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

Reported Q: Q2 2024 Rev YoY: +1.6% EPS YoY: -26.0% Move: -0.24%

MT Bank Corporation

MTB

$235.68 -0.24%

Exchange NYSE Sector Financial Services Industry Banks Regional

Q2 2024

Published: Aug 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MTB

Reported

Report Date

Aug 5, 2024

Quarter Q2 2024

Revenue

3.37B

YoY: +1.6%

EPS

3.73

YoY: -26.0%

Market Move

-0.24%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $3.37B up 1.6% year-over-year
EPS of $3.73 decreased by 26% from previous year
Gross margin of 63.8%
Net income of 655.00M
""We are pleased with the second quarter results and the performance through the first half of the year."" - Daryl Bible

MTB

Company MTB

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

MT Bank Corporation (MTB) reported a solid Q2 2024 despite a cautious macro backdrop, delivering a quarterly net income of $655 million and dilutive GAAP EPS of $3.73, up 23% QoQ from the prior quarter. Taxable‑equivalent net interest income rose to $1.73 billion with a net interest margin of 3.59%, aided by fixed‑rate asset repricing and a higher level of non‑accrual interest, while noninterest income was modestly higher sequentially. The bank maintained a strong balance sheet, with a CET1 ratio of 11.44% and tangible book value per share up ~3% QoQ, underscoring durable capital generation.

Key Performance Indicators

Revenue

Increasing

3.37B

QoQ: 2.21% | YoY: 1.63%

Gross Profit

Decreasing

2.15B

63.80% margin

QoQ: 5.75% | YoY: -12.23%

Operating Income

Decreasing

855.00M

QoQ: 28.77% | YoY: -26.23%

Net Income

Decreasing

655.00M

QoQ: 23.35% | YoY: -24.45%

EPS

Decreasing

3.75

QoQ: 23.36% | YoY: -26.04%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $3.373B; Cost of revenue: $1.221B; Gross profit: $2.152B; Operating income: $0.855B; Net income: $0.655B; Diluted EPS: $3.73; ROA: 1.24%; ROTCE: 9.95%; NII: $1.73B; NIM: 3.59%; Average loans and leases: $134.6B (+1% QoQ); CRE loans: $31.5B (-4% QoQ); C&I loans: $58.1B (+2% QoQ); Consumer loans: $22B (+4% QoQ); Deposits: $163.5B (flat QoQ, broker deposits down to ~$12B); CET1: 11.44%; AOCI drag on CET1: ~19bp; Noninterest income: $584M; Noninterest expenses: $1.30B; Efficiency ratio (adjusted): 55.1%; Net charge-offs: $137M (41bp); Allowance to loans: 1.63%; Criticized loans: ~$12.1B expected by Form 10-Q; Cash flow: Operating cash flow $1.354B; Free cash flow $1.288B; End cash (per flow): $1.78B; Total assets: ~$208.9B; Total deposits: ~$164.7B; Dividend yield: ~0.99%; Valuation (vs peers): P/E ~9.6x; P/B ~0.88x

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	3.37B	1.63%	2.21%
Gross Profit	2.15B	-12.23%	5.75%
Operating Income	855.00M	-26.23%	28.77%
Net Income	655.00M	-24.45%	23.35%
EPS	3.75	-26.04%	23.36%

Key Financial Ratios

Gross Profit Margin

Excellent

63.80%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

25.30%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

19.40%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

0.31%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

2.30%

Return on equity suggests inefficient capital allocation

Current Ratio

Concern

0.22

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Moderate

0.57

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

P/E Ratio

Value

9.55x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Undervalued

0.88x

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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MT Bank Corporation (MTB) Q2 2024 Earnings Report

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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