M&T Bank (MTB) FY2021 results: revenue $6.0 billion, up 0.6% on the year
M&T Bank Corp. (MTB) reported revenue of $6.0 billion for fiscal 2021, the year ended 31 December 2021, up 0.6% on the year before. Net income was $1.9 billion, up 37.4%, and diluted earnings per share $13.80. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$6.0 billion
+0.6% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$1.9 billion
+37.4% on the year
FY2014FY2021
Diluted EPS
$13.80
+38.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,715
789
2,358
+244.0%
Capital expenditure
149
172
178
-13.4%
Free cash flow
2,566
617
2,180
+315.8%
Cash from investing
-13,632
-22,020
727
Cash from financing
10,701
21,348
-3,254
-49.9%
Share-based compensation
85.0
80.0
76.0
+6.2%
Buybacks
n/a
374
1,350
Dividends paid
580
568
552
+2.1%
Diluted shares, weighted
129m
129m
134m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
17,903
16,187
15,717
+10.6%
Deposits
131,543
119,806
94,770
+9.8%
Debt
3,532
4,442
7,049
-20.5%
Other liabilities
2,128
2,166
2,337
-1.8%
Total liabilities and equity
155,107
142,601
119,873
+8.8%
Fixed assets
1,145
1,162
1,141
-1.4%
Goodwill
4,593
4,593
4,593
0.0%
Intangible assets
4.0
14.2
29.0
-71.8%
Securities held for sale or to maturity
6,690
6,572
8,976
+1.8%
Loans
91,443
96,799
89,872
-5.5%
Cash and equivalents
1,338
1,553
1,436
-13.9%
Other assets
49,894
31,908
13,826
+56.4%
Total assets
155,107
142,601
119,873
+8.8%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.