M&T Bank Corporation
NYSE:MTB
192.52 (USD) • At close July 16, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 13,405 | 12,507 | 8,438 | 6,076 | 6,281.156 | 6,941.272 | 6,454.711 | 6,018.938 | 5,721.867 | 4,995.881 | 4,736.15 | 4,838.665 | 4,630.466 | 4,399.23 | 3,863.663 | 3,799.201 | 4,254.023 | 4,468.867 | 4,359.945 | 3,738.412 | 3,241.701 | 2,957.66 | 2,354.03 | 2,579.311 | 2,097.456 | 1,761.006 | 1,622.4 | 1,258 | 1,167.6 | 1,077.7 | 871 | 851.2 | 889.9 | 851 | 713 | 627.5 | 0 | 0 | 0 | 0 |
| Cost of Revenue
| 4,784 | 3,754 | 942 | 39 | 1,126.395 | 925.329 | 658.409 | 554.751 | 615.984 | 498.257 | 404.431 | 469.105 | 547.169 | 672.331 | 830.269 | 1,273.449 | 1,749.795 | 1,886.576 | 1,576.552 | 1,082.351 | 659.16 | 658.81 | 716.514 | 1,047.097 | 956.597 | 763.731 | 730.8 | 554.1 | 509.7 | 482.2 | 339.7 | 349.9 | 408.6 | 503.6 | 454.4 | 399.7 | 0 | 0 | 0 | 0 |
| Gross Profit
| 8,621 | 8,753 | 7,496 | 6,037 | 5,154.761 | 6,015.943 | 5,796.302 | 5,464.187 | 5,105.883 | 4,497.624 | 4,331.719 | 4,369.56 | 4,083.297 | 3,726.899 | 3,033.394 | 2,525.752 | 2,504.228 | 2,582.291 | 2,783.393 | 2,656.061 | 2,582.541 | 2,298.85 | 1,637.516 | 1,532.214 | 1,140.859 | 997.275 | 891.6 | 703.9 | 657.9 | 595.5 | 531.3 | 501.3 | 481.3 | 347.4 | 258.6 | 227.8 | 0 | 0 | 0 | 0 |
| Gross Profit Ratio
| 0.643 | 0.7 | 0.888 | 0.994 | 0.821 | 0.867 | 0.898 | 0.908 | 0.892 | 0.9 | 0.915 | 0.903 | 0.882 | 0.847 | 0.785 | 0.665 | 0.589 | 0.578 | 0.638 | 0.71 | 0.797 | 0.777 | 0.696 | 0.594 | 0.544 | 0.566 | 0.55 | 0.56 | 0.563 | 0.553 | 0.61 | 0.589 | 0.541 | 0.408 | 0.363 | 0.363 | 0 | 0 | 0 | 0 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 3,274 | 3,115 | 2,877 | 2,116 | 2,004.495 | 1,942.332 | 1,820.79 | 1,750.665 | 1,723.119 | 1,601.643 | 1,460.481 | 1,424.762 | 1,415.65 | 1,304.223 | 1,079.033 | 1,098.392 | 963.775 | 912.518 | 873.353 | 822.239 | 806.552 | 740.324 | 456.411 | 434.937 | 329.209 | 284.8 | 259.5 | 220 | 208.3 | 188.2 | 161.2 | 154.3 | 136.5 | 106.4 | 88 | 79.7 | 0 | 0 | 0 | 0 |
| Selling & Marketing Expenses
| 104 | 108 | 90 | 64 | 61.904 | 93.472 | 85.71 | 69.203 | 87.137 | 59.227 | 47.111 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 3,378 | 3,223 | 2,967 | 2,180 | 2,066.399 | 2,035.804 | 1,906.5 | 1,819.868 | 1,810.256 | 1,660.87 | 1,507.592 | 1,424.762 | 1,415.65 | 1,304.223 | 1,079.033 | 1,098.392 | 963.775 | 912.518 | 873.353 | 822.239 | 806.552 | 740.324 | 456.411 | 434.937 | 329.209 | 284.8 | 259.5 | 220 | 208.3 | 188.2 | 161.2 | 154.3 | 136.5 | 106.4 | 88 | 79.7 | 0 | 0 | 0 | 0 |
