M&T BANK CORPORATION MTB Cash Flow

M&t bank corporation (MTB)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities
Net income
268,822	493,066	480,081	473,260	482,742	546,219	526,091	493,160	352,610	322,403	355,923	381,053	348,927	330,571	349,984	336,031	298,528	270,965	280,401	286,688	241,613	277,549	275,344	284,336	229,017	221,422	294,479	348,466	274,113	296,193	293,462	233,380	206,463	147,740	183,108	322,358	206,273	204,442	192,015	188,749	150,955	136,818	127,664	51,188	64,221
Adjustments to reconcile net income to net cash provided by operating activities
Provision for credit losses
250,000	54,000	45,000	55,000	22,000	38,000	16,000	35,000	43,000	31,000	30,000	52,000	55,000	62,000	47,000	32,000	49,000	58,000	44,000	30,000	38,000	33,000	29,000	30,000	32,000	42,000	48,000	57,000	38,000	49,000	46,000	60,000	49,000	74,000	58,000	63,000	75,000	85,000	93,000	85,000	105,000	145,000	154,000	147,000	158,000
Depreciation and amortization of premises and equipment
54,756	54,216	53,738	51,001	50,982	24,678	26,094	26,811	27,281	24,956	29,730	27,472	27,429	27,085	26,397	26,373	27,141	25,103	25,717	24,021	24,178	21,980	25,383	24,425	24,708	24,922	23,193	21,327	22,027	21,031	21,582	20,740	21,022	20,084	21,850	20,392	17,978	16,461	17,171	16,838	17,207	21,348	16,195	13,817	13,038
Amortization of capitalized servicing rights
18,991	18,751	19,120	17,847	16,170	13,052	12,360	12,551	11,656	14,697	13,491	14,441	13,543	13,003	13,331	12,399	12,249	13,176	12,158	12,373	12,199	16,838	16,704	17,076	17,792	18,388	16,313	15,445	15,208	14,877	15,905	14,297	14,476	15,964	13,153	13,264	13,478	13,665	14,009	14,263	14,645	15,271	15,499	15,544	15,954
Amortization of core deposit and other intangible assets
3,913	4,305	5,088	5,077	5,020	5,359	6,143	6,388	6,632	7,025	7,808	8,113	8,420	9,089	9,787	11,418	12,319	9,576	4,090	5,965	6,793	7,170	7,358	9,234	10,062	10,439	10,628	12,502	13,343	13,865	14,085	15,907	16,774	17,162	17,401	14,740	12,314	13,269	13,526	14,833	16,475	16,730	16,924	15,231	15,370
Provision for deferred income taxes
-36,243	40,865	866	2,376	13,441	89,267	50,570	792	-124,772	390,864	-7,210	-19,595	36,731	64,739	14,816	44,383	50,075	376,455	-9,743	-7,168	37,052	59,071	-7,187	-1,292	42,256	46,556	62,856	11,120	19,253	23,159	96,635	-3,161	15,225	19,394	32,731	-29,639	11,438	1,957	72,034	-12,760	-10,163	-403	20,432	74,420	-11,948
Asset write-downs
2,990	-46,149	1,526	50,405	1,919	17,376	2,161	2,045	3,192	4,551	2,081	3,679	5,118	6,760	6,539	-1,203	8,940	3,254	1,699	1,697	2,379	1,479	3,099	898	1,117	1,714	1,161	1,485	13,558	17,285	6,829	23,288	16,388	106,479	16,121	30,312	17,720	32,676	16,920	23,689	27,821	39,403	51,383	46,376	34,063
Net gain on sales of assets
3,933	-45,464	3,417	5,350	5,171	5,822	8,943	4,191	4,547	25,500	6,695	9,625	11,647	16,490	36,255	5,078	5,399	5,790	13,332	47,571	1,066	3,088	1,780	1,139	852	3,515	65,241	56,458	2,676	1,798	1,284	1,315	2,471	3,259	2,543	136,814	44,504	7,420	4,426	41	-1,461	-161	110	586	-447
Net change in accrued interest receivable, payable
13,863	-22,152	-3,121	-40,721	35,071	-23,016	35,937	-20,562	14,803	-5,163	16,709	-17,432	23,782	-1,551	16,191	-18,888	16,530	40,854	13,396	-10,112	2,200	-5,525	398	-13,221	3,185	7,704	1,688	-1,741	2,872	3,186	12,443	5,994	-7,725	21,302	10,241	1,033	-5,068	14,706	-7,012	2,346	-98	33,766	15,562	-22,831	12,423
