M&T Bank Corporation (MTB) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments43,21025,2178,6239,7111,5541,6441,642
Cash and cash equivalents43,21025,2178,6239,7111,4211,3211,368
Short-term investments    133324274
Total current assets:43,21025,2178,6239,7111,5541,6441,642
Noncurrent Assets
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases123122131
Property, plant and equipment1,1451,1621,141647646675667
Long-term investments and receivables    415461554
Long-term investments    415461554
Intangible assets, net (including goodwill)4,5974,6074,6224,6404,6654,6914,733
Goodwill4,5934,5934,5934,5934,5934,5934,593
Intangible assets, net (excluding goodwill)41429477298140
Total noncurrent assets:5,8655,8915,8955,2885,7265,8275,954
Other undisclosed assets106,032111,494105,355105,099111,314115,978115,192
TOTAL ASSETS:155,107142,601119,873120,097118,593123,449122,788
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4759624,3981751632,132
Total current liabilities:4759624,3981751632,132
Noncurrent Liabilities
Other undisclosed liabilities137,157126,354104,094100,239102,168106,799104,482
Total liabilities:137,204126,414104,156104,637102,343106,963106,615
Stockholders' equity
Stockholders' equity attributable to parent, including:17,90316,18715,71715,46016,25116,48716,173
Preferred stock1,7501,2501,2501,2321,2321,2321,232
Common stock80808080808080
Treasury stock, value(5,082)(5,143)(4,823)(3,529)(1,454)(432) 
Additional paid in capital6,6356,6176,5946,5796,5916,6776,681
Accumulated other comprehensive loss(128)(63)(207)(420)(364)(295)(252)
Retained earnings14,64613,44412,82111,51710,1659,2228,431
Other undisclosed stockholders' equity attributable to parent1122222
Total stockholders' equity:17,90316,18715,71715,46016,25116,48716,173
TOTAL LIABILITIES AND EQUITY:155,107142,601119,873120,097118,593123,449122,788

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,9925,9556,1925,9285,6325,2964,668
Net investment income3,9394,1934,8804,5994,1683,8963,171
Cost of revenue (800)(176)(132)(168)(190)(170)
Provision for loan, lease, and other losses (800)(176)(132)
Financial services costs(168)(190)(170)
Gross profit:5,9925,1556,0165,7965,4645,1064,498
Operating expenses(1,044)(1,003)(888)(619)(2,236)(2,218)(1,861)
Other operating income, net
(Noninterest Income, Other Operating Income)
483471469451441426477
Operating income:5,4314,6235,5985,6283,6693,3143,114
Interest and debt expense(114)(326)(749)(526)(387)(426)(328)
Income from continuing operations before equity method investments, income taxes:5,3174,2964,8485,1023,2822,8882,786
Loss from equity method investments      (14)
Other undisclosed loss from continuing operations before income taxes(2,862)(2,527)(2,301)(2,594)(958)(830)(1,097)
Income from continuing operations before income taxes:2,4551,7702,5472,5082,3242,0581,675
Income tax expense(596)(416)(618)(590)(916)(743)(595)
Net income attributable to parent:1,8591,3531,9291,9181,4081,3151,080
Preferred stock dividends and other adjustments(73)(68)(69)(73)(73)(81)(81)
Other undisclosed net loss available to common stockholders, basic(9)(6)(10)(10)(8)(10)(11)
Net income available to common stockholders, basic:1,7771,2791,8501,8361,3281,223988
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:1,7771,2791,8501,8361,3281,223988

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,8591,3531,9291,9181,4081,3151,080
Other comprehensive income (loss)(65)144213(39)(5)(43)(71)
Comprehensive income, net of tax, attributable to parent:1,7941,4972,1431,8791,4031,2721,009

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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