M&T Bank (MTB) Revenue & Revenue Breakdown
M&T Bank Revenue Highlights
Latest Revenue (Y)
$10.22B
Latest Revenue (Q)
$3.37B
Main Segment (Y)
Fiduciary and Trust
M&T Bank Revenue by Period
M&T Bank Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $10.22B | 27.12% |
| 2022-12-31 | $8.04B | 34.23% |
| 2021-12-31 | $5.99B | 0.62% |
| 2020-12-31 | $5.95B | -3.83% |
| 2019-12-31 | $6.19B | 4.45% |
| 2018-12-31 | $5.93B | 5.26% |
| 2017-12-31 | $5.63B | 6.35% |
| 2016-12-31 | $5.30B | 13.11% |
| 2015-12-31 | $4.68B | 4.68% |
| 2014-12-31 | $4.47B | -1.80% |
| 2013-12-31 | $4.55B | 6.23% |
| 2012-12-31 | $4.29B | 5.24% |
| 2011-12-31 | $4.07B | 16.81% |
| 2010-12-31 | $3.49B | 11.44% |
| 2009-12-31 | $3.13B | 7.32% |
| 2008-12-31 | $2.92B | 5.12% |
| 2007-12-31 | $2.77B | -3.11% |
| 2006-12-31 | $2.86B | 4.35% |
| 2005-12-31 | $2.74B | 2.48% |
| 2004-12-31 | $2.68B | 10.19% |
| 2003-12-31 | $2.43B | 38.10% |
| 2002-12-31 | $1.76B | 7.57% |
| 2001-12-31 | $1.64B | 38.75% |
| 2000-12-31 | $1.18B | 13.16% |
| 1999-12-31 | $1.04B | 11.43% |
| 1998-12-31 | $934.90M | 24.65% |
| 1997-12-31 | $750.00M | 6.96% |
| 1996-12-31 | $701.20M | 10.27% |
| 1995-12-31 | $635.90M | 7.45% |
| 1994-12-31 | $591.80M | 1.81% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.37B | 1.44% |
| 2024-03-31 | $3.33B | 45.81% |
| 2023-12-31 | $2.28B | -2.34% |
| 2023-09-30 | $2.33B | -1.78% |
| 2023-06-30 | $2.38B | -1.17% |
| 2023-03-31 | $2.41B | 1.37% |
| 2022-12-31 | $2.37B | 5.85% |
| 2022-09-30 | $2.24B | 13.06% |
| 2022-06-30 | $1.98B | 37.21% |
| 2022-03-31 | $1.45B | -4.45% |
| 2021-12-31 | $1.51B | -1.56% |
| 2021-09-30 | $1.54B | 5.52% |
| 2021-06-30 | $1.46B | -2.09% |
| 2021-03-31 | $1.49B | -3.48% |
| 2020-12-31 | $1.54B | 5.25% |
| 2020-09-30 | $1.46B | 1.33% |
| 2020-06-30 | $1.44B | -4.10% |
| 2020-03-31 | $1.51B | -1.55% |
| 2019-12-31 | $1.53B | -1.78% |
| 2019-09-30 | $1.56B | 0.26% |
| 2019-06-30 | $1.55B | 0.18% |
| 2019-03-31 | $1.55B | 0.73% |
| 2018-12-31 | $1.54B | 3.44% |
| 2018-09-30 | $1.49B | 1.51% |
| 2018-06-30 | $1.47B | 2.23% |
| 2018-03-31 | $1.43B | -1.46% |
| 2017-12-31 | $1.46B | 2.75% |
| 2017-09-30 | $1.42B | 1.25% |
| 2017-06-30 | $1.40B | 2.79% |
| 2017-03-31 | $1.36B | 1.48% |
| 2016-12-31 | $1.34B | -0.63% |
| 2016-09-30 | $1.35B | 2.87% |
| 2016-06-30 | $1.31B | 1.20% |
| 2016-03-31 | $1.30B | 3.03% |
| 2015-12-31 | $1.26B | 10.75% |
| 2015-09-30 | $1.14B | -3.98% |
| 2015-06-30 | $1.18B | 7.18% |
| 2015-03-31 | $1.10B | -2.95% |
| 2014-12-31 | $1.14B | 1.18% |
| 2014-09-30 | $1.12B | -0.47% |
| 2014-06-30 | $1.13B | 4.49% |
| 2014-03-31 | $1.08B | -3.38% |
| 2013-12-31 | $1.12B | -3.08% |
| 2013-09-30 | $1.15B | -2.89% |
| 2013-06-30 | $1.19B | 8.80% |
| 2013-03-31 | $1.09B | 0.04% |
| 2012-12-31 | $1.09B | -2.42% |
| 2012-09-30 | $1.12B | 6.98% |
| 2012-06-30 | $1.05B | 4.43% |
| 2012-03-31 | $1.00B | 3.32% |
| 2011-12-31 | $969.69M | -3.19% |
| 2011-09-30 | $1.00B | -10.54% |
| 2011-06-30 | $1.12B | 25.81% |
| 2011-03-31 | $889.90M | 11.04% |
| 2010-12-31 | $801.40M | -9.21% |
| 2010-09-30 | $882.71M | 4.22% |
| 2010-06-30 | $846.96M | -0.27% |
| 2010-03-31 | $849.24M | 34.27% |
| 2009-12-31 | $632.51M | -29.80% |
| 2009-09-30 | $901.02M | 6.11% |
| 2009-06-30 | $849.12M | 18.51% |
| 2009-03-31 | $716.49M | -6.33% |
| 2008-12-31 | $764.95M | 27.08% |
| 2008-09-30 | $601.96M | -20.57% |
| 2008-06-30 | $757.81M | -4.26% |
| 2008-03-31 | $791.51M | - |
M&T Bank generated $3.37B in revenue during Q2 2024, up 1.44% compared to the previous quarter, and up 140.23% 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail Banking | $119.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Commercial Banking | $68.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $137.00M |
| Fiduciary and Trust | - | $160.00M | $524.91M | $155.09M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deposit Account | - | $124.00M | $353.64M | $121.36M | $106.16M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Fiduciary And Trust | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $148.75M | - | - |
M&T Bank's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Retail Banking (63.64%), and Commercial Banking (36.36%).
M&T Bank Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TFC | Truist Financial | $33.25B | $1.14B |
| USB | U.S. Bancorp | $28.01B | $10.80B |
| PNC | PNC Financial Services Group | $21.51B | $8.04B |
| FITB | Fifth Third Bancorp | $12.64B | $3.31B |
| KEY | KeyCorp | $10.40B | $2.71B |
| MTB | M&T Bank | $10.22B | $3.37B |
| HBAN | Huntington Bancshares | $8.92B | $2.98B |
| RF | Regions Financial | $6.90B | $2.32B |
| NYCB | New York Community Bancorp | $5.49B | $1.66B |
| CMA | Comerica | $5.29B | $1.25B |
| WAL | Western Alliance Ban | $4.33B | $1.24B |
| ZION | Zions Bancorporation, National Association | $2.71B | $1.25B |
| FHN | First Horizon | $1.39B | $1.28B |
| CFG | Citizens Financial Group | $24.12M | $3.11B |
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 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). The company'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). MTB's quarterly revenue for Q4 2023 was $2.28B, a -2.34% decrease from the previous quarter (Q3 2023), and a -3.90% decrease year-over-year (Q4 2022).
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.