On Jan. 11, M&T Bank Corp. (NYSE:MTB) released fourth-quarter earnings for the period ended Dec. 31.
- Although growth was sluggish, M&T managed to improve its net interest margin and bottom line in a difficult interest rate environment.
- Warren Buffett's Berkshire Hathaway (NYSE:BRK-B) continues to own a large stake in M&T (6% as of September).
- The company has a two-star rating in Motley Fool CAPS. To add your two cents, join the CAPS community today.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Total Revenue |
$695.1 |
$675.2 |
2.9% |
|
Net Interest Income |
$466.7 |
$449.6 |
3.8% |
|
Net Profit |
$213.3 |
$205.0 |
4.0% |
|
EPS |
$1.88 |
$1.78 |
5.6% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Net Interest Margin |
3.73% |
3.69% |
0.04% |
|
Efficiency Ratio |
50.22% |
50.69% |
(0.47%) |
|
Nonperforming Loans/Assets |
0.39% |
0.28% |
0.11% |
|
Return on Average Assets |
1.50% |
1.48% |
0.02% |
|
Return on Average Equity |
13.55% |
13.85% |
(0.30%) |
Find out more about bank ratios.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Investments |
$7,389 |
$8,592 |
(14.0%) |
|
Loans |
$42,297 |
$39,693 |
6.6% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Deposits |
$39,911 |
$37,100 |
7.6% |
|
Total Liabilities |
$50,784 |
$49,270 |
3.1% |
Learn about bank assets and bank liabilities.
Related Companies:
- Commerce Bancorp (NYSE:CBH)
- Citigroup (NYSE:C)
- Berkshire Hathaway
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.
Berkshire Hathaway is an Inside Value recommendation. Fool sector editor Joey Khattab does not own any of the shares mentioned. The Motley Fool has a disclosure policy.
