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M and t Bank Corporation  (MTB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

MTB's Net Income Growth by Quarter and Year

M And T Bank's Net Income results by quarter and year




MTB Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 739.10 434.17 451.87
III Quarter September 663.76 620.55 475.96 353.40
II Quarter June 840.52 192.24 438.76 223.10
I Quarter March 675.51 339.59 428.09 250.70
FY   2,179.79 1,891.48 1,776.98 1,279.07



MTB Net Income third quarter 2023 Y/Y Growth Comment
M and t Bank Corporation achieved in the third quarter 2023, above Company average Net Income improvement of 6.96% year on year, to $ 663.76 millions.

Looking into third quarter 2023 results within Regional Banks industry 42 other companies have achieved higher Net Income growth. While M And T Bank Corporation' s Net Income increase of 6.96% ranks overall at the positon no. 576 in the third quarter 2023.




MTB Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 70.23 % -3.92 % -4.54 %
III Quarter September 6.96 % 30.38 % 34.68 % -23.41 %
II Quarter June 337.22 % -56.19 % 96.67 % -50.71 %
I Quarter March 98.92 % -20.67 % 70.76 % -45.75 %
FY   - 6.44 % 38.93 % -30.84 %

Financial Statements
M And T Bank's third quarter 2023 Net Income $ 663.76 millions MTB's Income Statement
M And T Bank's third quarter 2022 Net Income $ 620.55 millions Quarterly MTB's Income Statement
New: More MTB's historic Net Income Growth >>


MTB Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 19.1 % -8.78 % 27.86 %
III Quarter September -21.03 % 222.8 % 8.48 % 58.4 %
II Quarter June 24.43 % -43.39 % 2.49 % -11.01 %
I Quarter March -8.6 % -21.78 % -5.26 % -47.04 %
FY (Year on Year)   - 6.44 % 38.93 % -30.84 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #43
Financial Sector #147
Overall #576

Net Income Y/Y Growth Statistics
High Average Low
99.43 % 3.28 % -601.17 %
(Jun 30 2023)   (Dec. 30. 2011)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #43
Financial Sector #147
Overall #576
Net Income Y/Y Growth Statistics
High Average Low
99.43 % 3.28 % -601.17 %
(Jun 30 2023)   (Dec. 30. 2011)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

M And T Bank's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
222.81 % 7.35 % -67.4 %
(Sep 30 2022)  


MTB's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 M And T Bank Corporation reported fall in Net Income from the second quarter by -21.03% to $ 663.76 millions, from $ 840.52 millions released a quarter before.

Those periodic factors could not recover the III. Quarter for the M and t Bank Corporation, Ella  Roberts, an industry contributor pointed out.

Within Regional Banks industry 111 other companies have achieved higher Net Income quarter on quarter growth. While M And T Bank's Net Income growth quarter on quarter, overall rank is 1111.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #112
Financial Sector #356
Overall #1111
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #112
Financial Sector #356
Overall #1111
Net Income Q/Q Growth Statistics
High Average Low
222.81 % 7.35 % -67.4 %
(Sep 30 2022)  


MTB's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 M And T Bank Corporation realized fall in Net Income from the previous quarter by -21.03% to $ 663.76 millions, from $ 840.52 millions declared in the previous quarter.

Even cyclical influence which normally fuel III. Quarter 2023 results, could not recover the III. Quarter for the M and t Bank Corporation, Ella  Roberts, an industry contributor pointed out, she identified additional difficulties ahead for MTB.

Within Regional Banks industry 111 other companies have achieved higher Net Income quarter on quarter growth. While M And T Bank's Net Income growth quarter on quarter, overall rank is 1111.


