M&T BANK CORP

MTB 10-Q · Q3 2025

MTB Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 423 394 +7.4%
Show Product Lines breakouts
Brokerage services income 34 32 +6.2%
Brokerage services income · Commercial Bank 1 2 -50.0%
Brokerage services income · Institutional Services and Wealth Management 33 30 +10.0%
Credit Card Merchant Discount 47 41 +14.6%
Credit Card Merchant Discount · Commercial Bank 20 18 +11.1%
Credit Card Merchant Discount · Retail Bank 27 23 +17.4%
Deposit Account 141 132 +6.8%
Deposit Account · Commercial Bank 45 40 +12.5%
Deposit Account · Retail Bank 96 92 +4.3%
Fiduciary And Trust 181 170 +6.5%
Fiduciary And Trust · Commercial Bank 1 1 0.0%
Fiduciary And Trust · Institutional Services and Wealth Management 180 169 +6.5%
Product And Service Other 20 19 +5.3%
Product And Service Other · Commercial Bank 11 8 +37.5%
Product And Service Other · Institutional Services and Wealth Management 2 3 -33.3%
Product And Service Other · Retail Bank 7 8 -12.5%
Show Business Segments breakouts
Commercial Bank 78 69 +13.0%
Institutional Services and Wealth Management 215 202 +6.4%
Retail Bank 130 123 +5.7%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Bayview Lending Group and Bayview Financial 1 1 0.0%
Revenue (Q)
Show Business Segments breakouts
All Other Segments · Operating Segments 110 -72 +252.8%
Commercial Bank · Operating Segments 748 723 +3.5%
Institutional Services and Wealth Management · Operating Segments 407 389 +4.6%
Retail Bank · Operating Segments 1,248 1,292 -3.4%
Show Consolidation Items breakouts
Operating Segments 2,513 2,332 +7.8%
Income Before Taxes 1,025 909 +12.8%
Show Business Segments breakouts
All Other Segments · Operating Segments 23 -202 +111.4%
Commercial Bank · Operating Segments 310 326 -4.9%
Institutional Services and Wealth Management · Operating Segments 190 184 +3.3%
Retail Bank · Operating Segments 502 601 -16.5%
Show Consolidation Items breakouts
Operating Segments 1,025 909 +12.8%
Income Tax Expense (Benefit) 233 188 +23.9%
Show Business Segments breakouts
All Other Segments · Operating Segments -23 -101 +77.2%
Commercial Bank · Operating Segments 82 87 -5.7%
Institutional Services and Wealth Management · Operating Segments 48 47 +2.1%
Retail Bank · Operating Segments 126 155 -18.7%
Show Consolidation Items breakouts
Operating Segments 233 188 +23.9%
Net Income 792 721 +9.8%
Show Business Segments breakouts
All Other Segments · Operating Segments 46 -101 +145.5%
Commercial Bank · Operating Segments 228 239 -4.6%
Institutional Services and Wealth Management · Operating Segments 142 137 +3.6%
Retail Bank · Operating Segments 376 446 -15.7%
Comprehensive Income 854 1,245 -31.4%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 62 524 -88.2%
Retained Earnings 792 721 +9.8%
Other Comprehensive Income 62 524 -88.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -2 -1 -100.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 5 291 -98.3%
Accumulated Net Unrealized Investment Gain Loss 60 230 -73.9%
Accumulated Other Comprehensive Income 62 524 -88.2%
Other -1 4 -125.0%
EPS (Basic) 4.85 4.04 +20.0%
EPS (Diluted) 4.82 4.02 +19.9%
Wtd Avg Shares (Basic) 155,558 166,671 -6.7%
Wtd Avg Shares (Diluted) 156,553 167,567 -6.6%
Brokerage Commissions Revenue 34 32 +6.2%
Interest And Dividend Income Operating 2,680 2,785 -3.8%
Interest Expense Operating 919 1,059 -13.2%
Marketing And Advertising Expense 23 27 -14.8%
Noninterest Expense 1,363 1,303 +4.6%
Occupancy Net 129 125 +3.2%
Other Noninterest Expense 136 128 +6.2%
Professional Fees 81 88 -8.0%
Net Income Loss Available To Common Stockholders Basic 754 674 +11.9%
