M&T BankMTBEarnings & Financial Report
M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.
Revenue
$2.3B
Gross Profit
N/A
Operating Profit
$855.0M
Net Profit
$655.0M
Gross Margin
N/A
Operating Margin
37.1%
Net Margin
28.5%
YoY Growth
-11.5%
EPS
$3.73
M&T Bank Q2 FY2024 Financial Summary
M&T Bank reported revenue of $2.3B (down 11.5% YoY) for Q2 FY2024, with a net profit of $655.0M (down 24.5% YoY) (28.5% margin).
Key Financial Metrics
| Total Revenue | $2.3B |
|---|---|
| Net Profit | $655.0M |
| Gross Margin | N/A |
| Operating Margin | 37.1% |
| Report Period | Q2 FY2024 |
M&T Bank Annual Revenue by Year
M&T Bank annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $9.7B |
| 2024 | $9.3B |
M&T Bank Quarterly Revenue & Net Profit History
M&T Bank results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.5B | +3.8% | $759.0M | 30.7% |
| Q3 FY2025 | $2.5B | +7.8% | $792.0M | 31.5% |
| Q2 FY2025 | $2.4B | +4.1% | $716.0M | 29.9% |
| Q1 FY2025 | $2.3B | +2.0% | $584.0M | 25.3% |
| Q4 FY2024 | $2.4B | +3.7% | $681.0M | 28.6% |
| Q3 FY2024 | $2.3B | -0.1% | $721.0M | 30.9% |
| Q2 FY2024 | $2.3B | -11.5% | $655.0M | 28.5% |
| Q1 FY2024 | $2.3B | -6.0% | $531.0M | 23.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.26B | $2.30B | $2.33B | $2.38B | $2.31B | $2.40B | $2.51B | $2.48B |
| YoY Growth | -6.0% | -11.5% | -0.1% | 3.7% | 2.0% | 4.1% | 7.8% | 3.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $215.14B | $208.85B | $211.78B | $208.10B | $210.32B | $211.58B | $211.28B | $213.51B |
| Liabilities | $187.97B | $180.43B | $182.91B | $179.08B | $181.33B | $183.06B | $182.55B | $184.33B |
| Equity | $27.17B | $28.42B | $28.88B | $29.03B | $28.99B | $28.52B | $28.73B | $29.18B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $608.0M | $1.35B | $-28.0M | $3.61B | $635.0M | $844.0M | $1.00B | $3.00B |