NYSE$MTB
M&T Bank Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
M&T Bank reported an increase in net income and diluted earnings per share for the third quarter of 2021, driven by strong fee income and a robust business model.
M&T Bank Corporation reported GAAP diluted earnings per common share of $3.69 for Q3 2021, up from $2.75 in Q3 2020 and $3.41 in Q2 2021. Net income was $495 million, compared to $372 million in the same quarter the previous year. The results reflect the strength of M&T's diversified business model, with fee income being particularly robust.
- Diluted earnings per common share increased to $3.69, up from $2.75 in the year-earlier quarter.
- GAAP-basis net income rose to $495 million, compared to $372 million in the third quarter of 2020.
- Fee income was robust, driven by strong mortgage banking, trust and brokerage, and other payments revenue.
- Common Equity Tier 1 Capital Ratio improved to 11.1% at September 30, 2021, from 10.7% at the end of the second quarter.
Headline financials
Revenue & EPS history
M&T Bank · Revenue · Quarterly
$1.54B
Revenue by segment
M&T Bank · $569M total across 6 segments · Q3 2021
- Mortgage Banking$160M+4.4%28.1%
- Trust Income$157M+4.6%27.6%
- Other Revenues$120M+12.0%21.2%
- Deposit Service Charges$105M+15.4%18.5%
- Brokerage Services$20.5M+76.6%3.6%
- Trading & Derivatives$5.56M+38.2%1.0%
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 Q3 2021
+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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