Skip to content
OpenCapital
Get started
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)-$699.0MCapital Expenditures (TTM)$214.0MDepreciation And Amortization Cf (TTM)$319.0MNet Change In Cash (TTM)-$7.0B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$34.0B
P/E Ratio11.59
ROE10.29%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of intangible assets$13M$13M$9M$10M$10M$9M
Other working capital changes-$116M$140M-$193M-$85M—$97M
Deferred income taxes-$14M-$6M-$16M-$16M—$14M
Depreciation and amortization$81M$83M$81M$79M$80M$79M
Impairment charges$33M$3M$3M$10M$2M$3M
Loans held for sale activity—-$159M$229M—$369M-$220M
Net cash from operating activities$1.7B$635M$844M$1B$523M$1B
Net income$681M$584M$716M$792M$759M$664M
Amortization of capitalized software and acquired intangible assets$13M$13M$9M$10M$10M$9M
Asset write-downs$33M$3M$3M$10M$2M$3M
Provision for credit losses$140M$130M$125M$125M$125M$140M
Gain (Loss) on Disposition of Assets for Financial Service Operations$27M$5M$30M$44M$8M$9M
Increase (Decrease) in Financial Instruments Used in Operating Activities—$157M$92M$67M$42M-$42M
Increase (Decrease) in Loan, Held-for-Sale—-$159M$229M—$369M-$220M
Net Change In Accrued Interest Receivable Payable$27M$63M—$73M—$62M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$85M$25M$26M$36M$56M$96M
Net change in loan servicing advances-$212M-$279M-$433M-$199M-$139M-$280M
Payments For Proceeds From Loans And Leases$322M-$678M$1.9B$823M$1.7B$1.6B
Payment for (Proceeds from) Other Investing Activity$689M-$134M-$85M——$180M
Payments To Acquire Equity And Other Securities Investments$69M$138M$163M$62M$225M$579M
Payments to Acquire Loans Receivable$0$68M$297M$318M$0$0
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$817M$820M$1.3B$1.6B$812M$1.2B
Sale of investments$109M$0$0$0$48M$2.5B
Equity and other securities$174M$159M$145M$76M$198M$322M
Loans$32M$93M$687M$34M$94M$6M
Change in mortgage loans$0$68M$297M$318M$0$0
Net cash from investing activities-$6.9B-$349M-$2.6B$0-$3.8B-$4.3B
Net change in loans and leases$322M-$678M$1.9B$823M$1.7B$1.6B
Other investing activities$689M-$134M-$85M——$180M
Proceeds from maturities/sales of investments$109M$0$0$0$48M$2.5B
Purchases of investments$3.3B$2.6B$1.9B$3.1B$878M$5.9B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$1.5B$743M$2B$747M$0$508M
Repayments of debt$331M$3B$215M$215M$2B$212M
Dividends paid$224M$225M$213M$233M$228M$227M
Dividends paid on preferred stock$31M$41M$30M$41M$34M$48M
Increase (Decrease) in Deposits-$3.5B$4.3B——$3.5B-$3.2B
Net change in short-term borrowings-$1.5B$513M$498M$0$90M$5.7B
Payments For Repurchase Of Redeemable Preferred Stock$87.5M$0——$0$400M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$31M$41M$30M$41M$34M$48M
Other, net$18M-$1M-$29M——-$26M
Net cash from financing activities-$4.3B$1.7B$28M—$1.3B$891M
Net change in deposits-$3.5B$4.3B——$3.5B-$3.2B
Other financing activities$18M-$1M-$29M——-$26M
Redemption of preferred stock$87.5M$0——$0$400M
Repurchases of common stock$198M$656M$1.1B$404M$502M$1.2B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.6B$610M$818M$965M$467M$916M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$0$70M$80M$164M$215M$34M
Interest paid$1B$933M$811M$978M$802M$862M
Income Taxes Paid, Net$0$70M$80M$164M$215M$34M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$9.5B$2B——-$2.1B-$2.4B
Amortization of Mortgage Servicing Rights (MSRs)$35M$34M$34M$33M$32M$9M
Proceeds From Interest Received$2.8B$2.6B$2.6B$2.7B$2.7B$2.6B
Leased assets obtained in exchange for operating lease liabilities$39M$14M$43M$18M$31M$70M