MTB · XBRL financial data
M&T Bank financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (MTB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 5,955 | 5,992 | 8,179 | 9,643 | — | — |
| Revenue from contracts with customers | — | — | 1,525 | 1,484 | 1,541 | 1,657 |
| Interest expense | 326 | 114 | 425 | 3,109 | — | — |
| Income tax expense (benefit) | 416 | 596 | 619 | 878 | 722 | 841 |
| Net income (loss) | 1,353 | 1,859 | 1,992 | 2,741 | 2,588 | 2,851 |
| Earnings per share, basic USD per share | 9.94 | 13.81 | 11.59 | 15.85 | 14.71 | 17.10 |
| Earnings per share, diluted USD per share | 9.94 | 13.80 | 11.53 | 15.79 | 14.64 | 17.00 |
| Weighted average shares, basic millions of shares | 129 | 129 | 163 | 166 | 166 | 158 |
| Weighted average shares, diluted millions of shares | 129 | 129 | 164 | 167 | 167 | 159 |
Balance sheet
CSVFiscal years (MTB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,553 | 1,338 | 1,520 | 1,731 | 1,909 | 18,769 |
| Property and equipment, net | 1,162 | 1,145 | 1,654 | 1,739 | 1,705 | 1,629 |
| Right-of-use asset | 413 | 380 | 616 | 616 | 569 | 544 |
| Goodwill | 4,593 | 4,593 | 8,490 | 8,465 | 8,465 | 8,465 |
| Total assets | 142,601 | 155,107 | 200,730 | 208,264 | 208,105 | 213,510 |
| Total deposits | 119,806 | 131,543 | 163,515 | 163,274 | 161,095 | 166,909 |
| Total liabilities | 126,414 | 137,204 | 175,412 | 181,307 | 179,078 | 184,333 |
| Retained earnings | 13,444 | 14,646 | 15,754 | 17,524 | 19,079 | 20,882 |
| Total stockholders' equity | 16,187 | 17,903 | 25,318 | 26,957 | 29,027 | 29,177 |
| Total liabilities and equity | 142,601 | 155,107 | 200,730 | 208,264 | 208,105 | 213,510 |
| Common shares outstanding (cover page) millions of shares | 129 | 129 | 168 | 167 | 164 | 149 |
Cash flows
CSVFiscal years (MTB's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1,353 | 1,859 | 1,992 | 2,741 | 2,588 | 2,851 |
| Depreciation and amortization | — | — | 282 | 304 | 316 | 323 |
| Net cash from operating activities | 789 | 2,715 | 4,574 | 3,905 | 3,610 | 3,003 |
| Net cash from investing activities | (22,020) | (13,632) | 16,593 | (7,874) | (550) | (6,816) |
| Share repurchases | 374 | — | 1,800 | 594 | 396 | 2,631 |
| Dividends paid | 568 | 580 | 784 | 868 | 895 | 899 |
| Proceeds from long-term debt | — | 10 | 999 | 5,035 | 5,497 | 3,533 |
| Repayments of long-term debt | 2,665 | 853 | 907 | 824 | 1,009 | 5,380 |
| Net cash from financing activities | 21,348 | 10,701 | (20,984) | 4,180 | (2,882) | 1,800 |
Compare with peers
SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| M&T Bank | 17,438 | 442 | 1,268* | 144.4M | 10-QJun 30, 2026 |
| State Street | 4,796 | 4,004 | 2,250* | 272.1M | 10-QSep 30, 2026 |
| Northern Trust | 6,444 | 1,373 | 1,825* | 181.1M | 10-QSep 30, 2026 |
| Huntington Bancshares | 2,377 | 484 | 773* | 2.0B | 10-QSep 30, 2026 |
| Fifth Third Bancorp | 4,086 | not reported | 835* | 903.6M | 10-QSep 30, 2026 |
| Regions Financial | 9,926 | not reported | 369* | 851.9M | 10-QJun 30, 2026 |
| Keycorp | 1,540 | 506 | 722* | 1.1B | 10-QSep 30, 2026 |
| Citizens Financial Group | 1,041 | 462 | 453* | 419.2M | 10-QSep 30, 2026 |
| First Citizens Bancshares | 1,519 | 2,432 | 1,043* | not reported | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.