M&T BANK CORPORATION MTB Income Statement

M&t bank corporation (MTB)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Agreements to resell securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trading account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0
Loans and leases, including fees
4,371	4,442	4,462	4,403	4,302	4,164	4,031	3,924	3,824	3,742	3,659	3,576	3,519	3,485	3,398	3,199	2,994	2,778	2,640	2,616	2,598	2,596	2,600	2,637	2,697	2,734	2,764	2,768	2,738	2,704	2,659	2,627	2,577	2,522	2,479	2,427	2,399	2,394	2,386	2,383	2,360	2,326	2,412	2,520	0	0	0
Investment securities
Fully taxable
258	288	303	315	321	323	330	337	348	361	363	360	358	361	374	382	384	372	362	360	352	340	317	282	238	209	191	190	208	227	241	247	248	256	266	285	309	324	342	360	376	389	411	419	0	0	0
Exempt from federal taxes
0	0	0	0	0	0	0	1	1	1	1	1	2	2	3	3	3	4	4	4	5	5	5	5	6	6	7	7	7	8	8	8	8	9	9	9	9	9	10	10	9	8	7	8	0	0	0
Deposits at banks
132	141	145	131	116	108	88	77	67	61	51	48	47	45	38	30	22	15	16	15	14	13	9	7	6	5	3	1	1	1	2	3	3	2	1	0	0	0	0	0	0	0	0	0	0	0	0
Other
11	7	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	1	0	1	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest income
4,773	4,879	4,913	4,851	4,742	4,598	4,452	4,342	4,243	4,167	4,076	3,988	3,929	3,895	3,815	3,615	3,405	3,170	3,025	2,998	2,972	2,956	2,934	2,934	2,950	2,957	2,968	2,970	2,957	2,941	2,912	2,887	2,838	2,792	2,758	2,724	2,720	2,729	2,739	2,754	2,747	2,725	2,833	2,950	0	0	0
Interest expense
Savings and interest-checking deposits
369	368	342	293	251	215	184	166	148	133	120	107	97	87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest-checking deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1	1	1	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	1	1	1	0	0	0
Savings deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	47	49	52	54	57	60	63	68	73	79	83	84	84	83	84	85	85	86	91	112	149	187	0	0	0
Time deposits
96	95	87	75	61	51	47	48	53	61	73	86	97	102	95	70	47	27	14	15	15	15	16	18	22	26	31	35	40	46	51	58	65	71	77	82	89	100	118	145	175	206	238	267	0	0	0
Deposits at Cayman Islands office
20	21	20	15	9	5	2	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	0	0	0	0	1	1	1	1	1	1	1	2	20	42	0	0	0
Short-term borrowings
18	24	23	17	11	5	4	3	2	1	1	0	1	3	5	4	3	1	0	0	0	0	0	0	0	0	0	0	1	1	1	1	0	1	1	2	2	3	3	4	5	7	34	75	0	0	0
Long-term borrowings
211	239	260	270	262	248	228	210	196	189	195	206	219	231	238	242	246	252	247	243	230	217	207	198	199	199	201	206	214	225	234	243	245	243	247	254	262	271	277	285	307	340	403	452	0	0	0
Total interest expense
716	749	733	672	596	526	467	429	401	386	391	402	416	425	414	380	350	328	307	304	292	280	273	269	276	284	294	306	323	343	363	384	397	402	412	425	440	462	487	524	582	669	848	1,026	0	0	0
Net interest income
4,057	4,130	4,180	4,179	4,146	4,072	3,984	3,912	3,842	3,781	3,685	3,586	3,512	3,469	3,401	3,235	3,054	2,842	2,717	2,693	2,679	2,676	2,661	2,665	2,673	2,673	2,674	2,663	2,634	2,598	2,549	2,503	2,441	2,389	2,345	2,298	2,279	2,267	2,252	2,229	2,164	2,055	1,985	1,924	0	0	0
Provision for credit losses
404	176	160	131	111	132	125	139	156	168	199	216	196	190	186	183	181	170	145	130	130	124	133	152	179	185	192	190	193	204	229	241	244	270	281	316	338	368	428	489	551	604	560	506	0	0	0
