Company / Interest Expense
M&T Bank Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$3.1B
FY2023
5-year range
$425.0M / $3.1B
FY2019-FY2023
Trend
+631.5%
vs FY2022
Sector context
#11 of 224
Financials
What the data says
Interest Expense changed +632% YoY in FY2023, a notable deviation from the 7-year average annual change of +106%.
Based on SEC 10-K filings.
$3.1B in FY2023 with a 5-year CAGR of +48.8%. Top quartile in the Financials sector.
Increased from $749M to $3.1B over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +112.0%
- 5-Year CAGR
- +48.8%
- 10-Year CAGR
- -
Sector benchmark
Bottom 5% in FinancialsTop 95% of 224This company $3.1B Sector average $1.1B
▼
+171.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +48.8%, indicating consistent growth.
- In FY2023, interest expense increased 631.5% year-over-year.
- Ranks #11 out of 224 companies in the Financials sector.
- Lowest interest expense in the period was in FY2016.
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 | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $3.1B | +631.5% |
| FY2022 | $425.0M | -43.3% |
| FY2021 | $749.3M | +129.6% |
| FY2020 | $326.4M | -15.6% |
| FY2019 | $386.8M | -9.2% |
| FY2018 | $426.0M | +29.8% |
| FY2017 | $328.3M | +17.1% |
| FY2016 | $280.4M | -1.3% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026