MTB-PJ Q4 2020 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

Q4 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$1.6B	$1.5B	$1.7B	4.5%	-6.8%
Op. Income	$621M	$487M	$652M	27.4%	-4.9%
Gross Margin	92.2%	86.3%	86.5%	5.8pp	5.7pp
Net Margin	29.6%	24.5%	28.9%	5.2pp	0.7pp
EPS (Diluted)	$3.52	$2.75	$3.60	28.0%	-2.2%
Free Cash Flow	$617M	-$38M	$1.1B	1735.8%	-42.4%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$125M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$491M
SG&A Expenses	$509M
Other Expenses	$336M
Operating Expenses	$845M
Cost & Expenses	$970M
OPERATING INCOME	$621M
Interest Income	$1.0B
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$621M
Income Tax Expense	$149M
Net Income from Continuing Ops	$471M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$471M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$452M
D&A	$80M
EBIT	$621M
EBITDA	$701M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$125M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$491M
SG&A Expenses	$509M
Other Expenses	$336M
Operating Expenses	$845M
Cost & Expenses	$970M
OPERATING INCOME	$621M
Interest Income	$1.0B
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$621M
Income Tax Expense	$149M
Net Income from Continuing Ops	$471M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$471M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$452M
D&A	$80M
EBIT	$621M
EBITDA	$701M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$471M
Depreciation & Amortization	$80M
Stock-Based Compensation	$0
Deferred Income Tax	$89M
Other Non-Cash Items	$74M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$664M
Capital Expenditure	-$47M
Acquisitions (Net)	$0
Purchases of Investments	-$7M
Sales/Maturities of Investments	$669M
Other Investing Activities	-$4.7B
NET CASH FROM INVESTING	-$4.0B
Net Debt Issuance	-$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$142M
Other Financing Activities	$4.6B
NET CASH FROM FINANCING	$3.4B
FREE CASH FLOW	$617M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$25.2B
Short-Term Investments	$4.8B
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$31.3B
PP&E (Net)	$1.2B
Goodwill	$4.6B
Intangible Assets	$14M
Long-Term Investments	$97.8B
Tax Assets	$0
Other Non-Current Assets	$7.8B
TOTAL NON-CURRENT ASSETS	$111.3B
TOTAL ASSETS	$142.6B
Account Payables	$2.2B
Short-Term Debt	$59M
Deferred Revenue	$0
Other Current Liabilities	$119.8B
TOTAL CURRENT LIABILITIES	$122.0B
Long-Term Debt	$4.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$126.4B
Common Stock	$81M
Additional Paid-In Capital	$6.6B
Retained Earnings	$13.4B
Treasury Stock	-$5.1B
Accum. Other Comp. Income	-$63M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.2B
Minority Interest	$0
TOTAL EQUITY	$16.2B
TOTAL LIABILITIES & EQUITY	$142.6B
Total Debt	$4.4B
Net Debt	-$20.8B