M&T BANK CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), M&T BANK CORP reported net income of $2.9B (+10.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans | $8.2B | $8.5B | $8.0B | $5.2B |
| Investment securities | $1.4B | — | — | — |
| Deposits at banks | $816.0M | $1.5B | $1.4B | $509.0M |
| Other | $3.0M | $3.0M | $4.0M | $1.9M |
| Total interest income | $10.5B | $11.0B | $10.2B | $6.2B |
| Savings and interest-checking deposits | $2.3B | $2.5B | $1.7B | $270.8M |
| Time deposits | $475.0M | $781.0M | $671.0M | $23.9M |
| Short-term borrowings | $124.0M | $242.0M | $292.0M | $19.4M |
| Long-term borrowings | $668.0M | $637.0M | $400.0M | $111.1M |
| Total interest expense | $3.5B | $4.2B | $3.1B | $425.2M |
| Net interest income | $6.9B | $6.9B | $7.1B | $5.8B |
| Provision for credit losses | $505.0M | $610.0M | $645.0M | $517.0M |
| Net interest income after provision for credit losses | $6.4B | $6.2B | $6.5B | $5.3B |
| Mortgage banking revenues | $550.0M | $436.0M | — | — |
| Service charges on deposit accounts | $551.0M | $514.0M | — | — |
| Trust income | $724.0M | $675.0M | — | — |
| Brokerage services income | $131.0M | $121.0M | $102.0M | $87.9M |
| Trading account and other non-hedging derivative gains | $58.0M | $39.0M | $49.0M | $26.8M |
| Gain (loss) on bank investment securities | $2.0M | $10.0M | $4.0M | ($5.7M) |
| Other revenues from operations | $726.0M | $632.0M | $809.0M | $703.7M |
| Noninterest income | $2.7B | $2.4B | $2.5B | $2.4B |
| Salaries and employee benefits | $3.3B | $3.2B | $3.0B | $2.8B |
| Equipment and net occupancy | $525.0M | $512.0M | $520.0M | $474.3M |
| Outside data processing and software | $558.0M | $492.0M | $437.0M | $376.5M |
| Professional and other services | $356.0M | $344.0M | $413.0M | — |
| FDIC assessments | $50.0M | $146.0M | $315.0M | $90.3M |
| Advertising and marketing | $102.0M | $104.0M | $108.0M | $90.7M |
| Amortization of core deposit and other intangible assets | $42.0M | $53.0M | $62.0M | $55.6M |
| Other costs of operations | $518.0M | $546.0M | $527.0M | $1.1B |
| Total other expense | $5.5B | $5.4B | $5.4B | $5.1B |
| Income (loss) before taxes | $3.7B | $3.3B | $3.6B | $2.6B |
| Income taxes | $841.0M | $722.0M | $878.0M | $619.5M |
| Net income | $2.9B | $2.6B | $2.7B | $2.0B |
| Net income available to common stockholders, basic | $2.7B | $2.4B | $2.6B | $1.9B |
| Net income available to common stockholders, diluted | $2.7B | $2.4B | $2.6B | $1.9B |
| Earnings per share, basic (in USD per share) | $17.10 | $14.71 | $15.85 | $11.59 |
| Earnings per share, diluted (in USD per share) | $17.00 | $14.64 | $15.79 | $11.53 |
| Basic weighted-average shares outstanding (in shares) | 157.9M | — | — | — |
| Diluted weighted-average shares outstanding (in shares) | 158.8M | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans | $2.1B | $2.0B | $2.1B | $2.1B |
| Investment securities | $411.0M | $393.0M | $377.0M | $334.0M |
| Deposits at banks | $139.0M | $149.0M | $198.0M | $219.0M |
| Other | $0 | — | $1.0M | $2.0M |
| Total interest income | $2.6B | $2.5B | $2.7B | $2.6B |
| Savings and interest-checking deposits | $477.0M | $483.0M | $589.0M | $579.0M |
| Time deposits | $104.0M | $97.0M | $119.0M | $123.0M |
| Short-term borrowings | $77.0M | $54.0M | $32.0M | $37.0M |
| Long-term borrowings | $170.0M | $150.0M | $179.0M | $157.0M |
| Total interest expense | $828.0M | $784.0M | $919.0M | $896.0M |
