M&T Bank financials
$217.50−1.33%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.36B | $3.23B | $3.33B | $3.43B | $3.29B | $3.17B | $3.36B | $3.39B | $3.37B | $3.33B | $3.32B | $3.20B |
| Gross profit | $2.53B | $2.44B | $2.48B | $2.51B | $2.40B | $2.31B | $2.38B | $2.33B | $2.30B | $2.26B | $2.30B | $2.33B |
| Gross margin | 75.4% | 75.7% | 74.3% | 73.2% | 72.8% | 72.7% | 70.9% | 68.8% | 68.2% | 68.0% | 69.3% | 72.9% |
| Operating income | $1.06B | $863.0M | $971.0M | $1.02B | $935.0M | $761.0M | $882.0M | $909.0M | $855.0M | $664.0M | $626.0M | $907.0M |
| Net income | $781.0M | $620.0M | $718.0M | $754.0M | $679.0M | $547.0M | $644.0M | $674.0M | $626.0M | $505.0M | $456.0M | $664.0M |
| Net margin | 23.2% | 19.2% | 21.5% | 22.0% | 20.6% | 17.3% | 19.1% | 19.9% | 18.6% | 15.2% | 13.7% | 20.7% |
| Diluted EPS | $5.32 | $4.13 | $4.68 | $4.82 | $4.24 | $3.32 | $3.86 | $4.02 | $3.73 | $3.02 | $2.74 | $3.98 |
| EBITDA | $1.06B | $863.0M | $971.0M | $1.02B | $935.0M | $761.0M | $882.0M | $909.0M | $855.0M | $664.0M | $626.0M | $907.0M |
| Operating cash flow | $1.27B | $1.01B | $523.0M | $1.00B | $844.0M | $635.0M | $1.68B | -$28.0M | $1.35B | $608.0M | $800.0M | $1.42B |
| Free cash flow | $1.25B | $916.0M | $467.0M | $965.0M | $818.0M | $610.0M | $1.59B | -$58.0M | $1.29B | $573.0M | $712.0M | $1.35B |
| Diluted shares | 146.8M | 150.1M | 153.6M | 156.6M | 160.0M | 165.0M | 167.0M | 167.6M | 167.7M | 167.1M | 166.7M | 166.6M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.94B | $1.90B | $1.70B | $1.95B | $2.13B | $2.11B |
| Short-term investments | $53.87B | $53.16B | $53.72B | $53.71B | $54.96B | $55.89B |
| Total debt | $18.18B | $19.03B | $13.06B | $14.99B | $14.45B | $12.07B |
| Total assets | $219.26B | $214.74B | $213.51B | $211.28B | $211.58B | $210.32B |
| Total liabilities | $191.31B | $186.76B | $184.33B | $182.55B | $183.06B | $181.33B |
| Shareholders' equity | $27.95B | $27.97B | $29.18B | $28.73B | $28.52B | $28.99B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology