MTB-PJ FY 2016 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.0B	—	14.5%
Op. Income	$2.1B	—	$1.7B	—	22.9%
Gross Margin	89.2%	—	90.0%	—	-0.8pp
Net Margin	23.0%	—	21.6%	—	1.4pp
EPS (Diluted)	$7.78	—	$7.18	—	8.4%
Free Cash Flow	$1.1B	—	$1.7B	—	-35.2%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$616M
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$87M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$1.2B
Operating Expenses	$3.0B
Cost & Expenses	$3.7B
OPERATING INCOME	$2.1B
Interest Income	$3.9B
Interest Expense	$426M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$743M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	-$22.0K
BOTTOM LINE NET INCOME	$1.2B
D&A	$201M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$616M
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$87M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$1.2B
Operating Expenses	$3.0B
Cost & Expenses	$3.7B
OPERATING INCOME	$2.1B
Interest Income	$3.9B
Interest Expense	$426M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$743M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	-$22.0K
BOTTOM LINE NET INCOME	$1.2B
D&A	$201M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$201M
Stock-Based Compensation	$0
Deferred Income Tax	$174M
Other Non-Cash Items	$148M
Change in Working Capital	-$654M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$108M
Acquisitions (Net)	$0
Purchases of Investments	-$3.8B
Sales/Maturities of Investments	$3.1B
Other Investing Activities	$90M
NET CASH FROM INVESTING	-$721M
Net Debt Issuance	-$3.1B
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$442M
Other Financing Activities	$3.7B
NET CASH FROM FINANCING	-$510M
FREE CASH FLOW	$1.1B
Net Change in Cash	-$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.3B
Short-Term Investments	$13.3B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$21.1B
PP&E (Net)	$675M
Goodwill	$4.6B
Intangible Assets	$98M
Long-Term Investments	$91.4B
Tax Assets	$0
Other Non-Current Assets	$5.3B
TOTAL NON-CURRENT ASSETS	$102.1B
TOTAL ASSETS	$123.4B
Account Payables	$1.8B
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$95.5B
TOTAL CURRENT LIABILITIES	$98.7B
Long-Term Debt	$8.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$163M
TOTAL NON-CURRENT LIABILITIES	$8.2B
TOTAL LIABILITIES	$107.0B
Common Stock	$82M
Additional Paid-In Capital	$6.7B
Retained Earnings	$9.2B
Treasury Stock	-$432M
Accum. Other Comp. Income	-$295M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.5B
Minority Interest	$0
TOTAL EQUITY	$16.5B
TOTAL LIABILITIES & EQUITY	$123.4B
Total Debt	$9.8B
Net Debt	$3.5B