M&T Bank Corporation
NYSE: MTB · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
M&T Bank Corporation (MTB) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $4.36B | $839.19M | 63.84% | 28.25% | 19.25% |
| 2007 | $4.47B | $654.26M | 57.78% | 21.56% | 14.64% |
| 2008 | $4.25B | $555.89M | 58.87% | 17.39% | 13.07% |
| 2009 | $3.80B | $379.89M | 66.48% | 13.67% | 10.00% |
| 2010 | $3.86B | $736.16M | 78.51% | 28.28% | 19.05% |
| 2011 | $4.40B | $859.48M | 84.72% | 27.84% | 19.54% |
| 2012 | $4.63B | $1.03B | 88.18% | 33.53% | 22.23% |
| 2013 | $4.84B | $1.14B | 90.31% | 36.49% | 23.53% |
| 2014 | $4.74B | $1.07B | 91.46% | 34.67% | 22.51% |
| 2015 | $5.00B | $1.08B | 90.03% | 33.52% | 21.61% |
| 2016 | $5.72B | $1.32B | 89.23% | 35.97% | 22.98% |
| 2017 | $6.02B | $1.41B | 90.78% | 38.61% | 23.40% |
| 2018 | $6.45B | $1.92B | 89.80% | 38.86% | 29.72% |
| 2019 | $6.94B | $1.93B | 86.67% | 36.70% | 27.79% |
| 2020 | $6.28B | $1.35B | 82.07% | 28.17% | 21.54% |
| 2021 | $6.08B | $1.86B | 99.36% | 40.40% | 30.60% |
| 2022 | $8.44B | $1.99B | 88.84% | 30.96% | 23.61% |
| 2023 | $12.51B | $2.74B | 69.98% | 28.94% | 21.92% |
| 2024 | $13.40B | $2.59B | 64.31% | 24.69% | 19.31% |
| 2025 | $12.31B | $2.85B | 74.62% | 29.99% | 23.16% |
Frequently asked questions
What is M&T Bank Corporation's revenue?
M&T Bank Corporation's trailing twelve-month revenue is $9.31B, and consensus projects about $11.36B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MTB?
In its most recent fiscal year, MTB ran a gross margin of 74.62%, an operating margin of 29.99%, and a net margin of 23.16%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MTB generate?
MTB produced $2.86B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MTB's balance sheet healthy?
MTB holds $18.77B in cash and equivalents against $10.91B in long-term debt, on $29.18B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.