M&T BANK CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.7B | $1.5B | $9.6B | $8.2B | $6.0B |
| Interest expense | — | — | $3.1B | $425.0M | $114.0M |
| Pretax income | $3.7B | $3.3B | $3.6B | $2.6B | $2.5B |
| Income tax expense | $841.0M | $722.0M | $878.0M | $620.0M | $596.0M |
| Net income | $2.9B | $2.6B | $2.7B | $2.0B | $1.9B |
| Balance Sheet | |||||
| Total assets | $213.5B | $208.1B | $208.3B | $200.7B | $155.1B |
| Total liabilities | $184.3B | $179.1B | $181.3B | $175.4B | $137.2B |
| Stockholders' equity | $29.2B | $29.0B | $27.0B | $25.3B | $17.9B |
| Cash Flow Statement | |||||
| Cash from operations | $3.0B | $3.6B | $3.9B | $4.6B | $2.7B |
| Depreciation and amortization | $323.0M | $316.0M | $304.0M | $282.0M | — |
| Stock-based compensation | $136.0M | $116.0M | $118.0M | $111.0M | $85.0M |
| Capital expenditure | — | — | $256.0M | $214.0M | $149.0M |
| Free cash flow | — | — | $3.6B | $4.4B | $2.6B |
| Dividends paid | $899.0M | $895.0M | $868.0M | $784.0M | $580.0M |
| Share repurchases | $2.6B | $396.0M | $594.0M | $1.8B | — |
| Impairments | $18.0M | $40.0M | $4.0M | $8.0M | $8.0M |
Shares outstanding 146.4M · Free float 99.6%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.