M&T Bank income statement
In fiscal 2025, M&T Bank reported revenue of $9.69bn, up 4.4% on the year before and net income of $2.85bn, or $17.00 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,104 | 3,376 | 3,973 | 4,266 | 4,538 | 4,456 | 4,668 | 5,296 | 5,632 | 5,928 | 6,192 | 5,955 | 5,992 | 8,179 | 9,643 | 9,279 | 9,690 | 9,961 |
| Interest expense | 669 | 462 | 402 | 343 | 284 | 280 | 328 | 426 | 387 | 526 | 749 | 326 | 114 | 425 | 3,109 | — | — | — |
| Net interest income | 2,056 | 2,268 | 2,390 | 2,599 | 2,673 | 2,676 | 2,843 | 3,470 | 3,781 | 4,072 | 4,130 | 3,866 | 3,825 | 5,822 | 7,115 | 6,852 | 6,948 | 7,084 |
| Non-interest income | 1,048 | 1,108 | 1,583 | 1,667 | 1,865 | 1,779 | 1,825 | 1,826 | 1,851 | 1,856 | 2,062 | 2,088 | 2,167 | 2,357 | 2,528 | 2,427 | 2,742 | 2,877 |
| Non-interest expense | 1,981 | 1,915 | 2,478 | 2,509 | 2,588 | 2,689 | 2,823 | 3,047 | 3,140 | 3,288 | 3,469 | 3,385 | 3,612 | 5,050 | 5,379 | 5,359 | 5,493 | 5,529 |
| Provision for credit losses | 604 | 368 | 270 | 204 | 185 | 124 | 170 | 190 | 168 | 132 | 176 | 800 | −75 | 517 | 645 | 610 | 485 | 495 |
| Income before tax | 519 | 1,093 | 1,225 | 1,553 | 1,766 | 1,642 | 1,675 | 2,058 | 2,324 | 2,508 | 2,547 | 1,770 | 2,455 | 2,612 | 3,619 | 3,310 | 3,692 | 3,922 |
| Income tax | 139 | 357 | 365 | 523 | 627 | 576 | 595 | 743 | 916 | 590 | 618 | 416 | 596 | 620 | 878 | 722 | 841 | 889 |
| Net income | 380 | 736 | 859 | 1,029 | 1,138 | 1,066 | 1,080 | 1,315 | 1,408 | 1,918 | 1,929 | 1,353 | 1,859 | 1,992 | 2,741 | 2,588 | 2,851 | 3,033 |
| Diluted EPS | $2.89 | $5.69 | $6.35 | $7.54 | $8.20 | $7.42 | $7.18 | $7.78 | $8.70 | $12.74 | $13.75 | $9.94 | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 | $19.99 |
| Diluted shares (average) | 115m | 119m | 123m | 126m | 130m | 132m | 138m | 157m | 153m | 144m | 134m | 129m | 129m | 164m | 167m | 167m | 159m | 152m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,332 | 2,385 | 2,306 | 2,396 | 2,513 | 2,475 | 2,441 | 2,532 |
| Net interest income | 1,726 | 1,728 | 1,695 | 1,713 | 1,761 | 1,779 | 1,752 | 1,792 |
| Non-interest income | 606 | 657 | 611 | 683 | 752 | 696 | 689 | 740 |
| Non-interest expense | 1,303 | 1,363 | 1,415 | 1,336 | 1,363 | 1,379 | 1,438 | 1,349 |
| Provision for credit losses | 120 | 140 | 130 | 105 | 110 | 140 | 125 | 120 |
| Income before tax | 909 | 882 | 761 | 935 | 1,025 | 971 | 863 | 1,063 |
| Income tax | 188 | 201 | 177 | 219 | 233 | 212 | 199 | 245 |
| Net income | 721 | 681 | 584 | 716 | 792 | 759 | 664 | 818 |
| Diluted EPS | $4.02 | $3.86 | $3.32 | $4.24 | $4.82 | $4.66 | $4.13 | $5.32 |
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