Discontinued — last reported Q4 '22
Business Segments · Income Tax Expense Benefit
Residential Mortgage Banking — Income Tax Expense Benefit
M&T Bank Residential Mortgage Banking — Income Tax Expense Benefit remained flat by 0.0% to $241K in Q4 2022 compared to the prior quarter. Year-over-year, this metric declined by 98.2%, from $13.06M to $241K.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ4 2022Feb 22, 2023
Rolls up toIncome Tax
How to read this metric
Changes often track with fluctuations in segment pre-tax income, though shifts in effective tax rates can also influence this figure.
Detailed definition
This represents the portion of the total income tax expense or benefit allocated specifically to the residential mortgag...
Peer comparison
Standard segment tax allocation consistent with GAAP reporting for diversified financial institutions.
Metric ID:
mtb_segment_residential_mortgage_banking_income_tax_expense_benefitHistorical Data
2 years
| FY'21 | FY'22 | |
|---|---|---|
| Value | $52.25M | $964K |
| YoY Change | — | -98.2% |
Range$964K – $52.25M
Avg YoY Growth-98.2%
Median YoY Growth-98.2%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is M&T Bank's residential mortgage banking — income tax expense benefit?
- M&T Bank (MTB) reported residential mortgage banking — income tax expense benefit of $241K in Q4 2022.
- How has M&T Bank's residential mortgage banking — income tax expense benefit changed year-over-year?
- M&T Bank's residential mortgage banking — income tax expense benefit decreased by 98.2% year-over-year, from $13.06M to $241K.
- What does residential mortgage banking — income tax expense benefit mean?
- The income tax cost or benefit attributed to the residential mortgage banking segment.