On April 17, M&T Bank Corporation
- Net interest income was flat, due to a lower net interest margin.
- Non-performing loans totaled $273 million or 0.63% of total loans. M&T's difficulties with Alt-A loans have been well-publicized.
- See Nate Parmelee's Foolish article for a full analysis on M&T's quarter.
- M&T has a lowly one-star rating in Motley Fool CAPS. Fellow Northeast bank Commerce Bancshares
(NYSE:CBH) has a two-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Total Revenue |
$659.9 |
$682.0 |
(3.2%) |
Net Interest Income |
$450.4 |
$447.0 |
0.8% |
Net Profit |
$176.0 |
$202.9 |
(13.3%) |
EPS |
$1.57 |
$1.77 |
(11.3%) |
Get back to basics with a look at the income statement.
Ratio Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Net Interest Margin |
3.64% |
3.73% |
(0.09%) |
Efficiency Ratio |
55.09% |
52.36% |
2.73% |
Nonperforming Assets / Assets |
0.47% |
0.26% |
0.21% |
Return on Average Assets |
1.25% |
1.49% |
(0.24%) |
Return on Average Equity |
11.38% |
13.97% |
(2.59%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Investments |
$7,181 |
$8,495 |
(15.5%) |
Loans |
$43,507 |
$40,859 |
6.5% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Deposits |
$38,938 |
$38,171 |
2.0% |
Total Liabilities |
$51,589 |
$49,500 |
4.2% |
Learn about bank assets and bank liabilities.
Related Foolishness:
- The Most Unlikely Growth Stocks
- M&T Bank's Rude Alt-Awakening
- M&T: A Page From Buffett's Playbook
- Citigroup May Start Shedding
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