M&T Bank Corporation operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company’s Commercial Real Estate segment offers credit services, which are secured by various types of multifamily residential and commercial real estate properties, as well as deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits, as well as foreign exchange services. The company’s Residential Mortgage Banking segment originates and services residential real estate loans and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust and wealth management services; fiduciary and custodial services; investment management services; and insurance agency services, as well as reinsures credit life. The company offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines.

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Type
Public
HQ
Buffalo, US
Founded
1856
Size (employees)
16,000 (est)
Website
mtb.com
M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, US
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Key People/Management at M&T Bank Corporation

Rene Jones

Rene Jones

Chairman of the Board and Chief Executive Officer
Richard Gold

Richard Gold

President and Chief Operating Officer
Kevin Pearson

Kevin Pearson

Vice Chairman
Robert Bojdak

Robert Bojdak

Executive Vice President and Chief Credit Officer
Janet Coletti

Janet Coletti

Executive Vice President, Human Resources
John L. DAngelo

John L. DAngelo

Executive Vice President and Chief Risk Officer
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M&T Bank Corporation Office Locations

M&T Bank Corporation has an office in Buffalo
Buffalo, US (HQ)
345 Main St
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M&T Bank Corporation Financials and Metrics

M&T Bank Corporation Financials

M&T Bank Corporation's revenue was reported to be $5.30 b in FY, 2016 which is a 13.5% increase from the previous period.
USD

Revenue (Q1, 2018)

1.5 b

Gross profit (Q1, 2018)

1.4 b

Gross profit margin (Q1, 2018), %

93.1%

Net income (Q1, 2018)

352.6 m

EBIT (Q1, 2018)

975.5 m

Market capitalization (23-May-2018)

26.3 b

Closing share price (23-May-2018)

180.8

Cash (31-Mar-2018)

1.3 b

EV

35.2 b
M&T Bank Corporation's current market capitalization is $26.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4.5 b4.5 b4.7 b5.3 b

Revenue growth, %

(2%)5%13%

Cost of goods sold

284.1 m280.4 m328.3 m426 m

Gross profit

4.3 b4.2 b4.3 b4.9 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

1.2 b1.1 b1.2 b1.2 b1.2 b1.3 b1.2 b1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b

Cost of goods sold

69.6 m66.5 m65.2 m74 m78.5 m77.2 m77.2 m100.9 m106.8 m111.2 m91.8 m92.2 m106.6 m

Gross profit

1.2 b1.1 b1.1 b1.1 b1.1 b1.2 b1.1 b1.3 b1.3 b1.3 b1.4 b1.4 b1.4 b

Gross profit Margin, %

94%94%95%94%93%94%94%93%92%92%94%94%93%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.6 b1.3 b1.4 b1.3 b

PP&E

633.5 m613 m666.7 m675.3 m
Quarterly
USDQ3, 2013Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

1.9 b1.3 b1.2 b1.2 b1.3 b1.3 b1.3 b1.3 b1.3 b

PP&E

614.8 m590.6 m582 m662.9 m658.2 m660.4 m672.8 m673.6 m628.7 m

Goodwill

3.5 b3.5 b3.5 b4.6 b4.6 b4.6 b4.6 b4.6 b4.6 b

Total Assets

84.4 b97.1 b97.8 b125 b124 b127 b123 b121 b118.6 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.1 b1.1 b1.1 b1.3 b

Cash From Operating Activities

932.3 m1.1 b1.7 b1.2 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

917.1 m229 m513.4 m788.7 m241.6 m528.3 m808.7 m298.5 m634.6 m984.5 m348.9 m730 m352.6 m

Cash From Operating Activities

503.7 m561.1 m469.5 m774.5 m458.4 m558.1 m1.2 b448.2 m650 m1.1 b1.3 b1.6 b484.2 m

Cash From Investing Activities

(562.1 m)(3.4 b)(5.3 b)(12.1 b)(1.8 b)(554.6 m)(1.6 b)(2 b)(907.1 m)(4 b)(826 m)(248.5 m)

Cash From Financing Activities

131.6 m3 b5.1 b11.2 b1.3 b(26 m)221.6 m1.4 b173.5 m2.9 b(493.4 m)(3.3 b)(363.9 m)
USDY, 2018

EV/EBIT

36.1 x

EV/CFO

72.7 x

Financial Leverage

7.6 x
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M&T Bank Corporation Operating Metrics

M&T Bank Corporation's Total Loans was reported to be $89.3b in FY, 2017. M&T Bank Corporation's Assets Under Management was reported to be $70.7b in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016FY, 2017

Assets Under Management

$68.20 b$66.70 b$70.70 b

Bank Branches

766 863 855

Non-accrual Loans

$799.15 m$790.59 m$797.15 m$787.10 m$799.41 m$837.36 m$848.86 m$876.69 m$920.02 m$872.37 m

Total Loans

$66.90 b$67.33 b$68.36 b$68.77 b$87.72 b$86.91 b$87.55 b$88.67 b$91.10 b$89.32 b
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