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.
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 |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
690 |
508 |
531 |
626 |
721 |
710 |
584 |
679 |
792 |
796 |
664 |
| Consolidated Net Income / (Loss) |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
759 |
664 |
| Net Income / (Loss) Continuing Operations |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
759 |
664 |
| Total Pre-Tax Income |
|
907 |
627 |
664 |
855 |
909 |
882 |
761 |
935 |
1,025 |
971 |
863 |
| Total Revenue |
|
2,335 |
2,301 |
2,260 |
2,302 |
2,332 |
2,385 |
2,306 |
2,396 |
2,513 |
2,475 |
2,441 |
| Net Interest Income / (Expense) |
|
1,775 |
1,723 |
1,680 |
1,718 |
1,726 |
1,728 |
1,695 |
1,713 |
1,761 |
1,779 |
1,752 |
| Total Interest Income |
|
2,641 |
2,740 |
2,745 |
2,789 |
2,785 |
2,707 |
2,560 |
2,609 |
2,680 |
2,637 |
2,536 |
| Loans and Leases Interest Income |
|
2,062 |
2,111 |
2,097 |
2,128 |
2,153 |
2,099 |
2,006 |
2,054 |
2,104 |
2,074 |
1,994 |
| Investment Securities Interest Income |
|
215 |
211 |
228 |
260 |
283 |
323 |
336 |
334 |
377 |
382 |
393 |
| Deposits and Money Market Investments Interest Income |
|
363 |
417 |
419 |
400 |
348 |
285 |
218 |
219 |
198 |
181 |
149 |
| Total Interest Expense |
|
866 |
1,017 |
1,065 |
1,071 |
1,059 |
979 |
865 |
896 |
919 |
858 |
784 |
| Deposits Interest Expense |
|
696 |
836 |
840 |
835 |
835 |
785 |
676 |
702 |
708 |
660 |
580 |
| Short-Term Borrowings Interest Expense |
|
69 |
69 |
84 |
69 |
57 |
32 |
32 |
37 |
32 |
23 |
54 |
| Long-Term Debt Interest Expense |
|
101 |
112 |
141 |
167 |
167 |
162 |
157 |
157 |
179 |
175 |
150 |
| Total Non-Interest Income |
|
560 |
578 |
580 |
584 |
606 |
657 |
611 |
683 |
752 |
696 |
689 |
| Trust Fees by Commissions |
|
182 |
379 |
189 |
200 |
202 |
365 |
209 |
213 |
215 |
218 |
218 |
| Service Charges on Deposit Accounts |
|
121 |
- |
124 |
127 |
132 |
- |
133 |
137 |
141 |
140 |
139 |
| Other Service Charges |
|
143 |
145 |
152 |
152 |
152 |
176 |
142 |
191 |
230 |
163 |
187 |
| Net Realized & Unrealized Capital Gains on Investments |
|
9.00 |
14 |
11 |
-1.00 |
11 |
28 |
9.00 |
12 |
19 |
20 |
18 |
| Other Non-Interest Income |
|
105 |
-195 |
104 |
106 |
109 |
-167 |
118 |
130 |
147 |
155 |
127 |
| Provision for Credit Losses |
|
150 |
225 |
200 |
150 |
120 |
140 |
130 |
125 |
125 |
125 |
140 |
| Total Non-Interest Expense |
|
1,278 |
1,449 |
1,396 |
1,297 |
1,303 |
1,363 |
1,415 |
1,336 |
1,363 |
1,379 |
1,438 |
| Salaries and Employee Benefits |
|
727 |
724 |
833 |
764 |
775 |
790 |
887 |
813 |
833 |
809 |
914 |
| Net Occupancy & Equipment Expense |
|
242 |
247 |
249 |
249 |
248 |
258 |
268 |
268 |
267 |
280 |
277 |
| Marketing Expense |
|
23 |
26 |
20 |
27 |
27 |
30 |
22 |
25 |
23 |
32 |
21 |
| Property & Liability Insurance Claims |
|
29 |
228 |
60 |
37 |
25 |
24 |
23 |
22 |
13 |
-8.00 |
23 |
| Other Operating Expenses |
|
242 |
209 |
219 |
207 |
216 |
248 |
202 |
199 |
217 |
256 |
194 |
| Amortization Expense |
|
15 |
15 |
15 |
13 |
12 |
13 |
13 |
9.00 |
10 |
10 |
9.00 |
| Income Tax Expense |
|
217 |
145 |
133 |
200 |
188 |
201 |
177 |
219 |
233 |
212 |
199 |
| Basic Earnings per Share |
|
$4.00 |
$2.75 |
$3.04 |
$3.75 |
$4.04 |
$3.88 |
$3.33 |
$4.26 |
$4.85 |
$4.66 |
$4.16 |
| Weighted Average Basic Shares Outstanding |
|
165.91M |
166.62M |
166.46M |
166.95M |
166.67M |
164.33M |
164.21M |
159.22M |
155.56M |
157.88M |
149.23M |
| Diluted Earnings per Share |
|
$3.98 |
$2.75 |
$3.02 |
$3.73 |
$4.02 |
$3.87 |
$3.32 |
$4.24 |
$4.82 |
$4.62 |
$4.13 |
| Weighted Average Diluted Shares Outstanding |
|
166.57M |
166.62M |
167.08M |
167.66M |
167.57M |
164.33M |
165.05M |
160.01M |
156.55M |
158.79M |
150.11M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
165.96M |
166.62M |
166.85M |
167.00M |
165.92M |
