M&T Still Sound?: Fool by Numbers
By Motley Fool Contributors
April 18, 2007
Recommended (6)
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:
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
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