M&T Bank (MTB) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined sharply compared with both the prior quarter and the same quarter a year earlier. The reported figure was substantially lower than the year-ago level, reflecting a significant contraction.
Key takeaway
Quarter ended Jun 30, 2023 · FY2024 Q2
Revenue for the quarter declined sharply compared with both the prior quarter and the same quarter a year earlier. The reported figure was substantially lower than the year-ago level, reflecting a significant contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$376M
Revenue reported for this quarter.
Quarter-over-quarter
-81.0%
Change from the immediately preceding quarter.
Year-over-year
-81.0%
Change from the comparable year-ago quarter.
Trailing four quarters
n/a
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2B | n/a |
| Jun 30, 2023 | $376M | -81.0% |
Revenue performance
The reported revenue decreased markedly from the immediately preceding quarter, continuing a downward trajectory. The decline was steep relative to the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue fell by the same magnitude as the sequential decline, indicating a sustained drop from the prior year's level. The year-ago figure was substantially higher.
What to watch
The filing context does not provide specific causes for the revenue change; monitor future filings for underlying drivers.