MTB-PJ FY 2019 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$6.9B	—	$6.5B	—	7.5%
Op. Income	$2.5B	—	$2.5B	—	1.6%
Gross Margin	86.7%	—	89.8%	—	-3.1pp
Net Margin	27.8%	—	29.7%	—	-1.9pp
EPS (Diluted)	$13.75	—	$12.74	—	7.9%
Free Cash Flow	$2.2B	—	$2.0B	—	9.4%

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$925M
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$93M
General & Administrative	$1.9B
SG&A Expenses	$2.0B
Other Expenses	$1.4B
Operating Expenses	$3.5B
Cost & Expenses	$4.4B
OPERATING INCOME	$2.5B
Interest Income	$4.9B
Interest Expense	$749M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$618M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$1.8B
D&A	$301M
EBIT	$2.5B
EBITDA	$2.8B
EPS	$14
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$925M
GROSS PROFIT	$6.0B
R&D Expenses	$0
Selling & Marketing	$93M
General & Administrative	$1.9B
SG&A Expenses	$2.0B
Other Expenses	$1.4B
Operating Expenses	$3.5B
Cost & Expenses	$4.4B
OPERATING INCOME	$2.5B
Interest Income	$4.9B
Interest Expense	$749M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$618M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$1.8B
D&A	$301M
EBIT	$2.5B
EBITDA	$2.8B
EPS	$14
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$301M
Stock-Based Compensation	$0
Deferred Income Tax	$58M
Other Non-Cash Items	$215M
Change in Working Capital	-$146M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$178M
Acquisitions (Net)	$0
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$5.0B
Other Investing Activities	-$2.5B
NET CASH FROM INVESTING	$727M
Net Debt Issuance	-$5.9B
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$552M
Other Financing Activities	$4.6B
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$2.2B
Net Change in Cash	-$169M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.6B
Short-Term Investments	$6.3B
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$16.4B
PP&E (Net)	$1.1B
Goodwill	$4.6B
Intangible Assets	$29M
Long-Term Investments	$91.6B
Tax Assets	$0
Other Non-Current Assets	$5.6B
TOTAL NON-CURRENT ASSETS	$103.0B
TOTAL ASSETS	$119.9B
Account Payables	$2.3B
Short-Term Debt	$164M
Deferred Revenue	$0
Other Current Liabilities	$94.8B
TOTAL CURRENT LIABILITIES	$97.3B
Long-Term Debt	$6.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$6.9B
TOTAL LIABILITIES	$104.2B
Common Stock	$81M
Additional Paid-In Capital	$6.6B
Retained Earnings	$12.8B
Treasury Stock	-$4.8B
Accum. Other Comp. Income	-$207M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.7B
Minority Interest	$0
TOTAL EQUITY	$15.7B
TOTAL LIABILITIES & EQUITY	$119.9B
Total Debt	$7.0B
Net Debt	-$1.6B