M&T Bank Corporation (MTB) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,2178,6239,7111,5541,6441,6421,682
Cash and cash equivalents25,2178,6239,7111,4211,3211,3681,373
Short-term investments   133324274308
Total current assets:25,2178,6239,7111,5541,6441,6421,682
Noncurrent Assets
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases122131
Property, plant and equipment1,1621,141647646675667613
Long-term investments and receivables   415461554329
Long-term investments   415461554329
Intangible assets, net (including goodwill)4,6074,6224,6404,6654,6914,7333,560
Goodwill4,5934,5934,5934,5934,5934,5933,525
Intangible assets, net (excluding goodwill)142947729814035
Total noncurrent assets:5,8915,8955,2885,7265,8275,9544,502
Other undisclosed assets111,494105,355105,099111,314115,978115,19290,502
TOTAL ASSETS:142,601119,873120,097118,593123,449122,78896,686
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt59624,3981751632,132193
Total current liabilities:59624,3981751632,132193
Noncurrent Liabilities
Other undisclosed liabilities126,354104,094100,239102,168106,799104,48284,157
Total liabilities:126,414104,156104,637102,343106,963106,61584,350
Stockholders' equity
Stockholders' equity attributable to parent, including:16,18715,71715,46016,25116,48716,17312,336
Preferred stock1,2501,2501,2321,2321,2321,2321,232
Common stock80808080808066
Treasury stock, value(5,143)(4,823)(3,529)(1,454)(432)  
Additional paid in capital6,6176,5946,5796,5916,6776,6813,410
Accumulated other comprehensive loss(63)(207)(420)(364)(295)(252)(181)
Retained earnings13,44412,82111,51710,1659,2228,4317,807
Other undisclosed stockholders' equity attributable to parent1222223
Total stockholders' equity:16,18715,71715,46016,25116,48716,17312,336
TOTAL LIABILITIES AND EQUITY:142,601119,873120,097118,593123,449122,78896,686

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,9556,1925,9285,6325,2964,6684,456
Net investment income4,1934,8804,5994,1683,8963,1712,956
Financial services revenue   1,403
Cost of revenue(800)(176)(132)(168)(190)(170)(192)
Provision for loan, lease, and other losses(800)(176)(132)
Amortization of mortgage servicing rights (msrs)      (68)
Financial services costs(168)(190)(170)(124)
Gross profit:5,1556,0165,7965,4645,1064,4984,263
Operating expenses(1,003)(888)(619)(2,236)(2,218)(1,861)(2,521)
Other operating income, net
(Noninterest Income, Other Operating Income)
471469451441426477400
Operating income:4,6235,5985,6283,6693,3143,1142,143
Nonoperating income      45
Bank owned life insurance income      50
Interest and debt expense(326)(749)(526)(387)(426)(328)(280)
Income from continuing operations before equity method investments, income taxes:4,2964,8485,1023,2822,8882,7861,907
Loss from equity method investments     (14)(17)
Other undisclosed loss from continuing operations before income taxes(2,527)(2,301)(2,594)(958)(830)(1,097)(301)
Income from continuing operations before income taxes:1,7702,5472,5082,3242,0581,6751,589
Income tax expense(416)(618)(590)(916)(743)(595)(523)
Net income attributable to parent:1,3531,9291,9181,4081,3151,0801,066
Preferred stock dividends and other adjustments(68)(69)(73)(73)(81)(81)(76)
Other undisclosed net loss available to common stockholders, basic(6)(10)(10)(8)(10)(11)(12)
Net income available to common stockholders, basic:1,2791,8501,8361,3281,223988979
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:1,2791,8501,8361,3281,223988979

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,3531,9291,9181,4081,3151,0801,066
Other comprehensive income (loss)144213(39)(5)(43)(71)(117)
Comprehensive income, net of tax, attributable to parent:1,4972,1431,8791,4031,2721,009949

Statements sources

The financial statements are based on the company's filings with the 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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