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M&T Bank MTB Retail 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 retail bank — indirect expense?
M&T Bank (MTB) reported retail bank — indirect expense of $289M in Q1 2026.
How has M&T Bank's retail bank — indirect expense changed year-over-year?
M&T Bank's retail bank — indirect expense increased by 3.6% year-over-year, from $279M to $289M.
What is the long-term trend for M&T Bank's retail bank — indirect expense?
Over 3 years (2022 to 2025), M&T Bank's retail bank — indirect expense has grown at a 7.7% compound annual growth rate (CAGR), from $929M to $1.16B.
What does retail bank — indirect expense mean?
Indirect expenses represent the retail banking segment's allocated share of corporate overhead, such as IT infrastructure, legal, compliance, and executive management costs. These are costs incurred at the enterprise level but attributed to the retail segment to determine its true fully-loaded profitability. This metric is crucial for assessing the segment's contribution to the overall bank's bottom line.