Discontinued — last reported Q3 '23
Business Segments · Net Income Loss
Residential Mortgage Banking — Net Income Loss
M&T Bank Residential Mortgage Banking — Net Income Loss increased by 3.2% to -$14.42M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 339.3%, from -$3.28M to -$14.42M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ3 2023
Rolls up toNet Income
How to read this metric
Higher net income indicates a more profitable and efficient mortgage operation.
Detailed definition
This represents the bottom-line profitability of the residential mortgage banking segment after accounting for all reven...
Peer comparison
Standard 'Segment Net Income' reported by most large financial institutions.
Metric ID:
mtb_segment_residential_mortgage_banking_net_income_lossHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $30.10M | $46.08M | $47.17M | $28.96M | $9.35M | -$3.28M | -$12.35M | -$14.90M | -$14.42M |
| QoQ Change | — | +53.1% | +2.4% | -38.6% | -67.7% | -135.1% | -276.3% | -20.6% | +3.2% |
| YoY Change | — | — | — | — | -68.9% | -107.1% | -142.7% | -259.4% | -339.3% |
Range-$14.90M – $47.17M
CAGR-30.8%
Avg YoY Growth-183.5%
Median YoY Growth-142.7%
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Frequently Asked Questions
- What is M&T Bank's residential mortgage banking — net income loss?
- M&T Bank (MTB) reported residential mortgage banking — net income loss of -$14.42M in Q3 2023.
- How has M&T Bank's residential mortgage banking — net income loss changed year-over-year?
- M&T Bank's residential mortgage banking — net income loss decreased by 339.3% year-over-year, from -$3.28M to -$14.42M.
- What does residential mortgage banking — net income loss mean?
- The final profit or loss generated by the residential mortgage division after all expenses.