Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: +14.0% EPS YoY: -24.6% Move: +0.41%

MT Bank Corporation

MTB-PJ

$26.94 0.41%

Exchange NYSE Sector Financial Services Industry Banks Regional

Q1 2024

Published: May 3, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MTB-PJ

Reported

Report Date

May 3, 2024

Quarter Q1 2024

Revenue

3.30B

YoY: +14.0%

EPS

3.02

YoY: -24.6%

Market Move

+0.41%

Previous quarter: N/A

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Earnings Highlights

Revenue of $3.30B up 14% year-over-year
EPS of $3.02 decreased by 24.6% from previous year
Gross margin of 61.7%
Net income of 531.00M
"Transcript not available for QQ1 2024; no management quotes captured." - Management

MTB-PJ

Company MTB-PJ

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

MT Bank Corporation reported QQ1 2024 revenue of $3.30 billion, up 14.0% year over year, with net income of $531 million and earnings per diluted share of $3.02. The topline strength translated into an EBITDA of $794 million and operating income of $664 million, yielding an annualized net margin of approximately 16.1%. Despite the top-line growth, the company posted softer year-over-year profitability largely due to a higher interest expense load of $1.065 billion and a sizable operating expense base (GA&A and other costs totaling $1.374 billion). Free cash flow stood at $573 million and operating cash flow was $608 million for the quarter, underscoring solid cash generation even as the bank manages a large and complex asset mix.

Key Performance Indicators

Revenue

Increasing

3.30B

QoQ: 0.06% | YoY: 14.03%

Gross Profit

Decreasing

2.04B

61.67% margin

QoQ: -0.99% | YoY: -10.15%

Operating Income

Decreasing

664.00M

QoQ: 6.13% | YoY: -28.29%

Net Income

Decreasing

531.00M

QoQ: 10.07% | YoY: -24.36%

EPS

Decreasing

3.04

QoQ: 10.55% | YoY: -24.57%

Revenue Trend

Margin Analysis

Financial Highlights

Overview of key metrics (QQ1 2024 vs prior periods, where available):
- Revenue: $3.30B; YoY +14.03%; QoQ +0.06%
- Gross Profit: $2.035B; YoY -10.15%; QoQ -0.99% (Gross margin approx. 61.7%)
- Operating Income: $664M; YoY -28.29%; QoQ +6.13%; Operating income margin ~20.12%
- Net Income: $531M; YoY -24.36%; QoQ +10.07%; Net margin ~16.09%
- EPS (Diluted): $3.02; YoY -24.57%; QoQ +10.55%
- Cash Flow from Operations: $608M; Free Cash Flow: $573M
- Balance Sheet highlights: Total assets $215.1B; Total liabilities $188.0B; Total equity $27.17B; Net debt: negative $17.6B (net cash)
- Liquidity: Cash & cash equivalents $33.84B; Total current assets $41.99B; Current ratio ~0.60x; Quick ratio ~0.60x; Cash ratio ~0.60x
- Leverage and profitability indicators: Debt to capitalization ~0.374x; ROE ~1.95%; ROA ~0.25%; Price-to-book ~0.154x; P/E ~1.97x; Dividend payout 48%
- Cash returns per share figures imply meaningful per-share cash generation (Operating cash flow per share ~$4.93; Free cash flow per share ~ $4.72).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	3.30B	14.03%	0.06%
Gross Profit	2.04B	-10.15%	-0.99%
Operating Income	664.00M	-28.29%	6.13%
Net Income	531.00M	-24.36%	10.07%
EPS	3.04	-24.57%	10.55%

Key Financial Ratios

Gross Profit Margin

Weak

1.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

0.00%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Good

16.00%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.25%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

1.95%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.60

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Moderate

0.60

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Value

1.97x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.15x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	3,171.00	3.32	-3.9%	View
Q4 2024	3,341.00	3.86	+1.3%	View
Q3 2024	3,391.00	4.02	+5.9%	View
Q2 2024	3,373.00	3.73	+1.6%	View
Q1 2024	3,300.00	3.02	+14.0%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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