M&T Bank Corporation (MTB)

M&T Bank Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	8,998	7,662	6,067	5,155	6,016
Revenue Growth (YoY)	17.44%	26.29%	17.70%	-14.31%	3.79%
Gross Profit	8,998	7,662	6,067	5,155	6,016
Selling, General & Admin	4,565	4,528	3,240	3,058	3,178
Operating Expenses	4,565	4,528	3,240	3,058	3,178
Operating Income	4,433	3,134	2,827	2,097	2,838
Other Expense / Income	919	623	454	401.24	370.4
Pretax Income	3,514	2,511	2,373	1,695	2,468
Income Tax	878	620	596	416.37	618.11
Net Income	2,636	1,891	1,777	1,279	1,850
Net Income Growth	39.40%	6.42%	38.93%	-30.84%	0.73%
Shares Outstanding (Basic)	166	173	129	128	132
Shares Change	-3.85%	34.14%	0.31%	-2.78%	-5.98%
EPS (Basic)	15.85	11.59	13.81	9.94	13.76
EPS (Diluted)	15.79	11.53	13.80	9.94	13.75
EPS Growth	36.95%	-16.45%	38.83%	-27.71%	7.93%
Free Cash Flow	3,649	4,360	2,566	616.9	2,180
Free Cash Flow Per Share	21.99	25.26	19.94	4.81	16.52
Dividend Per Share	5.200	4.800	4.500	4.400	4.100
Dividend Growth	8.33%	6.67%	2.27%	7.32%	15.49%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	49.27%	40.90%	46.60%	40.67%	47.17%
Profit Margin	29.30%	24.68%	29.29%	24.81%	30.74%
Free Cash Flow Margin	40.55%	56.90%	42.29%	11.97%	36.23%
Effective Tax Rate	24.99%	24.69%	25.12%	24.56%	25.05%
EBITDA	4,011	2,946	2,697	2,016	2,769
EBITDA Margin	44.58%	38.45%	44.45%	39.10%	46.03%
Depreciation & Amortization	497	435	324	320.29	301.32
EBIT	3,514	2,511	2,373	1,695	2,468
EBIT Margin	39.05%	32.77%	39.11%	32.89%	41.02%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).