NYSE$MTB
M&T Bank Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Announced first quarter results, impacted by COVID-19 pandemic and adoption of amended accounting guidance for credit losses.
M&T Bank Corporation reported a GAAP-basis net income of $269 million for the first quarter of 2020, a decrease compared to $483 million in the same quarter of the previous year. The results were impacted by the COVID-19 pandemic and the adoption of amended accounting guidance for credit losses, which led to a $132 million increase in the allowance for credit losses as of January 1, 2020.
- Diluted earnings per common share were $1.93, compared to $3.35 in the first quarter of 2019.
- GAAP-basis net income expressed as an annualized rate of return on average assets was 0.90%.
- A provision for credit losses of $250 million was recorded in the first quarter of 2020.
- Taxable-equivalent net interest income was $982 million, compared to $1.06 billion in the first quarter of 2019.
Headline financials
Revenue & EPS history
M&T Bank · Revenue · Quarterly
$1.51B
Revenue by segment
M&T Bank · $422M total across 5 segments · Q1 2020
- Trust Income$149M+12.0%35.2%
- Other Revenues$133M-0.9%31.5%
- Deposit Service Charges$106M+3.0%25.1%
- Trading & Derivatives$21M+94.6%5.0%
- Brokerage Services$13.1M+5.2%3.1%
Forward guidance
M&T Bank expects the COVID-19 pandemic to have a material impact on its future financial results, although the full extent is uncertain and not currently estimable.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+3.2%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+9.7%
Q1 2022
Best reaction
-14.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +0.2% | -0.4% | -7.0% | |
| Q1 2026 | +0.6% | -0.4% | -7.0% | |
| Q3 2025 | -3.5% | -1.8% | +1.0% | |
| Q2 2025 | +0.4% | -1.5% | +2.9% | |
| Q1 2025 | +0.3% | +1.4% | +17.4% | |
| Q4 2024 | -2.0% | -1.3% | -1.0% | |
| Q3 2024 | +4.3% | +2.5% | +13.4% | |
| Q2 2024 | +0.4% | +4.6% | -0.9% | |
| Q1 2024 | +2.1% | +6.6% | +14.9% | |
| Q4 2023 | +6.4% | +8.3% | +5.6% | |
| Q3 2023 | -3.8% | -10.3% | +1.9% | |
| Q2 2023 | +2.8% | +3.7% | -5.3% | |
| Q1 2023 | +7.8% | +6.4% | +2.9% | |
| Q4 2022 | +5.4% | +6.3% | +9.7% | |
| Q3 2022 | -14.8% | -13.8% | -9.9% | |
| Q2 2022 | +2.7% | +4.7% | +14.6% | |
| Q1 2022 | +9.7% | +7.4% | +0.4% | |
| Q4 2021 | -9.0% | -6.4% | +3.7% | |
| Q3 2021 | +5.4% | +4.9% | +3.8% | |
| Q2 2021 | -4.5% | -2.1% | +0.5% | |
| Q1 2021 | -2.7% | -0.5% | +5.4% | |
| Q4 2020 | -0.4% | -4.5% | +4.3% | |
| Q3 2020 | +7.2% | +0.3% | +19.2% | |
| Q2 2020 | +1.6% | -0.6% | -0.9% | |
| Q1 2020 | -0.8% | -0.4% | -8.9% | |
| Q4 2019 | +5.9% | +5.5% | +4.1% | |
| Q3 2019 | -4.2% | -1.6% | +3.2% | |
| Q2 2019 | -4.4% | -4.6% | -13.4% | |
| Q1 2019 | +0.3% | -0.8% | -3.8% | |
| Q4 2018 | +7.2% | +7.9% | +11.6% | |
| Q3 2018 | +1.3% | -0.5% | +6.5% | |
| Q2 2018 | +2.5% | +3.6% | +4.7% | |
| Q1 2018 | -3.1% | -0.9% | +0.6% | |
| Q4 2017 | +5.3% | +5.4% | +6.9% | |
| Q3 2017 | -1.1% | +0.5% | -2.2% | |
| Q2 2017 | -3.1% | -3.1% | -7.3% | |
| Q1 2017 | +2.6% | +4.0% | +5.8% | |
| Q4 2016 | +1.5% | +3.2% | +8.6% | |
| Q3 2016 | +3.1% | +3.2% | +22.5% | |
| Q2 2016 | -5.1% | -4.5% | -0.9% | |
| Q1 2016 | +2.6% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | +2.5% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | -2.4% | — | — | |
| Q3 2014 | -2.6% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q4 2013 | -2.5% | — | — | |
| Q3 2013 | -1.1% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -1.8% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | +7.7% | — | — | |
| Q2 2012 | +4.0% | — | — | |
| Q1 2012 | +3.4% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | -2.0% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2007 | -2.1% | — | — | |
| Q4 2010 | -2.1% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2009 | +5.0% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q3 2009 | +3.1% | — | — | |
| Q3 2008 | +3.1% | — | — | |
| Q4 2008 | +2.7% | — | — | |
| Q2 2009 | +2.7% | — | — | |
| Q2 2008 | +2.7% | — | — |
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