M&T Bank

Financials Regional Banks Buffalo, New York Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$10.5B
                    3y CAGR +18.8%
                    
                    P66
                    
                    -4.9%
                    
                    Net income
                    FY2025
                
$2.9B
                    Net margin +27.2%
                    
                    P77
                    
                    +10.2%
                    
                    Total assets
                    FY2025
                
$213.5B
                    ROA +1.3%
                    
                    P33
                    
                    +2.6%
                    
                    Operating cash flow
                    FY2025
                
$3.0B
                    
                    -16.8%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 5 years

Total assets $213.5B

Total liabilities $184.3B

Shareholders equity $29.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	8.8%	10.0%	0.8%	0.8%	0.9%
Property,Plant and Equipment	0.8%	0.8%	0.8%	0.8%	0.7%
Goodwill	4.0%	4.1%	4.1%	4.2%	3.0%
Intangible Assets	0.0%	0.0%	0.1%	0.1%	0.0%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Current Portion of Long Term Debt	1.0%	0.5%	2.6%	1.8%	0.0%
Other Current Liabilities	2.0%	2.1%	2.2%	2.2%	1.4%
Total Current Liabilities	86.3%	86.1%	87.1%	87.4%	88.5%
Long Term Debt	5.1%	6.1%	3.9%	2.0%	2.2%
Other Noncurrent Liabilities	2.0%	2.1%	2.2%	2.2%	1.4%
Total Liabilities	86.3%	86.1%	87.1%	87.4%	88.5%
Equity
Preferred Stock	1.3%	1.2%	1.0%	1.0%	1.1%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.1%
Additional Paid In Capital	4.7%	4.8%	4.8%	5.0%	4.3%
Retained Earnings	9.8%	9.2%	8.4%	7.8%	9.4%
Treasury Stock	2.3%	1.1%	1.1%	0.9%	3.3%
Accumulated Other Comprehensive Income	0.1%	-0.1%	-0.2%	-0.4%	-0.1%
Total Stockholders Equity	13.7%	13.9%	12.9%	12.6%	11.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $10.5B

Operating income $2.9B

Net income $2.9B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	4.9%	5.3%	4.9%	3.1%	2.5%
Expenses Selling,General and Administrative	0.0%	0.0%	0.1%	0.0%	0.0%
Expenses Depreciation and Amortization	0.2%	0.2%	0.1%	0.1%	0.0%
Expenses Share Based Compensation	0.1%	0.1%	0.1%	0.1%	0.1%
Other Income Expense Operating Income	1.3%	1.2%	1.3%	1.0%	1.2%
Other Income Expense Interest Income	4.9%	5.3%	4.9%	3.1%	2.5%
Other Income Expense Income Before Tax	1.7%	1.6%	1.7%	1.3%	1.6%
Income Tax Income Tax Expense	0.4%	0.3%	0.4%	0.3%	0.4%
net Income net Income	1.3%	1.2%	1.3%	1.0%	1.2%
net Income Comprehensive Income	1.5%	1.4%	1.5%	0.7%	1.2%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.1%	0.1%	0.1%	0.1%	0.1%
Earnings Per Share Weighted Average Shares Diluted	0.1%	0.1%	0.1%	0.1%	0.1%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $3.0B

Investing cash flow $-6.8B

Financing cash flow $1.8B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	1.3%	1.2%	1.3%	1.0%	1.2%
Operating Activities Depreciation and Amortization	0.2%	0.2%	0.1%	0.1%	0.0%
Operating Activities Stock Based Compensation	0.1%	0.1%	0.1%	0.1%	0.1%
Operating Activities Deferred Income Taxes	-0.0%	-0.0%	-0.0%	-0.0%	0.1%
Operating Activities Changes In Operating Assets and Liabilities	-0.0%	-0.1%	-0.3%	0.0%	-0.0%
Operating Activities Other Non Cash Items	-0.0%	-0.1%	-0.3%	0.0%	-0.0%
Operating Activities net Cash From Operating Activities	1.4%	1.7%	1.9%	2.3%	1.8%
Investing Activities Purchases of Investments	4.0%	7.0%	0.2%	3.6%	0.4%
Investing Activities Proceeds From Sale of Investments	2.1%	2.9%	0.4%	0.4%	0.9%
Investing Activities Other Investing Activities	-0.0%	0.3%	0.2%	0.3%	0.3%
Investing Activities net Cash From Investing Activities	-3.2%	-4.7%	-2.3%	8.3%	-8.8%
Financing Activities Proceeds From Debt	1.7%	2.6%	2.4%	0.5%	0.0%
Financing Activities Repayment of Debt	2.5%	0.5%	0.4%	0.5%	0.5%
Financing Activities Repurchase of Common Stock	1.2%	0.2%	0.3%	0.9%	—
Financing Activities Dividends Paid	0.4%	0.4%	0.4%	0.4%	0.4%
Financing Activities Proceeds From Stock Issuance	0.0%	0.1%	0.0%	0.0%	—
Financing Activities Other Financing Activities	-0.0%	0.1%	0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	0.8%	-1.4%	2.0%	-10.5%	6.9%
Cash Reconciliation Effect of Exchange Rate On Cash	8.8%	10.0%	0.8%	0.8%	0.9%
Cash Reconciliation net Change In Cash	-0.9%	-4.3%	1.6%	0.1%	-0.1%
Cash Reconciliation Cash At Beginning of Period	8.8%	10.0%	0.8%	0.8%	0.9%
Cash Reconciliation Cash At End of Period	8.8%	10.0%	0.8%	0.8%	0.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+27.2%	+23.5%	+26.8%	+31.9%	+47.2%
Net margin	+27.2%	+23.5%	+26.8%	+31.9%	+47.2%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+18.8%	+40.9%	+34.6%	+8.6%	-5.0%
Returns
ROE	+9.8%	+8.9%	+10.2%	+7.9%	+10.4%
ROA	+1.3%	+1.2%	+1.3%	+1.0%	+1.2%
ROIC	+9.4%	+9.2%	+5.4%	+4.9%	+7.0%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	6.32x	6.17x	6.73x	6.93x	7.66x
Interest coverage	—	—	0.88x	4.69x	16.31x
Efficiency
Asset turnover	0.05x	0.05x	0.05x	0.03x	0.03x
Cash conversion cycle	—	—	—	—	—

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M&T Bank

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