MTB Q2 2024 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.4B+1.6% YoY

Gross Profit

$2.2B63.8% margin

Operating Income

$855M25.3% margin

Net Income

$655M19.4% margin

EPS (Diluted)

$3.73

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.3B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$208.9B

Total Liabilities

$180.4B

Stockholders' Equity

$28.4B

Cash & Equivalents

$26.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.3B	+1.6%
Gross Profit	$2.2B	$2.5B	-12.2%
Operating Income	$855M	$1.2B	-26.2%
Net Income	$655M	$867M	-24.5%

Revenue Segments

Retail Banking

$119M64%

Commercial Banking

$68M36%