Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.30B | $5.63B | $5.93B | $6.19B | $5.95B | $5.99B | $1.52B | $1.48B | $1.54B | $1.66B |
| Revenue growth | — | 6.4% | 5.3% | 4.4% | -3.8% | 0.6% | -74.5% | -2.7% | 3.8% | 7.5% |
| Net income | $1.32B | $1.41B | $1.92B | $1.93B | $1.35B | $1.86B | $1.99B | $2.74B | $2.59B | $2.85B |
| Net margin | 24.8% | 25.0% | 32.4% | 31.2% | 22.7% | 31.0% | 130.6% | 184.7% | 167.9% | 172.1% |
| EPS (diluted) | $7.78 | $8.70 | $12.74 | $13.75 | $9.94 | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.18B | $2.78B | $2.09B | $2.36B | $789M | $2.71B | $4.57B | $3.90B | $3.61B | $3.00B |
| Capital expenditures | $108M | $79.0M | $98.0M | $178M | $172M | $149M | $214M | $256M | — | — |
| Free cash flow | $1.08B | $2.70B | $1.99B | $2.18B | $617M | $2.57B | $4.36B | $3.65B | — | — |
| Share buybacks | $641M | $1.21B | $2.19B | $1.35B | $374M | — | $1.80B | $594M | $396M | $2.63B |
| Dividends paid | $442M | $457M | $510M | $552M | $568M | $580M | $784M | $868M | $895M | $899M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.32B | $1.42B | $1.61B | $1.44B | $1.55B | $1.34B | $26.5B | $29.8B | $20.8B | $18.8B |
| Total assets | $123B | $119B | $120B | $120B | $143B | $155B | $201B | $208B | $208B | $214B |
| Total liabilities | $107B | $102B | $105B | $104B | $126B | $137B | $175B | $181B | $179B | $184B |
| Long-term debt | $9.49B | $8.14B | $8.44B | $6.99B | $4.38B | $3.49B | $3.96B | $8.20B | $12.6B | $10.9B |
| Shareholders' equity | $16.5B | $16.3B | $15.5B | $15.7B | $16.2B | $17.9B | $25.3B | $27.0B | $29.0B | $29.2B |
| Retained earnings | $9.22B | $10.2B | $11.5B | $12.8B | $13.4B | $14.6B | $15.8B | $17.5B | $19.1B | $20.9B |
| Shares (wtd avg diluted) | 157M | 153M | 144M | 134M | 129M | 129M | 164M | 167M | 167M | 159M |
Every figure is extracted from M&T BANK CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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