Income StatementBalance SheetCash FlowSegments
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M&T Bank Business Segments

Business, geographic, and product segment breakdowns

M&T Bank generates $9.8B in annual revenue across 4 key segments: Brokerage services income ($134.0M), Merchant discount and credit card interchange fees ($173.0M), Service charges on deposit accounts ($557.0M), and Trust income ($730.0M). Based on the Q1 2026 filing.

Brokerage services income (TTM)$134.0MMerchant discount and credit card interchange fees (TTM)$173.0MService charges on deposit accounts (TTM)$557.0MTrust income (TTM)$730.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$30.2B
P/E Ratio10.31
ROE10.29%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Trust income$175.0M$177.0M$182.0M$181.0M$184.0M$183.0M
Service charges on deposit accounts$131.0M$133.0M$137.0M$141.0M$140.0M$139.0M
Merchant discount and credit card interchange fees$41.0M$37.0M$46.0M$47.0M$43.0M$37.0M
Brokerage services income$30.0M$32.0M$31.0M$34.0M$34.0M$35.0M

Business Segments

Average total assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank—$79.4B$78.5B$78.2B—$78.8B
All Other—$70.5B$71.5B$70.8B—$71.5B
Retail Bank—$54.4B$56.0B$57.7B—$58.8B
Institutional Services and Wealth Management—$4.1B$4.3B$4.4B—$4.7B

Depreciation and amortization of premises and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$53.0M$56.0M$51.0M$50.0M$50.0M$49.0M
Retail Bank$63.0M$62.0M$60.0M$59.0M$60.0M$36.0M
Commercial Bank$10.0M$10.0M$11.0M$11.0M$10.0M$10.0M
Institutional Services and Wealth Management$3.0M$2.0M$2.0M$2.0M$2.0M$2.0M

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank47400000000.0%46500000000.0%50300000000.0%50200000000.0%46100000000.0%46000000000.0%
Commercial Bank31000000000.0%31500000000.0%31300000000.0%31000000000.0%29000000000.0%33900000000.0%
Institutional Services and Wealth Management$169.0M$162.0M$172.0M$190.0M$150.0M$151.0M
All Other-$71.0M-$181.0M-$53.0M$23.0M—-$87.0M

Income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$122.0M$118.0M$128.0M$126.0M$117.0M$116.0M
Commercial Bank$84.0M$84.0M$82.0M$82.0M$76.0M$89.0M
All Other-$48.0M-$66.0M-$35.0M-$23.0M-$20.0M-$45.0M
Institutional Services and Wealth Management$43.0M$41.0M$44.0M$48.0M$39.0M$39.0M

Indirect expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other-$493.0M-$483.0M-$503.0M-$502.0M-$488.0M-$496.0M
Retail Bank$297.0M$279.0M$292.0M$297.0M$293.0M$289.0M
Commercial Bank$112.0M$123.0M$129.0M$127.0M$126.0M$127.0M
Institutional Services and Wealth Management$84.0M$81.0M$82.0M$78.0M$69.0M$80.0M

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$352.0M$347.0M$375.0M$376.0M$344.0M$344.0M
Commercial Bank$226.0M$231.0M$231.0M$228.0M$214.0M$250.0M
Institutional Services and Wealth Management$126.0M$121.0M$128.0M$142.0M$111.0M$112.0M
All Other-$23.0M-$115.0M-$18.0M$46.0M$90.0M-$42.0M

Net Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$1.0B$972.0M$988.0M$999.0M$988.0M$950.0M
Commercial Bank$560.0M$529.0M$531.0M$539.0M$553.0M$535.0M
Institutional Services and Wealth Management$183.0M$171.0M$166.0M$163.0M$155.0M$156.0M
All Other-$55.0M$23.0M$28.0M$60.0M$83.0M$111.0M

Noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Institutional Services and Wealth Management$210.0M$209.0M$225.0M$244.0M$229.0M$221.0M
Retail Bank$290.0M$208.0M$234.0M$249.0M$230.0M$217.0M
Commercial Bank$268.0M$173.0M$205.0M$209.0M$208.0M$193.0M
All Other$61.0M$21.0M$19.0M$50.0M$29.0M$58.0M

Other direct expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$212.0M$206.0M$205.0M$199.0M$207.0M$211.0M
Retail Bank$123.0M$99.0M$95.0M$116.0M$115.0M$103.0M
Commercial Bank$82.0M$67.0M$73.0M$68.0M$74.0M$78.0M
Institutional Services and Wealth Management$27.0M$26.0M$26.0M$25.0M$52.0M$35.0M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$86.0M$79.0M$71.0M$70.0M$87.0M$82.0M
All Other—$12.0M-$8.0M-$17.0M-$67.0M$29.0M
Commercial Bank$73.0M$36.0M$60.0M$72.0M$105.0M$29.0M
Institutional Services and Wealth Management$0.0$3.0M$2.0M$0.0$0.0$0.0

Salaries and employee benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$324.0M$434.0M$355.0M$357.0M$340.0M$463.0M
Retail Bank$201.0M$196.0M$201.0M$204.0M$202.0M$197.0M
Commercial Bank$158.0M$151.0M$150.0M$160.0M$156.0M$145.0M
Institutional Services and Wealth Management$107.0M$106.0M$107.0M$112.0M$111.0M$109.0M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$0.0$44.0M$47.0M$110.0M$112.0M$169.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$5.1B———$5.1B—
Institutional Services and Wealth Management$300.0M———$300.0M—
Retail Bank$3.1B———$3.1B—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Commercial Bank$745.0M$702.0M$736.0M$748.0M$761.0M$728.0M
Institutional Services and Wealth Management$390.0M$380.0M$391.0M$407.0M$384.0M$377.0M