NYSE$MTB
M&T Bank Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
M&T Bank's first quarter earnings increased due to loan growth and steady credit quality.
M&T Bank Corporation reported a strong first quarter with net income nearly doubling from the year-earlier quarter, driven by loan growth, steady credit quality, and a strong liquidity position.
- Diluted earnings per common share were $4.01, compared to $2.62 in the year-earlier quarter.
- GAAP-basis net income was $702 million, up from $362 million in the first quarter of 2022.
- Taxable-equivalent net interest income totaled $1.832 billion, a 102% increase from the previous year.
- The provision for credit losses was $120 million, compared to $10 million in the first quarter of 2022.
Headline financials
Revenue & EPS history
M&T Bank · Revenue · Quarterly
$2.41B
Revenue by segment
M&T Bank · $491M total across 4 segments · Q1 2023
- Trust Income$194M—39.5%
- Other Revenues$160M—32.5%
- Deposit Service Charges$114M—23.1%
- Brokerage Services$24M—4.9%
Forward guidance
This news release and related conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the SEC.
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 2023
+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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