M&T Bank
Financial Performance
M&T Bank Revenue & Financials
Revenue
$9.1B (FY2024)
Employees
22,000
What is M&T Bank's revenue?
M&T Bank had $9.1B in revenue for fiscal year 2024, down 3.2% from 2023.
- Latest revenue
- $9.1B (FY2024)
- Year-over-year
- -3.2%
- Growth rate (CAGR)
- 14.9% over 3 years
- Peak revenue
- $9.4B (FY2023)
- Years of data
- 4
- Employees
- 22,000
- How many employees does M&T Bank have?
- M&T Bank has about 22,000 employees.
Financial Analysis
M&T Bank delivered total revenues of $9.1 billion in 2024, supported by resilient net interest margins and substantial fee contributions from Wilmington Trust. Following the successful integration of People's United Financial (an $8.3 billion acquisition completed in 2022), M&T expanded its presence across New England, creating significant operational synergies and bolstering its deposit franchise.
Revenue Trend Analysis
YoY Change
-3.2%
3-Year CAGR
+14.9%
Peak Year
2023
Trend
Mostly Growing
M&T Bank has 4 full fiscal year figures on this page, compounding at +14.9% annually over 3 years. The most recent year saw a 3.2% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $9.4B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $9.1B | -3.2% |
| FY2023 | $9.4B | +14.6% |
| FY2022 | $8.2B | +36.7% |
| FY2021 | $6B | — |
Click any row to see year details.
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M&T Bank Revenue and Financial FAQ
What was M&T Bank's revenue in 2021?
M&T Bank achieved $9.1B in revenue for fiscal year 2021.
Is M&T Bank profitable?
M&T Bank's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is M&T Bank growing?
M&T Bank has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does M&T Bank fund its capital expenditures?
M&T Bank funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is M&T Bank's debt profile?
M&T Bank maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does M&T Bank reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "M&T Bank Revenue & Financials." CorpDigest, https://corpdigest.com/company/mt-bank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>M&T Bank reported $9.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/mt-bank/financials" target="_blank" rel="noopener">CorpDigest — M&T Bank financials</a></div>Related Financial Audits
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