M&T Bank Corporation (MTB) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O CORPORATE REPORTING
BUFFALO, NY 14203
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,47643,21025,2178,6239,7111,554
Cash and cash equivalents26,47643,21025,2178,6239,7111,421
Short-term investments      133
Total current assets:26,47643,21025,2178,6239,7111,554
Noncurrent Assets
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases 123123122131
Property, plant and equipment1,6541,1451,1621,141647646
Long-term investments and receivables      415
Long-term investments      415
Intangible assets, net (including goodwill)8,6994,5974,6074,6224,6404,665
Goodwill8,4904,5934,5934,5934,5934,593
Intangible assets, net (excluding goodwill)209414294772
Total noncurrent assets:10,4765,8655,8915,8955,2885,726
Other undisclosed assets163,778106,032111,494105,355105,099111,314
TOTAL ASSETS:200,730155,107142,601119,873120,097118,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,5554759624,398175
Total current liabilities:3,5554759624,398175
Noncurrent Liabilities
Other undisclosed liabilities171,857137,157126,354104,094100,239102,168
Total liabilities:175,412137,204126,414104,156104,637102,343
Equity
Equity, attributable to parent, including:25,31817,90316,18715,71715,46016,251
Preferred stock2,0111,7501,2501,2501,2321,232
Common stock908080808080
Treasury stock, value(1,750)(5,082)(5,143)(4,823)(3,529)(1,454)
Additional paid in capital10,0036,6356,6176,5946,5796,591
Accumulated other comprehensive loss(790)(128)(63)(207)(420)(364)
Retained earnings15,75414,64613,44412,82111,51710,165
Other undisclosed equity, attributable to parent111222
Total equity:25,31817,90316,18715,71715,46016,251
TOTAL LIABILITIES AND EQUITY:200,730155,107142,601119,873120,097118,593

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,1795,9925,9556,1925,9285,632
Net investment income6,2473,9394,1934,8804,5994,168
Cost of revenue(96) (800)(176)(132)(168)
Provision for loan, lease, and other losses   (800)(176)(132)
Amortization of mortgage servicing rights (msrs)(96)     
Financial services costs(168)
Gross profit:8,0825,9925,1556,0165,7965,464
Operating expenses(1,431)(1,044)(1,003)(888)(619)(2,236)
Other operating income, net
(Noninterest Income, Other Operating Income)
704483471469451441
Operating income:7,3545,4314,6235,5985,6283,669
Interest and debt expense(425)(114)(326)(749)(526)(387)
Income from continuing operations before equity method investments, income taxes:6,9295,3174,2964,8485,1023,282
Other undisclosed loss from continuing operations before income taxes(4,318)(2,862)(2,527)(2,301)(2,594)(958)
Income from continuing operations before income taxes:2,6112,4551,7702,5472,5082,324
Income tax expense(619)(596)(416)(618)(590)(916)
Income from continuing operations:1,9921,8591,3531,9291,9181,408
Income before gain (loss) on sale of properties:1,8591,3531,9291,9181,408
Net income attributable to parent:1,9921,8591,3531,9291,9181,408
Preferred stock dividends and other adjustments(97)(73)(68)(69)(73)(73)
Other undisclosed net loss available to common stockholders, basic(4)(9)(6)(10)(10)(8)
Net income available to common stockholders, basic:1,8911,7771,2791,8501,8361,328
Other undisclosed net income available to common stockholders, diluted000000
Net income available to common stockholders, diluted:1,8911,7771,2791,8501,8361,328

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,9921,8591,3531,9291,9181,408
Other comprehensive income (loss)(662)(65)144213(39)(5)
Comprehensive income, net of tax, attributable to parent:1,3291,7941,4972,1431,8791,403

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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