164.33M |
160.52M |
156.27M |
153.69M |
149.00M |
146.45M |
| Cash Dividends to Common per Share |
|
$1.30 |
- |
$1.30 |
$1.35 |
- |
- |
$1.35 |
$1.35 |
- |
- |
$1.50 |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
-5.32 |
-47 |
100 |
185 |
-169 |
116 |
-215 |
182 |
3,321 |
-9,018 |
-2,013 |
| Net Cash From Operating Activities |
|
1,742 |
1,183 |
2,782 |
2,090 |
2,358 |
789 |
2,715 |
4,574 |
3,905 |
3,610 |
3,003 |
| Net Cash From Continuing Operating Activities |
|
1,742 |
1,183 |
2,782 |
2,090 |
2,358 |
789 |
2,724 |
4,574 |
3,905 |
3,610 |
3,003 |
| Net Income / (Loss) Continuing Operations |
|
1,080 |
1,315 |
1,408 |
1,918 |
1,929 |
1,353 |
1,859 |
1,992 |
2,741 |
2,588 |
2,851 |
| Consolidated Net Income / (Loss) |
|
1,080 |
1,315 |
1,408 |
1,918 |
1,929 |
1,353 |
1,859 |
1,992 |
2,741 |
2,588 |
2,851 |
| Provision For Loan Losses |
|
170 |
190 |
168 |
132 |
176 |
800 |
-75 |
517 |
645 |
610 |
505 |
| Depreciation Expense |
|
99 |
107 |
110 |
105 |
210 |
221 |
224 |
282 |
304 |
316 |
323 |
| Amortization Expense |
|
76 |
94 |
88 |
74 |
91 |
100 |
100 |
153 |
193 |
192 |
175 |
| Non-Cash Adjustments to Reconcile Net Income |
|
338 |
132 |
363 |
1.27 |
97 |
-30 |
94 |
-175 |
-342 |
-17 |
-87 |
| Changes in Operating Assets and Liabilities, net |
|
-20 |
-654 |
646 |
-141 |
-146 |
-1,655 |
522 |
1,805 |
364 |
-79 |
-764 |
| Net Cash From Investing Activities |
|
7,714 |
-721 |
3,395 |
-1,410 |
727 |
-22,020 |
-13,631 |
16,592 |
-4,764 |
-9,746 |
-6,816 |
| Net Cash From Continuing Investing Activities |
|
7,714 |
-721 |
3,395 |
-1,410 |
727 |
-22,020 |
-13,631 |
16,592 |
-4,764 |
-9,746 |
-6,816 |
| Purchase of Investment Securities |
|
-1,628 |
-4,245 |
-1,966 |
-4,794 |
-3,561 |
-23,926 |
2,707 |
12,702 |
-7,717 |
-17,117 |
-13,541 |
| Sale and/or Maturity of Investments |
|
8,894 |
3,355 |
5,324 |
3,127 |
4,758 |
2,661 |
-16,141 |
2,311 |
2,679 |
7,397 |
7,775 |
| Other Investing Activities, net |
|
448 |
170 |
38 |
355 |
-470 |
-755 |
-197 |
1,579 |
274 |
-26 |
-1,050 |
| Net Cash From Financing Activities |
|
-9,462 |
-510 |
-6,077 |
-495 |
-3,254 |
21,348 |
10,701 |
-20,984 |
4,180 |
-2,882 |
1,800 |
| Net Cash From Continuing Financing Activities |
|
-9,462 |
-510 |
-6,077 |
-495 |
-3,254 |
21,348 |
10,701 |
-20,984 |
4,180 |
-2,882 |
1,800 |
| Net Change in Deposits |
|
504 |
3,555 |
-3,075 |
-2,273 |
4,616 |
25,037 |
11,738 |
-20,994 |
-248 |
-2,182 |
5,814 |
| Issuance of Debt |
|
1,500 |
-1,937 |
2,158 |
6,014 |
0.00 |
0.00 |
10 |
999 |
6,796 |
5,497 |
4,622 |
| Issuance of Preferred Equity |
|
0.00 |
495 |
- |
0.00 |
396 |
0.00 |
495 |
0.00 |
0.00 |
733 |
440 |
| Repayment of Debt |
|
-11,080 |
-1,120 |
-3,433 |
-1,459 |
-5,890 |
-2,668 |
-866 |
1,706 |
-824 |
-5,265 |
-5,380 |
| Repurchase of Preferred Equity |
|
0.00 |
-500 |
- |
0.00 |
-382 |
- |
- |
0.00 |
0.00 |
-350 |
0.00 |
| Repurchase of Common Equity |
|
0.00 |
-641 |
-1,206 |
-2,194 |
-1,350 |
-374 |
0.00 |
-1,800 |
-594 |
-396 |
-2,631 |
| Payment of Dividends |
|
-456 |
-523 |
-530 |
-583 |
-620 |
-636 |
-648 |
-881 |
-968 |
-1,033 |
-1,045 |
| Other Financing Activities, Net |
|
70 |
162 |
11 |
- |
-25 |
-11 |
-28 |
-14 |
18 |
114 |
-20 |
| Cash Interest Paid |
|
400 |
499 |
405 |
516 |
736 |
372 |
139 |
429 |
2,691 |
4,319 |
3,524 |
| Cash Interest Received |
|
3,134 |
3,903 |
4,156 |
4,569 |
4,892 |
4,136 |
3,977 |
6,135 |
10,092 |
11,077 |
10,654 |
| Cash Income Taxes Paid |
|
379 |
277 |
494 |
375 |
321 |
276 |
314 |
488 |
452 |
236 |
529 |
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 |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| Net Change in Cash & Equivalents |
|
-79 |
-38 |
-36 |
83 |
438 |
-307 |
1,983 |
19 |
-178 |
-2,054 |
-2,421 |
| Net Cash From Operating Activities |
|
1,420 |
800 |
608 |
1,354 |
-28 |
1,676 |
635 |
844 |
1,001 |
523 |