Net change in other accrued income and expense
73,363	-151,494	-69,150	-26,590	171,304	112,042	129,646	-90,010	-165,114	312,119	-59,478	-50,869	209	53,546	-145,989	102,946	-70,766	300,339	-50,703	-40,581	80,084	-20,703	6,608	140,701	-57,884	43,877	-95,064	60,309	-80,645	-4,172	169,286	67,724	-32,134	-168,892	45,193	-21,703	-2,063	-24,977	35,675	-74,866	-80,537	189,198	3,895	-74,725	36,624
Net change in loans originated for sale
158,193	-150,555	-198,600	421,595	-202,670	-102,286	-503,022	683,600	72,403	-187,762	21,969	167,090	-712,954	379,825	97,053	188,982	-211	-90,356	-310,651	275,385	-197,708	126,156	31,904	314,927	-122,406	-134,716	587,994	426,427	-205,643	396,233	494,642	188,400	-154,436	78,467	-148,766	205,163	-373,020	-134,917	160,562	24,493	-252,227	65,249	-249,330	504,190	-263,004
Net change in trading account assets and liabilities
708,319	-141,988	126,203	228,460	170,092	191,154	-50,460	-37,535	-91,219	-65,267	3,349	21,278	-113,332	-46,384	42,285	-18,528	59,080	5,334	3,191	-18,404	18,206	-10,460	4,005	12,725	-27,893	16,414	9,590	7,794	-22,156	12,160	-12,305	-4,598	-7,840	-20,062	10,834	20,595	-80,805	78,994	4,391	3,427	2,664	-27,753	-29,156	44,642	311
Net cash provided by operating activities
-394,442	1,130,707	746,670	66,872	413,306	550,235	1,018,375	37,063	484,179	716,069	442,579	337,471	1,285,816	111,321	422,059	201,811	448,220	494,568	689,757	99,717	458,366	324,531	305,006	-91,594	561,098	428,647	-112,819	-81,902	698,398	26,205	-170,852	105,616	539,012	486,749	422,319	92,525	770,653	426,244	220,633	375,171	653,599	113,868	661,016	339,900	74,605
Cash flows from investing activities
Proceeds from sales of investment securities Available for sale
-	-	-	-	-	0	0	318	100	-	-	-	-	1,566	56,977	4,452	518	5,652,271	40	1,846	693	-	-	-	-	-	-	-	-	98	557	47,828	1,045	402	204	1,895,843	13,380	2,090	6,350	111	14,759	2,268	139	1,470	5,550
Proceeds from sales of investment securities equity and other
2,536	291,471	297,916	267,746	312,743	1,654	143,363	250,981	254,860	224	147,228	30,916	100	233	9,127	67,268	18,121	183,515	123	122	132	136	22,575	588	146	178	7,555	3,407	2,032	16,423	16,274	35,150	10,224	9,485	35,196	48,760	22,969	44,989	12,868	37,985	11,478	22,241	72,814	18,627	23,895
Proceeds from maturities of investment securities Available for sale
303,994	689,435	425,895	1,134,559	371,714	582,049	465,143	600,777	349,294	480,860	498,276	454,226	697,756	618,543	623,565	555,551	511,549	1,048,462	483,965	490,255	369,649	312,230	310,811	209,048	166,324	147,472	235,018	298,769	353,305	429,657	414,032	324,223	417,348	299,955	256,298	342,740	408,574	442,060	367,969	360,426	369,136	383,607	734,344	573,355	496,247
Proceeds from maturities of investment securities Held to maturity
359,615	375,165	574,569	113,126	99,960	103,454	127,333	123,462	123,923	138,307	145,173	123,650	121,455	149,681	167,482	159,281	132,636	143,600	168,249	202,402	148,708	131,322	126,672	118,700	92,305	71,210	75,372	62,091	79,164	91,346	80,084	75,179	82,670	92,366	65,562	48,448	66,465	108,532	62,031	47,696	29,828	49,382	20,060	27,899	28,125
Purchases of investment securities Available for sale
2,951	18,329	7,097	1,099	1,595	3,297	3,398	5,699	100	2,480	4,256	239,306	5,143	2,412,188	632,320	206,901	311,302	293,393	307,547	1,141,893	1,871,491	36,899	1,700,488	1,899,911	1,709,847	156,573	1,947	24,814	14,597	2,046	6,307	9,522	10,286	922,591	959,896	1,255,764	353,508	25,568	13,746	367,162	34,084	582,825	35,103	11,919	21,702
