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M&T Bank MTB Commercial Bank — Indirect expense

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Other financials

Income statement

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Revenue$2.4B+5.9%
Net income$664.0M+13.7%
EPS (diluted)$4.13+24.4%

Balance sheet

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Cash & equivalents$16.3B-28.2%
Total debt$26.8B+97.7%
Total equity$28.0B-3.5%
Total assets$214.74B+2.1%

Cash flow

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Operating cash flow$1.0B+59.4%
CapEx$96.0M+284%
Free cash flow$916.0M+50.2%

Valuation

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Market cap$34.86B+12.2%
Enterprise value$45.33B-0.1%
P/E11.9×+0.4×
P/S3.6×+0.3×

Profitability

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Net margin29.8%+1.5pp
FCF margin32.2%-5.2pp

Returns & leverage

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Return on equity10.3%+0.9pp
Debt / equity+0.5×

Where this comes from

Reported directly by M&T Bank in its filing.

Tagged under the XBRL concept mtb:IndirectExpenseIncome.

The official record: M&T Bank’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is M&T Bank's commercial bank — indirect expense?
M&T Bank (MTB) reported commercial bank — indirect expense of $127M in Q1 2026.
How has M&T Bank's commercial bank — indirect expense changed year-over-year?
M&T Bank's commercial bank — indirect expense increased by 3.3% year-over-year, from $123M to $127M.
What is the long-term trend for M&T Bank's commercial bank — indirect expense?
Over 3 years (2022 to 2025), M&T Bank's commercial bank — indirect expense has grown at a 9.1% compound annual growth rate (CAGR), from $389M to $505M.
What does commercial bank — indirect expense mean?
This represents the allocation of corporate-level overhead costs, such as centralized IT, human resources, and executive management, to the commercial banking segment. It reflects the segment's share of the broader organization's support structure. It is essential for calculating the true fully-loaded profitability of the segment.