1,012 |
| Net Cash From Continuing Operating Activities |
|
1,420 |
800 |
608 |
1,354 |
-28 |
1,676 |
635 |
844 |
1,001 |
523 |
1,012 |
| Net Income / (Loss) Continuing Operations |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
759 |
664 |
| Consolidated Net Income / (Loss) |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
759 |
664 |
| Provision For Loan Losses |
|
150 |
225 |
200 |
150 |
120 |
140 |
130 |
125 |
125 |
125 |
140 |
| Depreciation Expense |
|
78 |
77 |
80 |
79 |
76 |
81 |
83 |
81 |
79 |
80 |
79 |
| Amortization Expense |
|
52 |
52 |
50 |
48 |
46 |
48 |
47 |
43 |
43 |
42 |
18 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-41 |
-61 |
7.00 |
-12 |
-4.00 |
-8.00 |
-8.00 |
-43 |
-50 |
14 |
8.00 |
| Changes in Operating Assets and Liabilities, net |
|
491 |
25 |
-260 |
434 |
-987 |
734 |
-201 |
-78 |
12 |
-497 |
103 |
| Net Cash From Investing Activities |
|
-1,907 |
683 |
-7,082 |
5,625 |
-1,386 |
2,293 |
-349 |
-853 |
1.00 |
-3,832 |
-4,324 |
| Net Cash From Continuing Investing Activities |
|
-1,907 |
683 |
-7,082 |
5,625 |
-1,386 |
2,293 |
-349 |
-853 |
1.00 |
-3,832 |
-4,324 |
| Purchase of Investment Securities |
|
2,187 |
-5,716 |
-8,979 |
-218 |
-4,107 |
1,242 |
-2,124 |
-3,265 |
-1,221 |
-5,513 |
-8,210 |
| Sale and/or Maturity of Investments |
|
-4,113 |
6,430 |
1,816 |
5,771 |
2,688 |
1,263 |
2,054 |
2,845 |
1,421 |
1,820 |
4,166 |
| Other Investing Activities, net |
|
19 |
-31 |
81 |
72 |
33 |
-212 |
-279 |
-433 |
-199 |
-139 |
-280 |
| Net Cash From Financing Activities |
|
408 |
-1,521 |
6,438 |
-6,896 |
1,852 |
-4,276 |
1,697 |
28 |
-1,180 |
1,255 |
891 |
| Net Cash From Continuing Financing Activities |
|
408 |
-1,521 |
6,438 |
-6,896 |
1,852 |
-4,276 |
1,697 |
28 |
-1,180 |
1,255 |
891 |
| Net Change in Deposits |
|
2,063 |
-856 |
3,921 |
-7,287 |
4,643 |
-3,459 |
4,314 |
-957 |
-1,027 |
3,484 |
-3,168 |
| Issuance of Debt |
|
-631 |
-2,173 |
3,357 |
-552 |
1,198 |
1,494 |
1,256 |
2,541 |
-264 |
1,089 |
6,210 |
| Repayment of Debt |
|
-781 |
1,718 |
-570 |
408 |
-3,227 |
-1,876 |
-2,950 |
-215 |
784 |
-2,999 |
-212 |
| Repurchase of Preferred Equity |
|
- |
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
-400 |
| Repurchase of Common Equity |
|
- |
- |
0.00 |
- |
-198 |
-198 |
-656 |
-1,069 |
-404 |
-502 |
-1,238 |
| Payment of Dividends |
|
-249 |
-233 |
-255 |
-249 |
-274 |
-255 |
-266 |
-243 |
-274 |
-262 |
-275 |
| Other Financing Activities, Net |
|
6.00 |
23 |
-15 |
51 |
60 |
18 |
-1.00 |
-29 |
5.00 |
5.00 |
-26 |
| Cash Interest Paid |
|
856 |
912 |
999 |
1,116 |
1,179 |
1,025 |
933 |
811 |
978 |
802 |
862 |
| Cash Interest Received |
|
2,615 |
2,663 |
2,716 |
2,831 |
2,776 |
2,754 |
2,605 |
2,634 |
2,712 |
2,703 |
2,608 |
| Cash Income Taxes Paid |
|
102 |
21 |
41 |
65 |
134 |
-4.00 |
70 |
80 |
164 |
215 |
34 |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
122,788 |
123,449 |
118,593 |
120,097 |
119,873 |
142,601 |
155,107 |
200,730 |
208,264 |
208,105 |
213,510 |
| Cash and Due from Banks |
|
1,368 |
1,321 |
1,421 |
1,605 |
1,433 |
1,553 |
1,338 |
1,517 |
1,731 |
1,909 |
1,701 |
| Interest Bearing Deposits at Other Banks |
|
7,594 |
5,001 |
5,079 |
8,105 |
7,190 |
23,664 |
41,872 |
24,959 |
28,069 |
18,873 |
17,068 |
| Trading Account Securities |
|
15,930 |
16,113 |
14,797 |
12,693 |
9,967 |
8,114 |
7,206 |
25,329 |
27,003 |
34,152 |
36,746 |
| Loans and Leases, Net of Allowance |
|
86,534 |
89,864 |
86,972 |
87,447 |
89,872 |
96,799 |
91,443 |
129,639 |
131,939 |
133,397 |
136,586 |
| Loans and Leases |
|
87,489 |
90,853 |
87,989 |
88,466 |
90,923 |
98,536 |
92,912 |
131,564 |
134,068 |
135,581 |
138,702 |
| Allowance for Loan and Lease Losses |
|
956 |
989 |
1,017 |
1,019 |
1,051 |
1,736 |
1,469 |
1,925 |
2,129 |
2,184 |
2,116 |
| Premises and Equipment, Net |
|
667 |
675 |
646 |
647 |
