M&T BANK CORP

EDGAR

Annual consolidated revenue for 2025: about USD 1.657B, using the latest reported figures. The previous period, 2024, was about USD 1.541B.

Watchlist

Latest quarter

Revenue

442 million USD

2026 Q2 · USD

Exact inputs and evidence

Net margin

185.07%

2026 Q2 · %

Exact inputs and evidence
  • Net Income: 818000000 USD Source
  • Revenue: 442000000 USD Source

Operating cash flow

1.27 billion USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 2280000000 USD Source
  • Operating Cash Flow: 1012000000 USD Source
Cash and cash equivalents
1.42 billion USD Source
Exact value

1420888000 USD

Long-term debt including current maturities
13.6 billion USD Source
Exact value

13568000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.7 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 423000000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 1657000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 1237000000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 418000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 442000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

3.03 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 792000000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: 2851000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 2092000000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 664000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 818000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

3.8 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 2480000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 1479000000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 3003000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 2480000000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 1012000000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 2280000000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 1012000000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-16.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 3 of 11 periods available· newest 2017-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +7.5%

    Prior period

    USD 1.54 billion

    –

    Current period

    USD 1.66 billion

    –

    Exact inputs and evidence

    1657000000 − 1541000000 = 116000000 USD

    1541000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1657000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +10.2%

    Prior period

    USD 2.59 billion

    –

    Current period

    USD 2.85 billion

    –

    Exact inputs and evidence

    2851000000 − 2588000000 = 263000000 USD

    2588000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2851000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -16.8%

    Prior period

    USD 3.61 billion

    –

    Current period

    USD 3 billion

    –

    Exact inputs and evidence

    3003000000 − 3610000000 = -607000000 USD

    3610000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3003000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.66 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 2.85 billion 172% of revenue

Cash

  • Operating cash flow USD 3 billion 181% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-315295883000 UnavailableUnavailableUnavailable1315114000 Unavailable
Source
2017 2017-01-01 – 2017-12-315632187000 UnavailableUnavailableUnavailable1408306000 Unavailable
Source
2018 2018-01-01 – 2018-12-315928302000 UnavailableUnavailableUnavailable1918080000 Unavailable
Source
2019 2019-01-01 – 2019-12-316191943000 UnavailableUnavailableUnavailable1929149000 Unavailable
Source
2020 2020-01-01 – 2020-12-315954761000 UnavailableUnavailableUnavailable1353152000 Unavailable
Source
2021 2021-01-01 – 2021-12-315992000000 UnavailableUnavailableUnavailable1859000000 Unavailable
Source
2022 2022-01-01 – 2022-12-311525000000 UnavailableUnavailableUnavailable1992000000 Unavailable
Source
2023 2023-01-01 – 2023-12-311484000000 UnavailableUnavailableUnavailable2741000000 Unavailable
Source
2024 2024-01-01 – 2024-12-311541000000 UnavailableUnavailableUnavailable2588000000 Unavailable
Source
2025 2025-01-01 – 2025-12-311657000000 UnavailableUnavailableUnavailable2851000000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.7B5.0B3.3B1.7B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue5295883000
2017Revenue5632187000
2018Revenue5928302000
2019Revenue6191943000
2020Revenue5954761000
2021Revenue5992000000
2022Revenue1525000000
2023Revenue1484000000
2024Revenue1541000000
2025Revenue1657000000

Revenue growth

Change in revenue from the same financial period one year earlier.

