M&T BANK CORPORATION MTB Income Statement

M&t bank corporation (MTB)

Income statement / 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	Sep'08	Jun'08
Interest income
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-	-	-	17	4	6	8	3	6	23	10	18	13	9	9	11	7	17	20	19	74	52
Agreements to resell securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	-	0	4	127	1	368	32	2	2	4	0	23	39	441	440
Trading account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	427	-	-	-	638	277	214	318	317	216	312	282	388	328	94	110	83	84	135	194	121	359	143
Loans and leases, including fees
1,046,821	1,079,030	1,119,662	1,125,577	1,117,913	1,099,289	1,060,832	1,024,471	979,969	966,527	953,662	924,640	898,038	882,842	871,345	867,478	863,385	796,247	672,092	662,633	647,179	659,055	647,280	645,029	645,222	663,376	683,482	705,395	682,455	693,627	687,466	674,549	648,514	648,707	655,581	624,247	594,032	605,837	603,199	596,919	588,127	598,326	599,859	574,234	554,329	684,281	708,083
Investment securities
Fully taxable
50,110	63,484	69,059	75,578	80,411	78,923	80,118	82,019	82,852	85,100	87,937	92,996	95,124	87,402	84,893	91,184	98,015	99,999	93,062	93,144	85,957	90,246	91,036	85,210	73,899	67,445	55,746	41,293	44,760	49,469	54,959	59,724	62,964	63,688	60,880	60,827	70,662	73,773	80,043	85,232	85,647	91,705	97,963	101,133	98,467	114,146	105,809
Exempt from federal taxes
75	51	98	77	95	92	153	172	248	277	345	379	430	525	623	663	795	933	950	1,062	1,318	1,288	1,271	1,293	1,504	1,579	1,617	1,777	1,829	1,874	2,067	2,020	2,084	2,128	2,387	2,281	2,346	2,363	2,489	2,507	2,510	2,529	2,612	1,814	1,529	2,028	3,025
Deposits at banks
18,966	37,277	40,388	36,325	27,407	41,636	26,000	21,869	18,677	21,981	14,970	12,213	12,162	11,832	12,354	10,993	10,337	4,931	3,852	3,351	3,118	5,744	3,198	2,535	1,884	1,829	1,650	1,455	267	102	139	767	213	1,255	1,164	479	36	43	34	5	6	14	7	5	8	25	22
Other
4,447	6,060	262	356	483	341	272	374	404	254	296	185	279	300	300	303	302	267	70	164	515	-	238	223	-	-	191	287	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest income
1,120,419	1,185,902	1,229,469	1,237,913	1,226,309	1,220,281	1,167,375	1,128,905	1,082,150	1,074,139	1,057,210	1,030,413	1,006,033	982,901	969,515	970,621	972,834	902,377	770,026	760,354	738,087	756,612	743,023	734,290	722,952	734,466	742,686	750,207	729,975	745,353	744,851	737,386	714,095	716,000	720,351	688,253	667,483	682,725	685,900	684,784	676,386	692,669	700,593	677,423	654,512	801,354	817,574
Interest expense
Savings and interest-checking deposits
78,002	95,584	104,724	91,557	76,138	69,990	56,156	48,738	40,527	39,286	37,714	30,543	25,634	26,798	24,067	20,534	16,305	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-checking deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	360	349	311	-	394	330	297	311	333	321	322	309	327	424	283	315	354	274	202	212	219	219	200	261	288	246	327	655	629
Savings deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,937	10,361	10,219	-	11,532	11,181	11,601	13,388	13,733	13,790	14,037	16,378	16,510	16,940	18,183	21,654	22,664	20,757	19,239	21,860	21,453	21,464	20,449	22,190	22,076	26,362	41,922	58,917	60,317
