M&T Bank Corporation (MTB-PJ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 1.75B | 1.78B | 1.76B | 1.71B | 1.7B | 1.73B | 1.73B | 1.72B | 1.68B | 1.72B | 1.77B | 1.8B | 1.82B | 1.83B | 1.68B | 1.41B | 904.17M | 933.79M | 967.25M | 942.34M |
| NII Growth % | 3.36% | 2.95% | 2.03% | -0.29% | 0.89% | 0.34% | -2.76% | -4.5% | -7.59% | -5.75% | 5.74% | 27.43% | 101.07% | 95.69% | 73.55% | 49.81% | -7.87% | -5.61% | 2.56% | -1.55% |
| Net Interest Margin % | 0.82% | 0.83% | 0.83% | 0.81% | 0.81% | 0.83% | 0.81% | 0.82% | 0.78% | 0.83% | 0.85% | 0.87% | 0.9% | 0.91% | 0.85% | 0.69% | 0.6% | 0.6% | 0.64% | 0.63% |
| Interest Income | 2.54B | 2.64B | 2.68B | 2.61B | 2.56B | 2.71B | 2.79B | 2.79B | 2.75B | 2.74B | 2.64B | 2.52B | 2.33B | 2.07B | 1.78B | 1.47B | 928.26M | 958.52M | 992.95M | 970.36M |
| Interest Expense | 784M | 858M | 919M | 896M | 865M | 979M | 1.06B | 1.07B | 1.06B | 1.02B | 866M | 717M | 509M | 244.84M | 102.82M | 53.42M | 24.08M | 24.73M | 25.7M | 28.02M |
| Loan Loss Provision | 140M | 125M | -794M | 125M | 130M | 140M | 120M | 150M | 200M | 225M | 150M | 150M | 120M | 332M | 115M | 60M | 10M | -15M | -20M | -15M |
| Non-Interest Income | 689M | 696M | -167M | 683M | 611M | 634M | 606M | 584M | 555M | 558.12M | 560M | 803M | 567M | 681.54M | 563.08M | 571.1M | 540.89M | 578.64M | 569.13M | 513.63M |
| Non-Interest Income % | 21.36% | 20.88% | -6.65% | 20.75% | 19.27% | 18.98% | 17.87% | 17.31% | 16.82% | 16.92% | 17.49% | 24.19% | 19.59% | 24.75% | 24.02% | 28.05% | 36.82% | 37.64% | 36.43% | 34.61% |
| Total Revenue | 3.23B | 3.33B | 2.51B | 3.29B | 3.17B | 3.34B | 3.39B | 3.37B | 3.3B | 3.3B | 3.2B | 3.32B | 2.89B | 2.75B | 2.34B | 2.04B | 1.47B | 1.54B | 1.56B | 1.48B |
| Revenue Growth % | 1.7% | -0.24% | -25.89% | -2.4% | -3.91% | 1.3% | 5.94% | 1.63% | 14.03% | 19.77% | 36.53% | 63% | 96.99% | 79.15% | 50.09% | 37.21% | -3.51% | -3.33% | 2.65% | -2.34% |
| Non-Interest Expense | 1.44B | 1.38B | 1.36B | 1.34B | 1.42B | 1.34B | 1.3B | 1.3B | 1.37B | 1.43B | 1.28B | 1.29B | 1.34B | 1.17B | 1.28B | 1.65B | 959.74M | 927.5M | 899.33M | 865.35M |
| Efficiency Ratio | 44.59% | 41.37% | 54.24% | 40.58% | 44.62% | 40.11% | 38.43% | 38.45% | 41.55% | 43.35% | 39.93% | 38.96% | 46.27% | 42.35% | 54.56% | 80.79% | 65.33% | 60.34% | 57.57% | 58.31% |
| Operating Income | 863M | 971M | 1.02B | 935M | 761M | 882M | 909M | 855M | 664M | 625.66M | 907M | 1.16B | 926M | 1.01B | 847.52M | 277.66M | 475.32M | 599.93M | 657.04M | 605.63M |
