Company / Free Cash Flow
M&T Bank Free Cash Flow History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$3.6B
FY2023
5-year range
$2.2B / $4.4B
FY2019-FY2023
Trend
-16.3%
vs FY2022
Sector context
#25 of 302
Financials
What the data says
Among 302 Financials companies, M&T Bank is in the top 8% for free cash flow. Free Cash Flow has fluctuated over the past 8 years, ranging from $617M in FY2020 to $4.4B in FY2022.
Based on SEC 10-K filings.
$3.6B in FY2023 with a 5-year CAGR of +27.7%. Top quartile in the Financials sector.
Improved from $2.2B to $3.6B over the past 2 years.
Financials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +80.8%
- 5-Year CAGR
- +27.7%
- 10-Year CAGR
- -
Sector benchmark
Top 8% in FinancialsTop 8% of 302This company $3.6B Sector average $646.4M
▼
+464.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +27.7%, indicating consistent growth.
- In FY2023, free cash flow decreased 16.3% year-over-year.
- Ranks #25 out of 302 companies in the Financials sector.
- Peak free cash flow was recorded in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.16 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $3.6B | -16.3% |
| FY2022 | $4.4B | +100.0% |
| FY2021 | $2.2B | +253.1% |
| FY2020 | $617.2M | -77.2% |
| FY2019 | $2.7B | +151.3% |
| FY2018 | $1.1B | -35.2% |
| FY2017 | $1.7B | +61.8% |
| FY2016 | $1.0B | +27.9% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026