| Net interest income | $1.8B | $1.8B | $1.8B | $1.7B |
| Provision for credit losses | $120.0M | $140.0M | $125.0M | $125.0M |
| Net interest income after provision for credit losses | $1.7B | $1.6B | $1.6B | $1.6B |
| Mortgage banking revenues | $127.0M | $127.0M | $147.0M | $130.0M |
| Service charges on deposit accounts | $144.0M | $139.0M | $141.0M | $137.0M |
| Trust income | $197.0M | $183.0M | $181.0M | $182.0M |
| Brokerage services income | $35.0M | $35.0M | $34.0M | $31.0M |
| Trading account and other non-hedging derivative gains | $22.0M | $14.0M | $18.0M | $12.0M |
| Gain (loss) on bank investment securities | $2.0M | $4.0M | $1.0M | $0 |
| Other revenues from operations | $213.0M | $187.0M | $230.0M | $191.0M |
| Total other income | $740.0M | $689.0M | $752.0M | $683.0M |
| Salaries and employee benefits | $826.0M | $914.0M | $833.0M | $813.0M |
| Equipment and net occupancy | $129.0M | $133.0M | $129.0M | $130.0M |
| Outside data processing and software | $154.0M | $144.0M | $138.0M | $138.0M |
| Professional and other services | $89.0M | $93.0M | $81.0M | $86.0M |
| FDIC assessments | $18.0M | $23.0M | $13.0M | $22.0M |
| Advertising and marketing | $27.0M | $21.0M | $23.0M | $25.0M |
| Amortization of core deposit and other intangible assets | $7.0M | $9.0M | $10.0M | $9.0M |
| Other costs of operations | $99.0M | $101.0M | $136.0M | $113.0M |
| Total other expense | $1.3B | $1.4B | $1.4B | $1.3B |
| Income before taxes | $1.1B | $863.0M | $1.0B | $935.0M |
| Income taxes | $245.0M | $199.0M | $233.0M | $219.0M |
| Net income | $818.0M | $664.0M | $792.0M | $716.0M |
| Basic | $781.0M | $620.0M | $754.0M | $679.0M |
| Diluted | $781.0M | $620.0M | $754.0M | $679.0M |
| Basic (in USD per share) | $5.35 | $4.16 | $4.85 | $4.26 |
| Diluted (in USD per share) | $5.32 | $4.13 | $4.82 | $4.24 |
| Basic (in shares) | 145.9M | 149.2M | 155.6M | 159.2M |
| Diluted (in shares) | 146.8M | 150.1M | 156.6M | 160.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $1.7B | $1.9B | $1.7B | $1.5B |
| Interest-bearing deposits at banks | $17.1B | $18.9B | $28.1B | $25.0B |
| Trading account | $97.0M | $101.0M | $106.0M | $117.8M |
| Available for sale (cost: $22,994 at December 31, 2025; $19,054 at December 31, 2024) | $23.2B | $18.8B | $10.4B | $10.7B |
| Held to maturity (fair value: $11,715 at December 31, 2025; $12,955 at December 31, 2024) | $12.4B | $14.2B | $15.3B | $13.5B |
| Equity and other securities (cost: $1,016 at December 31, 2025; $1,007 at December 31, 2024) | $1.0B | $1.0B | $1.1B | $931.9M |
| Total investment securities | $36.6B | $34.1B | $26.9B | $25.2B |
| Loans (a) | $138.7B | $135.6B | — | — |
| Allowance for loan losses | ($2.1B) | ($2.2B) | — | — |
| Net loans | $136.6B | $133.4B | — | — |
| Premises and equipment | $1.6B | $1.7B | $1.7B | $1.7B |
| Goodwill | $8.5B | $8.5B | $8.5B | $8.5B |
| Core deposit and other intangible assets | $64.0M | $94.0M | $147.0M | $209.4M |
| Accrued interest and other assets | $11.3B | $9.5B | $9.2B | $8.9B |
| Total assets | $213.5B | $208.1B | $208.3B | $200.7B |
| Noninterest-bearing deposits | $46.5B | $46.0B | $49.3B | $65.5B |
| Savings and interest-checking deposits | $107.2B | $100.6B | $93.2B | $87.9B |
| Time deposits | $13.2B | $14.5B | $20.8B | $10.1B |
| Total deposits | $166.9B | $161.1B | $163.3B | $163.5B |
| Short-term borrowings | $2.1B | $1.1B | $5.3B | $3.6B |