7.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21%-5%-31%-56%-82%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year13.5%
2017Year over year6.4%
2018Year over year5.3%
2019Year over year4.4%
2020Year over year-3.8%
2021Year over year0.6%
2022Year over year-74.5%
2023Year over year-2.7%
2024Year over year3.8%
2025Year over year7.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 172.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.199%150%100%50%0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin24.8%
2017Net margin25%
2018Net margin32.4%
2019Net margin31.2%
2020Net margin22.7%
2021Net margin31%
2022Net margin130.6%
2023Net margin184.7%
2024Net margin167.9%
2025Net margin172.1%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 3B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.9B3.7B2.5B1.2B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1183411000
2017Operating cash flow2781935000
2018Operating cash flow2089852000
2019Operating cash flow2357555000
2020Operating cash flow789187000
2021Operating cash flow2715000000
2022Operating cash flow4574000000
2023Operating cash flow3905000000
2024Operating cash flow3610000000
2025Operating cash flow3003000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

86.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.96%72%48%24%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets86.6%
2017Liabilities / assets86.3%
2018Liabilities / assets87.1%
2019Liabilities / assets86.9%
2020Liabilities / assets88.6%
2021Liabilities / assets88.5%
2022Liabilities / assets87.4%
2023Liabilities / assets87.1%
2024Liabilities / assets86.1%
2025Liabilities / assets86.3%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 1.32 billion
Exact value

Exact value: 1315114000 USD

2016-01-01 – 2016-12-31: 1315114000 USD Inspect Net Income Open source
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USD 1.18 billion
Exact value

Exact value: 1183411000 USD

2016-01-01 – 2016-12-31: 1183411000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 1.41 billion
Exact value

Exact value: 1408306000 USD

2017-01-01 – 2017-12-31: 1408306000 USD Inspect Net Income Open source
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USD 2.78 billion
Exact value

Exact value: 2781935000 USD

2017-01-01 – 2017-12-31: 2781935000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 1.92 billion
Exact value

Exact value: 1918080000 USD

2018-01-01 – 2018-12-31: 1918080000 USD Inspect Net Income Open source
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USD 2.09 billion
Exact value

Exact value: 2089852000 USD

2018-01-01 – 2018-12-31: 2089852000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 1.93 billion
Exact value

Exact value: 1929149000 USD

2019-01-01 – 2019-12-31: 1929149000 USD Inspect Net Income Open source
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USD 2.36 billion
Exact value

Exact value: 2357555000 USD

2019-01-01 – 2019-12-31: 2357555000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 1.35 billion
Exact value

Exact value: 1353152000 USD

2020-01-01 – 2020-12-31: 1353152000 USD Inspect Net Income Open source
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USD 789.19 million
Exact value

Exact value: 789187000 USD

2020-01-01 – 2020-12-31: 789187000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 1.86 billion
Exact value

Exact value: 1859000000 USD

2021-01-01 – 2021-12-31: 1859000000 USD Inspect Net Income Open source
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USD 2.72 billion
Exact value

Exact value: 2715000000 USD

2021-01-01 – 2021-12-31: 2715000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
USD 1.99 billion
Exact value

Exact value: 1992000000 USD

2022-01-01 – 2022-12-31: 1992000000 USD Inspect Net Income Open source
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USD 4.57 billion
Exact value

Exact value: 4574000000 USD

2022-01-01 – 2022-12-31: 4574000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
USD 2.74 billion
Exact value

Exact value: 2741000000 USD

2023-01-01 – 2023-12-31: 2741000000 USD Inspect Net Income Open source
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USD 3.91 billion
Exact value

Exact value: 3905000000 USD

2023-01-01 – 2023-12-31: 3905000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 2.59 billion
Exact value

Exact value: 2588000000 USD

2024-01-01 – 2024-12-31: 2588000000 USD Inspect Net Income Open source
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USD 3.61 billion
Exact value

Exact value: 3610000000 USD

2024-01-01 – 2024-12-31: 3610000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
USD 2.85 billion
Exact value

Exact value: 2851000000 USD

2025-01-01 – 2025-12-31: 2851000000 USD Inspect Net Income Open source
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USD 3 billion
Exact value

Exact value: 3003000000 USD

2025-01-01 – 2025-12-31: 3003000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

447 filings · 10,178 latest values · 10,182 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000036270, 36270, MTB, MTB-PH, MTB-PJ, MTB-PK, MTB-PL, edgar:36270

Also known as FIRST EMPIRE STATE CORP, M&T BANK CORP, M&T BANK CORPORATION