MTB Q1 2023 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.9B+97.0% YoY

Gross Profit

$2.3B78.3% margin

Operating Income

$926M32.0% margin

Net Income

$702M24.3% margin

EPS (Diluted)

$4.01

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$428M

Free Cash Flow

$373M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$203.0B

Total Liabilities

$177.6B

Stockholders' Equity

$25.4B

Cash & Equivalents

$24.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$1.5B	+97.0%
Gross Profit	$2.3B	$1.4B	+57.8%
Operating Income	$926M	$475M	+94.8%
Net Income	$702M	$362M	+93.8%

Revenue Segments

Mortgage Banking

$85M100%