M&T Bank Corporation (LON:0JW2)

M&T Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	8,112	8,477	8,021	5,237	3,749	3,975
Interest Income on Investments	2,549	2,549	2,203	1,010	190	217.66
Total Interest Income	10,661	11,026	10,224	6,247	3,939	4,193
Interest Paid on Deposits	2,920	3,295	2,417	295	52	217.04
Interest Paid on Borrowings	879	879	692	130	62	109.36
Total Interest Expense	3,799	4,174	3,109	425	114	326.4
Net Interest Income	6,862	6,852	7,115	5,822	3,825	3,866
Net Interest Income Growth (YoY)	-0.49%	-3.70%	22.21%	52.21%	-1.07%	-6.39%
Trust Income	704	675	680	741	645	601.88
Mortgage Banking Activities	474	436	409	357	571	566.64
Income From Trading Activities	44	39	49	27	24	40.54
Gain (Loss) on Sale of Assets	-	-	225	136	-	-
Gain (Loss) on Sale of Investments	16	10	4	-6	-21	-9.42
Gain (Loss) on Sale of Equity Investments	48	48	20	30	30	53
Other Non-Interest Income	738	705	666	625	516	465.02
Total Non-Interest Income	2,557	2,427	2,528	2,357	2,167	2,088
Non-Interest Income Growth (YoY)	11.08%	-4.00%	7.26%	8.77%	3.76%	3.71%
Revenues Before Loan Losses	9,419	9,279	9,643	8,179	5,992	5,955
Provision for Loan Losses	515	610	645	517	-75	800
Revenue	8,904	8,669	8,998	7,662	6,067	5,155
Revenue Growth (YoY)	5.09%	-3.66%	17.44%	26.29%	17.70%	-13.63%
Salaries and Employee Benefits	3,149	3,046	2,879	2,574	1,961	1,871
Federal Deposit Insurance	94	146	315	90	70	53.8
Amortization of Goodwill & Intangibles	47	53	62	56	10	14.87
Selling, General & Administrative	1,600	1,568	1,596	1,467	1,108	762.29
Other Non-Interest Expense	500	519	527	525	419	683.59
Total Non-Interest Expense	5,390	5,332	5,379	4,712	3,568	3,385
EBT Excluding Unusual Items	3,514	3,337	3,619	2,950	2,499	1,770
Asset Writedown	-27	-27	-	-	-	-
Pretax Income	3,487	3,310	3,619	2,612	2,455	1,770
Income Tax Expense	785	722	878	620	596	416.37
Net Income	2,702	2,588	2,741	1,992	1,859	1,353
Preferred Dividends & Other Adjustments	158	139	105	101	82	74.09
Net Income to Common	2,544	2,449	2,636	1,891	1,777	1,279
Net Income Growth	14.59%	-5.58%	37.60%	7.15%	37.38%	-29.86%
Basic Shares Outstanding	164	166	166	163	129	129
Diluted Shares Outstanding	165	167	167	164	129	129
Shares Change (YoY)	-1.27%	0.19%	1.81%	27.34%	0.08%	-4.28%
EPS (Basic)	15.51	14.71	15.85	11.59	13.81	9.94
EPS (Diluted)	15.44	14.64	15.79	11.53	13.80	9.94
EPS Growth	14.46%	-7.28%	36.95%	-16.45%	38.86%	-27.75%
Dividend Per Share	5.400	5.350	5.200	4.800	4.500	4.400
Dividend Growth	2.86%	2.89%	8.33%	6.67%	2.27%	7.32%
Effective Tax Rate	22.51%	21.81%	24.26%	23.74%	24.28%	23.53%

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