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M&T Bank（MTB）与Northern Trust（NTRS）财务数据对比。点击上方公司名可切换其他公司
M&T Bank的季度营收约是Northern Trust的1.1倍（$2.5B vs $2.2B），M&T Bank净利率更高（30.7% vs 23.7%，领先6.9%），Northern Trust同比增速更快（13.8% vs 3.8%），过去两年Northern Trust的营收复合增速更高（37.8% vs 4.6%）
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
MTB vs NTRS — 直观对比
营收规模更大
MTB
是对方的1.1倍
$2.2B
营收增速更快
NTRS
高出10.0%
3.8%
净利率更高
MTB
高出6.9%
23.7%
两年增速更快
NTRS
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.2B |
| 净利润 | $759.0M | $525.5M |
| 毛利率 | — | — |
| 营业利润率 | 39.2% | — |
| 净利率 | 30.7% | 23.7% |
| 营收同比 | 3.8% | 13.8% |
| 净利润同比 | 11.5% | 13.0% |
| 每股收益（稀释后） | $4.62 | $2.71 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MTBNTRS
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.3B | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B |
净利润MTBNTRS
| Q1 26 | — | $525.5M | ||
| Q4 25 | $759.0M | $466.0M | ||
| Q3 25 | $792.0M | $457.6M | ||
| Q2 25 | $716.0M | $421.3M | ||
| Q1 25 | $584.0M | $392.0M | ||
| Q4 24 | $681.0M | $455.4M | ||
| Q3 24 | $721.0M | $464.9M | ||
| Q2 24 | $655.0M | $896.1M |
营业利润率MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | 48.5% | ||
| Q3 25 | 40.8% | 49.0% | ||
| Q2 25 | 39.0% | 45.9% | ||
| Q1 25 | 33.0% | 43.0% | ||
| Q4 24 | 37.0% | 48.6% | ||
| Q3 24 | 39.0% | 50.2% | ||
| Q2 24 | 37.1% | — |
净利率MTBNTRS
| Q1 26 | — | 23.7% | ||
| Q4 25 | 30.7% | 35.6% | ||
| Q3 25 | 31.5% | 36.2% | ||
| Q2 25 | 29.9% | 34.2% | ||
| Q1 25 | 25.3% | 32.3% | ||
| Q4 24 | 28.6% | 37.3% | ||
| Q3 24 | 30.9% | 38.9% | ||
| Q2 24 | 28.5% | 76.8% |
每股收益（稀释后）MTBNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $4.62 | $2.42 | ||
| Q3 25 | $4.82 | $2.29 | ||
| Q2 25 | $4.24 | $2.13 | ||
| Q1 25 | $3.32 | $1.90 | ||
| Q4 24 | $3.87 | $2.25 | ||
| Q3 24 | $4.02 | $2.22 | ||
| Q2 24 | $3.73 | $4.34 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | $10.9B | $2.9B |
| 股东权益账面价值 | $29.2B | $13.0B |
| 总资产 | $213.5B | $174.6B |
| 负债/权益比越低杠杆越低 | 0.37× | 0.22× |
8季度趋势，按日历期对齐
总债务MTBNTRS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $10.9B | — | ||
| Q3 25 | $12.9B | — | ||
| Q2 25 | $12.4B | — | ||
| Q1 25 | $10.5B | — | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | $11.6B | — | ||
| Q2 24 | $11.3B | — |
股东权益MTBNTRS
| Q1 26 | — | $13.0B | ||
| Q4 25 | $29.2B | $13.0B | ||
| Q3 25 | $28.7B | $13.0B | ||
| Q2 25 | $28.5B | $12.9B | ||
| Q1 25 | $29.0B | $12.9B | ||
| Q4 24 | $29.0B | $12.8B | ||
| Q3 24 | $28.9B | $12.7B | ||
| Q2 24 | $28.4B | $12.7B |
总资产MTBNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $213.5B | $177.1B | ||
| Q3 25 | $211.3B | $170.3B | ||
| Q2 25 | $211.6B | $171.9B | ||
| Q1 25 | $210.3B | $165.1B | ||
| Q4 24 | $208.1B | $155.5B | ||
| Q3 24 | $211.8B | $155.8B | ||
| Q2 24 | $208.9B | $156.8B |
负债/权益比MTBNTRS
| Q1 26 | — | 0.22× | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.40× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $3.0B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.96× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $388.4M | ||
| Q3 25 | $1.0B | $525.8M | ||
| Q2 25 | $844.0M | $1.9B | ||
| Q1 25 | $635.0M | $2.7B | ||
| Q4 24 | $3.6B | $-2.6B | ||
| Q3 24 | $-28.0M | $611.1M | ||
| Q2 24 | $1.4B | $3.0B |
自由现金流MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | $355.6M | ||
| Q3 25 | — | $509.4M | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $585.4M | ||
| Q2 24 | — | $3.0B |
自由现金流率MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 40.3% | ||
| Q2 25 | — | 150.8% | ||
| Q1 25 | — | 225.5% | ||
| Q4 24 | — | -218.9% | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 254.7% |
资本支出强度MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.8% |
现金转化率MTBNTRS
| Q1 26 | — | — | ||
| Q4 25 | 3.96× | 0.83× | ||
| Q3 25 | 1.26× | 1.15× | ||
| Q2 25 | 1.18× | 4.44× | ||
| Q1 25 | 1.09× | 7.01× | ||
| Q4 24 | 5.30× | -5.79× | ||
| Q3 24 | -0.04× | 1.31× | ||
| Q2 24 | 2.07× | 3.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MTB
暂无分部数据
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
