MTB Q3 2020 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$31B

Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$1.5B-13.4% YoY

Gross Profit

$1.3B86.3% margin

Operating Income

$487M32.0% margin

Net Income

$372M24.5% margin

EPS (Diluted)

$2.75

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$38M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$138.6B

Total Liabilities

$122.5B

Stockholders' Equity

$16.1B

Cash & Equivalents

$21.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.8B	-13.4%
Gross Profit	$1.3B	$1.5B	-13.2%
Operating Income	$487M	$635M	-23.3%
Net Income	$372M	$480M	-22.5%

Revenue Segments

Mortgage Banking

$153M100%