Time deposits
21,872	23,958	25,456	24,931	21,081	16,149	12,976	11,362	10,936	12,212	13,992	16,303	18,998	23,766	27,886	26,867	24,322	15,986	3,643	3,690	3,740	3,915	3,805	3,855	3,940	4,630	6,129	7,484	8,196	9,396	10,843	12,354	13,509	14,949	17,684	19,310	19,071	21,232	23,309	26,254	29,446	39,516	50,678	55,697	60,329	72,100	79,467
Deposits at Cayman Islands office
3,419	4,922	6,218	6,039	4,738	3,154	1,556	542	381	330	310	281	265	219	204	181	193	167	151	150	147	149	161	181	208	217	213	200	388	349	336	232	213	187	188	193	394	352	315	376	325	353	481	576	981	18,709	22,075
Short-term borrowings
23	3,168	6,967	7,893	6,713	1,520	1,600	1,383	883	363	554	378	216	151	169	1,143	2,162	1,575	32	36	34	25	19	25	32	45	58	96	231	270	365	348	303	169	222	147	492	633	760	726	887	1,002	1,764	2,015	2,348	28,155	42,612
Long-term borrowings
40,298	49,437	56,214	66,012	67,579	70,508	66,049	58,093	53,906	50,498	47,506	44,708	46,660	56,203	58,849	58,077	57,888	64,002	62,076	62,640	64,048	59,149	58,053	49,604	50,441	49,391	49,112	50,729	50,751	51,229	53,748	59,105	61,215	60,695	62,520	61,370	59,281	64,339	69,976	68,518	68,745	70,628	77,651	90,960	100,798	134,579	125,842
Total interest expense
143,614	177,069	199,579	196,432	176,249	161,321	138,337	120,118	106,633	102,689	100,076	92,213	91,773	107,137	111,175	106,802	100,870	95,333	77,199	77,226	78,499	74,772	73,964	65,176	66,519	67,982	69,578	72,620	73,925	77,931	82,129	89,403	93,706	97,969	103,632	102,051	98,679	108,628	116,032	117,557	120,052	133,950	152,938	175,856	206,705	313,115	330,942
Net interest income
976,805	1,008,833	1,029,890	1,041,481	1,050,060	1,058,960	1,029,038	1,008,787	975,517	971,450	957,134	938,200	914,260	875,764	858,340	863,819	871,964	807,044	692,827	683,128	659,588	681,840	669,059	669,114	656,433	666,484	673,108	677,587	656,050	667,422	662,722	647,983	620,389	618,031	616,719	586,202	568,804	574,097	569,868	567,227	556,334	558,719	547,655	501,567	447,807	488,239	486,632
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	101,000	100,000
Net interest income after provision for credit losses
726,805	954,833	984,890	986,481	1,028,060	1,020,960	1,013,038	973,787	932,517	940,450	927,134	886,200	859,260	813,764	811,340	831,819	822,964	749,044	648,827	653,128	621,588	648,840	640,059	639,114	624,433	624,484	625,108	620,587	618,050	618,422	616,722	587,983	571,389	544,031	558,719	523,202	493,804	489,097	476,868	482,227	451,334	413,719	393,655	354,567	289,807	387,239	386,632
Other income
Brokerage services income
13,129	11,891	12,077	12,478	12,476	12,781	12,267	12,629	13,392	12,768	14,676	16,617	17,384	15,233	15,914	16,272	16,004	15,546	16,902	16,861	15,461	15,809	17,416	17,487	16,500	15,807	16,871	17,258	15,711	14,872	14,114	16,172	13,901	13,341	13,907	14,926	14,296	11,648	12,127	12,788	13,106	14,396	14,329	13,493	15,393	16,218	17,211
Trading account and foreign exchange gains