1,141 |
1,162 |
1,145 |
1,654 |
1,739 |
1,705 |
1,629 |
| Goodwill |
|
4,593 |
4,593 |
4,593 |
4,593 |
4,593 |
4,593 |
4,593 |
8,490 |
8,465 |
8,465 |
8,465 |
| Intangible Assets |
|
140 |
98 |
72 |
47 |
29 |
14 |
4.00 |
209 |
147 |
94 |
64 |
| Other Assets |
|
5,962 |
5,323 |
5,013 |
4,774 |
5,644 |
6,702 |
7,507 |
8,930 |
9,171 |
9,510 |
11,251 |
| Total Liabilities & Shareholders' Equity |
|
122,788 |
123,449 |
118,593 |
120,097 |
119,873 |
142,601 |
155,107 |
200,730 |
208,264 |
208,105 |
213,510 |
| Total Liabilities |
|
106,615 |
106,963 |
102,343 |
104,637 |
104,156 |
126,414 |
137,204 |
175,412 |
181,307 |
179,078 |
184,333 |
| Non-Interest Bearing Deposits |
|
29,111 |
32,814 |
33,975 |
32,257 |
32,396 |
47,573 |
60,131 |
65,502 |
49,294 |
46,020 |
46,509 |
| Interest Bearing Deposits |
|
62,847 |
62,680 |
58,457 |
57,900 |
62,374 |
72,233 |
71,412 |
98,013 |
113,980 |
115,075 |
120,400 |
| Short-Term Debt |
|
1,982 |
163 |
175 |
4,398 |
62 |
59 |
47 |
3,555 |
5,316 |
1,060 |
2,149 |
| Long-Term Debt |
|
10,654 |
9,494 |
8,141 |
8,445 |
6,986 |
4,382 |
3,485 |
3,965 |
8,201 |
12,605 |
10,911 |
| Other Long-Term Liabilities |
|
1,871 |
1,811 |
1,594 |
1,637 |
2,337 |
2,166 |
2,128 |
4,377 |
4,516 |
4,318 |
4,364 |
| Total Equity & Noncontrolling Interests |
|
16,173 |
16,487 |
16,251 |
15,460 |
15,717 |
16,187 |
17,903 |
25,318 |
26,957 |
29,027 |
29,177 |
| Total Preferred & Common Equity |
|
16,173 |
16,487 |
16,251 |
15,460 |
15,717 |
16,187 |
17,903 |
25,318 |
26,957 |
29,027 |
29,177 |
| Preferred Stock |
|
1,232 |
1,232 |
1,232 |
1,232 |
1,250 |
1,250 |
1,750 |
2,011 |
2,011 |
2,394 |
2,834 |
| Total Common Equity |
|
14,942 |
15,255 |
15,019 |
14,229 |
14,467 |
14,937 |
16,153 |
23,307 |
24,946 |
26,633 |
26,343 |
| Common Stock |
|
6,763 |
6,759 |
6,673 |
6,661 |
6,675 |
6,699 |
6,716 |
10,093 |
10,111 |
10,089 |
10,101 |
| Retained Earnings |
|
8,431 |
9,222 |
10,165 |
11,517 |
12,821 |
13,444 |
14,646 |
15,754 |
17,524 |
19,079 |
20,882 |
| Treasury Stock |
|
0.00 |
-432 |
-1,454 |
-3,529 |
-4,823 |
-5,143 |
-5,082 |
-1,750 |
-2,230 |
-2,371 |
-4,917 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-252 |
-295 |
-364 |
-420 |
-207 |
-63 |
-128 |
-790 |
-459 |
-164 |
277 |
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 |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
| Total Assets |
|
207,672 |
209,124 |
208,264 |
215,137 |
208,855 |
211,785 |
208,105 |
210,321 |
211,584 |
211,277 |
214,736 |
| Cash and Due from Banks |
|
1,848 |
1,769 |
1,731 |
1,695 |
1,778 |
2,216 |
1,909 |
2,109 |
2,128 |
1,950 |
1,903 |
| Interest Bearing Deposits at Other Banks |
|
27,107 |
30,114 |
28,069 |
32,144 |
24,792 |
24,417 |
18,873 |
20,656 |
19,297 |
16,751 |
14,445 |
| Trading Account Securities |
|
28,054 |
27,473 |
27,003 |
28,595 |
29,993 |
32,429 |
34,152 |
35,233 |
35,661 |
36,959 |
38,713 |
| Loans and Leases, Net of Allowance |
|
131,345 |
130,303 |
131,939 |
132,782 |
132,798 |
133,716 |
133,397 |
132,374 |
133,919 |
134,813 |
137,778 |
| Loans and Leases |
|
133,344 |
132,355 |
134,068 |
134,973 |
135,002 |
135,920 |
135,581 |
134,574 |
136,116 |
136,974 |
139,914 |
| Allowance for Loan and Lease Losses |
|
1,998 |
2,052 |
2,129 |
2,191 |
2,204 |
2,204 |
2,184 |
2,200 |
2,197 |
2,161 |
2,136 |
| Premises and Equipment, Net |
|
1,673 |
1,681 |
1,739 |
1,707 |
1,719 |
1,694 |
1,705 |
1,661 |
1,646 |
1,621 |
1,716 |
| Goodwill |
|
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
8,465 |
| Intangible Assets |
|
177 |
162 |
147 |
132 |
119 |
107 |
94 |
93 |
84 |
74 |
55 |
| Other Assets |
|
9,002 |
9,157 |
9,171 |
9,617 |
9,191 |
8,741 |
9,510 |
9,730 |
10,384 |
10,644 |
11,661 |
| Total Liabilities & Shareholders' Equity |
|
207,672 |
209,124 |
208,264 |
215,137 |
208,855 |
211,785 |
208,105 |
210,321 |
211,584 |
211,277 |
