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M&T Bank's tax expense for the months ended in Mar. 2024 was $133 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $786 Mil.
The historical data trend for M&T Bank's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
M&T Bank Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 618.11 | 416.37 | 596.00 | 620.00 | 878.00 |
M&T Bank Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Tax Expense | Get a 7-Day Free Trial | 224.00 | 292.71 | 217.49 | 143.26 | 133.00 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $786 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
M&T Bank (NYSE:MTB) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of M&T Bank's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
John P Barnes | director | C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, BRIDGEPORT CT 06604 |
Kirk W Walters | director | C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, 16TH FLOOR, BRIDGEPORT CT 06604 |
Gary N Geisel | director | C/O PROVIDENT BANKSHARES CORP, 114 LEXINGTON STREET, BALTIMORE MD 21202 |
Robert J Bojdak | officer: Executive Vice President | ONE FOUNTAIN PLAZA, BUFFALO NY 14203 |
Doris P. Meister | officer: Executive Vice President | 1100 NORTH MARKET STREET, WILMINGTON DE 19801 |
Daryl N. Bible | officer: Sr. EVP & CFO | 214 N TRYON STREET, CHARLOTTE NC 28202 |
John R. Taylor | officer: EVP & Controller | ONE M&T PLAZA, BUFFALO NY 14203 |
Ledgett Richard H. Jr. | director | 1052 ST. STEPHENS CHURCH ROAD, CROWNSVILLE MD 21032 |
Carlton J. Charles | director | 300 WEST 57TH STREET, NEW YORK NY 10019 |
Warman D Scott N | officer: Senior Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
Michael J. Todaro | officer: Executive Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
Michele D Trolli | officer: Exec. VP & Chief Info. Officer | 465 MAIN STREET, 8TH FLOOR, BUFFALO NY 14203 |
Edna Jennifer Warren | officer: Executive Vice President | ONE M&T PLAZA, BUFFALO NY 14203 |
Christopher E Kay | officer: Executive Vice President | 500 W MAIN STREET, LOUISVILLE KY 40202 |
Kevin J Pearson | officer: Executive Vice President |
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