MTB Q3 2024 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

MTBM&T Bank Corporation

$32B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.4B+5.9% YoY

Gross Profit

$2.2B65.2% margin

Operating Income

$909M26.8% margin

Net Income

$721M21.3% margin

EPS (Diluted)

$4.02

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

-$28M

Free Cash Flow

-$58M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$211.8B

Total Liabilities

$182.9B

Stockholders' Equity

$28.9B

Cash & Equivalents

$26.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.2B	+5.9%
Gross Profit	$2.2B	$2.2B	+1.2%
Operating Income	$909M	$907M	+0.2%
Net Income	$721M	$690M	+4.5%

Revenue Segments

Retail Banking

$123M64%

Commercial Banking

$69M36%