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M&T Bank MTB Institutional Services and Wealth Management — Income taxes

Other segment segments

Retail Bank
$116M-1.7%
Commercial Bank
$89M+6.0%
All Other
-$45M+31.8%

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$304K+10.9%
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WFCWealth And Investment Management — Income tax expense (benefit)
$155M+58.2%
Hawthorn Bancshares logo
HWBKWealth Management — Income Tax
$0
OFG Bancorp logo
OFGWealth Management — Income Tax
$0-100%
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RFWealth Management — Income Tax
$15M+15.4%

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 us-gaap:IncomeTaxExpenseBenefit.

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 institutional services and wealth management — income taxes?
M&T Bank (MTB) reported institutional services and wealth management — income taxes of $39M in Q1 2026.
How has M&T Bank's institutional services and wealth management — income taxes changed year-over-year?
M&T Bank's institutional services and wealth management — income taxes decreased by 4.9% year-over-year, from $41M to $39M.
What is the long-term trend for M&T Bank's institutional services and wealth management — income taxes?
Over 4 years (2021 to 2025), M&T Bank's institutional services and wealth management — income taxes has grown at a 45.9% compound annual growth rate (CAGR), from $38M to $172M.
What does institutional services and wealth management — income taxes mean?
This represents the tax expense allocated to the institutional services and wealth management segment based on its pre-tax income. It reflects the segment's contribution to the bank's overall tax liability.