214,736 |
| Total Liabilities |
|
181,871 |
182,928 |
181,307 |
187,968 |
180,431 |
182,909 |
179,078 |
181,330 |
183,059 |
182,549 |
186,764 |
| Non-Interest Bearing Deposits |
|
54,938 |
53,787 |
49,294 |
50,578 |
47,729 |
47,344 |
46,020 |
49,051 |
47,485 |
44,994 |
45,892 |
| Interest Bearing Deposits |
|
107,120 |
110,341 |
113,980 |
116,618 |
112,181 |
117,210 |
115,075 |
116,358 |
116,968 |
118,432 |
117,849 |
| Short-Term Debt |
|
7,908 |
6,731 |
5,316 |
4,795 |
4,764 |
2,605 |
1,060 |
1,573 |
2,071 |
2,059 |
7,851 |
| Long-Term Debt |
|
7,417 |
7,123 |
8,201 |
11,450 |
11,319 |
11,583 |
12,605 |
10,496 |
12,380 |
12,928 |
11,175 |
| Other Long-Term Liabilities |
|
4,488 |
4,946 |
4,516 |
4,527 |
4,438 |
4,167 |
4,318 |
3,852 |
4,155 |
4,136 |
3,997 |
| Total Equity & Noncontrolling Interests |
|
25,801 |
26,197 |
26,957 |
27,169 |
28,424 |
28,876 |
29,027 |
28,991 |
28,525 |
28,728 |
27,972 |
| Total Preferred & Common Equity |
|
25,801 |
26,197 |
26,957 |
27,169 |
28,424 |
28,876 |
29,027 |
28,991 |
28,525 |
28,728 |
27,972 |
| Preferred Stock |
|
2,011 |
2,011 |
2,011 |
2,011 |
2,744 |
2,394 |
2,394 |
2,394 |
2,394 |
2,394 |
2,434 |
| Total Common Equity |
|
23,790 |
24,186 |
24,946 |
25,158 |
25,680 |
26,482 |
26,632 |
26,597 |
26,131 |
26,334 |
25,538 |
| Common Stock |
|
10,091 |
10,103 |
10,111 |
10,067 |
10,067 |
10,077 |
10,088 |
10,059 |
10,072 |
10,086 |
10,051 |
| Retained Earnings |
|
16,837 |
17,284 |
17,524 |
17,812 |
18,211 |
18,659 |
19,079 |
19,405 |
19,870 |
20,392 |
21,476 |
| Treasury Stock |
|
-2,273 |
-2,260 |
-2,230 |
-2,132 |
-2,047 |
-2,227 |
-2,371 |
-2,957 |
-4,026 |
-4,421 |
-6,055 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-865 |
-942 |
-459 |
-589 |
-551 |
-27 |
-164 |
90 |
215 |
277 |
66 |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$7.22 |
$7.80 |
$8.72 |
$12.75 |
$13.76 |
$9.94 |
$13.81 |
$11.59 |
$15.85 |
$14.71 |
$17.10 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
159.09M |
154.17M |
150.18M |
138.53M |
130.44M |
128.64M |
129.03M |
167.79M |
166.62M |
164.33M |
157.88M |
| Adjusted Diluted Earnings per Share |
|
$7.18 |
$7.78 |
$8.70 |
$12.74 |
$13.75 |
$9.94 |
$13.80 |
$11.53 |
$15.79 |
$14.64 |
$17.00 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
159.09M |
154.17M |
150.18M |
138.53M |
130.44M |
128.64M |
129.03M |
167.79M |
166.62M |
164.33M |
158.79M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$13.76 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
159.09M |
154.17M |
150.18M |
138.53M |
130.44M |
128.64M |
129.03M |
167.79M |
166.62M |
164.33M |
149.00M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 |
|
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
149,000,252.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
149,000,252.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
4.46 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
4.16% |
-8.30% |
-6.03% |
-11.53% |
-0.13% |
3.65% |
2.04% |
4.08% |
7.76% |
- |
5.85% |
| EBITDA Growth |
|
6.37% |
-32.11% |
-23.58% |
-23.52% |
-0.58% |
33.73% |
12.22% |
7.84% |
11.25% |
- |
7.74% |
| EBIT Growth |
|
7.02% |
-38.01% |
-28.29% |
-26.23% |
0.22% |
40.67% |
14.61% |
9.36% |
12.76% |
- |
13.40% |
| NOPAT Growth |
|
6.71% |
-37.05% |
-24.36% |
-24.45% |
4.49% |
41.29% |
9.98% |
9.31% |
9.85% |
- |
13.70% |
| Net Income Growth |
|
6.71% |
-37.05% |
-24.36% |
-24.45% |
4.49% |
41.29% |
9.98% |
9.31% |
9.85% |
- |
13.70% |
| EPS Growth |
|
12.75% |
-36.05% |
-24.69% |
-26.14% |
1.01% |
40.73% |
9.93% |
13.67% |
19.90% |
- |
24.40% |
| Operating Cash Flow Growth |
|
24.89% |
-16.13% |
42.06% |
7.72% |
-101.97% |
109.50% |
4.44% |
-37.67% |
3,675.00% |
- |
59.37% |
| Free Cash Flow Firm Growth |
|
-23.84% |
32.74% |
82.84% |
73.60% |
76.43% |
78.52% |
196.40% |
182.41% |
106.15% |
- |
-279.51% |