| Other Expenses
| 1,933 | 1,911 | 1,917 | 1,402 | 1,318.841 | 1,432.878 | 1,381.562 | 1,320.457 | 1,237.229 | 1,162.062 | 1,181.882 | 1,179.23 | 1,115.121 | 1,198.076 | 861.572 | 908.069 | 800.674 | 706.236 | 678.398 | 662.903 | 709.466 | 707.856 | 464.621 | 513.381 | 365.244 | 294.175 | 306.5 | 201.8 | 200.6 | 186.2 | 175.6 | 173.5 | 182.1 | 126.2 | 85.9 | 71.8 | 44.5 | 40.3 | 26.2 | 22.2 |
| Operating Expenses
| 5,311 | 5,134 | 4,884 | 3,582 | 3,385.24 | 3,468.682 | 3,288.062 | 3,140.325 | 3,047.485 | 2,822.932 | 2,689.474 | 2,603.992 | 2,530.771 | 2,502.299 | 1,940.605 | 2,006.461 | 1,764.449 | 1,618.754 | 1,551.751 | 1,485.142 | 1,516.018 | 1,448.18 | 921.032 | 948.318 | 694.453 | 578.975 | 566 | 421.8 | 408.9 | 374.4 | 336.8 | 327.8 | 318.6 | 232.6 | 173.9 | 151.5 | 44.5 | 40.3 | 26.2 | 22.2 |
| Operating Income
| 3,310 | 3,619 | 2,612 | 2,455 | 1,769.521 | 2,547.261 | 2,508.24 | 2,323.862 | 2,058.398 | 1,674.692 | 1,642.245 | 1,765.568 | 1,552.526 | 1,224.6 | 1,092.789 | 519.291 | 739.779 | 963.537 | 1,231.642 | 1,170.919 | 1,066.523 | 850.67 | 716.484 | 583.896 | 446.406 | 418.3 | 325.6 | 282.1 | 249 | 221.1 | 194.5 | 173.5 | 162.7 | 114.8 | 84.7 | 76.3 | 44.5 | 40.3 | 26.2 | 22.2 |
| Operating Income Ratio
| 0.247 | 0.289 | 0.31 | 0.404 | 0.282 | 0.367 | 0.389 | 0.386 | 0.36 | 0.335 | 0.347 | 0.365 | 0.335 | 0.278 | 0.283 | 0.137 | 0.174 | 0.216 | 0.282 | 0.313 | 0.329 | 0.288 | 0.304 | 0.226 | 0.213 | 0.238 | 0.201 | 0.224 | 0.213 | 0.205 | 0.223 | 0.204 | 0.183 | 0.135 | 0.119 | 0.122 | 0 | 0 | 0 | 0 |
| Total Other Income Expenses Net
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Before Tax
| 3,310 | 3,619 | 2,612 | 2,455 | 1,769.521 | 2,547.261 | 2,508.24 | 2,323.862 | 2,058.398 | 1,674.692 | 1,642.245 | 1,765.568 | 1,552.526 | 1,224.6 | 1,092.789 | 519.291 | 739.779 | 963.537 | 1,231.642 | 1,170.919 | 1,066.523 | 850.67 | 716.484 | 583.896 | 446.406 | 418.3 | 325.6 | 282.1 | 249 | 221.1 | 194.5 | 173.5 | 162.7 | 114.8 | 84.7 | 76.3 | 0 | 0 | 0 | 0 |
| Income Before Tax Ratio
| 0.247 | 0.289 | 0.31 | 0.404 | 0.282 | 0.367 | 0.389 | 0.386 | 0.36 | 0.335 | 0.347 | 0.365 | 0.335 | 0.278 | 0.283 | 0.137 | 0.174 | 0.216 | 0.282 | 0.313 | 0.329 | 0.288 | 0.304 | 0.226 | 0.213 | 0.238 | 0.201 | 0.224 | 0.213 | 0.205 | 0.223 | 0.204 | 0.183 | 0.135 | 0.119 | 0.122 | 0 | 0 | 0 | 0 |
