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M&T Bank (MTB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
M&T Bank (MTB) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -3% from the quarter before. Operating margin was 33.0%, net earnings $584M (25.3% of revenue).
M&T Bank, Q1 2025: revenue $2.3B (+2% year over year), operating margin 33.0%, net earnings $584M, operating cash flow $635M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -3% | +2% |
| Operating profit | $761M | -14% | +15% |
| Net earnings | $584M | -14% | +10% |
| Operating cash flow | $635M | -62% | +4% |
What changed
Revenue was $2.3B in Q1 2025, up 2% year over year and down 3% from the previous quarter.
Operating profit was $0.76B, a 33.0% margin (up 3.6 points year over year). Of the extra revenue versus a year earlier, 211% reached operating profit, above the 29% margin then. Total costs fell 3% while revenue rose 2%. Net earnings were $0.58B, up 10% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.64B (up 4% year over year), 109% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items used $0.03B.
Questions
What was M&T Bank's revenue in the first quarter 2025?
M&T Bank (MTB) reported revenue of $2.3B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -3% from the quarter before.
Was M&T Bank profitable in the first quarter 2025?
Operating profit was $761M (33.0% of revenue) and net earnings $584M.
Source: M&T Bank 10-Q on SEC EDGAR.