| Operating Margin % | 26.76% | 29.13% | 40.79% | 28.4% | 24% | 26.4% | 26.81% | 25.35% | 20.12% | 18.97% | 28.33% | 34.92% | 32% | 36.7% | 36.15% | 13.64% | 32.35% | 39.03% | 42.06% | 40.81% |
| Operating Income Growth % | 13.4% | 10.09% | 12.76% | 9.36% | 14.61% | 40.97% | 0.22% | -26.23% | -28.29% | -38.09% | 7.02% | 317.41% | 94.82% | 68.46% | 28.99% | -54.15% | -19.78% | -3.32% | 34.95% | 93.88% |
| Pretax Income | 863M | 971M | 1.02B | 935M | 761M | 882M | 909M | 855M | 664M | 625.66M | 907M | 1.16B | 926M | 1.01B | 847.52M | 277.66M | 475.32M | 599.93M | 657.04M | 605.63M |
| Pretax Margin % | 26.76% | 29.13% | 40.79% | 28.4% | 24% | 26.4% | 26.81% | 25.35% | 20.12% | 18.97% | 28.33% | 34.92% | 32% | 36.7% | 36.15% | 13.64% | 32.35% | 39.03% | 42.06% | 40.81% |
| Income Tax | 199M | 212M | 233M | 219M | 177M | 201M | 188M | 200M | 133M | 143.26M | 217M | 292M | 224M | 245.25M | 200.92M | 60.14M | 113.15M | 141.96M | 161.58M | 147.56M |
| Effective Tax Rate % | 23.06% | 21.83% | 22.73% | 23.42% | 23.26% | 22.79% | 20.68% | 23.39% | 20.03% | 22.9% | 23.93% | 25.19% | 24.19% | 24.27% | 23.71% | 21.66% | 23.8% | 23.66% | 24.59% | 24.36% |
| Net Income | 664M | 759M | 792M | 716M | 584M | 681M | 721M | 655M | 531M | 482.4M | 690M | 867M | 702M | 765.37M | 646.6M | 217.52M | 362.17M | 457.97M | 495.46M | 458.07M |
| Net Margin % | 20.59% | 22.77% | 31.52% | 21.75% | 18.42% | 20.38% | 21.26% | 19.42% | 16.09% | 14.63% | 21.56% | 26.12% | 24.26% | 27.79% | 27.58% | 10.68% | 24.65% | 29.79% | 31.72% | 30.87% |
| Net Income Growth % | 13.7% | 11.45% | 9.85% | 9.31% | 9.98% | 41.17% | 4.49% | -24.45% | -24.36% | -36.97% | 6.71% | 298.58% | 93.83% | 67.12% | 30.5% | -52.51% | -19.02% | -2.8% | 33.14% | 90.03% |
| Net Income (Continuing) | 664M | 759M | 792M | 716M | 584M | 681M | 721M | 655M | 531M | 482.4M | 690M | 867M | 702M | 765.37M | 646.6M | 217.52M | 362.17M | 457.97M | 495.46M | 458.07M |
| EPS (Diluted) | 4.24 | 4.67 | 4.82 | 4.24 | 3.32 | 3.86 | 4.02 | 3.73 | 3.02 | 2.74 | 3.98 | 5.05 | 4.01 | 4.29 | 3.53 | 1.08 | 2.62 | 3.37 | 3.69 | 3.41 |
| EPS Growth % | 27.71% | 20.98% | 19.9% | 13.67% | 9.93% | 40.88% | 1% | -26.14% | -24.69% | -36.13% | 12.75% | 367.59% | 53.05% | 27.3% | -4.34% | -68.33% | -21.32% | -4.26% | 34.18% | 95.98% |
| EPS (Basic) | 4.07 | 4.64 | 4.85 | 4.28 | 3.33 | 3.88 | 4.04 | 3.75 | 3.04 | 2.75 | 4.00 | 5.07 | 4.03 | 4.32 | 3.55 | 1.08 | 2.63 | 3.37 | 3.70 | 3.41 |
| Diluted Shares Outstanding | 156.55M | 156.55M | 156.55M | 160M | 165.05M | 166.97M | 167.57M | 167.66M | 167.08M | 166.73M | 166.57M | 166.32M | 168.41M | 172.15M | 175.68M | 178.28M | 129.42M | 128.89M | 128.84M | 128.84M |