Skip to content
OpenCapital
Get started

M&T Bank MTB Retail Bank — Merchant Discount And Credit Card Interchange Fees

Discontinued — last reported Q1 '24

Similar metrics at other companies

Commerce Bancshares logo
CBSHBank card transaction fees — Non-interest income
$45.59M0.0%
Cullen/Frost Bankers logo
CFRBank — Interchange and card transaction fees
$6.53M+20.9%
Citigroup logo
CInterchange fees — Commissions and fees revenue
$3.02B+6.3%
Bank of America logo
BACCard Income, Interchange Fees and Merchant Income — Interchange fees, gross and merchant income
$3.4B+3.0%
Bank of America logo
BACCard Income Interchange Fees — Card income and service charges
$865M-5.6%
Ally Financial logo
ALLYBanking fees and interchange income — Revenue from contracts with customers
$5M-73.7%

Other financials

Income statement

See full
Revenue$2.4B+5.9%
Net income$664.0M+13.7%
EPS (diluted)$4.13+24.4%

Balance sheet

See full
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

See full
Operating cash flow$1.0B+59.4%
CapEx$96.0M+284%
Free cash flow$916.0M+50.2%

Valuation

See full
Market cap$32.97B+4.5%
Enterprise value$43.45B+104%
P/E11.3×-0.7×
P/S3.4×0.0×

Profitability

See full
Net margin29.8%+1.5pp
FCF margin32.2%-5.2pp

Returns & leverage

See full
Return on equity10.3%+0.9pp
Debt / equity1×+0.5×

Where this comes from

Reported directly by M&T Bank in its filing.

Tagged under the XBRL concept mtb:MerchantDiscountAndCreditCardInterchangeFees.

The official record: M&T Bank’s 10-Q, filed May 3, 2024, on SEC EDGAR. View the filing →

Ask your AI about M&T Bank's retail bank — merchant discount and credit card interchange fees.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is M&T Bank's retail bank — merchant discount and credit card interchange fees?
M&T Bank (MTB) reported retail bank — merchant discount and credit card interchange fees of $20M in Q1 2024.
How has M&T Bank's retail bank — merchant discount and credit card interchange fees changed year-over-year?
M&T Bank's retail bank — merchant discount and credit card interchange fees decreased by 0.0% year-over-year, from $20M to $20M.
What does retail bank — merchant discount and credit card interchange fees mean?
This represents the noninterest income earned by the retail banking segment from processing merchant transactions and credit card interchange fees. It is a key component of fee-based revenue generated from the bank's payment services and cardholder activity.