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M&T Bank vs Northern Trust: revenue, profit, margins and growth compared

M&T Bank brought in $1.7B of revenue in fiscal 2025, Northern Trust $8.1B in fiscal 2025. Revenue changed by +7.5% at M&T Bank and -2.5% at Northern Trust on the year before, so M&T Bank grew faster. M&T Bank kept 172.1% of its revenue as net profit, Northern Trust 21.5%.

Side by side, latest fiscal year

MTBNTRS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.7B$8.1B
Revenue growth+7.5%-2.5%
Net income$2.9B$1.7B
Net margin172.1%21.5%
Free cash flown/a$5.5B
Free cash flow marginn/a67.5%
Earnings per share (diluted)$17.00$8.74
Cash$18.8B$5.9B
Debt$10.9Bn/a
Price to earnings13.020.1
Market value$31.9B$32.2B
Dividend yield2.58%1.76%
Rank by revenue in sector#158 of 444 · Finance#69 of 444 · Finance

Over the years

Revenue
MTB FY2018: $5.9BMTB FY2019: $6.2BMTB FY2020: $6BMTB FY2021: $6BMTB FY2022: $8.2BMTB FY2023: $9.6BMTB FY2024: $1.5BMTB FY2025: $1.7BNTRS FY2018: $6BNTRS FY2019: $6.1BNTRS FY2020: $6.1BNTRS FY2021: $6.5BNTRS FY2022: $6.8BNTRS FY2023: $6.8BNTRS FY2024: $8.3BNTRS FY2025: $8.1BFY18FY19FY20FY21FY22FY23FY24FY25
MTB $1.7BNTRS $8.1B
Net income
MTB FY2018: $1.9BMTB FY2019: $1.9BMTB FY2020: $1.4BMTB FY2021: $1.9BMTB FY2022: $2BMTB FY2023: $2.7BMTB FY2024: $2.6BMTB FY2025: $2.9BNTRS FY2018: $1.6BNTRS FY2019: $1.5BNTRS FY2020: $1.2BNTRS FY2021: $1.5BNTRS FY2022: $1.3BNTRS FY2023: $1.1BNTRS FY2024: $2BNTRS FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
MTB $2.9BNTRS $1.7B
Net margin
MTB FY2018: 32.4%MTB FY2019: 31.2%MTB FY2020: 22.7%MTB FY2021: 31.0%MTB FY2022: 24.4%MTB FY2023: 28.4%MTB FY2024: 167.9%MTB FY2025: 172.1%NTRS FY2018: 26.1%NTRS FY2019: 24.6%NTRS FY2020: 19.8%NTRS FY2021: 23.9%NTRS FY2022: 19.8%NTRS FY2023: 16.3%NTRS FY2024: 24.5%NTRS FY2025: 21.5%FY18FY19FY20FY21FY22FY23FY24FY25
MTB 172.1%NTRS 21.5%
Revenue growth
MTB FY2019: +4.4%MTB FY2020: -3.8%MTB FY2021: +0.6%MTB FY2022: +36.5%MTB FY2023: +17.9%MTB FY2024: -84.0%MTB FY2025: +7.5%NTRS FY2019: +1.9%NTRS FY2020: +0.5%NTRS FY2021: +6.0%NTRS FY2022: +4.6%NTRS FY2023: +0.2%NTRS FY2024: +22.4%NTRS FY2025: -2.5%FY19FY20FY21FY22FY23FY24FY25
MTB +7.5%NTRS -2.5%
Free cash flow
MTB FY2018: $2BMTB FY2019: $2.2BMTB FY2020: $617.2MMTB FY2021: $2.6BMTB FY2022: $4.4BMTB FY2023: $3.6BNTRS FY2018: $1.7BNTRS FY2019: $2.4BNTRS FY2020: $1.8BNTRS FY2021: $1.3BNTRS FY2022: $2.3BNTRS FY2023: $2.5BNTRS FY2024: -$587.5MNTRS FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
MTB $3.6BNTRS $5.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about M&T Bank and Northern Trust

Which is bigger by revenue, M&T Bank or Northern Trust?

Northern Trust is bigger by revenue: $8.1B in fiscal 2025, against $1.7B for M&T Bank in fiscal 2025.

Which keeps more of its revenue as profit, M&T Bank or Northern Trust?

M&T Bank had a net margin of 172.1% in fiscal 2025; Northern Trust had 21.5% in fiscal 2025.

Which grew revenue faster, M&T Bank or Northern Trust?

In their latest fiscal years revenue changed by +7.5% at M&T Bank and -2.5% at Northern Trust.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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