M And T Bank's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 2,918.89 $ 2,875.67 $ 2,227.39 $ 1,891.47 $ 1,586.55
Y / Y Net Income Growth (TTM) 83.98 % 99.43 % 31.92 % 6.44 % -11.6 %
Year on Year Net Income Growth Overall Ranking # 1242 # 1113 # 434 # 399 # 930
Seqeuential Net Income Change (TTM) 1.5 % 29.11 % 17.76 % 19.22 % 10.03 %
Seq. Net Income Growth (TTM) Overall Ranking # 807 # 1122 # 658 # 885 # 415




Cumulative Net Income growth Comment
Assuming the M And T Bank's fiscal year would have ended in Sep 30 2023, M And T Bank would have reprted above average annual Net Income growth of 83.98% year on year, of $ 2,919 millions.
This marks a slow-down of the companys growth trends and from the 99.43% increase in Jun 30 2023.

In the Financial sector 370 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1113 to 1242.

Net Income TTM Q/Q Growth Statistics
High Average Low
99.43 %
3.28 %
-601.17 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 67
Financial Sector # 371
Overall # 1242

Net Income TTM Y/Y Growth Statistics
High Average Low
99.43 %
3.28 %
-601.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 67
Sector # 215
S&P 500 # 807
Cumulative Net Income growth Comment
Assuming the M And T Bank's fiscal year would have ended in Sep 30 2023, M And T Bank would have reprted above average annual Net Income growth of 83.98% year on year, of $ 2,919 millions.
This marks a slow-down of the companys growth trends and from the 99.43% increase in Jun 30 2023.

In the Financial sector 370 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 1113 to 1242.

Net Income TTM Q/Q Growth Statistics
High Average Low
99.43 %
3.28 %
-601.17 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 67
Financial Sector # 371
Overall # 1242

Net Income TTM Y/Y Growth Statistics
High Average Low
99.43 %
3.28 %
-601.17 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 67
Sector # 215
S&P 500 # 807




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MTB's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MTB's Competitors
Net Income Growth for M And T Bank's Suppliers
Net Income Growth for MTB's Customers

You may also want to know
MTB's Annual Growth Rates MTB's Profitability Ratios MTB's Asset Turnover Ratio MTB's Dividend Growth
MTB's Roe MTB's Valuation Ratios MTB's Financial Strength Ratios MTB's Dividend Payout Ratio
MTB's Roa MTB's Inventory Turnover Ratio MTB's Growth Rates MTB's Dividend Comparisons



Companies with similar Net Income increase for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
Unitedhealth Group Incorporated12.15%$ 12.147 millions
Aon Plc11.72%$ 11.722 millions
Hamilton Lane Inc11.71%$ 11.715 millions
Brightsphere Investment Group Inc 11.24%$ 11.236 millions
Capstar Financial Holdings Inc 11.02%$ 11.021 millions
Epr Properties10.75%$ 10.750 millions
Republic Bancorp inc 10.72%$ 10.717 millions
Colony Bankcorp Inc 10.51%$ 10.510 millions
Arthur J Gallagher and Co 10.50%$ 10.496 millions
Houlihan Lokey Inc 10.38%$ 10.375 millions
Two Harbors Investment Corp 10.29%$ 10.295 millions
Plumas Bancorp10.27%$ 10.266 millions
Bank Of America Corporation10.17%$ 10.167 millions
Partners Bancorp9.96%$ 9.956 millions
First Ban corp 9.94%$ 9.945 millions
Federated Hermes Inc 9.90%$ 9.903 millions
Umb Financial Corp9.73%$ 9.733 millions
Simon Property Group inc 9.47%$ 9.474 millions
Nmi Holdings Inc 9.26%$ 9.262 millions
Peoples Financial Corp9.21%$ 9.205 millions
Brown and Brown Inc 9.19%$ 9.187 millions
Cme Group Inc 9.01%$ 9.005 millions
City Holding Company9.00%$ 9.005 millions
Oaktree Capital Group Llc8.87%$ 8.869 millions
Ladder Capital Corp8.75%$ 8.750 millions
Oak Valley Bancorp8.15%$ 8.147 millions
Eastern Bankshares Inc 7.92%$ 7.916 millions
Saul Centers Inc 7.72%$ 7.723 millions
Seacoast Banking Corporation Of Florida7.45%$ 7.446 millions
American Financial Group Inc 7.27%$ 7.273 millions




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