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M&T Bank (MTB) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

M&T Bank Revenue Highlights

Latest Revenue (Y)

$10.22B

Latest Revenue (Q)

$3.39B

Main Segment (Y)

Fiduciary and Trust

M&T Bank Revenue by Period

M&T Bank Revenue by Year

DateRevenueChange
2023-12-31$10.22B27.12%
2022-12-31$8.04B34.23%
2021-12-31$5.99B0.62%
2020-12-31$5.95B-3.83%
2019-12-31$6.19B4.45%
2018-12-31$5.93B5.26%
2017-12-31$5.63B6.35%
2016-12-31$5.30B13.11%
2015-12-31$4.68B4.68%
2014-12-31$4.47B-1.80%
2013-12-31$4.55B6.23%
2012-12-31$4.29B5.24%
2011-12-31$4.07B16.81%
2010-12-31$3.49B11.44%
2009-12-31$3.13B7.32%
2008-12-31$2.92B5.12%
2007-12-31$2.77B-3.11%
2006-12-31$2.86B4.35%
2005-12-31$2.74B2.48%
2004-12-31$2.68B10.19%
2003-12-31$2.43B38.10%
2002-12-31$1.76B7.57%
2001-12-31$1.64B38.75%
2000-12-31$1.18B13.16%
1999-12-31$1.04B11.43%
1998-12-31$934.90M24.65%
1997-12-31$750.00M6.96%
1996-12-31$701.20M10.27%
1995-12-31$635.90M7.45%
1994-12-31$591.80M1.81%
1993-12-31$581.30M-

M&T Bank generated $10.22B in revenue during NA 2023, up 27.12% compared to the previous quarter, and up 172.46% compared to the same period a year ago.

M&T Bank Revenue by Quarter

DateRevenueChange
2024-09-30$3.39B0.53%
2024-06-30$3.37B1.44%
2024-03-31$3.33B45.81%
2023-12-31$2.28B-2.34%
2023-09-30$2.33B-1.78%
2023-06-30$2.38B-1.17%
2023-03-31$2.41B1.37%
2022-12-31$2.37B5.85%
2022-09-30$2.24B13.06%
2022-06-30$1.98B37.21%
2022-03-31$1.45B-4.45%
2021-12-31$1.51B-1.56%
2021-09-30$1.54B5.52%
2021-06-30$1.46B-2.09%
2021-03-31$1.49B-3.48%
2020-12-31$1.54B5.25%
2020-09-30$1.46B1.33%
2020-06-30$1.44B-4.10%
2020-03-31$1.51B-1.55%
2019-12-31$1.53B-1.78%
2019-09-30$1.56B0.26%
2019-06-30$1.55B0.18%
2019-03-31$1.55B0.73%
2018-12-31$1.54B3.44%
2018-09-30$1.49B1.51%
2018-06-30$1.47B2.23%
2018-03-31$1.43B-1.46%
2017-12-31$1.46B2.75%
2017-09-30$1.42B1.25%
2017-06-30$1.40B2.79%
2017-03-31$1.36B1.48%
2016-12-31$1.34B-0.63%
2016-09-30$1.35B2.87%
2016-06-30$1.31B1.20%
2016-03-31$1.30B3.03%
2015-12-31$1.26B10.75%
2015-09-30$1.14B-3.98%
2015-06-30$1.18B7.18%
2015-03-31$1.10B-2.95%
2014-12-31$1.14B1.18%
2014-09-30$1.12B-0.47%
2014-06-30$1.13B4.49%
2014-03-31$1.08B-3.38%
2013-12-31$1.12B-3.08%
2013-09-30$1.15B-2.89%
2013-06-30$1.19B8.80%
2013-03-31$1.09B0.04%
2012-12-31$1.09B-2.42%
2012-09-30$1.12B6.98%
2012-06-30$1.05B4.43%
2012-03-31$1.00B3.32%
2011-12-31$969.69M-3.19%
2011-09-30$1.00B-10.54%
2011-06-30$1.12B25.81%
2011-03-31$889.90M11.04%
2010-12-31$801.40M-9.21%
2010-09-30$882.71M4.22%
2010-06-30$846.96M-0.27%
2010-03-31$849.24M34.27%
2009-12-31$632.51M-29.80%
2009-09-30$901.02M6.11%
2009-06-30$849.12M18.51%
2009-03-31$716.49M-6.33%
2008-12-31$764.95M27.08%
2008-09-30$601.96M-20.57%
2008-06-30$757.81M-4.26%
2008-03-31$791.51M-

M&T Bank generated $3.39B in revenue during Q3 2024, up 0.53% compared to the previous quarter, and up 142.64% compared to the same period a year ago.