| Long-term borrowings (a) | $10.9B | $12.6B | $8.2B | $4.0B |
| Accrued interest and other liabilities | $4.4B | $4.3B | $4.5B | $4.4B |
| Total liabilities | $184.3B | $179.1B | $181.3B | $175.4B |
| Preferred stock | $2.8B | $2.4B | $2.0B | $2.0B |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at December 31, 2025 and December 31, 2024 | 90.0M | 90.0M | 90.0M | 89.7M |
| Additional paid-in capital | $10.0B | $10.0B | $10.0B | $10.0B |
| Retained earnings | $20.9B | $19.1B | $17.5B | $15.8B |
| Accumulated other comprehensive income (loss), net | $277.0M | ($164.0M) | ($459.0M) | ($790.0M) |
| Treasury stock — common, at cost — 27,604,513 shares at December 31, 2025; 13,922,820 shares at December 31, 2024 | -4.9B | -2.4B | -2.2B | -1.8B |
| Total shareholders’ equity | $29.2B | $29.0B | $27.0B | $25.3B |
| Total liabilities and shareholders’ equity | $213.5B | $208.1B | $208.3B | $200.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $1.9B | $1.9B | $1.9B | $2.1B |
| Interest-bearing deposits at banks | $15.5B | $14.4B | $16.8B | $19.3B |
| Available for sale (cost: $25,495 at June 30, 2026; $22,994 at December 31, 2025) | $25.4B | $25.2B | $23.2B | $21.5B |
| Held to maturity (fair value: $11,119 at June 30, 2026; $11,715 at December 31, 2025) | $11.9B | $12.1B | $12.7B | $13.0B |
| Equity and other securities (cost: $1,093 at June 30, 2026; $1,016 at December 31, 2025) | $1.1B | $1.3B | $990.0M | $1.0B |
| Total investment securities | $38.4B | $38.6B | $36.9B | $35.6B |
| Loans (a) | $143.2B | $139.9B | $137.0B | $136.1B |
| Allowance for loan losses | ($2.2B) | ($2.1B) | ($2.2B) | ($2.2B) |
| Net loans | $141.0B | $137.8B | $134.8B | $133.9B |
| Premises and equipment | $1.7B | $1.7B | $1.6B | $1.6B |
| Goodwill | $8.5B | $8.5B | $8.5B | $8.5B |
| Core deposit and other intangible assets | $48.0M | $55.0M | $74.0M | $84.0M |
| Accrued interest and other assets | $12.2B | $11.7B | $10.6B | $10.4B |
| Total assets | $219.3B | $214.7B | $211.3B | $211.6B |
| Noninterest-bearing deposits | $48.3B | $45.9B | $45.0B | $47.5B |
| Savings and interest-checking deposits | $105.6B | $104.8B | $104.8B | $102.9B |
| Time deposits | $15.0B | $13.1B | $13.6B | $14.1B |
| Total deposits | $168.9B | $163.7B | $163.4B | $164.5B |
| Short-term borrowings | $4.6B | $7.9B | $2.1B | $2.1B |
| Long-term borrowings (a) | $13.6B | $11.2B | $12.9B | $12.4B |
| Accrued interest and other liabilities | $4.2B | $4.0B | $4.1B | $4.2B |
| Total liabilities | $191.3B | $186.8B | $182.5B | $183.1B |
| Preferred stock | $2.4B | $2.4B | $2.4B | $2.4B |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2026 and December 31, 2025 | 90.0M | 90.0M | 90.0M | 90.0M |
| Additional paid-in capital | $10.0B | $10.0B | $10.0B | $10.0B |
| Retained earnings | $22.0B | $21.5B | $20.4B | $19.9B |
| Accumulated other comprehensive income (loss), net | ($92.0M) | $66.0M | $277.0M | $215.0M |
| Treasury stock — common, at cost — 34,507,260 shares at June 30, 2026; 27,604,513 shares at December 31, 2025 | -6.5B | -6.1B | -4.4B | -4.0B |
| Total shareholders’ equity | $27.9B | $28.0B | $28.7B | $28.5B |
| Total liabilities and shareholders’ equity | $219.3B | $214.7B | $211.3B | $211.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $2.9B | $2.6B | $2.7B | $2.0B |
| Provision for credit losses | $505.0M | $610.0M | $645.0M | $517.0M |
| Depreciation and amortization of premises and equipment | $323.0M | $316.0M | $304.0M | $282.1M |