| Invested Capital Growth |
|
35.15% |
23.25% |
8.98% |
8.22% |
7.52% |
5.48% |
-5.42% |
-3.44% |
1.51% |
- |
14.46% |
| Revenue Q/Q Growth |
|
-10.26% |
-1.46% |
-1.75% |
1.86% |
1.30% |
2.27% |
-3.31% |
3.90% |
4.88% |
- |
-1.37% |
| EBITDA Q/Q Growth |
|
-19.24% |
-27.10% |
5.17% |
23.68% |
4.99% |
-1.94% |
-11.87% |
18.86% |
8.31% |
- |
-12.17% |
| EBIT Q/Q Growth |
|
-21.74% |
-30.87% |
6.13% |
28.77% |
6.32% |
-2.97% |
-13.72% |
22.86% |
9.63% |
- |
-11.12% |
| NOPAT Q/Q Growth |
|
-20.42% |
-30.14% |
10.07% |
23.35% |
10.08% |
-5.55% |
-14.24% |
22.60% |
10.61% |
- |
-12.52% |
| Net Income Q/Q Growth |
|
-20.42% |
-30.14% |
10.07% |
23.35% |
10.08% |
-5.55% |
-14.24% |
22.60% |
10.61% |
- |
-12.52% |
| EPS Q/Q Growth |
|
-21.19% |
-30.90% |
9.82% |
23.51% |
7.77% |
-3.73% |
-14.21% |
27.71% |
13.68% |
- |
-10.61% |
| Operating Cash Flow Q/Q Growth |
|
12.97% |
-43.66% |
-24.03% |
122.70% |
-102.07% |
6,085.71% |
-62.11% |
32.91% |
18.60% |
- |
93.50% |
| Free Cash Flow Firm Q/Q Growth |
|
5.81% |
26.45% |
57.40% |
10.54% |
15.92% |
32.95% |
291.15% |
-23.52% |
-93.73% |
- |
-534.43% |
| Invested Capital Q/Q Growth |
|
-2.61% |
1.06% |
7.26% |
2.52% |
-3.24% |
-0.86% |
-3.82% |
4.67% |
1.72% |
- |
11.27% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
44.41% |
32.86% |
35.13% |
42.66% |
44.21% |
42.39% |
38.64% |
44.20% |
45.64% |
- |
39.33% |
| EBIT Margin |
|
38.84% |
27.25% |
29.38% |
37.14% |
38.98% |
36.98% |
33.00% |
39.02% |
40.79% |
- |
35.35% |
| Profit (Net Income) Margin |
|
29.55% |
20.95% |
23.50% |
28.45% |
30.92% |
28.55% |
25.33% |
29.88% |
31.52% |
- |
27.20% |
| Tax Burden Percent |
|
76.08% |
76.87% |
79.97% |
76.61% |
79.32% |
77.21% |
76.74% |
76.58% |
77.27% |
- |
76.94% |
| 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 |
|
23.93% |
23.13% |
20.03% |
23.39% |
20.68% |
22.79% |
23.26% |
23.42% |
22.73% |
- |
23.06% |
| Return on Invested Capital (ROIC) |
|
8.36% |
5.51% |
5.36% |
6.11% |
6.84% |
6.37% |
5.59% |
6.43% |
6.97% |
- |
6.07% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.36% |
5.51% |
5.36% |
6.11% |
6.84% |
6.37% |
5.59% |
6.43% |
6.97% |
- |
6.07% |
| Return on Net Nonoperating Assets (RNNOA) |
|
2.96% |
2.22% |
3.13% |
3.54% |
3.48% |
3.09% |
2.82% |
3.45% |
3.53% |
- |
3.31% |
| Return on Equity (ROE) |
|
11.32% |
7.73% |
8.49% |
9.65% |
10.32% |
9.47% |
8.41% |
9.89% |
10.50% |
- |
9.38% |
| Cash Return on Invested Capital (CROIC) |
|
-21.22% |
-13.35% |
-2.42% |
-2.39% |
-1.50% |
0.89% |
11.83% |
9.68% |
4.89% |
- |
-6.83% |
| Operating Return on Assets (OROA) |
|
1.88% |
1.28% |
1.33% |
1.64% |
1.70% |
1.65% |
1.45% |
1.75% |
1.85% |
- |
1.63% |
| Return on Assets (ROA) |
|
1.43% |
0.99% |
1.07% |
1.26% |
1.35% |
1.27% |
1.11% |
1.34% |
1.43% |
- |
1.26% |
| Return on Common Equity (ROCE) |
|
10.43% |
7.13% |
7.84% |
8.81% |
9.50% |
8.72% |
7.75% |
8.99% |
9.63% |
- |
8.59% |
| Return on Equity Simple (ROE_SIMPLE) |
|
11.55% |
0.00% |
9.46% |
8.30% |
8.27% |
0.00% |
9.11% |
9.47% |
9.65% |
- |
10.48% |
| Net Operating Profit after Tax (NOPAT) |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
- |
664 |
| NOPAT Margin |
|
29.55% |
20.95% |
23.50% |
28.45% |
30.92% |
28.55% |
25.33% |
29.88% |
31.52% |
- |
27.20% |
| 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 |
|
42.48% |
43.33% |
48.76% |
45.18% |
45.03% |
45.20% |
51.04% |
46.16% |
44.69% |
- |
49.65% |
| Operating Expenses to Revenue |
|
54.73% |
62.97% |
61.77% |
56.34% |
55.87% |
57.15% |
61.36% |
55.76% |
54.24% |
- |
58.91% |
| Earnings before Interest and Taxes (EBIT) |
|
907 |
627 |
664 |
855 |
909 |
882 |
761 |
935 |
1,025 |
- |
863 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1,037 |
756 |
794 |
982 |
1,031 |
1,011 |
891 |
1,059 |
1,147 |
- |
960 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.84 |
0.88 |
