MTB-PJ FY 2017 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$6.0B	—	$5.7B	—	5.2%
Op. Income	$2.3B	—	$2.1B	—	12.9%
Gross Margin	90.8%	—	89.2%	—	1.5pp
Net Margin	23.4%	—	23.0%	—	0.4pp
EPS (Diluted)	$8.70	—	$7.78	—	11.8%
Free Cash Flow	$2.7B	—	$1.1B	—	151.3%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$555M
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$2.3B
Interest Income	$4.2B
Interest Expense	$387M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$916M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	-$14.0K
BOTTOM LINE NET INCOME	$1.3B
D&A	$197M
EBIT	$2.3B
EBITDA	$2.5B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$555M
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$2.3B
Interest Income	$4.2B
Interest Expense	$387M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$916M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	-$14.0K
BOTTOM LINE NET INCOME	$1.3B
D&A	$197M
EBIT	$2.3B
EBITDA	$2.5B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$197M
Stock-Based Compensation	$0
Deferred Income Tax	$401M
Other Non-Cash Items	$130M
Change in Working Capital	$646M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$79M
Acquisitions (Net)	$0
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$3.4B
Other Investing Activities	$1.9B
NET CASH FROM INVESTING	$3.4B
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$457M
Other Financing Activities	-$3.1B
NET CASH FROM FINANCING	-$6.1B
FREE CASH FLOW	$2.7B
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.5B
Short-Term Investments	$10.9B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18.8B
PP&E (Net)	$646M
Goodwill	$4.6B
Intangible Assets	$72M
Long-Term Investments	$89.3B
Tax Assets	$0
Other Non-Current Assets	$5.0B
TOTAL NON-CURRENT ASSETS	$99.6B
TOTAL ASSETS	$118.6B
Account Payables	$1.6B
Short-Term Debt	$772M
Deferred Revenue	$0
Other Current Liabilities	$92.4B
TOTAL CURRENT LIABILITIES	$94.8B
Long-Term Debt	$7.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$175M
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$102.3B
Common Stock	$82M
Additional Paid-In Capital	$6.6B
Retained Earnings	$10.2B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	-$364M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.3B
Minority Interest	$0
TOTAL EQUITY	$16.3B
TOTAL LIABILITIES & EQUITY	$118.6B
Total Debt	$8.5B
Net Debt	$2.0B