M&T Bank Q4 2021 Earnings Report
Key Takeaways
M&T Bank Corporation reported GAAP diluted earnings per common share of $3.37 for Q4 2021, a decrease from $3.52 in Q4 2020 and $3.69 in Q3 2021. GAAP-basis net income was $458 million, down from $471 million in the year-earlier quarter and $495 million in the third quarter of 2021.
Diluted earnings per common share were $3.37, compared to $3.52 in the year-earlier quarter.
GAAP-basis net income was $458 million, compared to $471 million in the fourth quarter of 2020.
Taxable-equivalent net interest income was $937 million, down from $993 million in the fourth quarter of 2020.
The allowance for credit losses totaled $1.47 billion or 1.58% of loans outstanding.
M&T Bank
M&T Bank
M&T Bank Revenue by Segment
Forward Guidance
M&T Bank is prepared to complete the acquisition of People’s United and strategically deploy excess liquidity and capital as they manage through a likely period of rising interest rates and elevated inflation.
Positive Outlook
- Ready to complete acquisition of People’s United
- Strategically deploy excess liquidity
- Capital deployment
- Manage rising interest rates
- Manage elevated inflation
Revenue & Expenses
Visualization of income flow from segment revenue to net income