0.96 |
0.98 |
1.12 |
1.17 |
1.10 |
1.19 |
1.17 |
- |
1.21 |
| Price to Tangible Book Value (P/TBV) |
|
1.30 |
1.35 |
1.46 |
1.48 |
1.66 |
1.73 |
1.63 |
1.77 |
1.74 |
- |
1.81 |
| Price to Revenue (P/Rev) |
|
2.05 |
2.28 |
2.54 |
2.75 |
3.24 |
3.36 |
3.15 |
3.31 |
3.22 |
- |
3.14 |
| Price to Earnings (P/E) |
|
6.75 |
8.04 |
9.39 |
10.72 |
12.47 |
12.05 |
11.12 |
11.56 |
11.17 |
- |
10.51 |
| Dividend Yield |
|
4.18% |
3.92% |
3.58% |
3.47% |
2.98% |
2.85% |
3.02% |
2.78% |
2.81% |
- |
2.83% |
| Earnings Yield |
|
14.82% |
12.44% |
10.65% |
9.32% |
8.02% |
8.30% |
8.99% |
8.65% |
8.95% |
- |
9.52% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.11 |
0.19 |
0.20 |
0.39 |
0.46 |
0.62 |
0.51 |
0.62 |
0.68 |
- |
0.76 |
| Enterprise Value to Revenue (EV/Rev) |
|
0.43 |
0.80 |
0.90 |
1.90 |
2.14 |
2.85 |
2.26 |
2.82 |
3.08 |
- |
3.66 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
0.94 |
1.88 |
2.21 |
4.91 |
5.53 |
6.93 |
5.38 |
6.65 |
7.20 |
- |
8.43 |
| Enterprise Value to EBIT (EV/EBIT) |
|
1.05 |
2.14 |
2.55 |
5.74 |
6.45 |
8.00 |
6.19 |
7.62 |
8.20 |
- |
9.47 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
1.39 |
2.83 |
3.33 |
7.43 |
8.24 |
10.23 |
7.98 |
9.83 |
10.66 |
- |
12.25 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
1.04 |
1.99 |
2.09 |
4.19 |
7.20 |
7.33 |
5.79 |
8.49 |
7.11 |
- |
10.63 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
71.55 |
4.22 |
6.27 |
13.93 |
- |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.53 |
0.50 |
0.60 |
0.57 |
0.49 |
0.47 |
0.42 |
0.51 |
0.52 |
- |
0.68 |
| Long-Term Debt to Equity |
|
0.27 |
0.30 |
0.42 |
0.40 |
0.40 |
0.43 |
0.36 |
0.43 |
0.45 |
- |
0.40 |
| Financial Leverage |
|
0.35 |
0.40 |
0.58 |
0.58 |
0.51 |
0.49 |
0.50 |
0.54 |
0.51 |
- |
0.55 |
| Leverage Ratio |
|
7.91 |
7.82 |
7.96 |
7.68 |
7.64 |
7.44 |
7.58 |
7.38 |
7.34 |
- |
7.46 |
| Compound Leverage Factor |
|
7.91 |
7.82 |
7.96 |
7.68 |
7.64 |
7.44 |
7.58 |
7.38 |
7.34 |
- |
7.46 |
| Debt to Total Capital |
|
34.59% |
33.40% |
37.42% |
36.14% |
32.95% |
32.01% |
29.39% |
33.63% |
34.28% |
- |
40.48% |
| Short-Term Debt to Total Capital |
|
16.81% |
13.13% |
11.04% |
10.70% |
6.05% |
2.48% |
3.83% |
4.82% |
4.71% |
- |
16.71% |
| Long-Term Debt to Total Capital |
|
17.79% |
20.26% |
26.37% |
25.43% |
26.90% |
29.53% |
25.56% |
28.81% |
29.57% |
- |
23.78% |
| Preferred Equity to Total Capital |
|
5.02% |
4.97% |
4.63% |
6.17% |
5.56% |
5.61% |
5.83% |
5.57% |
5.48% |
- |
5.18% |
| 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 |
|
60.39% |
61.63% |
57.95% |
57.70% |
61.49% |
62.38% |
64.78% |
60.80% |
60.24% |
- |
54.34% |
| Debt to EBITDA |
|
3.10 |
3.28 |
4.20 |
4.51 |
3.98 |
3.58 |
3.08 |
3.62 |
3.65 |
- |
4.47 |
| Net Debt to EBITDA |
|
-4.03 |
-3.96 |
-4.55 |
-2.94 |
-3.49 |
-1.86 |
-2.73 |
-1.75 |
-0.90 |
- |
0.63 |
| Long-Term Debt to EBITDA |
|
1.59 |
1.99 |
2.96 |
3.17 |
3.25 |
3.30 |
2.68 |
3.10 |
3.15 |
- |
2.62 |
| Debt to NOPAT |
|
4.58 |
4.93 |
6.32 |
6.82 |
5.94 |
5.28 |
4.57 |
5.35 |
5.40 |
- |
6.49 |
| Net Debt to NOPAT |
|
-5.96 |
-5.94 |
-6.85 |
-4.45 |
-5.21 |
-2.75 |
-4.05 |
-2.58 |
-1.34 |
- |
0.91 |
| Long-Term Debt to NOPAT |
|
2.36 |
2.99 |
4.46 |
4.80 |
4.85 |
4.87 |
3.97 |
4.58 |
4.66 |
- |
3.81 |
| Noncontrolling Interest Sharing Ratio |
|
7.82% |
7.69% |
7.65% |
8.77% |
8.00% |
7.87% |
7.84% |
9.02% |
8.31% |
- |
8.48% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-9,727 |
-7,154 |
-3,048 |
-2,727 |
-2,292 |
-1,537 |
2,938 |
2,247 |
141 |
- |
-5,274 |
| 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% |
| Free Cash Flow to Firm to Interest Expense |
|
-11.23 |
-7.03 |
-2.86 |
-2.55 |
-2.16 |
-1.57 |
3.40 |
2.51 |
0.15 |
- |
-6.73 |
| Operating Cash Flow to Interest Expense |
|
1.64 |
0.79 |
0.57 |
1.26 |
-0.03 |
1.71 |
0.73 |
0.94 |
1.09 |
- |
