Below are the financial statements of M&T Bank, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income | — | — | — |
| Loans and leases | 8,477a | 8,021a | 5,237a |
| Investment securities | — | — | — |
| Fully taxable | 1,030a | 773a | 448a |
| Exempt from federal taxes | 64a | 66a | 51a |
| Deposits at banks | 1,452a | 1,360a | 509a |
| Other | 3a | 4a | 2a |
| Total interest income | 11,026a | 10,224a | 6,247a |
| Interest expense | — | — | — |
| Savings and interest-checking deposits | -2,514a | -1,746a | -271a |
| Time deposits | -781a | -671a | -24a |
| Short-term borrowings | -242a | -292a | -19a |
| Long-term borrowings | -637a | -400a | -111a |
| Total interest expense | -4,174a | -3,109a | -425a |
| Net interest income | 6,852a | 7,115a | 5,822a |
| Provision for credit losses | -610a | -645a | -517a |
| Net interest income after provision for credit losses | 6,242a | 6,470a | 5,305a |
| Other income | — | — | — |
| Mortgage banking revenues | 436a | 409a | 357a |
| Service charges on deposit accounts | 514a | 475a | 447a |
| Trust income | 675a | 680a | 741a |
| Brokerage services income | 121a | 102a | 88a |
| Trading account and other non-hedging derivative gains | 39a | 49a | 27a |
| Gain (loss) on bank investment securities | 10a | 4a | -6a |
| Other revenues from operations | 632a | 809a | 703a |
| Total other income | 2,427a | 2,528a | 2,357a |
| Other expense | — | — | — |
| Salaries and employee benefits | -3,162a | -2,997a | -2,787a |
| Equipment and net occupancy | -512a | -520a | -474a |
| Outside data processing and software | -492a | -437a | -376a |
| Professional and other services | -344a | -413a | -509a |
| FDIC assessments | -146a | -315a | -90a |
| Advertising and marketing | -104a | -108a | -90a |
| Amortization of core deposit and other intangible assets | -53a | -62a | -56a |
| Other costs of operations | -546a | -527a | -668a |
| Total other expense | -5,359a | -5,379a | -5,050a |
| Income before taxes | 3,310a | 3,619a | 2,612a |
| Income taxes | -722a | -878a | -620a |
| Net income | 2,588a | 2,741a | 1,992a |
| Net income available to common shareholders | — | — | — |
| Basic | 2,449a | 2,636a | 1,891a |
| Diluted | 2,449a | 2,636a | 1,891a |
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore M&T Bank’s data sources below and access millions more through our Disclosure Search.