MTB-PJ Q2 2016 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

Q2 2016 Earnings

Reported August 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$1.4B	$1.4B	—	1.8%	—
Op. Income	$530M	$468M	—	13.3%	—
Gross Margin	90.2%	89.2%	—	1.0pp	—
Net Margin	23.7%	21.4%	—	2.3pp	—
EPS (Diluted)	$1.98	$1.73	—	14.5%	—
Free Cash Flow	$181M	$432M	—	-58.0%	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$139M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$421M
SG&A Expenses	$444M
Other Expenses	$306M
Operating Expenses	$750M
Cost & Expenses	$889M
OPERATING INCOME	$530M
Interest Income	$971M
Interest Expense	$107M
Other Income/Expenses	$0
INCOME BEFORE TAX	$530M
Income Tax Expense	$194M
Net Income from Continuing Ops	$336M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$336M
Net Income Deductions	-$6.0K
BOTTOM LINE NET INCOME	$313M
D&A	$50M
EBIT	$530M
EBITDA	$580M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$139M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$421M
SG&A Expenses	$444M
Other Expenses	$306M
Operating Expenses	$750M
Cost & Expenses	$889M
OPERATING INCOME	$530M
Interest Income	$971M
Interest Expense	$107M
Other Income/Expenses	$0
INCOME BEFORE TAX	$530M
Income Tax Expense	$194M
Net Income from Continuing Ops	$336M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$336M
Net Income Deductions	-$6.0K
BOTTOM LINE NET INCOME	$313M
D&A	$50M
EBIT	$530M
EBITDA	$580M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$336M
Depreciation & Amortization	$50M
Stock-Based Compensation	$0
Deferred Income Tax	$44M
Other Non-Cash Items	$26M
Change in Working Capital	-$255M
OPERATING CASH FLOW	$202M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	-$213M
Sales/Maturities of Investments	$787M
Other Investing Activities	$555M
NET CASH FROM INVESTING	$1.1B
Net Debt Issuance	-$1.4B
Common Stock Repurchased	-$154M
Common Dividends Paid	-$111M
Other Financing Activities	$440M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$181M
Net Change in Cash	$106M

Balance Sheet

Item	Amount
Cash & Equivalents	$9.8B
Short-Term Investments	$11.9B
Net Receivables	$5.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.4B
PP&E (Net)	$658M
Goodwill	$4.6B
Intangible Assets	$117M
Long-Term Investments	$90.6B
Tax Assets	$0
Other Non-Current Assets	$506M
TOTAL NON-CURRENT ASSETS	$96.5B
TOTAL ASSETS	$123.8B
Account Payables	$2.0B
Short-Term Debt	$407M
Deferred Revenue	$0
Other Current Liabilities	$94.7B
TOTAL CURRENT LIABILITIES	$97.0B
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	$107.3B
Common Stock	$82M
Additional Paid-In Capital	$6.7B
Retained Earnings	$8.8B
Treasury Stock	-$233M
Accum. Other Comp. Income	-$101M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.5B
Minority Interest	$0
TOTAL EQUITY	$16.5B
TOTAL LIABILITIES & EQUITY	$123.8B
Total Debt	$10.7B
Net Debt	$977M