Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
M&T Bank logo

M&T Bank Income Statement

Revenue, expenses, and profitability over time

M&T Bank generated $9.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $2.9B with a 29.83% net margin. Diluted EPS is $17.85, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$9.8BNet Income (TTM)$2.9BEps Diluted (TTM)$17.85
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$34.0B
P/E Ratio11.59
ROE10.29%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$790M$887M$813M$833M$809M$914M
Depreciation and amortization$81M$83M$81M$79M$80M$79M
Impairment charges—$3M$3M$10M—$3M
Occupancy and equipment$133M$132M$130M$129M$134M$133M
Other operating expenses$168M$118M$113M$136M$151M$101M
Professional fees$80M$84M$86M$81M$105M$93M
Provision for credit losses$140M$130M$105M$110M—$125M
Selling and marketing$30M$22M$25M$23M$32M$21M
Total operating expenses$1.4B$1.4B$1.3B$1.4B$1.4B$1.4B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.88$3.33$4.26$4.85$4.69$4.16
Diluted earnings per share$3.86$3.32$4.24$4.82$4.66$4.13
Weighted-average shares, basic166.5M164.2M159.2M155.6M157.9M149.2M
Weighted-average shares, diluted167.3M165M160M156.6M158.8M150.1M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets—$5M———$9M
Interest expense$979M$865M$896M$919M$858M$784M
Interest income$2.1B$2B$2.1B$2.1B$2.1B$2B
Net investment gains (losses)$18M$0$0$1M$1M$4M
Other income (expense), net—-$1M-$29M——-$26M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$882M$761M$935M$1B$971M$863M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$201M$177M$219M$233M$212M$199M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$681M$584M$716M$792M$759M$664M
Preferred stock dividends—$36M$35M$36M—$43M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$1.7B$1.7B$1.7B$1.8B$1.8B$1.8B
Net interest income after provision for credit losses$1.6B$1.6B$1.6B$1.6B$1.7B$1.6B
Total interest income$2.7B$2.6B$2.6B$2.7B$2.6B$2.5B
Total noninterest income$657M$611M$683M$752M$696M$689M
Total revenue$2.4B$2.3B$2.4B$2.5B$2.5B$2.4B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$13M$13M$9M$10M$10M$9M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—100K175K74.2K——
Brokerage Commissions Revenue$30M$32M$31M$34M$34M$35M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect—$2B———-$2.4B
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards (in shares)—164.5M159.6M155.9M—149.5M
Dividends declared (in dollars per share)—$1.35$1.35$1.50—$1.50
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$838M$841M$854M—$453M
Debt Securities, Unrealized Gain (Loss)—-$1.2B———-$925M
Deferred taxes-$14M-$6M-$16M-$16M—$14M
Dividends, Common Stock, Cash—$222M$214M$234M—$223M
Fair value election — residential mortgage loan servicing right—————$197M
FDIC assessments$24M$23M$22M$13M—$23M
Service charges on deposit accounts$131M$133M$137M$141M$140M$139M
Provision for credit losses$140M$130M$125M$125M$125M$140M
Gross charge-offs—$160M$156M$190M—$153M
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery)—$114M$108M$146M—$105M
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery—$46M$48M$44M—$48M
Amortized Cost—$517M$472M$356M—$558M
Prior—$44M$32M$20M—$36M
Term loan by year, year 4—$20M$22M$30M—$19M
Term loan by year, year 1—$1M$11M$13M—$0
Term loan by year, year 2—$17M$17M$36M—$18M
Term loan by year, year 3—$22M$21M$24M—$23M
Term loan by year, year 5—$12M$8M$8M—$15M
Percent of total loans—0.4%0.4%0.3%—0.4%
Gain Loss On Derivative Instruments Held For Trading Purposes Net—$9M$9M$16M—$16M
Gains Losses On Sales Of Assets$27M$5M$30M$44M$8M$9M
Interest Income Recognized—$18M$22M$27M—$12M
Income Attributable To Unvested Stock Based Compensation Awards Diluted—$1M$2M$2M—$1M
Income Attributable To Unvested Stock Based Compensation Awards Basic—$1M$2M$2M—$1M
Income Taxes Paid, Net$0$70M$80M$164M$215M$34M
Increase (Decrease) in Deposits—$4.3B———-$3.2B
Reduction in estimated fair value of interest rate contracts in asset position-$190M-$686M———-$362M
Reduction in estimated fair value of interest rate contracts in liability position—-$15M-$17M-$1M$0-$15M
Estimated fair value gain (loss)—-$1M$25M-$39M—$12M