Purchases of investment securities Held to maturity
5,996	0	0	0	495,277	-	-	-	-	250,082	0	636,092	539,516	198,985	5,350	5,113	5,343	6,839	5,189	9,961	7,442	6,081	4,457	7,507	3,238	390,639	1,575,173	5,242	6,010	2,421	12,850	263,567	6,287	9,068	6,235	5,355	7,796	10,634	5,169	18,040	969,953	12,164	6,119	10,871	8,299
Purchases of investment securities equity and other
17,728	158,614	359,371	357,954	103,795	190,452	124,364	231,781	288,259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities Other
-	-	-	-	-	-	-	-	-	-	-	-	278	-	495	895	124	91,138	493	7,338	348	342	360	52,646	258	280	285	8,266	274	270	294	12,951	318	289	29,189	897	352	438	428	6,353	428	18,202	0	2,267	619
Net increase in loans and leases
3,105,967	1,311,128	224,590	846,875	412,670	1,919,518	-584,552	-555,185	-303,886	327,557	-1,124,579	-337,119	-797,351	931,125	1,090,578	490,714	439,712	118,084	743,399	799,041	666,220	1,000,590	853,769	346,252	220,551	782,371	-1,134,344	632,995	-404,142	2,100,408	766,699	1,763,496	1,042,144	1,711,029	67,789	-125,063	579,845	1,289,638	-330,752	-210,323	-546,709	-143,939	-403,255	-26,102	-84,162
Net (increase) decrease in interest-bearing deposits at banks
-1,706,153	5,305,370	-3,703,771	-1,188,856	502,300	-1,581,451	146,239	-534,551	-1,056,531	1,227,581	-1,282,655	1,921,320	-1,944,511	5,776,998	-2,302,797	1,070,342	-1,950,831	4,687,850	-667,414	2,245,639	179,376	1,205,197	-4,643,534	266,655	-1,648,047	274,673	629,543	-1,250,584	-1,174,825	282,049	657,723	212,323	-1,127,080	2,071,819	48,671	430,916	1,121	300,402	-283,798	3,479	12,030	-	-	-	-
Other investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,011	-7,852	2,416	-	393	-1,480	-8,769	-11,086	-19,941	-14,954	-6,198	-12,438	-9,317	-8,393	-5,786
Additions to capitalized servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	57	-	-	9	289
Capital expenditures, net
51,547	58,527	36,865	51,947	30,710	38,374	22,186	27,572	9,544	16,451	12,653	28,341	21,521	42,416	28,658	20,312	16,307	39,192	19,349	13,797	9,598	22,761	12,653	21,022	16,725	43,599	42,301	26,992	16,671	25,572	19,055	27,515	19,377	31,978	24,054	5,122	8,854	31,078	15,977	12,833	10,570	31,303	10,009	7,405	10,250
Net (increase) decrease in loan servicing advances
-48,866	-136,999	-356,742	772	22,891	40,178	4,127	147,784	115,163	-10,025	-56,503	47,852	56,437	48,915	2,036	81,590	37,600	-13,429	144,424	241,131	76,145	-143,939	-83,046	-134,794	-122,910	-819,416	-232,797	56,344	-9,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate acquired in settlement of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,027	30,960	33,775	-	19,796	143,757	17,757	-	-	-	-	-	-	-	-
Other, net
-420,700	251,277	28,752	-78,408	-5,700	-58,976	2,364	-32,614	41,322	46,532	-18,615	-35,879	-11,863	-266,502	-109,911	106,372	-7,920	-86,325	91,899	-38,390	21,940	19,176	-21,717	4,773	-21,763	-57,846	212	-27,057	-11,015	-119,107	47,800	13,009	25,840	-70,929	-55,417	-2,043	-16,279	-27,271	68,921	-51,028	10,305	111,754	-24,108	-29,440	12,772
Net cash used by investing activities
-3,852,363	4,726,674	-3,418,808	-852,120	271,261	-2,946,781	873,742	911,518	-248,530	1,215,588	514,539	2,490,805	-826,007	3,277,430	-3,091,100	1,108,177	-2,015,275	9,307,352	-1,038,489	1,247,755	-1,802,336	419,097	-6,816,532	-1,871,898	-3,441,038	-1,641,444	229,368	-419,729	-371,773	-1,334,436	329,681	-1,372,249	-1,683,854	-245,755	-225,626	1,252,892	-412,579	221,703	9,694	291,668	-47,655	-178,078	1,231,473	870,038	578,262
