Dec 31, 2019

M&T Bank Q4 2019 Earnings Report

M&T Bank reported a decrease in net income and diluted earnings per share for Q4 2019 compared to Q4 2018, but an increase compared to Q3 2019. The results reflect a year of strong performance, with growth in earnings per common share, combined net interest income and other income, and historically low net charge-offs.

Key Takeaways

M&T Bank Corporation reported GAAP diluted earnings per common share of $3.60 for Q4 2019, compared to $3.76 in Q4 2018 and $3.47 in Q3 2019. GAAP-basis net income was $493 million for the quarter, compared to $546 million in Q4 2018 and $480 million in Q3 2019.

GAAP diluted earnings per common share were $3.60 in Q4 2019, compared to $3.76 in the year-earlier quarter.

GAAP-basis net income in the recent quarter was $493 million, compared with $546 million in the final quarter of 2018.

Taxable-equivalent net interest income totaled $1.01 billion in Q4 2019, compared with $1.06 billion in the year-earlier quarter.

Noninterest income totaled $521 million in Q4 2019, 8% higher than $481 million in the year-earlier quarter.

Total Revenue
$1.53B
Previous year: $1.54B
-0.6%
EPS
$3.62
Previous year: $3.79
-4.5%
Net Interest Margin
3.64%
Previous year: 3.92%
-7.1%
Efficiency Ratio
53.15%
Previous year: 51.7%
+2.8%
Net Charge-offs Ratio
0.18%
Previous year: 0.17%
+5.9%
Gross Profit
$1.53B
Previous year: $1.54B
-0.6%
Cash and Equivalents
$1.44B
Previous year: $1.61B
-10.5%
Total Assets
$120B
Previous year: $120B
-0.2%

M&T Bank

M&T Bank

M&T Bank Revenue by Segment

Forward Guidance

This news release contains forward-looking statements that are based on current expectations, estimates and projections about M&T's business, management's beliefs and assumptions made by management.

Revenue & Expenses

Visualization of income flow from segment revenue to net income