M&T Bank

Halal Rating :
Uncomfortable
Last Price $200
Market Cap $33.25b
1D Change

-0.02 %

1 Year Change

40.32 %

Next Earnings Date

Yet to be announced

Company Overview

M&T Bank Corporation provides deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans, and credit cards.

Revenue Sources

Fail

Based on the financial data provided, M&T Bank's primary business model revolves around traditional banking activities including lending and deposit-taking. Banking and interest-based lending constitute the core of their business model.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $2.33b $1.06b $1.73b $1.06b 74.01% 100.00%
June 30, 2024 $2.3b $1.07b $1.72b $1.07b 74.63% 100.00%
March 31, 2024 $2.26b $1.06b $1.68b $1.06b 74.34% 100.00%
Dec. 31, 2023 $2.3b $1.02b $1.72b $1.02b 74.87% 100.00%

Analysis of the last four quarters shows that interest income and expense are central to M&T Bank's operations. Interest income consistently represents over 74% of total revenue across all quarters examined. Interest expense similarly represents a substantial portion of total expenses, confirming that interest-based activities are fundamental to the company's business model.

Operational Ethics

Pass

Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations.

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