Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
M&T Bank logo

M&T Bank Business Segments

Business, geographic, and product segment breakdowns

M&T Bank generates $9.8B in annual revenue across 4 key segments: Brokerage services income ($134.0M), Merchant discount and credit card interchange fees ($173.0M), Service charges on deposit accounts ($557.0M), and Trust income ($730.0M). Based on the Q1 2026 filing.

Brokerage services income (TTM)$134.0MMerchant discount and credit card interchange fees (TTM)$173.0MService charges on deposit accounts (TTM)$557.0MTrust income (TTM)$730.0M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$34.0B
P/E Ratio11.59
ROE10.29%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Trust income$175M$177M$182M$181M$184M$183M
Service charges on deposit accounts$131M$133M$137M$141M$140M$139M
Merchant discount and credit card interchange fees$41M$37M$46M$47M$43M$37M
Brokerage services income$30M$32M$31M$34M$34M$35M

Business Segments

Average total assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank—$79.4B$78.5B$78.2B—$78.8B
All Other—$70.5B$71.5B$70.8B$122M$71.5B
Retail Bank$272M$54.4B$56B$57.7B$686M$58.8B
Institutional Services and Wealth Management$65M$4.1B$4.3B$4.4B$65M$4.7B

Depreciation and amortization of premises and equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$53M$56M$51M$50M$50M$49M
Retail Bank$63M$62M$60M$59M$60M$36M
Commercial Bank$10M$10M$11M$11M$10M$10M
Institutional Services and Wealth Management$3M$2M$2M$2M$2M$2M

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank47400000000.0%46500000000.0%50300000000.0%50200000000.0%46100000000.0%46000000000.0%
Commercial Bank31000000000.0%31500000000.0%31300000000.0%31000000000.0%29000000000.0%33900000000.0%
Institutional Services and Wealth Management$169M$162M$172M$190M$150M$151M
All Other-$71M-$181M-$53M$23M—-$87M

Income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$122M$118M$128M$126M$117M$116M
Commercial Bank$84M$84M$82M$82M$76M$89M
All Other-$48M-$66M-$35M-$23M-$20M-$45M
Institutional Services and Wealth Management$43M$41M$44M$48M$39M$39M

Indirect expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other-$493M-$483M-$503M-$502M-$488M-$496M
Retail Bank$297M$279M$292M$297M$293M$289M
Commercial Bank$112M$123M$129M$127M$126M$127M
Institutional Services and Wealth Management$84M$81M$82M$78M$69M$80M

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$352M$347M$375M$376M$344M$344M
Commercial Bank$226M$231M$231M$228M$214M$250M
Institutional Services and Wealth Management$126M$121M$128M$142M$111M$112M
All Other-$23M-$115M-$18M$46M$90M-$42M

Net Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$1B$972M$988M$999M$988M$950M
Commercial Bank$560M$529M$531M$539M$553M$535M
Institutional Services and Wealth Management$183M$171M$166M$163M$155M$156M
All Other-$55M$23M$28M$60M$83M$111M

Noninterest income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Institutional Services and Wealth Management$207M$209M$225M$244M$229M$221M
Retail Bank$204M$208M$234M$249M$230M$217M
Commercial Bank$185M$173M$205M$209M$208M$193M
All Other$61M$21M$19M$50M$29M$58M

Other direct expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$212M$206M$205M$199M$207M$211M
Retail Bank$123M$99M$95M$116M$115M$103M
Commercial Bank$82M$67M$73M$68M$74M$78M
Institutional Services and Wealth Management$27M$26M$26M$25M$52M$35M

Provision for Credit Losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$86M$79M$71M$70M$87M$82M
All Other—$12M-$8M-$17M-$67M$29M
Commercial Bank$73M$36M$60M$72M$105M$29M
Institutional Services and Wealth Management$0$3M$2M$0$0$0

Salaries and employee benefits

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$324M$434M$355M$357M$340M$463M
Retail Bank$201M$196M$201M$204M$202M$197M
Commercial Bank$158M$151M$150M$160M$156M$145M
Institutional Services and Wealth Management$107M$106M$107M$112M$111M$109M

Total Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other$0$44M$47M$110M$112M$169M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Bank$5.1B———$5.1B—
Institutional Services and Wealth Management$300M———$300M—
Retail Bank$3.1B———$3.1B—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Retail Bank$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Commercial Bank$745M$702M$736M$748M$761M$728M
Institutional Services and Wealth Management$390M$380M$391M$407M$384M$377M