21,016	16,717	16,072	18,453	10,802	16,582	6,073	5,255	4,637	10,468	7,058	8,084	9,691	7,692	12,754	13,222	7,458	9,938	8,362	6,046	6,231	8,397	6,988	8,042	6,447	13,690	8,987	9,224	8,927	10,356	8,469	6,238	10,571	7,971	4,176	6,798	8,279	12,755	6,035	3,797	4,699	6,669	7,478	7,543	1,435	4,278	6,636
Gain (loss) on bank investment securities
-21,000	-6,963	4,000	9,000	12,000	4,130	-3,000	2,000	-9,431	-	-	-17	-	1,566	28,480	264	4	-22	0	-10	-98	-	-	-	-	-	0	56,457	-	0	372	-408	45	1	89	110,744	39,353	861	1,440	10	459	354	-56	292	575	306	325
Total other-than-temporary impairment ("OTTI") losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,884	5,821	2,134	4,072	20,040	22,541	7,649	33,211	9,514	150,027	16,486	-21,079	-29,487	467,100	-64,232	-75,697	-62,808	-152,579	-5,746
Portion of OTTI losses recognized in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,916	8,670	3,538	12,101	-8,554	2,281	1,993	-6,681	6,527	-24,096	-6,954	-1,301	2,685	-224,802	17,199	50,928	30,609	0	0
Net OTTI losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,800	14,491	5,672	16,173	11,486	24,822	9,642	26,530	16,041	125,931	9,532	-22,380	-26,802	242,298	-47,033	-24,769	-32,199	-152,579	-5,746
Equity in earnings of Bayview Lending Group LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,114	-4,055	-4,454	-6,136	-3,881	-2,453	-3,656	-4,941	-5,183	-6,635	-4,752	-5,419	-6,911	-5,223	-6,678	-7,415	-6,460	-6,179	-5,714	-10,635	-10,912	-207	-4,144	-14,480	-13,026
Other revenues from operations
133,176	118,238	103,882	112,763	134,437	110,970	113,769	100,280	126,302	105,834	106,702	117,115	110,887	115,571	103,866	104,791	101,922	114,834	109,397	147,673	90,930	86,378	98,547	102,021	96,115	104,404	153,040	100,496	96,045	101,543	96,649	89,685	86,410	148,918	93,393	163,482	91,003	119,483	77,019	79,292	79,259	82,381	106,163	77,393	59,139	72,812	76,797
Total other income
529,360	521,040	527,779	512,095	500,765	480,596	459,294	457,414	458,696	484,053	459,429	460,816	446,845	465,459	491,350	448,254	420,933	448,108	439,699	497,027	440,203	451,643	451,111	456,412	420,107	446,246	477,388	508,689	432,882	453,164	445,733	391,650	376,723	398,454	368,382	501,656	314,420	286,938	289,899	273,557	257,706	265,890	278,226	271,649	232,341	113,717	271,182
Other expense
Salaries and employee benefits
536,843	469,080	476,780	455,737	499,200	438,928	431,371	418,537	463,428	402,394	398,605	398,054	449,741	387,828	399,786	398,675	431,785	434,413	363,567	361,657	389,893	345,135	348,776	339,713	371,326	336,159	339,332	323,136	356,551	323,010	321,746	323,686	346,098	312,528	325,197	300,178	266,090	243,413	246,389	245,861	264,046	247,080	255,449	249,952	249,392	236,678	236,127
Equipment and net occupancy
79,640	82,892	82,690	79,150	79,347	73,519	77,481	73,031	74,797	71,363	75,558	73,797	74,366	69,976	75,263	75,724	74,178	70,747	68,470	66,852	66,470	62,335	67,713	68,084	71,167	68,670	66,220	64,278	65,159	62,884	64,248	65,376	65,043	65,080	68,101	59,670	56,663	50,879	54,353	55,431	55,401	53,703	58,195	51,321	48,172	47,033	47,252
Outside data processing and software
64,410	61,720	60,360	55,234	52,417	50,206	50,678	49,712	48,429	50,033	45,761	44,575	44,301	43,987	42,878	42,509	43,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessments
