MTB (M&T Bank Corporation) Stock Financials & Earnings | Market Cap Arena

MTB (M&T Bank Corporation) Stock Financials & Earnings | Market Cap Arena

MTBM&T Bank Corporation

Mkt Cap$32B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Revenue (TTM)$12.3B

Net Income (TTM)$2.9B

EPS (TTM)$17.05

Free Cash Flow (TTM)$2.9B

Gross Margin74.6%

Op. Margin30.0%

Net Margin23.2%

FCF Margin23.9%

P/S Ratio (TTM)2.6x

P/E Ratio (TTM)11.3x

YoY Rev Growth-8.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.9B	$2.3B	$926M
Q2 23	$3.3B	$2.5B	$1.2B
Q3 23	$3.2B	$2.2B	$907M
Q4 23	$3.3B	$2.1B	$626M
Q1 24	$3.3B	$2.0B	$664M
Q2 24	$3.4B	$2.2B	$855M
Q3 24	$3.4B	$2.2B	$909M
Q4 24	$3.3B	$2.2B	$882M
Q1 25	$3.2B	$2.2B	$761M
Q2 25	$3.3B	$2.3B	$935M
Q3 25	$2.5B	$2.4B	$1.0B
Q4 25	$3.3B	$2.4B	$971M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.2x	13.9x
Q2 23	2.9x	10.8x
Q3 23	2.7x	10.7x
Q4 23	2.5x	11.8x
Q1 24	2.5x	12.6x
Q2 24	2.5x	13.7x
Q3 24	2.4x	13.5x
Q4 24	2.4x	12.5x
Q1 25	2.4x	12.2x
Q2 25	2.4x	12.0x
Q3 25	2.6x	11.6x
Q4 25	2.6x	11.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$428M	$373M
Q2 23	$1.3B	$1.2B
Q3 23	$1.4B	$1.4B
Q4 23	$800M	$712M
Q1 24	$608M	$573M
Q2 24	$1.4B	$1.3B
Q3 24	-$28M	-$58M
Q4 24	$1.7B	$1.6B
Q1 25	$635M	$610M
Q2 25	$844M	$818M
Q3 25	$1.0B	$1.1B
Q4 25	$523M	$467M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$55M
Q2 23	$46M
Q3 23	$67M
Q4 23	$88M
Q1 24	$35M
Q2 24	$66M
Q3 24	$30M
Q4 24	$85M
Q1 25	$25M
Q2 25	$26M
Q3 25	$51M
Q4 25	$56M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+97.0%	+98.0%
Q2 23	+63.0%	+22.8%
Q3 23	+36.5%	+53.2%
Q4 23	+19.8%	+53.3%
Q1 24	+14.0%	+33.9%
Q2 24	+1.6%	+16.6%
Q3 24	+5.9%	+8.2%
Q4 24	+1.3%	-8.0%
Q1 25	-3.9%	-8.6%
Q2 25	-2.4%	-6.4%
Q3 25	-25.9%	-40.0%
Q4 25	-0.2%	-3.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$136M	4.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$838M	$31M
Q2 23	$766M	$28M
Q3 23	$756M	$23M
Q4 23	$755M	$26M
Q1 24	$864M	$20M
Q2 24	$801M	$27M
Q3 24	$800M	$27M
Q4 24	$780M	$30M
Q1 25	$910M	$22M
Q2 25	$813M	$25M
Q3 25	$600M	$63M
Q4 25	$809M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$24.1B	$5.1B	$29.2B
Q2 23	$29.0B	$6.4B	$35.4B
Q3 23	$31.9B	$7.3B	$39.1B
Q4 23	$29.8B	$10.4B	$40.2B
Q1 24	$33.8B	$8.1B	$41.9B
Q2 24	$26.6B	$9.7B	$36.3B
Q3 24	$26.6B	$12.6B	$39.3B
Q4 24	$20.8B	$14.4B	$35.2B
Q1 25	$22.8B	$16.0B	$38.8B
Q2 25	$21.4B	$35.6B	$57.0B
Q3 25	$18.7B	$19.3B	$38.0B
Q4 25	$18.8B	$36.6B	$55.4B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	168M	-2.2%
Q2 23	166M	-1.2%
Q3 23	167M	+0.2%
Q4 23	167M	+0.1%
Q1 24	167M	+0.2%
Q2 24	168M	+0.3%
Q3 24	168M	-0.1%
Q4 24	167M	-0.4%
Q1 25	165M	-1.2%
Q2 25	160M	-3.1%
Q3 25	157M	-2.2%
Q4 25	157M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$324K	15K
FY 15	$306K	16K
FY 16	$358K	16K
FY 17	$378K	16K
FY 18	$393K	16K
FY 19	$408K	17K
FY 20	$362K	17K
FY 21	$346K	18K
FY 22	$370K	23K
FY 23	$563K	22K
FY 24	$613K	22K
FY 25	$564K	22K