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M&T Bank (MTB) Financials

M&T Bank logo
$205.25 -0.49 (-0.24%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$205.04 -0.21 (-0.10%)
As of 05/15/2026 04:20 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
1,080 1,315 1,328 1,836 1,850 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
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
Total Pre-Tax Income
1,675 2,058 2,324 2,508 2,547 1,770 2,455 2,612 3,619 3,310 3,692
Total Revenue
4,668 5,296 5,632 5,928 6,192 5,955 5,992 8,179 9,643 9,279 9,690
Net Interest Income / (Expense)
2,843 3,470 3,781 4,072 4,130 3,866 3,825 5,822 7,115 6,852 6,948
Total Interest Income
3,171 3,896 4,168 4,599 4,880 4,193 3,939 6,247 10,224 11,026 10,486
Loans and Leases Interest Income
2,778 3,485 3,743 4,165 4,442 3,975 3,749 5,237 8,021 8,477 8,238
Investment Securities Interest Income
376 364 363 325 289 177 141 499 839 1,094 1,429
Deposits and Money Market Investments Interest Income
15 46 61 108 141 33 48 509 1,360 1,452 816
Other Interest Income
1.02 1.21 1.01 1.39 7.16 8.05 1.00 2.00 4.00 3.00 3.00
Total Interest Expense
328 426 387 526 749 326 114 425 3,109 4,174 3,538
Deposits Interest Expense
74 191 196 272 485 217 52 295 2,417 3,295 2,746
Short-Term Borrowings Interest Expense
1.68 3.63 1.51 5.39 25 0.03 0.00 19 292 242 124
Long-Term Debt Interest Expense
253 231 189 249 239 109 62 111 400 637 668
Total Non-Interest Income
1,825 1,826 1,851 1,856 2,062 2,088 2,167 2,357 2,528 2,427 2,742
Trust Fees by Commissions
535 63 61 51 49 47 63 829 782 796 855
Service Charges on Deposit Accounts
- - - - - - - 447 475 514 551
Other Service Charges
1,259 426 441 451 469 471 483 703 809 632 726
Net Realized & Unrealized Capital Gains on Investments
30 71 57 26 80 31 3.00 21 53 49 60
Other Non-Interest Income
- 1,265 1,293 1,327 1,463 1,539 1,618 357 409 436 550
Provision for Credit Losses
170 190 168 132 176 800 -75 517 645 610 505
Total Non-Interest Expense
2,823 3,047 3,140 3,288 3,469 3,385 3,612 5,050 5,379 5,359 5,493
Salaries and Employee Benefits
1,550 1,618 1,649 1,752 1,901 1,951 2,046 2,787 2,997 3,162 3,342
Net Occupancy & Equipment Expense
437 468 480 498 554 581 619 850 957 1,004 1,083
Marketing Expense
59 87 69 86 93 62 64 90 108 104 102
Property & Liability Insurance Claims
52 105 102 69 42 54 70 90 315 146 50
Other Operating Expenses
699 727 809 859 860 723 803 1,177 940 890 874
Amortization Expense
26 43 31 25 19 15 10 56 62 53 42
Income Tax Expense
595 743 916 590 618 416 596 620 878 722 841
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
Weighted Average Basic Shares Outstanding
136.80M 156.78M 152.16M 143.99M 130.44M 128.64M 129.03M 167.79M 166.36M 166.48M 157.88M
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
Weighted Average Diluted Shares Outstanding
136.80M 156.78M 152.16M 143.99M 130.44M 128.64M 129.03M 167.79M 167.00M 167.32M 158.79M
Weighted Average Basic & Diluted Shares Outstanding
136.80M 156.78M 152.16M 143.99M 130.44M 128.64M 129.03M 167.79M 166.62M 164.33M 149.00M
Cash Dividends to Common per Share
$2.80 - - - - - - $4.80 $5.20 $5.35 $5.70

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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
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
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
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%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for M&T Bank (NYSE: MTB) based on the company’s quarterly statements from the last four years. The items below are organized to highlight likely positive catalysts first, then neutral points, and finally potential negatives.

  • Net interest income trend supports revenue growth. Net interest income has trended higher through 2025 (approximately $1.68B in early 2025 quarters to about $1.78B in Q4 2025), contributing to a higher total revenue pace (about $2.48B in Q4 2025 vs roughly $2.38B a year earlier).
  • Loans and credit activity showing gradual growth. Net loans outstanding has remained robust, with a mid-2025 level around $133.9B–$134.8B (net of allowances), continuing a multi-year growth trajectory from 2023.
  • Large, stable deposit base supports liquidity. Total deposits sit in the high-triple-digit billions, providing durable funding and liquidity headroom through rate cycles (non-interest bearing and interest-bearing deposits combined run well over $150B in mid-2025 figures).
  • Operating cash flow remains positive across the year. Cash flow from continuing operations was positive in 2025 quarters (e.g., about $635M in Q1, $844M in Q3, and $523M in Q4 2025), underscoring ongoing cash generation ability.
  • Strong capital position supports earnings capacity. 2025 balance sheets show a solid equity base (Total Common Equity in the mid-$20s billions, with Total Equity near $28B–$29B range in mid-2025), providing a stable platform for capital deployment and potential growth.
  • Credit quality appears relatively stable. Provision for credit losses runs around $125M–$150M per quarter in recent periods, indicating modest and steady credit reserves without sharp upturns or spikes in provisioning.
  • Non-interest income provides diversification. Non-interest income generally sits in the mid-to-upper hundreds of millions per quarter, offering diversification to net interest income amid rate movements.
  • Earnings per share have shown some cooling. Basic EPS in Q4 2025 was about $4.66 (diluted $4.62), down modestly from Q4 2024 levels, indicating some near-term headwinds for per-share profitability despite positive cash flow.
  • Year-end cash balance pressured by large outflows. Net change in cash and equivalents was notably negative in Q4 2025 (roughly a $2.05B decrease), reflecting meaningful investing/financing activity and impacting liquidity timing.
  • Cash uses from capital returns in 2025 quarters. Share repurchases and debt-related cash outflows occurred in several quarters (e.g., repurchases of common equity around $404M in Q3 2025 and about $1.07B in Q2 2025), which can press near-term cash flow even as earnings are stabilizing.
05/16/26 09:32 PM ETAI Generated. May Contain Errors.

M&T Bank Financials - Frequently Asked Questions

According to the most recent income statement we have on file, M&T Bank's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

M&T Bank's net income appears to be on an upward trend, with a most recent value of $2.85 billion in 2025, rising from $1.08 billion in 2015. The previous period was $2.59 billion in 2024. See M&T Bank's forecast for analyst expectations on what's next for the company.

Over the last 10 years, M&T Bank's total revenue changed from $4.67 billion in 2015 to $9.69 billion in 2025, a change of 107.6%.

M&T Bank's total liabilities were at $184.33 billion at the end of 2025, a 2.9% increase from 2024, and a 72.9% increase since 2015.

In the past 10 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 $1.70 billion as of their latest financial filing in 2025.



Financial statements for NYSE:MTB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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