M&T Bank (MTB) 10-K Summary — Year Ended Dec 31, 2023
M&T Bank Corporation's annual revenue declined from an earlier high and subsequently stabilized. Net income and operating cash flow were reported, reflecting ongoing profitability and liquidity.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
M&T Bank Corporation's annual revenue declined from an earlier high and subsequently stabilized. Net income and operating cash flow were reported, reflecting ongoing profitability and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.5B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.7B
Net income reported for the year.
Operating cash flow
$3.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $6B | n/a |
| Dec 31, 2022 | $1.5B | -74.5% |
| Dec 31, 2023 | $1.5B | -2.7% |
Business overview
M&T Bank Corporation is a financial institution that manages a diversified portfolio of loans and securities. Its business operations include deposit-taking, lending, and investment activities, with a focus on interest rate risk management and credit loss allowances. The company's financial condition is influenced by the distribution of its assets and liabilities.
Financial performance
Revenue in the most recent period was lower than earlier levels, continuing a downward trend. Net income and operating cash flow were reported, indicating that the company remained profitable and generated sufficient cash from operations. The allowance for credit losses and loan portfolio performance are key areas of focus.
Material risks
The filing highlights risks associated with the loan portfolio, including credit losses and interest rate fluctuations. Regulatory changes and economic conditions also pose potential challenges. The company's risk factors are detailed in the risk factors section of the filing.
Liquidity and capital
The company's liquidity is supported by operating cash flows, which are used to fund lending and investment activities. Capital allocation decisions are influenced by the need to maintain adequate allowance for credit losses and regulatory capital.
What to watch
Changes in the allowance for credit losses and credit quality ratios should be monitored in the next filing.