12,271	12,431	9,906	9,772	9,426	9,837	18,849	19,560	20,280	23,722	23,969	25,353	28,827	28,991	28,459	22,370	25,225	19,562	11,090	10,801	10,660	11,695	13,193	15,155	15,488	17,574	14,877	17,695	19,438	23,398	23,801	24,962	28,949	27,826	26,701	26,609	19,094	18,329	18,039	21,608	21,348	19,902	21,124	49,637	5,856	1,522	1,534
Advertising and marketing
22,375	27,063	22,088	24,046	20,275	25,910	21,784	21,768	16,248	19,366	17,403	16,324	16,110	21,074	21,996	22,613	21,454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Printing, postage and supplies
10,852	9,513	10,201	10,324	9,855	8,777	8,843	8,719	9,319	8,563	8,732	8,957	9,708	8,681	8,972	9,907	11,986	10,905	8,691	9,305	9,590	8,881	9,184	9,180	10,956	8,808	9,752	10,298	10,699	10,417	8,272	11,368	11,872	11,399	10,593	9,723	9,202	8,435	7,820	8,549	9,043	9,338	8,229	11,554	9,095	8,443	9,120
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	15,840	16,615
Other costs of operations
176,112	156,679	210,506	233,692	218,808	189,626	160,830	178,862	294,211	213,347	228,189	175,462	156,379	199,477	165,251	166,679	156,133	17,550	197,908	242,048	202,969	32,326	219,135	226,294	211,235	253,403	217,817	170,682	170,406	192,572	183,875	186,093	170,959	305,588	214,026	165,975	136,208	134,949	140,006	129,786	123,049	131,698	140,135	186,015	110,461	125,247	109,062
Total other expense
906,416	823,683	877,619	873,032	894,348	802,162	775,979	776,577	933,344	795,813	806,025	750,635	787,852	769,103	752,392	749,895	776,095	786,113	653,816	696,628	686,375	666,221	665,359	667,660	690,234	695,053	658,626	598,591	635,596	626,146	616,027	627,392	639,695	739,583	662,019	576,895	499,571	469,274	480,133	476,068	489,362	478,451	500,056	563,710	438,346	434,763	419,710
Income before taxes
349,749	652,190	635,050	625,544	634,477	699,394	696,353	654,624	457,869	628,690	580,538	596,381	518,253	510,120	550,298	530,178	467,802	411,039	434,710	453,527	375,416	434,262	425,811	427,866	354,306	375,677	443,870	530,685	415,336	445,440	446,428	352,241	308,417	202,902	265,082	447,963	308,653	306,761	286,634	279,716	219,678	201,158	171,825	62,506	83,802	66,193	238,104
Income taxes
80,927	159,124	154,969	152,284	151,735	153,175	170,262	161,464	105,259	306,287	224,615	215,328	169,326	179,549	200,314	194,147	169,274	140,074	154,309	166,839	133,803	156,713	150,467	143,530	125,289	154,255	149,391	182,219	141,223	149,247	152,966	118,861	101,954	55,162	81,974	125,605	102,380	102,319	94,619	90,967	68,723	64,340	44,161	11,318	19,581	-24,992	77,839
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	91,185	160,265
Net income available to common shareholders
Basic
250,701	473,381	461,410	452,632	462,086	525,319	505,363	472,598	332,748	302,482	335,801	360,658	328,562	307,755	326,992	312,968	275,744	248,051	257,337	263,471	218,830	254,226	251,905	260,680	211,720	203,476	275,336	328,538	255,079	276,560	273,885	214,709	188,236	129,798	164,668	297,164	190,113	189,030	176,780	173,588	136,428	-	-	-	55,322	91,185	160,265
Diluted