Cash flows from financing activities
Net increase in deposits
5,413,829	-343,245	3,433,550	1,211,928	313,849	1,016,866	-131,473	-1,673,269	-1,484,629	-1,099,085	-26,360	-3,500,174	1,550,297	-2,640,838	3,490,179	440,709	2,264,623	1,140,537	315,203	-946,804	-4,543	-758,790	4,513,017	1,130,765	1,581,705	909,573	550,210	573,656	-519,555	1,606,257	1,461,782	1,639,769	1,522,583	-82,781	259,118	-178,705	745,021	661,980	1,135,047	-11,534	93,998	596,146	-244,050	-777,855	-103,205
Net decrease in short-term borrowings
-3,183	-5,451,533	902,506	1,008,824	-795,812	3,088,268	-1,929,306	1,613,287	1,451,030	-25,669	-1,494,685	1,510,351	21,660	-50,404	-193,098	-1,349,765	-343,838	-2,148,512	20,484	-40,196	819	28,067	2,978	-68,578	-30,246	14,436	-61,721	-66,853	-699,889	482,328	-383,421	463,596	-270,081	87,702	127,283	-85,284	-442,751	-291,756	-947,274	288,211	-571,827	-484,763	-25,377	132,813	-367,924
Proceeds from long-term borrowings
-	-	-	-	-	0	773,595	0	999,594	-	-	-	-	-	-	-	-	0	0	0	1,500,000	0	1,697,790	1,149,000	1,498,688	0	0	0	799,760	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term borrowings
753,123	960	675,952	875,442	1,139	751,487	1,224	202,178	504,192	404,120	301,261	1,326,649	1,401,410	692,863	104,444	5,404	317,187	8,588,166	1,283	321,228	1,797	52,633	13,297	8,100	352,245	2,275	1,759	253,718	3,460	352,854	720,774	804,187	202,352	59,789	418,879	802,805	528,511	1,115,241	292,715	853,506	252,880	88,288	1,300,560	480,785	520,549
Purchases of treasury stock
373,750	282,210	299,963	401,984	365,628	499,834	498,500	475,096	720,966	224,214	224,724	224,894	532,073	37,334	350,000	154,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid — common
143,170	145,171	132,930	134,442	139,595	139,002	143,815	115,247	112,318	112,236	114,514	114,086	116,566	108,849	109,863	111,179	112,000	93,868	93,871	93,647	93,631	93,081	92,984	92,728	92,406	91,831	91,676	91,054	90,788	90,236	88,035	90,405	89,041	88,540	88,454	88,417	84,718	84,178	84,035	83,787	83,303	83,155	82,528	82,279	77,744
Dividends paid — preferred
21,344	12,812	18,382	18,892	17,368	18,893	17,368	18,892	17,368	18,892	17,368	19,106	17,368	23,267	17,368	23,267	17,368	23,267	17,368	23,267	17,368	23,268	17,618	23,268	6,080	21,956	4,769	21,956	4,769	21,956	4,769	21,956	4,769	23,388	4,769	9,990	10,056	10,056	10,056	10,057	10,056	10,056	10,057	7,500	4,333
Proceeds from issuance of Series G preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	346,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-10,567	-4,206	-3,741	-393	-17,053	-5,544	-1,509	-756	24,976	5,195	-3,182	6,598	2,064	158,151	1,395	-815	2,960	29,692	24,413	61,675	-46,014	5,791	27,847	30,719	24,208	18,031	78,417	9,991	31,528	48,379	-223,515	158,555	80,197	24,142	-49,850	45,394	11,491	35,734	2,145	16,051	15,451	6,954	-6,931	2,751	6,382
Net cash provided (used) by financing activities
4,108,692	-6,240,137	3,219,588	789,599	-1,022,746	2,690,374	-1,949,600	-872,151	-363,873	-1,879,021	-934,344	-2,769,760	-493,396	-3,400,404	2,716,801	-1,203,721	1,377,190	-9,683,584	247,578	-1,363,467	1,337,466	-893,914	6,117,733	2,117,810	2,970,124	825,978	468,702	150,066	-487,173	1,671,918	41,268	1,345,372	1,036,537	-142,654	-175,551	-994,807	-309,524	-803,517	-196,888	-654,622	-808,617	-63,162	-1,669,503	-1,212,855	-1,067,373
