M&T Bank financials
$217.50−1.33%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.23B | $13.45B | $12.75B | $8.60B | $6.11B | $6.28B | $6.94B | $6.45B | $6.02B | $5.72B |
| Gross profit | $9.69B | $9.28B | $9.64B | $8.18B | $5.99B | $5.95B | $6.19B | $5.93B | $5.63B | $5.30B |
| Gross margin | 73.3% | 69.0% | 75.6% | 95.1% | 98.1% | 94.8% | 89.2% | 91.8% | 93.6% | 92.6% |
| Operating income | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B | $2.55B | $2.51B | $2.32B | $2.06B |
| Net income | $2.70B | $2.45B | $2.64B | $1.89B | $1.78B | $1.28B | $1.85B | $1.84B | $1.33B | $1.23B |
| Net margin | 20.4% | 18.2% | 20.7% | 22.0% | 29.1% | 20.4% | 26.6% | 28.4% | 22.1% | 21.6% |
| Diluted EPS | $17.00 | $14.64 | $15.79 | $11.53 | $13.80 | $9.94 | $13.75 | $12.74 | $8.70 | $7.78 |
| EBITDA | $3.69B | $3.31B | $3.62B | $2.61B | $2.46B | $1.77B | $2.55B | $2.51B | $2.32B | $2.06B |
| Operating cash flow | $3.00B | $3.61B | $3.90B | $4.57B | $2.71B | $789.2M | $2.36B | $2.09B | $2.78B | $1.18B |
| Free cash flow | $2.86B | $3.39B | $3.65B | $4.36B | $2.57B | $616.9M | $2.18B | $1.99B | $2.70B | $1.08B |
| Diluted shares | 158.8M | 167.3M | 167.0M | 164.0M | 128.8M | 128.7M | 134.4M | 144.2M | 152.6M | 157.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.70B | $1.91B | $1.73B | $1.52B | $1.34B | $1.55B |
| Short-term investments | $53.72B | $53.02B | $55.07B | $50.29B | $49.08B | $31.78B |
| Total debt | $13.06B | $13.66B | $13.52B | $7.52B | $3.53B | $4.44B |
| Total assets | $213.51B | $208.10B | $208.26B | $200.73B | $155.11B | $142.60B |
| Total liabilities | $184.33B | $179.08B | $181.31B | $175.41B | $137.20B | $126.41B |
| Shareholders' equity | $29.18B | $29.03B | $26.96B | $25.32B | $17.90B | $16.19B |
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