MTB Q3 2022 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$2.3B+50.1% YoY

Gross Profit

$2.1B90.7% margin

Operating Income

$848M36.1% margin

Net Income

$647M27.6% margin

EPS (Diluted)

$3.53

QoQ Revenue Growth

+15.1%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$1.1B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$198.0B

Total Liabilities

$172.7B

Stockholders' Equity

$25.3B

Cash & Equivalents

$27.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$1.6B	+50.1%
Gross Profit	$2.1B	$1.6B	+36.6%
Operating Income	$848M	$657M	+29.0%
Net Income	$647M	$495M	+30.5%

Revenue Segments

Mortgage Banking

$83M100%