.33% 28.55% 30.92% 28.45% 23.50% 20.95% 29.55% 33.32% 29.19% 30.51% 28.84%
Pre Tax Income Margin		 33.00% 36.98% 38.98% 37.14% 29.38% 27.25% 38.84% 44.54% 38.50% 40.31% 37.81%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.88 0.90 0.86 0.80 0.62 0.62 1.05 1.62 1.82 4.13 8.24
NOPAT to Interest Expense		 0.68 0.70 0.68 0.61 0.50 0.47 0.80 1.21 1.38 3.13 6.29
EBIT Less CapEx to Interest Expense		 0.88 0.90 0.86 0.80 0.62 0.62 1.05 1.62 1.82 4.13 8.24
NOPAT Less CapEx to Interest Expense		 0.68 0.70 0.68 0.61 0.50 0.47 0.80 1.21 1.38 3.13 6.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 39.53% 39.92% 42.32% 41.82% 37.67% 35.32% 31.62% 31.87% 40.68% 44.23% 49.11%
Augmented Payout Ratio		 79.36% 55.22% 50.61% 41.82% 37.67% 56.99% 71.10% 92.04% 143.35% 134.59% 120.36%

Frequently Asked Questions About M&T Bank's Financials

When does M&T Bank's fiscal year end?

According to the most recent income statement we have on file, M&T Bank's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has M&T Bank's net income changed over the last 9 years?

M&T Bank's net income appears to be on an upward trend, with a most recent value of $2.59 billion in 2024, rising from $1.08 billion in 2015. The previous period was $2.74 billion in 2023. See where experts think M&T Bank is headed by visiting M&T Bank's forecast page.

How has M&T Bank revenue changed over the last 9 years?

Over the last 9 years, M&T Bank's total revenue changed from $4.67 billion in 2015 to $9.28 billion in 2024, a change of 98.8%.

How much debt does M&T Bank have?

M&T Bank's total liabilities were at $179.08 billion at the end of 2024, a 1.2% decrease from 2023, and a 68.0% increase since 2015.

How much cash does M&T Bank have?

In the past 9 years, M&T Bank's cash and equivalents has ranged from $1.32 billion in 2016 to $1.91 billion in 2024, and is currently $1.91 billion as of their latest financial filing in 2024.

How has M&T Bank's book value per share changed over the last 9 years?

Over the last 9 years, M&T Bank's book value per share changed from 112.10 in 2015 to 160.51 in 2024, a change of 43.2%.


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This page (NYSE:MTB) was last updated on 5/28/2025 by MarketBeat.com Staff
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