| Amortization of capitalized servicing rights | $133.0M | $139.0M | $131.0M | $96.5M |
| Amortization of core deposit and other intangible assets | $42.0M | $53.0M | $62.0M | $55.6M |
| Provision for deferred income taxes | ($18.0M) | ($27.0M) | ($97.0M) | ($30.0M) |
| Asset write-downs | $18.0M | $40.0M | $4.0M | $8.5M |
| Net gain on sales of assets | ($87.0M) | ($30.0M) | ($249.0M) | ($153.5M) |
| Net change in accrued interest receivable, payable | ($48.0M) | ($176.0M) | $261.0M | ($122.8M) |
| Net change in other accrued income and expense | $14.0M | $282.0M | $561.0M | ($70.0M) |
| Net change in loans originated for sale | ($372.0M) | ($128.0M) | ($192.0M) | $771.5M |
| Net change in trading account and other non-hedging derivative assets and liabilities | ($358.0M) | ($57.0M) | ($266.0M) | $1.2B |
| Net cash from operating activities | $3.0B | $3.6B | $3.9B | $4.6B |
| Investment securities available for sale | $48.0M | $167.0M | — | — |
| Equity and other securities | $578.0M | $610.0M | $1.0B | $242.6M |
| Loans | $908.0M | — | — | — |
| Investment securities available for sale | $4.5B | $6.1B | $743.0M | $795.2M |
| Investment securities held to maturity | $1.8B | $1.2B | $1.2B | $1.5B |
| Investment securities available for sale | ($8.4B) | ($14.5B) | ($346.0M) | ($7.2B) |
| Investment securities held to maturity | $0 | $0 | ($2.9B) | ($1.9B) |
| Equity and other securities | ($588.0M) | ($467.0M) | ($1.2B) | ($456.0M) |
| Loans | ($683.0M) | — | — | — |
| Net change in loans | ($3.7B) | ($2.0B) | ($2.8B) | ($3.6B) |
| Capital expenditures, net | ($143.0M) | ($216.0M) | ($256.0M) | ($214.4M) |
| Net change in loan servicing advances | ($1.1B) | ($26.0M) | $274.0M | $1.6B |
| Other, net | $19.0M | ($538.0M) | ($440.0M) | ($619.0M) |
| Net cash from investing activities | ($6.8B) | ($550.0M) | ($7.9B) | $16.6B |
| Net change in deposits | $5.8B | ($2.2B) | ($248.0M) | ($21.0B) |
| Net change in short-term borrowings | $1.1B | ($4.3B) | $1.8B | $2.6B |
| Proceeds from long-term borrowings | $3.5B | $5.5B | $5.0B | $998.5M |
| Payments on long-term borrowings | ($5.4B) | ($1.0B) | ($824.0M) | ($907.2M) |
| Purchases of treasury stock | ($2.6B) | ($396.0M) | ($594.0M) | ($1.8B) |
| Dividends paid — common | ($899.0M) | ($895.0M) | ($868.0M) | ($784.1M) |
| Dividends paid — preferred | ($146.0M) | ($138.0M) | ($100.0M) | ($96.9M) |
| Proceeds from issuance of Series J preferred stock | $440.0M | $733.0M | — | — |
| Redemption of Series E preferred stock | $0 | $350.0M | — | — |
| Other, net | ($20.0M) | $114.0M | $18.0M | ($13.2M) |
| Net cash from financing activities | $1.8B | ($2.9B) | $4.2B | ($21.0B) |
| Net change in cash and cash equivalents | ($2.0B) | $178.0M | $211.0M | $182.7M |
| Cash, cash equivalents and restricted cash at beginning of period (a) | $20.8B | $1.7B | $1.5B | $1.3B |
| Cash, cash equivalents and restricted cash at end of period (a) | $18.8B | — | — | — |
| Interest received during the period | $10.7B | $11.1B | $10.1B | $6.1B |
| Interest paid during the period | $3.5B | $4.3B | $2.7B | $428.8M |
| Income taxes paid during the period | $529.0M | $236.0M | $452.0M | $487.6M |
| Real estate acquired in settlement of loans | $15.0M | $33.0M | $23.0M | $31.4M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.5B | $664.0M | $2.1B | $1.3B |
| Provision for credit losses | $260.0M | $140.0M | $380.0M | $255.0M |
