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M&T Bank MTB Commercial letters of credit

Commercial letters of credit at other companies

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Carriage ServicesCSV
$10.0%
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10.0%
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CitigroupC
$3.4B+9.7%

Other financials

Income statement

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Revenue$2.5B+5.7%
Net income$818.0M+14.2%
EPS (diluted)$5.32+25.5%

Balance sheet

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Cash & equivalents$16.3B-28.2%
Total debt$26.8B+97.7%
Total equity$27.9B-2.0%
Total assets$219.26B+3.6%

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$36.38B+25.5%
P/E12×+1.3×
P/S3.7×+0.6×

Profitability

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Net margin30.4%+1.8pp
FCF margin32.2%-5.2pp

Returns & leverage

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Return on equity10.7%+1.3pp
Debt / equity+0.5×

Where this comes from

Reported directly by M&T Bank in its filing.

Tagged under the XBRL concept mtb:CommitmentsRegardingCommercialLettersOfCredit.

The source filing: M&T Bank’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 11:33 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000036270-26-000034
(Dollars in millions)March 31,2026December 31,2025
Other residential real estate856679
Home equity lines of credit7,9107,974
Credit cards6,7396,601
Other554444
Standby letters of credit2,3822,318
Commercial letters of credit5372
Financial guarantees and indemnification contracts4,8484,751
Commitments to sell real estate loans1,4471,898

Item 1. Financial Statements (Unaudited).

FAQ

What is M&T Bank's commercial letters of credit?
M&T Bank (MTB) reported commercial letters of credit of $53M in Q1 2026.
How has M&T Bank's commercial letters of credit changed year-over-year?
M&T Bank's commercial letters of credit decreased by 0.0% year-over-year, from $53M to $53M.
What is the long-term trend for M&T Bank's commercial letters of credit?
Over 2 years (2023 to 2025), M&T Bank's commercial letters of credit has grown at a 7.8% compound annual growth rate (CAGR), from $62M to $72M.
What does commercial letters of credit mean?
This metric tracks the bank's contingent obligations to pay a third party on behalf of a commercial client if the client fails to meet their contractual obligations. These instruments are vital for facilitating international and domestic trade. They represent a fee-based revenue stream but also carry credit risk.

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