250,701	473,382	461,410	452,633	462,086	525,321	505,365	472,600	332,749	302,484	335,804	360,662	328,567	307,761	326,998	312,974	275,748	248,060	257,346	263,481	218,837	254,238	251,917	260,695	211,731	203,487	275,356	328,557	255,096	276,576	273,896	214,716	188,241	129,794	164,671	297,179	190,121	189,036	176,789	173,597	136,431	-	-	-	-	-	-
Net income per common share
Net income available to common equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115,143	40,964	-	-	-
Basic
1.93	3.60	3.47	3.34	3.35	3.71	3.54	3.26	2.24	2.01	2.22	2.36	2.13	1.98	2.10	1.98	1.74	1.63	1.94	1.99	1.66	1.93	1.92	1.99	1.63	1.57	2.13	2.56	2.00	2.18	2.18	1.71	1.50	1.03	1.32	2.43	1.59	1.60	1.49	1.47	1.16	1.08	0.97	0.36	0.49	0.83	1.45
Diluted
1.93	3.59	3.47	3.34	3.35	3.72	3.53	3.26	2.23	2.02	2.21	2.35	2.12	1.97	2.10	1.98	1.73	1.62	1.93	1.98	1.65	1.92	1.91	1.98	1.61	1.56	2.11	2.55	1.98	2.16	2.17	1.71	1.50	1.02	1.32	2.42	1.59	1.60	1.48	1.46	1.15	1.07	0.97	0.36	0.49	0.82	1.44
Cash dividends per common share
-	-	-	-	-	-	-	-	-	-	0.75	0.75	0.75	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	-	0.70	0.70	0.70	0.70	0.70
Average common shares outstanding
Average common shares outstanding
Basic
129,696	-	132,965	135,433	137,889	-	142,822	144,825	148,688	-	151,347	152,857	154,427	-	155,493	157,802	158,734	-	132,630	132,356	132,049	-	131,265	130,856	130,212	-	129,171	128,252	127,669	-	125,818	125,488	125,220	-	124,575	122,181	119,201	-	118,320	118,054	117,765	-	117,370	113,218	110,439	110,265	110,191
Diluted
129,755	-	132,999	135,464	137,920	-	142,976	144,998	148,905	-	151,691	153,276	154,949	-	156,026	158,341	159,181	-	133,376	133,116	132,769	-	132,128	131,828	131,126	-	130,265	129,017	128,636	-	126,292	125,897	125,616	-	124,860	122,796	119,852	-	119,155	118,878	118,256	-	117,547	113,521	110,439	110,807	111,227
Mortgage Banking Revenues [Member]
Revenue from contract with customer
127,909	118,134	137,004	107,321	95,311	92,229	88,408	92,499	87,306	96,235	96,737	86,163	84,692	98,504	103,747	89,383	82,063	87,500	84,035	102,602	101,601	93,675	93,532	95,656	80,049	82,169	64,731	91,262	93,103	116,546	106,812	69,514	56,192	40,573	38,141	42,151	45,156	35,013	61,052	47,084	41,476	50,176	48,169	52,983	56,233	38,002	38,219
Service Charges on Deposit Accounts [Member]
Revenue from contract with customer
106,161	110,987	111,092	107,787	103,112	108,791	108,647	106,784	105,115	107,783	109,356	106,057	104,176	104,890	107,935	103,872	102,405	105,748	107,259	105,257	102,344	106,319	110,071	107,368	104,198	110,436	113,839	111,717	110,949	112,364	114,463	110,982	108,889	104,071	121,577	119,716	109,731	111,129	117,733	128,976	120,295	127,185	128,502	112,479	101,029	110,371	110,340
Trust Income [Member]
Revenue from contract with customer
148,751	151,525	143,915	144,382	132,786	135,024	133,545	137,641	131,375	129,669	124,900	126,797	120,015	122,003	118,654	120,450	111,077	114,564	113,744	118,598	123,734	128,442	128,671	129,893	121,252	125,876	123,801	124,728	121,603	116,915	115,709	122,275	116,953	113,820	113,652	75,592	29,321	31,031	30,485	30,169	30,928	29,660	31,586	32,442	34,880	38,789	40,426