MTBM&T Bank Corporation

$32B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+14.0% YoY

Gross Profit

$2.0B61.7% margin

Operating Income

$664M20.1% margin

Net Income

$531M16.1% margin

EPS (Diluted)

$3.02

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$608M

Free Cash Flow

$573M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$215.1B

Total Liabilities

$188.0B

Stockholders' Equity

$27.2B

Cash & Equivalents

$33.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.9B	+14.0%
Gross Profit	$2.0B	$2.3B	-10.2%
Operating Income	$664M	$926M	-28.3%
Net Income	$531M	$702M	-24.4%

Revenue Segments

Fiduciary and Trust

$160M41%

Deposit Account

$124M32%

Mortgage Banking

$104M27%

MTB Q1 2024 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena