M&T Bank Cash Flow 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
Net Income	-	2,588	2,741	1,992	1,859
Depreciation & Amortization	-	508	497	435	324
Gain (Loss) on Sale of Assets	-	-30	-249	-153	-10
Total Asset Writedown	-	40	4	8	8
Provision for Credit Losses	-	610	645	517	-75
Change in Trading Asset Securities	-	-57	-266	1,227	567
Accrued Interest Receivable	-	-176	261	-123	66
Change in Other Net Operating Assets	-	154	369	701	-111
Other Operating Activities	-	-27	-97	-30	87
Operating Cash Flow	-	3,610	3,905	4,574	2,715
Operating Cash Flow Growth	-	-7.55%	-14.63%	68.47%	244.02%
Capital Expenditures	-	-216	-256	-214	-149
Cash Acquisitions	-	-	-	394	-
Investment in Securities	-	2,260	-4,682	19,092	-18,451
Net Decrease (Increase) in Loans Originated / Sold - Investing	-	-2,056	-2,496	-2,060	5,480
Other Investing Activities	-	-538	-440	-620	-511
Investing Cash Flow	-	-550	-7,874	16,592	-13,631
Short-Term Debt Issued	-	-	1,761	2,613	-
Long-Term Debt Issued	-	5,497	5,035	999	10
Total Debt Issued	-	5,497	6,796	3,612	10
Short-Term Debt Repaid	-	-4,256	-	-	-13
Long-Term Debt Repaid	-	-1,009	-824	-907	-853
Total Debt Repaid	-	-5,265	-824	-907	-866
Net Debt Issued (Repaid)	-	232	5,972	2,705	-856
Repurchase of Common Stock	-	-396	-594	-1,800	-
Preferred Stock Issued	-	733	-	-	495
Preferred Share Repurchases	-	-350	-	-	-
Common Dividends Paid	-	-895	-868	-784	-580
Preferred Dividends Paid	-	-138	-100	-97	-68
Total Dividends Paid	-	-1,033	-968	-881	-648
Net Increase (Decrease) in Deposit Accounts	-	-2,182	-248	-20,994	11,738
Other Financing Activities	-	114	18	-14	-28
Financing Cash Flow	-	-2,882	4,180	-20,984	10,701
Net Cash Flow	-	178	211	182	-215
Free Cash Flow	-	3,394	3,649	4,360	2,566
Free Cash Flow Growth	-	-6.99%	-16.31%	69.91%	315.95%
Free Cash Flow Margin	-	39.15%	40.55%	56.90%	42.29%
Free Cash Flow Per Share	-	20.29	21.85	26.58	19.92
Cash Interest Paid	-	4,319	2,691	429	139
Cash Income Tax Paid	-	236	452	488	314

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