Interest Income Expense Net 1,761 1,726 +2.0%
Show Business Segments breakouts
All Other Segments · Operating Segments 60 -97 +161.9%
Commercial Bank · Operating Segments 539 551 -2.2%
Institutional Services and Wealth Management · Operating Segments 163 185 -11.9%
Retail Bank · Operating Segments 999 1,087 -8.1%
Show Consolidation Items breakouts
Operating Segments 1,761 1,726 +2.0%
Labor And Related Expense 833 775 +7.5%
Show Business Segments breakouts
All Other Segments · Operating Segments 357 324 +10.2%
Commercial Bank · Operating Segments 160 152 +5.3%
Institutional Services and Wealth Management · Operating Segments 112 103 +8.7%
Retail Bank · Operating Segments 204 196 +4.1%
Show Consolidation Items breakouts
Operating Segments 833 775 +7.5%
Noninterest Income 752 606 +24.1%
Show Business Segments breakouts
All Other Segments · Operating Segments 50 25 +100.0%
Commercial Bank · Operating Segments 209 172 +21.5%
Institutional Services and Wealth Management · Operating Segments 244 204 +19.6%
Retail Bank · Operating Segments 249 205 +21.5%
Show Consolidation Items breakouts
Operating Segments 752 606 +24.1%
Preferred Stock Dividends Income Statement Impact -36 -47 +23.4%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 1,811 2,107 -14.0%
Fair Value Inputs Level2 139 109 +27.5%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,950 2,216 -12.0%
Estimate Of Fair Value Fair Value Disclosure 1,950 2,216 -12.0%
Non-Current Assets
Property, Plant & Equipment 1,621 1,694 -4.3%
Goodwill 8,465 8,465 0.0%
Intangible Assets 74 107 -30.8%
Total Assets 211,277 211,785 -0.2%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 10.6 10 +6.0%
Non-Current Liabilities
Long-Term Debt 12,928
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 13,163
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 12,928
Estimate Of Fair Value Fair Value Disclosure 13,163
Total Liabilities 182,549 182,909 -0.2%
Stockholders' Equity
Common Stock 90 90 0.0%
Additional Paid-In Capital 9,995 9,986 +0.1%
Retained Earnings 20,392 18,659 +9.3%
Accumulated Other Comprehensive Income 277 -27 +1125.9%
Total Stockholders' Equity 28,728 28,876 -0.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 93 -119 +178.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent 68 45 +51.1%
Accumulated Net Unrealized Investment Gain Loss 121 51 +137.3%
Accumulated Other Comprehensive Income 277 -27 +1125.9%
Additional Paid In Capital 9,995 9,986 +0.1%
Common Stock 90 90 0.0%
Common Stock Issuable 1 1 0.0%
Other -5 -4 -25.0%
Preferred Stock 2,394 2,394 0.0%
Retained Earnings 20,392 18,659 +9.3%
Treasury Stock Common -4,421 -2,227 -98.5%
Total Liabilities & Equity 211,277 211,785 -0.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation & Amortization 243 235 +3.4%
Show Business Segments breakouts
All Other Segments · Operating Segments 157 155 +1.3%
Commercial Bank · Operating Segments 32 29 +10.3%
Institutional Services and Wealth Management · Operating Segments 6 6 0.0%
Retail Bank · Operating Segments 181 189 -4.2%
Show Consolidation Items breakouts
Operating Segments 376 379 -0.8%
Deferred Income Taxes -38 -13 -192.3%
Net Cash from Operations 2,480 1,934 +28.2%
Investing Activities
Purchases of Investments -7,561 -11,156 +32.2%
Other Investing Activities 198 151 +31.1%
Net Cash from Investing -2,984 -2,843 -5.0%
Financing Activities
Share Repurchases -2,129 -198 -975.3%
Net Cash from Financing 545 1,394 -60.9%
Supplemental
Income Taxes Paid 314 240 +30.8%
Interest Paid 2,722 3,294 -17.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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