| Income Tax Expense
| 722 | 878 | 620 | 596 | 416.369 | 618.112 | 590.16 | 915.556 | 743.284 | 595.025 | 575.999 | 627.088 | 523.028 | 365.121 | 356.628 | 139.4 | 183.892 | 309.278 | 392.453 | 388.736 | 344.002 | 276.728 | 231.392 | 205.821 | 160.25 | 152.7 | 117.6 | 105.9 | 97.9 | 90.1 | 77.2 | 71.5 | 64.8 | 47.6 | 30.8 | 25.6 | -44.5 | -40.3 | -26.2 | -22.2 |
| Net Income
| 2,588 | 2,741 | 1,992 | 1,859 | 1,353.152 | 1,929.149 | 1,918.08 | 1,408.306 | 1,315.114 | 1,079.667 | 1,066.246 | 1,138.48 | 1,029.498 | 859.479 | 736.161 | 379.891 | 555.887 | 654.259 | 839.189 | 782.183 | 722.521 | 573.942 | 485.092 | 378.075 | 286.156 | 265.6 | 208 | 176.2 | 151.1 | 131 | 117.3 | 102 | 97.9 | 67.2 | 53.9 | 41.2 | 44.5 | 40.3 | 26.2 | 22.2 |
| Net Income Ratio
| 0.193 | 0.219 | 0.236 | 0.306 | 0.215 | 0.278 | 0.297 | 0.234 | 0.23 | 0.216 | 0.225 | 0.235 | 0.222 | 0.195 | 0.191 | 0.1 | 0.131 | 0.146 | 0.192 | 0.209 | 0.223 | 0.194 | 0.206 | 0.147 | 0.136 | 0.151 | 0.128 | 0.14 | 0.129 | 0.122 | 0.135 | 0.12 | 0.11 | 0.079 | 0.076 | 0.066 | 0 | 0 | 0 | 0 |
| EPS
| 14.71 | 15.85 | 11.59 | 13.81 | 9.94 | 13.76 | 12.75 | 8.72 | 7.8 | 7.22 | 7.47 | 8.26 | 7.57 | 6.37 | 5.72 | 2.9 | 5.04 | 6.05 | 7.55 | 6.88 | 6.14 | 5.08 | 4.94 | 3.95 | 3.55 | 3.41 | 2.73 | 2.66 | 2.25 | 1.96 | 1.64 | 1.43 | 1.34 | 0.93 | 0.79 | 0.7 | 0.6 | 0.48 | 0.48 | 0.41 |
| EPS Diluted
| 14.64 | 15.79 | 11.53 | 13.8 | 9.94 | 13.75 | 12.74 | 8.7 | 7.78 | 7.18 | 7.42 | 8.2 | 7.54 | 6.35 | 5.69 | 2.89 | 5.01 | 5.95 | 7.37 | 6.73 | 6 | 4.95 | 4.78 | 3.82 | 3.44 | 3.28 | 2.62 | 2.53 | 2.11 | 1.8 | 1.57 | 1.34 | 1.3 | 0.92 | 0.79 | 0.7 | 0.6 | 0.48 | 0.48 | 0.41 |
| EBITDA
| 3,818 | 4,116 | 3,047 | 2,779 | 2,089.809 | 2,848.576 | 2,687.245 | 2,520.987 | 2,258.989 | 1,850.041 | 1,840.975 | 1,969.303 | 1,757.087 | 1,422.38 | 1,275.151 | 710.212 | 925.569 | 1,141.696 | 1,407.573 | 1,344.667 | 1,262.597 | 1,042.332 | 846.271 | 777.84 | 570.538 | 515.3 | 405.2 | 324.5 | 285.3 | 253.2 | 212.1 | 189.7 | 198.8 | 124.4 | 92.8 | 83.2 | 44.5 | 40.3 | 26.2 | 22.2 |
| EBITDA Ratio
| 0.285 | 0.329 | 0.361 | 0.457 | 0.333 | 0.41 | 0.416 | 0.419 | 0.395 | 0.37 | 0.389 | 0.407 | 0.379 | 0.323 | 0.33 | 0.187 | 0.218 | 0.255 | 0.323 | 0.36 | 0.389 | 0.352 | 0.359 | 0.302 | 0.272 | 0.293 | 0.25 | 0.258 | 0.244 | 0.235 | 0.244 | 0.223 | 0.223 | 0.146 | 0.13 | 0.133 | 0 | 0 | 0 | 0 |