Net interest income after provision for credit losses
3,653	3,954	4,020	4,048	4,035	3,940	3,859	3,773	3,686	3,613	3,486	3,370	3,316	3,279	3,215	3,052	2,873	2,672	2,572	2,563	2,549	2,552	2,528	2,513	2,494	2,488	2,482	2,473	2,441	2,394	2,320	2,262	2,197	2,119	2,064	1,982	1,941	1,899	1,824	1,740	1,613	1,451	1,425	1,418	0	0	0
Other income
Brokerage services income
49	48	49	50	50	51	51	53	57	61	63	65	64	63	63	64	65	64	65	65	66	67	67	66	66	65	64	61	60	59	57	57	56	56	54	52	50	49	52	54	55	57	59	62	0	0	0
Trading account and foreign exchange gains
72	62	61	51	38	32	26	27	30	35	32	38	43	41	43	38	31	30	29	27	29	29	35	37	38	40	37	36	33	35	33	28	29	27	32	33	30	27	21	22	26	23	20	19	0	0	0
Gain (loss) on bank investment securities
-14	18	29	22	15	-6	-10	0	0	-	-	0	-	30	28	0	-0	-0	0	0	0	-	-	-	-	-	0	0	-	0	0	-0	110	150	151	152	41	2	2	0	1	1	1	1	0	0	0
Total other-than-temporary impairment ("OTTI") losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	7	9	13	32	48	54	83	72	200	209	154	115	433	352	297	264	-355	-296	0	0	0
Portion of OTTI losses recognized in other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	16	20	32	15	9	7	-10	4	-22	-31	-25	-29	-230	-206	-153	-126	0	0	0	0	0
Net OTTI losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	24	29	46	47	58	62	72	77	178	178	129	86	202	146	143	138	-256	-215	0	0	0
Equity in earnings of Bayview Lending Group LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-18	-16	-16	-14	-16	-20	-21	-21	-23	-22	-24	-26	-25	-26	-25	-28	-33	-27	-25	-29	-31	0	0	0
Other revenues from operations
468	469	462	471	459	451	446	439	455	440	450	447	435	426	425	430	473	462	434	423	377	383	401	455	454	453	451	394	383	374	421	418	492	496	467	450	366	355	317	347	345	325	315	286	0	0	0
Total other income
2,090	2,061	2,021	1,952	1,898	1,856	1,859	1,859	1,862	1,851	1,832	1,864	1,851	1,825	1,808	1,756	1,805	1,825	1,828	1,839	1,799	1,779	1,773	1,800	1,852	1,865	1,872	1,840	1,723	1,667	1,612	1,535	1,645	1,582	1,471	1,392	1,164	1,108	1,087	1,075	1,073	1,048	895	888	0	0	0
Other expense
Salaries and employee benefits
1,938	1,900	1,870	1,825	1,788	1,752	1,715	1,682	1,662	1,648	1,634	1,635	1,636	1,618	1,664	1,628	1,591	1,549	1,460	1,445	1,423	1,404	1,395	1,386	1,369	1,355	1,342	1,324	1,324	1,314	1,304	1,307	1,284	1,203	1,134	1,056	1,001	999	1,003	1,012	1,016	1,001	991	972	0	0	0
Equipment and net occupancy
324	324	314	309	303	298	296	294	295	295	293	293	295	295	295	289	280	272	264	263	264	269	275	274	270	264	258	256	257	257	259	263	257	249	235	221	217	216	218	222	218	211	204	193	0	0	0
Outside data processing and software
241	229	218	208	203	199	198	193	188	184	178	175	173	172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC assessments
44	41	38	47	57	68	82	87	93	101	107	111	108	105	95	78	66	52	44	46	50	55	61	63	65	69	75	84	91	101	105	108	110	100	90	82	77	79	80	83	112	96	78	58	0	0	0
Advertising and marketing
95	93	92	92	89	85	79	74	69	69	70	75	81	87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Printing, postage and supplies
40	39	39	37	36	35	35	35	35	35	36	36	37	39	41	41	40	38	36	36	36	38	38	38	39	39	41	39	40	41	42	45	43	40	37	35	34	33	34	35	38	38	37	38	0	0	0
