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M&T Bank MTB Retail Bank — Income taxes

Other segment segments

Commercial Bank
$89M+6.0%
All Other
-$45M+31.8%
Institutional Services and Wealth Management
$39M-4.9%

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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 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 retail bank — income taxes?
M&T Bank (MTB) reported retail bank — income taxes of $116M in Q1 2026.
How has M&T Bank's retail bank — income taxes changed year-over-year?
M&T Bank's retail bank — income taxes decreased by 1.7% year-over-year, from $118M to $116M.
What is the long-term trend for M&T Bank's retail bank — income taxes?
Over 4 years (2021 to 2025), M&T Bank's retail bank — income taxes has grown at a 16.4% compound annual growth rate (CAGR), from $266M to $489M.
What does retail bank — income taxes mean?
This represents the portion of the retail banking segment's pre-tax income that is allocated to income tax expense. It reflects the tax burden associated with the segment's earnings, influenced by statutory tax rates and specific tax adjustments. This metric is necessary to derive the net income contribution of the retail segment to the consolidated bank.