Increase Decrease In Fair Value Of Nonrecurring Fair Value Measured Loans For Charge Offs And Impairment Reserves—$35M———$38M
Increase (Decrease) in Financial Instruments Used in Operating Activities—$157M$92M$67M$42M-$42M
Increase (Decrease) in Loan, Held-for-Sale—-$159M$229M——-$220M
Increase (Decrease) in Other Operating Assets and Liabilities, Net-$116M$140M-$193M-$85M—$97M
Add - Incremental shares under stock-based compensation plans (in shares)—$838K$784K$995K—$884K
Data processing and equipment$125M$136M$138M$138M$146M$144M
Interest and Dividend Income, Operating$2.7B$2.6B$2.6B$2.7B$2.6B$2.5B
Interest and Fee Income, Loans and Leases$2.1B$2B$2.1B$2.1B$2.1B$2B
Interest Expense, Long-Term Debt$162M$157M$157M$179M$175M$150M
Time deposits$159M$124M$123M$119M$109M$97M
Savings and interest-checking deposits$626M$552M$579M$589M$551M$483M
Deposits at banks$285M$218M$219M$198M$181M$149M
Interest Income (Expense), after Provision for Loan Loss$1.6B$1.6B$1.6B$1.6B$1.7B$1.6B
Interest Income (Expense), Operating$1.7B$1.7B$1.7B$1.8B$1.8B$1.8B
Interest Paid, Excluding Capitalized Interest, Operating Activity$1B$933M$811M$978M$802M$862M
Investment securities$323M$336M$334M$377M$382M$393M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$4.3B$1.7B$28M—$1.3B$891M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$6.9B-$349M-$2.6B$0-$3.8B-$4.3B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.7B$635M$844M$1B$523M$1B
Net Change In Accrued Interest Receivable Payable—$63M—$73M—$62M
Net Income Loss Available To Common Stockholders Basic Before Unvested Stock Based Compensation Awards Adjustment—$548M$681M$756M—$621M
Net income available to common equity—$548M$681M$756M—$621M
Net change in loan servicing advances—-$279M-$433M-$199M—-$280M
Net change in short-term borrowings—$513M$498M——$5.7B
Noninterest Expense$1.4B$1.4B$1.3B$1.4B$1.4B$1.4B
Mortgage banking revenues$117M$118M$130M$147M$155M$127M
Trust income$175M$177M$182M$181M$184M$183M
Number of operating segments—————3.00
Number of reportable segments—————3.00
Unrealized gains (losses) on available-for-sale securities—$147M$67M$60M—-$149M
Unrealized gains (losses) on hedge instruments—$108M$56M$5M—-$60M
Foreign currency translation gains (losses)—$1M$3M-$1M—-$1M
Other comprehensive income/(loss)—$254M$125M$62M—-$211M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—$2M$1M$2M—$1M
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 for (Proceeds from) Productive Assets—$25M$26M$36M—$96M
Payments for Repurchase of Common Stock$198M$656M$1.1B$404M$502M$1.2B
Payments for Repurchase of Redeemable Preferred Stock$87.5M$0——$0$400M
Payments of Ordinary Dividends, Common Stock$224M$225M$213M$233M$228M$227M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$31M$41M$30M$41M$34M$48M
Payments to Acquire Debt Securities, Available-for-Sale$3.3B$2.6B$1.9B$3.1B$878M$5.9B
Payments To Acquire Equity And Other Securities Investments—$138M$163M$62M—$579M
Advances on loans receivable—$68M$297M$318M—$0
U.K. pension settlement expense—$50M$40M$38M—$50M
Debt issued (Note 13)$1.5B$743M$2B$747M$0$508M
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$314M$848M$313M$319M$286M$315M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$817M$820M$1.3B$1.6B$812M$1.2B
Proceeds From Payments For In Interest Bearing Deposits In Banks—$0-$424M$2.5B——
Financing — other$18M-$1M-$29M——-$26M
Sale of investments$109M$0$0$0$48M$2.5B
Equity and other securities—$159M$145M$76M—$322M
Loans$32M$93M$687M$34M$94M$6M
Repayments of Long-Term Debt$331M$3B$215M$215M$2B$212M
Revenue From Contract With Customer Excluding Assessed Tax$392M$397M$417M$423M$420M$418M
Servicing Asset At Fair Value Additions—————$8M
Changes in valuation inputs or assumptions—————-$17M
Changes in fair value included in Mortgage banking revenues (a)—————-$16M
Stock-based compensation transactions, net—$46M$22M$28M—$61M
Taxable-equivalent adjustment—$12M$9M$12M—$11M
Transfer To Other Real Estate$3M$5M$6M$2M$2M$5M
Treasury stock, value, acquired—$662M$1.1B$409M—$1.3B
Unvested Stock Based Compensation Awards—311K338K327K—262K

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)$162M$157M$157M$179M$175M$150M