Amortization of core deposit and other intangible assets
18	19	20	21	22	24	26	27	29	31	33	35	38	42	43	37	31	26	24	27	30	33	37	40	43	46	50	53	57	60	63	67	66	61	57	53	53	58	61	64	65	64	63	63	0	0	0
Other costs of operations
776	819	852	802	748	823	847	914	911	773	759	696	687	687	505	538	613	660	675	696	680	688	910	908	853	812	751	717	732	733	846	876	856	821	651	577	540	527	524	524	580	568	561	530	0	0	0
Total other expense
3,480	3,468	3,447	3,345	3,249	3,288	3,281	3,311	3,285	3,140	3,113	3,059	3,059	3,047	3,064	2,965	2,912	2,822	2,703	2,714	2,685	2,689	2,718	2,711	2,642	2,587	2,518	2,476	2,505	2,509	2,622	2,668	2,618	2,478	2,207	2,025	1,925	1,914	1,924	1,943	2,031	1,980	1,936	1,856	0	0	0
Income before taxes
2,262	2,547	2,594	2,655	2,684	2,508	2,437	2,321	2,263	2,323	2,205	2,175	2,108	2,058	1,959	1,843	1,767	1,674	1,697	1,689	1,663	1,642	1,583	1,601	1,704	1,765	1,835	1,837	1,659	1,552	1,309	1,128	1,224	1,224	1,328	1,350	1,181	1,092	987	872	655	519	384	450	0	0	0
Income taxes
547	618	612	627	636	590	743	797	851	915	788	764	743	743	703	657	630	595	611	607	584	575	573	572	611	627	622	625	562	523	428	357	364	365	412	424	390	356	318	268	188	139	50	83	0	0	0
Net income
1,715	1,929	1,982	2,028	2,048	1,918	1,694	1,524	1,411	1,408	1,416	1,410	1,365	1,315	1,255	1,185	1,136	1,079	1,086	1,081	1,078	1,066	1,010	1,029	1,093	1,138	1,213	1,212	1,097	1,029	881	770	859	859	916	925	791	736	668	604	466	379	334	366	0	0	0
Net income available to common shareholders
Basic
1,638	1,849	1,901	1,945	1,965	1,836	1,613	1,443	1,331	1,327	1,332	1,323	1,276	1,223	1,163	1,094	1,044	987	993	988	985	978	927	951	1,019	1,062	1,135	1,134	1,020	953	806	697	779	781	840	853	729	675	0	0	0	-	-	-	0	0	0
Diluted
1,638	1,849	1,901	1,945	1,965	1,836	1,613	1,443	1,331	1,327	1,332	1,323	1,276	1,223	1,163	1,094	1,044	987	993	988	985	978	927	951	1,019	1,062	1,135	1,134	1,020	953	806	697	779	781	841	853	729	675	0	0	0	-	-	-	-	-	-
Net income per common share
Net income available to common equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
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	-	132	135	137	-	142	144	148	-	151	152	154	-	155	157	158	-	132	132	132	-	131	130	130	-	129	128	127	-	125	125	125	-	124	122	119	-	118	118	117	-	117	113	110	110	110
Diluted
129	-	132	135	137	-	142	144	148	-	151	153	154	-	156	158	159	-	133	133	132	-	132	131	131	-	130	129	128	-	126	125	125	-	124	122	119	-	119	118	118	-	117	113	110	110	111
Mortgage Banking Revenues [Member]
Revenue from contract with customer
490	457	431	383	368	360	364	372	366	363	366	373	376	373	362	342	356	375	381	391	384	362	351	322	318	331	365	407	385	349	273	204	177	166	160	183	188	184	199	186	192	207	195	185	0	0	0
Service Charges on Deposit Accounts [Member]
Revenue from contract with customer
436	432	430	428	427	429	428	429	428	427	424	423	420	419	419	419	420	420	421	423	426	427	432	435	440	446	448	449	448	446	438	445	454	455	462	458	467	478	494	504	488	469	452	434	0	0	0
Trust Income [Member]
Revenue from contract with customer
588	572	556	545	538	537	532	523	512	501	493	487	481	472	464	459	457	470	484	499	510	508	505	500	495	496	487	478	476	471	468	466	420	332	249	166	121	122	121	122	124	128	137	146	0	0	0