MTB Q3 2023 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.2B+36.5% YoY

Gross Profit

$2.2B68.3% margin

Operating Income

$907M28.3% margin

Net Income

$690M21.6% margin

EPS (Diluted)

$3.98

QoQ Revenue Growth

-3.6%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.4B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$209.1B

Total Liabilities

$182.9B

Stockholders' Equity

$26.2B

Cash & Equivalents

$31.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$2.3B	+36.5%
Gross Profit	$2.2B	$2.1B	+2.7%
Operating Income	$907M	$848M	+7.0%
Net Income	$690M	$647M	+6.7%

Revenue Segments

Fiduciary and Trust

$155M41%

Deposit Account

$121M32%

Mortgage Banking

$104M27%