M&T Bank (MTB) Non Operating Interest Expenses (2009 - 2024)
M&T Bank's (MTB) quarterly Non Operating Interest Expenses came in at $1.1 billion in Q2 2024, up 49.37% year-over-year from $717.0 million in Q3 2023, and up 0.56% quarter-over-quarter from $1.1 billion in Q1 2024.
Analysis
M&T Bank (MTB) Non Operating Interest Expenses (2009 - 2024) Analysis & Trends
M&T Bank has disclosed Non Operating Interest Expenses across 16 years of filings, most recently posting $1.1 billion for Q2 2024.
- In Q2 2024, Non Operating Interest Expenses rose 49.37% year-over-year to $1.1 billion; the TTM figure through Jun 2024 stood at $4.0 billion (up 155.47% YoY), while the FY2023 annual figure was $3.1 billion, up 631.53% from the prior year.
- Non Operating Interest Expenses came in at $1.1 billion for Q2 2024 at M&T Bank, up from $1.1 billion in the prior quarter.
- In the past five years, Non Operating Interest Expenses ranged from a high of $1.1 billion in Q2 2024 to a low of $24.1 million in Q1 2022.
- Average Non Operating Interest Expenses over 5 years is $339.5 million, with a median of $89.0 million recorded in 2020.
- Year-over-year, Non Operating Interest Expenses slumped 75.23% in 2021 and surged 2013.61% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $49.6 million in 2020, then tumbled by 50.17% to $24.7 million in 2021, then surged by 889.81% to $244.7 million in 2022, then surged by 315.98% to $1.0 billion in 2023, then rose by 5.23% to $1.1 billion in 2024.
- Per Business Quant data, the three most recent Non Operating Interest Expenses figures were $1.1 billion in Q2 2024, $1.1 billion in Q1 2024, and $1.0 billion in Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | -538.61 Bn |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | - |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | - |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | - |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | - |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | - |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | - |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | - |
| 10 | East West Bancorp | 17.92 Bn | 12.83 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 1.07 Bn |
| Mar 31, 2024 | 1.07 Bn |
| Dec 31, 2023 | 1.02 Bn |
| Sep 30, 2023 | 866.01 Mn |
| Jun 30, 2023 | 717.00 Mn |
| Mar 31, 2023 | 509.00 Mn |
| Dec 31, 2022 | 244.67 Mn |
| Sep 30, 2022 | 102.82 Mn |
| Jun 30, 2022 | 53.43 Mn |
| Mar 31, 2022 | 24.08 Mn |
| Dec 31, 2021 | 24.72 Mn |
| Sep 30, 2021 | 25.70 Mn |
| Jun 30, 2021 | 28.02 Mn |
| Mar 31, 2021 | 35.57 Mn |
| Dec 31, 2020 | 49.61 Mn |
| Sep 30, 2020 | 58.07 Mn |
| Jun 30, 2020 | 75.11 Mn |
| Mar 31, 2020 | 143.61 Mn |
| Dec 31, 2019 | 177.07 Mn |
| Sep 30, 2019 | 199.58 Mn |