MTB Q2 2023 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+63.0% YoY

Gross Profit

$2.5B73.9% margin

Operating Income

$1.2B34.9% margin

Net Income

$867M26.1% margin

EPS (Diluted)

$5.05

QoQ Revenue Growth

+14.7%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

$1.2B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$207.7B

Total Liabilities

$181.9B

Stockholders' Equity

$25.8B

Cash & Equivalents

$29.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.0B	+63.0%
Gross Profit	$2.5B	$1.9B	+27.5%
Operating Income	$1.2B	$278M	+317.4%
Net Income	$867M	$218M	+298.6%

Revenue Segments

Mortgage Banking

$107M100%