On April 17, M&T Bank Corporation (NYSE:MTB) released first-quarter earnings for the period ended March 31.

  • 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%)

*Expressed in percentage points.

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:

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