M&T Bank Corporation (MTB-PJ) — Financial statements
Income statement, balance sheet, and cash flow for M&T Bank Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,309↓8.2% | 13,405↑7.2% | 12,507↑48.2% | 8,438↑38.9% | 6,076 | |
| Cost of Revenue | 3,124↓34.7% | 4,784↑27.4% | 3,754↑298.5% | 942↑2315.4% | 39 | |
| Gross Profit | 9,185↑6.5% | 8,621↓1.5% | 8,753↑16.8% | 7,496↑24.2% | 6,037 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 3,132↓4.3% | 3,274↑5.1% | 3,115↑8.3% | 2,877↑36.0% | 2,116 | |
| Selling & Marketing Expenses | 110↑5.8% | 104↓3.7% | 108↑20.0% | 90↑40.6% | 64 | |
| SG&A Expenses | 3,242↓4.0% | 3,378↑4.8% | 3,223↑8.6% | 2,967↑36.1% | 2,180 | |
| Other Expenses | 2,251↑16.5% | 1,933↑1.2% | 1,911↓0.3% | 1,917↑36.7% | 1,402 | |
| Operating Expenses | 5,493↑3.4% | 5,311↑3.4% | 5,134↑5.1% | 4,884↑36.3% | 3,582 | |
| Total Costs & Expenses | 8,617↓14.6% | 10,095↑13.6% | 8,888↑52.6% | 5,826↑60.9% | 3,621 | |
| Operating Results | ||||||
| Operating Income | 3,692↑11.5% | 3,310↓8.5% | 3,619↑38.6% | 2,612↑6.4% | 2,455 | |
| Depreciation & Amortization | 264↓48.0% | 508↑2.2% | 497↑14.3% | 435↑34.3% | 324 | |
| EBITDA | 3,956↑3.6% | 3,818↓7.2% | 4,116↑35.1% | 3,047↑9.6% | 2,779 | |
| EBIT | 3,692↑11.5% | 3,310↓8.5% | 3,619↑38.6% | 2,612↑6.4% | 2,455 | |
| Interest & Other Income | ||||||
| Net Interest Income | 6,948↑1.4% | 6,852↓3.7% | 7,115↑22.2% | 5,822↑52.2% | 3,825 | |
| Interest Income | 10,486↓4.9% | 11,026↑7.8% | 10,224↑63.7% | 6,247↑58.6% | 3,939 | |
| Interest Expense | 3,538↓15.2% | 4,174↑34.3% | 3,109↑631.5% | 425↑272.8% | 114 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 3,692↑11.5% | 3,310↓8.5% | 3,619↑38.6% | 2,612↑6.4% | 2,455 | |
| Income Tax Expense | 841↑16.5% | 722↓17.8% | 878↑41.6% | 620↑4.0% | 596 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,851↑10.2% | 2,588↓5.6% | 2,741↑37.6% | 1,992↑7.2% | 1,859 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,851↑10.2% | 2,588↓5.6% | 2,741↑37.6% | 1,992↑7.2% | 1,859 | |
| Bottom-Line Net Income | 2,739↑11.8% | 2,449↓7.1% | 2,636↑39.4% | 1,891↑6.4% | 1,777 | |
| EPS (Basic) | 17.10↑16.2% | 14.71↓7.2% | 15.85↑36.8% | 11.59↓16.1% | 13.81 | |
| EPS (Diluted) | 17.00↑16.1% | 14.64↓7.3% | 15.79↑36.9% | 11.53↓16.4% | 13.80 | |
| Weighted Average Shares | 163↓1.9% | 166↑0.1% | 166↑2.0% | 163↑26.8% | 129 | |
| Weighted Average Diluted Shares | 157↓6.4% | 167↑0.2% | 167↑1.8% | 164↑27.3% | 129 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.