M&T Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	8,238	8,477	8,021	5,237	3,749
Interest Income on Investments	2,248	2,549	2,203	1,010	190
Total Interest Income	10,486	11,026	10,224	6,247	3,939
Interest Paid on Deposits	2,746	3,295	2,417	295	52
Interest Paid on Borrowings	792	879	692	130	62
Total Interest Expense	3,538	4,174	3,109	425	114
Net Interest Income	6,948	6,852	7,115	5,822	3,825
Net Interest Income Growth (YoY)	1.40%	-3.70%	22.21%	52.21%	-1.07%
Trust Income	724	675	680	741	645
Mortgage Banking Activities	550	436	409	357	571
Income From Trading Activities	58	39	49	27	24
Gain (Loss) on Sale of Assets	28	-	225	136	-
Gain (Loss) on Sale of Investments	2	10	4	-6	-21
Gain (Loss) on Sale of Equity Investments	20	48	20	30	30
Other Non-Interest Income	809	705	666	625	516
Total Non-Interest Income	2,742	2,427	2,528	2,357	2,167
Non-Interest Income Growth (YoY)	12.98%	-4.00%	7.26%	8.77%	3.76%
Revenues Before Loan Losses	9,690	9,279	9,643	8,179	5,992
Provision for Loan Losses	505	610	645	517	-75
Revenue	9,185	8,669	8,998	7,662	6,067
Revenue Growth (YoY)	5.95%	-3.66%	17.44%	26.29%	17.70%
Salaries and Employee Benefits	3,206	3,046	2,879	2,574	1,961
Federal Deposit Insurance	50	146	315	90	70
Amortization of Goodwill & Intangibles	42	53	62	56	10
Selling, General & Administrative	1,677	1,568	1,596	1,467	1,108
Other Non-Interest Expense	518	546	527	525	419
Total Non-Interest Expense	5,493	5,359	5,379	4,712	3,568
EBT Excluding Unusual Items	3,692	3,310	3,619	2,950	2,499
Pretax Income	3,692	3,310	3,619	2,612	2,455
Income Tax Expense	841	722	878	620	596
Net Income	2,851	2,588	2,741	1,992	1,859
Preferred Dividends & Other Adjustments	152	139	105	101	82
Net Income to Common	2,699	2,449	2,636	1,891	1,777
Net Income Growth	10.16%	-5.58%	37.60%	7.15%	37.38%
Basic Shares Outstanding	158	166	166	163	129
Diluted Shares Outstanding	159	167	167	164	129
Shares Change (YoY)	-5.10%	0.19%	1.81%	27.34%	0.08%
EPS (Basic)	17.10	14.71	15.85	11.59	13.81
EPS (Diluted)	17.00	14.64	15.79	11.53	13.80
EPS Growth	16.12%	-7.28%	36.95%	-16.45%	38.86%
Dividend Per Share	5.700	5.350	5.200	4.800	4.500
Dividend Growth	6.54%	2.89%	8.33%	6.67%	2.27%
Effective Tax Rate	22.78%	21.81%	24.26%	23.74%	24.28%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.