Net decrease in cash, cash equivalents and restricted cash
-138,113	-382,756	547,450	4,351	-338,179	293,828	-57,483	76,430	-128,224	52,636	22,774	58,516	-33,587	-11,653	47,760	106,267	-189,865	118,336	-101,154	-15,995	-6,504	-150,286	-393,793	154,318	90,184	-386,819	585,251	-351,565	-160,548	363,687	200,097	78,739	-108,305	98,340	21,142	350,610	48,550	-155,570	33,439	12,217	-202,673	-127,372	222,986	-2,917	-414,506
Supplemental disclosure of cash flow information
Interest received during the period
1,159,094	1,192,095	1,255,583	1,250,600	1,194,023	1,208,281	1,150,647	1,132,387	1,077,676	1,067,681	1,050,033	1,036,880	1,001,129	980,096	976,251	978,804	968,223	899,835	755,628	752,373	726,475	745,917	726,516	725,067	695,653	710,571	724,986	740,846	718,296	744,382	729,717	736,151	721,159	719,988	720,102	701,491	665,490	692,637	690,032	698,220	684,212	706,788	711,651	650,910	679,531
Interest paid during the period
158,861	158,496	216,112	169,870	191,309	135,093	162,406	100,389	118,342	94,650	111,019	83,438	116,183	111,256	130,473	110,654	146,568	165,340	85,734	73,479	75,776	72,176	65,268	58,268	61,841	75,399	74,598	79,631	72,106	90,904	88,317	103,425	89,241	120,052	115,244	116,856	88,658	130,478	112,075	126,769	121,445	178,516	173,913	145,327	206,417
Income taxes paid during the period
44,660	18,072	59,037	93,856	149,548	177,869	21,628	137,620	37,999	32,042	141,057	291,834	29,272	138,491	33,014	191,507	-86,146	5,644	147,909	136,529	88,578	82,291	131,593	193,239	4,789	57,891	104,711	216,861	9,545	133,096	68,253	195,833	8,416	-56,247	41,817	189,071	77,169	72,837	69,701	130,952	14,250	-11,392	1,394	58,171	-67,722
Supplemental schedule of noncash investing and financing activities
Capitalized servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	788
Real estate acquired in settlement of loans
17,295	24,054	26,562	14,616	24,840	21,559	14,431	21,008	15,410	32,741	31,349	33,595	23,607	23,927	33,820	32,549	33,737	32,735	11,745	12,427	10,846	8,399	16,745	9,791	8,886	8,939	20,363	7,258	8,244	12,051	10,258	9,500	17,123	30,542	5,272	27,606	18,168	33,352	24,765	120,419	20,749	32,874	18,375	34,598	16,545
Securitization of residential mortgage loans allocated to Available-for-sale investment securities
-	0	0	0	5,379	4,842	7,303	5,175	5,128	14,220	12,502	6,341	3,684	5,548	4,762	5,471	8,452	13,542	14,836	23,725	12,920	23,727	34,874	46,312	29,785	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	-360,471	0	0	0	140,942
Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	423,865	-	-	-	-
Securitization of residential mortgage loans allocated to capitalized servicing rights
-	0	0	0	83	90	125	86	64	160	156	70	36	55	50	51	92	118	160	225	143	331	453	604	372	1,615	20,357	8,907	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of lease accounting standard - Right-of-use assets
-	0	0	0	393,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of lease accounting standard - Other liabilities
-	0	0	0	398,810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to right-of-use assets under operating leases
17,421	62,914	24,377	24,518	20,410	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	65,419	-	-	-	-
Accrued interest and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,025	-	-	-	-