M&T Bank Revenue Breakdown

M&T Bank Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Fiduciary and Trust$680.00M----
Deposit Account$475.00M----
Mortgage Banking$409.00M$356.64M$571.33M$566.64M$457.77M

M&T Bank's latest annual revenue breakdown by segment (product or service), as of Dec 23: Fiduciary and Trust (43.48%), Deposit Account (30.37%), and Mortgage Banking (26.15%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Commercial Banking$69.00M$68.00M------------------
Retail Banking$123.00M$119.00M------------------
Fiduciary and Trust--$160.00M$524.91M$155.09M---------------
Deposit Account--$124.00M$353.64M$121.36M$106.16M--------------
Mortgage Banking--$104.00M$112.42M$104.48M$107.11M$84.98M$81.52M$83.04M$82.93M$109.15M$139.27M$160.00M$133.31M$138.75M$140.44M$153.27M$145.02M$127.91M$118.13M
Fiduciary And Trust------------------$148.75M-

M&T Bank's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Retail Banking (64.06%), and Commercial Banking (35.94%).

M&T Bank Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TFCTruist Financial$33.25B$7.83B
USBU.S. Bancorp$28.01B$2.70B
PNCPNC Financial Services Group$21.51B$5.46B
FITBFifth Third Bancorp$12.64B$3.38B
KEYKeyCorp$10.40B$1.91B
MTBM&T Bank$10.22B$3.39B
HBANHuntington Bancshares$8.92B$3.05B
RFRegions Financial$6.90B$2.35B
NYCBNew York Community Bancorp$5.49B$1.53B
CMAComerica$5.29B$982.00M
WALWestern Alliance Ban$4.33B$1.29B
ZIONZions Bancorporation, National Association$2.71B$1.28B
FHNFirst Horizon$1.39B$1.28B
CFGCitizens Financial Group$24.12M$3.06B

MTB Revenue FAQ

What is M&T Bank’s yearly revenue?

M&T Bank's yearly revenue for 2023 was $10.22B, representing an increase of 27.12% compared to 2022. The company's yearly revenue for 2022 was $8.04B, representing an increase of 34.23% compared to 2021. MTB's yearly revenue for 2021 was $5.99B, representing an increase of 0.62% compared to 2020.

What is M&T Bank’s quarterly revenue?

M&T Bank's quarterly revenue for Q3 2024 was $3.39B, a 0.53% increase from the previous quarter (Q2 2024), and a 45.22% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $3.37B, a 1.44% increase from the previous quarter (Q1 2024), and a 41.88% increase year-over-year (Q2 2023). MTB's quarterly revenue for Q1 2024 was $3.32B, a 45.81% increase from the previous quarter (Q4 2023), and a 38.23% increase year-over-year (Q1 2023).

What is M&T Bank’s revenue growth rate?

M&T Bank's revenue growth rate for the last 3 years (2021-2023) was 70.63%, and for the last 5 years (2019-2023) was 65.12%.

What are M&T Bank’s revenue streams?

M&T Bank's revenue streams in c 23 are Fiduciary and Trust, Deposit Account, and Mortgage Banking. Fiduciary and Trust generated $680M in revenue, accounting 43.48% of the company's total revenue Deposit Account generated $475M in revenue, accounting 30.37% of the company's total revenue Mortgage Banking generated $409M in revenue, accounting 26.15% of the company's total revenue, up 14.68% year-over-year.

What is M&T Bank’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of M&T Bank was Fiduciary and Trust. This segment made a revenue of $680M, representing 43.48% of the company's total revenue.