M&T Bank (MTB) financial statements
M&T Bank reported revenue of $1.7B in fiscal 2025, down 12.1% a year over 9 years.
Net income was $2.9B.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from M&T Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3B | $5.6B | $5.9B | $6.2B | $6.0B | $6.0B | $1.5B | $1.5B | $1.5B | $1.7B |
| Interest expense | $426M | $387M | $526M | $749M | $326M | $114M | $425M | $3.1B | — | — |
| Pre-tax income | $2.1B | $2.3B | $2.5B | $2.5B | $1.8B | $2.5B | $2.6B | $3.6B | $3.3B | $3.7B |
| Income tax | $743M | $916M | $590M | $618M | $416M | $596M | $620M | $878M | $722M | $841M |
| Net income | $1.3B | $1.4B | $1.9B | $1.9B | $1.4B | $1.9B | $2.0B | $2.7B | $2.6B | $2.9B |
| EPS (diluted) | $7.78 | $8.70 | $12.74 | $13.75 | $9.94 | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 |
| Diluted shares | 157M | 153M | 144M | 134M | 129M | 129M | 164M | 167M | 167M | 159M |
| Net margin | 24.8% | 25.0% | 32.4% | 31.2% | 22.7% | 31.0% | 130.6% | 184.7% | 167.9% | 172.1% |
Balance sheet
Fiscal years, from M&T Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $1.4B | $1.6B | $1.4B | $1.6B | $1.3B | $26.5B | $29.8B | $20.8B | $18.8B |
| Property, plant and equipment | $675M | $646M | $647M | $1.1B | $1.2B | $1.1B | $1.7B | $1.7B | $1.7B | $1.6B |
| Goodwill | $4.6B | $4.6B | $4.6B | $4.6B | $4.6B | $4.6B | $8.5B | $8.5B | $8.5B | $8.5B |
| Total assets | $123.4B | $118.6B | $120.1B | $119.9B | $142.6B | $155.1B | $200.7B | $208.3B | $208.1B | $213.5B |
| Total liabilities | $107.0B | $102.3B | $104.6B | $104.2B | $126.4B | $137.2B | $175.4B | $181.3B | $179.1B | $184.3B |
| Shareholders' equity | $16.5B | $16.3B | $15.5B | $15.7B | $16.2B | $17.9B | $25.3B | $27.0B | $29.0B | $29.2B |
| Net debt | -$1.3B | -$1.4B | -$1.6B | -$1.4B | -$1.6B | -$1.3B | -$26.5B | -$29.8B | -$20.8B | -$18.8B |
Cash flow
Fiscal years, from M&T Bank's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $2.8B | $2.1B | $2.4B | $789M | $2.7B | $4.6B | $3.9B | $3.6B | $3.0B |
| Capital spending | $108M | $79M | $98M | $178M | $172M | $149M | $214M | $256M | — | — |
| Free cash flow | $1.1B | $2.7B | $2.0B | $2.2B | $617M | $2.6B | $4.4B | $3.6B | — | — |
| Stock-based compensation | $65M | $61M | $66M | $76M | $80M | $85M | $111M | $118M | $116M | $136M |
| Dividends paid | $442M | $457M | $510M | $552M | $568M | $580M | $784M | $868M | $895M | $899M |
| Share buybacks (net) | -$641M | -$1.2B | -$2.2B | -$1.3B | -$374M | — | -$1.8B | -$594M | -$396M | -$2.6B |
| Net borrowing | -$3.1B | -$1.3B | $4.5B | -$1.6B | -$2.7B | -$843M | $92M | $4.2B | $4.5B | -$1.8B |
| Free cash flow margin | 20.3% | 48.0% | 33.6% | 35.2% | 10.4% | 42.8% | 285.9% | 245.9% | — | — |
| Dividends per share | $2.81 | $3.00 | $3.54 | $4.11 | $4.41 | $4.50 | $4.78 | $5.20 | $5.35 | $5.66 |
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Open MTB in InvestinglyQuestions
What was M&T Bank's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
From M&T Bank's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.