MTBM&T Bank Corporation

$32B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$3.3B+19.8% YoY

Gross Profit

$2.1B62.3% margin

Operating Income

$626M19.0% margin

Net Income

$482M14.6% margin

EPS (Diluted)

$2.74

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$800M

Free Cash Flow

$712M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$208.3B

Total Liabilities

$181.3B

Stockholders' Equity

$27.0B

Cash & Equivalents

$29.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.8B	+19.8%
Gross Profit	$2.1B	$2.2B	-5.6%
Operating Income	$626M	$1.0B	-38.1%
Net Income	$482M	$765M	-37.0%

Revenue Segments

Fiduciary and Trust

$525M53%

Deposit Account

$354M36%

Mortgage Banking

$112M11%

MTB Q4 2023 Earnings — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena