M&T Bank (MTB) FY2022 results: revenue $8.2 billion, up 36.5% on the year
M&T Bank Corp. (MTB) reported revenue of $8.2 billion for fiscal 2022, the year ended 31 December 2022, up 36.5% on the year before. Net income was $2.0 billion, up 7.2%, and diluted earnings per share $11.53. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$8.2 billion
+36.5% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$2.0 billion
+7.2% on the year
FY2015FY2022
Diluted EPS
$11.53
-16.4% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,574
2,715
789
+68.5%
Capital expenditure
214
149
172
+43.6%
Free cash flow
4,360
2,566
617
+69.9%
Cash from investing
16,593
-13,632
-22,020
Cash from financing
-20,984
10,701
21,348
Depreciation and amortisation
282
n/a
n/a
Share-based compensation
111
85.0
80.0
+30.6%
Buybacks
1,800
n/a
374
Dividends paid
784
580
568
+35.1%
Dividend per share
$4.80
n/a
n/a
Diluted shares, weighted
164m
129m
129m
+27.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
25,318
17,903
16,187
+41.4%
Deposits
163,515
131,543
119,806
+24.3%
Repurchase agreements
355
n/a
n/a
Debt
7,520
3,532
4,442
+112.9%
Other liabilities
4,022
2,128
2,166
+89.0%
Total liabilities and equity
200,730
155,107
142,601
+29.4%
Fixed assets
1,654
1,145
1,162
+44.5%
Goodwill
8,490
4,593
4,593
+84.8%
Intangible assets
209
4.0
14.2
+5,137.0%
Securities held for sale or to maturity
24,279
6,690
6,572
+262.9%
Loans
129,639
91,443
96,799
+41.8%
Cash and equivalents
26,479
1,338
1,553
+1,879.6%
Other assets
9,980
49,894
31,908
-80.0%
Total assets
200,730
155,107
142,601
+29.4%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.