1.29 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
1.64 |
0.79 |
0.57 |
1.26 |
-0.03 |
1.71 |
0.73 |
0.94 |
1.09 |
- |
1.29 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
- |
0.05 |
| Fixed Asset Turnover |
|
5.97 |
5.68 |
5.64 |
5.42 |
5.45 |
5.39 |
5.54 |
5.60 |
5.79 |
- |
5.82 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
40,051 |
40,474 |
43,414 |
44,507 |
43,064 |
42,692 |
41,060 |
42,976 |
43,715 |
- |
46,998 |
| Invested Capital Turnover |
|
0.28 |
0.26 |
0.23 |
0.21 |
0.22 |
0.22 |
0.22 |
0.22 |
0.22 |
- |
0.22 |
| Increase / (Decrease) in Invested Capital |
|
10,417 |
7,636 |
3,579 |
3,382 |
3,013 |
2,218 |
-2,354 |
-1,531 |
651 |
- |
5,938 |
| Enterprise Value (EV) |
|
4,216 |
7,754 |
8,554 |
17,512 |
19,695 |
26,472 |
21,073 |
26,559 |
29,562 |
- |
35,913 |
| Market Capitalization |
|
20,234 |
22,026 |
24,137 |
25,255 |
29,746 |
31,195 |
29,375 |
31,139 |
30,882 |
- |
30,801 |
| Book Value per Share |
|
$145.74 |
$150.31 |
$151.14 |
$153.91 |
$158.57 |
$160.51 |
$161.85 |
$162.79 |
$168.52 |
- |
$171.40 |
| Tangible Book Value per Share |
|
$93.76 |
$98.42 |
$99.49 |
$102.46 |
$107.25 |
$108.93 |
$109.77 |
$109.53 |
$113.87 |
- |
$114.21 |
| Total Capital |
|
40,051 |
40,474 |
43,414 |
44,507 |
43,064 |
42,692 |
41,060 |
42,976 |
43,715 |
- |
46,998 |
| Total Debt |
|
13,854 |
13,517 |
16,245 |
16,083 |
14,188 |
13,665 |
12,069 |
14,451 |
14,987 |
- |
19,026 |
| Total Long-Term Debt |
|
7,123 |
8,201 |
11,450 |
11,319 |
11,583 |
12,605 |
10,496 |
12,380 |
12,928 |
- |
11,175 |
| Net Debt |
|
-18,029 |
-16,283 |
-17,594 |
-10,487 |
-12,445 |
-7,117 |
-10,696 |
-6,974 |
-3,714 |
- |
2,678 |
| Capital Expenditures (CapEx) |
|
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 |
| Net Nonoperating Obligations (NNO) |
|
13,854 |
13,517 |
16,245 |
16,083 |
14,188 |
13,665 |
12,069 |
14,451 |
14,987 |
- |
19,026 |
| Total Depreciation and Amortization (D&A) |
|
130 |
129 |
130 |
127 |
122 |
129 |
130 |
124 |
122 |
- |
97 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$4.00 |
$2.75 |
$3.04 |
$3.75 |
$4.04 |
$3.88 |
$3.33 |
$4.26 |
$4.85 |
$4.66 |
$4.16 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
165.91M |
166.62M |
166.46M |
166.95M |
166.67M |
164.33M |
164.21M |
159.22M |
155.56M |
157.88M |
149.23M |
| Adjusted Diluted Earnings per Share |
|
$3.98 |
$2.75 |
$3.02 |
$3.73 |
$4.02 |
$3.87 |
$3.32 |
$4.24 |
$4.82 |
$4.62 |
$4.13 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
166.57M |
166.62M |
167.08M |
167.66M |
167.57M |
164.33M |
165.05M |
160.01M |
156.55M |
158.79M |
150.11M |
| 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 |
|
165.96M |
166.62M |
166.85M |
167.00M |
165.92M |
164.33M |
160.52M |
156.27M |
153.69M |
149.00M |
146.45M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
690 |
482 |
531 |
655 |
721 |
681 |
584 |
716 |
792 |
- |
664 |
| Normalized NOPAT Margin |
|
29.55% |
20.95% |
23.50% |
28.45% |
30.92% |
28.55% |
25.33% |
29.88% |
31.52% |
- |
27.20% |
| Pre Tax Income Margin |
|
38.84% |
27.25% |
29.38% |
37.14% |
38.98% |
36.98% |
33.00% |
39.02% |
40.79% |
- |
35.35% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
1.05 |
0.62 |
0.62 |
0.80 |
0.86 |
0.90 |
0.88 |
1.04 |
1.12 |
- |
1.10 |
| NOPAT to Interest Expense |
|
0.80 |
0.47 |
0.50 |
0.61 |
0.68 |
0.70 |
0.68 |
0.80 |
0.86 |
- |
0.85 |
| EBIT Less CapEx to Interest Expense |
|
1.05 |
0.62 |
0.62 |
0.80 |
0.86 |
0.90 |
0.88 |
1.04 |
1.12 |
- |
1.10 |
| NOPAT Less CapEx to Interest Expense |
|
0.80 |
0.47 |
0.50 |
0.61 |
0.68 |
0.70 |
0.68 |
0.80 |
0.86 |
- |
0.85 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
31.62% |
35.32% |
37.67% |
41.82% |
42.32% |
39.92% |
39.53% |
38.42% |
37.43% |
- |
35.96% |
| Augmented Payout Ratio |
|
71.10% |
56.99% |
37.67% |
41.82% |
50.61% |
55.22% |
79.36% |
116.91% |
121.35% |
- |
145.58% |