Income StatementBalance SheetCash FlowSegments
M&T Bank logo

M&T Bank Cash Flow Statement

Operating, investing, and financing cash movements

M&T Bank generated $3.4B in operating cash flow over the trailing twelve months. After $214.0M in capital expenditures, free cash flow was $3.2B. Free cash flow decreased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.4BNet Cash From Investing (TTM)-$10.8BNet Cash From Financing (TTM)$994.0MCapital Expenditures (TTM)$214.0MDepreciation And Amortization Cf (TTM)$319.0MNet Change In Cash (TTM)-$4.6B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$30.2B
P/E Ratio10.31
ROE10.29%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of intangible assets$13.0M$13.0M$9.0M$10.0M$10.0M$9.0M
Other working capital changes-$116.0M$140.0M-$193.0M-$85.0M—$97.0M
Deferred income taxes-$14.0M-$6.0M-$16.0M-$16.0M—$14.0M
Depreciation and amortization$81.0M$83.0M$81.0M$79.0M$80.0M$79.0M
Impairment charges$33.0M$3.0M$3.0M$10.0M$2.0M$3.0M
Change in financial instruments used in operating activities—$157.0M$92.0M$67.0M$42.0M-$42.0M
Loans held for sale activity—-$159.0M$229.0M-$67.0M$369.0M-$220.0M
Net cash from operating activities$1.7B$635.0M$844.0M$1.0B$523.0M$1.0B
Net income$681.0M$584.0M$716.0M$792.0M$759.0M$664.0M
Provision for credit losses—$130.0M$125.0M$125.0M$125.0M$140.0M
Gain (Loss) on Disposition of Assets for Financial Service Operations$27.0M$5.0M$30.0M$44.0M$8.0M$9.0M
Net Change In Accrued Interest Receivable Payable$27.0M$63.0M-$50.0M$73.0M—$62.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
ROU assets obtained - operating leases$39.0M$14.0M$43.0M$18.0M$31.0M$70.0M
Income taxes paid$0.0$70.0M$80.0M$164.0M$215.0M$34.0M
Interest paid$1.0B$933.0M$811.0M$978.0M$802.0M$862.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$85.0M$25.0M$26.0M$36.0M$56.0M$96.0M
Net change in loan servicing advances-$212.0M-$279.0M-$433.0M-$199.0M-$139.0M-$280.0M
Payments To Acquire Equity And Other Securities Investments$69.0M$138.0M$163.0M$62.0M$225.0M$579.0M
Equity and other securities$174.0M$159.0M$145.0M$76.0M$198.0M$322.0M
Change in mortgage loans$0.0$68.0M$297.0M$318.0M$0.0$0.0
Net cash from investing activities-$6.9B-$349.0M-$2.6B$1.0M-$3.8B-$4.3B
Net change in loans and leases$290.0M-$703.0M$1.9B$823.0M$1.7B$1.6B
Other investing activities$689.0M-$134.0M-$85.0M$21.0M—$180.0M
Proceeds from maturities/sales of investments$109.0M$0.0$0.0$0.0$48.0M$2.5B
Purchases of investments$3.3B$2.6B$1.9B$3.1B$878.0M$5.9B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$1.5B$743.0M$2.0B$747.0M$0.0$508.0M
Repayments of debt$331.0M$3.0B$215.0M$215.0M$2.0B$212.0M
Dividends paid$224.0M$225.0M$213.0M$233.0M$228.0M$227.0M
Dividends paid on preferred stock$31.0M$41.0M$30.0M$41.0M$34.0M$48.0M
Net change in short-term borrowings-$1.5B$513.0M$498.0M-$12.0M$90.0M$5.7B
Net cash from financing activities-$4.3B$1.7B$28.0M-$1.2B$1.3B$891.0M
Net change in deposits-$3.5B$4.3B-$957.0M-$1.0B$3.5B-$3.2B
Other financing activities$18.0M-$1.0M-$29.0M$5.0M—-$26.0M
Redemption of preferred stock$87.5M$0.0———$400.0M
Repurchases of common stock$198.0M$656.0M$1.1B$404.0M$502.0M$1.2B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.6B$610.0M$818.0M$965.0M$467.0M$916.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—$200.0M$19.0M-$178.0M-$2.1B-$2.4B