| Depreciation and amortization of premises and equipment | $156.0M | $79.0M | $243.0M | $164.0M |
| Amortization of capitalized servicing rights | $18.0M | $9.0M | $101.0M | $68.0M |
| Amortization of core deposit and other intangible assets | $16.0M | $9.0M | $32.0M | $22.0M |
| Provision for deferred income taxes | $30.0M | $14.0M | ($38.0M) | ($22.0M) |
| Asset write-downs | $3.0M | $3.0M | $16.0M | $6.0M |
| Net gain on sales of assets | ($13.0M) | ($9.0M) | ($79.0M) | ($35.0M) |
| Net change in accrued interest receivable, payable | $39.0M | ($62.0M) | ($86.0M) | ($13.0M) |
| Net change in other accrued income and expense | ($166.0M) | ($97.0M) | $138.0M | $53.0M |
| Net change in loans originated for sale | $416.0M | $220.0M | ($3.0M) | ($70.0M) |
| Net change in trading account and other non-hedging derivative assets and liabilities | $39.0M | $42.0M | ($316.0M) | ($249.0M) |
| Net cash from operating activities | $2.3B | $1.0B | $2.5B | $1.5B |
| Investment securities available for sale | $2.5B | $2.5B | $0 | $0 |
| Equity and other securities | $740.0M | $322.0M | $380.0M | $304.0M |
| Loans | $22.0M | $6.0M | $814.0M | $780.0M |
| Investment securities available for sale | $2.0B | $1.2B | $3.6B | $2.1B |
| Investment securities held to maturity | $611.0M | $315.0M | $1.5B | $1.2B |
| Investment securities available for sale | ($6.9B) | ($5.9B) | ($7.6B) | ($4.5B) |
| Investment securities held to maturity | ($80.0M) | — | — | — |
| Equity and other securities | ($813.0M) | ($579.0M) | ($363.0M) | ($301.0M) |
| Loans | ($259.0M) | $0 | $683.0M | $365.0M |
| Net change in loans | ($4.9B) | ($1.6B) | ($2.0B) | ($1.2B) |
| Capital expenditures, net | ($117.0M) | ($96.0M) | ($87.0M) | ($51.0M) |
| Net change in loan servicing advances | ($444.0M) | ($280.0M) | ($911.0M) | ($712.0M) |
| Other, net | ($370.0M) | ($180.0M) | $198.0M | $219.0M |
| Net cash from investing activities | ($8.2B) | ($4.3B) | ($3.0B) | ($3.0B) |
| Net change in deposits | $2.0B | ($3.2B) | $2.3B | $3.4B |
| Net change in short-term borrowings | $2.5B | $5.7B | $999.0M | $1.0B |
| Proceeds from long-term borrowings | $3.2B | $508.0M | $3.5B | $2.8B |
| Payments on long-term borrowings | ($463.0M) | ($212.0M) | ($3.4B) | ($3.2B) |
| Redemption of Series G preferred stock | ($400.0M) | ($400.0M) | $0 | — |
| Purchases of treasury stock | ($1.7B) | ($1.2B) | ($2.1B) | ($1.7B) |
| Dividends paid — common | ($445.0M) | ($227.0M) | ($671.0M) | ($438.0M) |
| Dividends paid — preferred | ($86.0M) | ($48.0M) | ($112.0M) | ($71.0M) |
| Other, net | ($12.0M) | ($26.0M) | ($25.0M) | ($30.0M) |
| Net cash from financing activities | $4.5B | $891.0M | $545.0M | $1.7B |
| Net change in cash, cash equivalents and restricted cash | ($1.3B) | ($2.4B) | $41.0M | $219.0M |
| Cash, cash equivalents and restricted cash at beginning of period | $18.8B | $18.8B | $1.9B | $1.9B |
| Cash, cash equivalents and restricted cash at end of period | $17.4B | $16.3B | $1.9B | $2.1B |
| Interest received during the period | $5.3B | $2.6B | $8.0B | $5.2B |
| Interest paid during the period | $1.6B | $862.0M | $2.7B | $1.7B |
| Income taxes paid during the period | $256.0M | $34.0M | $314.0M | $150.0M |
| Real estate and other foreclosed assets acquired in settlement of loans | $8.0M | $5.0M | $13.0M | $11.0M |
| Additions to right-of-use assets under operating leases | $135.0M | $70.0M | $75.0M | $57.0M |
M&T BANK CORP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.