MTB-PJ Q1 2016 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

Q1 2016 Earnings

Reported April 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$1.4B	—	—	—	—
Op. Income	$468M	—	—	—	—
Gross Margin	89.2%	—	—	—	—
Net Margin	21.4%	—	—	—	—
EPS (Diluted)	$1.73	—	—	—	—
Free Cash Flow	$432M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$150M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$457M
SG&A Expenses	$478M
Other Expenses	$298M
Operating Expenses	$776M
Cost & Expenses	$926M
OPERATING INCOME	$468M
Interest Income	$973M
Interest Expense	$101M
Other Income/Expenses	$0
INCOME BEFORE TAX	$468M
Income Tax Expense	$169M
Net Income from Continuing Ops	$299M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$299M
Net Income Deductions	-$4.0K
BOTTOM LINE NET INCOME	$276M
D&A	$52M
EBIT	$468M
EBITDA	$520M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$150M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$457M
SG&A Expenses	$478M
Other Expenses	$298M
Operating Expenses	$776M
Cost & Expenses	$926M
OPERATING INCOME	$468M
Interest Income	$973M
Interest Expense	$101M
Other Income/Expenses	$0
INCOME BEFORE TAX	$468M
Income Tax Expense	$169M
Net Income from Continuing Ops	$299M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$299M
Net Income Deductions	-$4.0K
BOTTOM LINE NET INCOME	$276M
D&A	$52M
EBIT	$468M
EBITDA	$520M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$299M
Depreciation & Amortization	$52M
Stock-Based Compensation	$0
Deferred Income Tax	$50M
Other Non-Cash Items	$53M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$448M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$317M
Sales/Maturities of Investments	$663M
Other Investing Activities	-$2.3B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	-$661M
Common Stock Repurchased	-$100M
Common Dividends Paid	-$112M
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$432M
Net Change in Cash	-$190M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.7B
Short-Term Investments	$12.2B
Net Receivables	$5.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$28.6B
PP&E (Net)	$663M
Goodwill	$4.6B
Intangible Assets	$128M
Long-Term Investments	$90.2B
Tax Assets	$0
Other Non-Current Assets	$468M
TOTAL NON-CURRENT ASSETS	$95.6B
TOTAL ASSETS	$124.6B
Account Payables	$1.9B
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$94.2B
TOTAL CURRENT LIABILITIES	$97.9B
Long-Term Debt	$10.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10.3B
TOTAL LIABILITIES	$108.3B
Common Stock	$82M
Additional Paid-In Capital	$6.7B
Retained Earnings	$8.6B
Treasury Stock	-$89M
Accum. Other Comp. Income	-$150M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.4B
Minority Interest	$0
TOTAL EQUITY	$16.4B
TOTAL LIABILITIES & EQUITY	$124.6B
Total Debt	$12.1B
Net Debt	$1.4B