Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 182

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 182
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199,074 194,321 Earning assets188,606 192,766 189,787 195,712 189,140 189,942 188,504 183,853 Investment securities34,051 32,327 29,894 28,496 26,897 27,336 27,916 28,443 Loans and leases135,581 135,920 135,002 134,973 134,068 132,355 133,344 132,938 Deposits161,095 164,554 159,910 167,196 163,274 164,128 162,058 159,075 Borrowings13,665 14,188 16,083 16,245 13,517 13,854 15,325 14,458 Common shareholders’ equity (c)26,633 26,482 25,680 25,158 24,946 24,186 23,790 23,366 Tangible common shareholders’ equity (c)18,102 17,940 17,127 16,595 16,371 15,600 15,192 14,731 Equity per common share160.90 159.38 153.57 150.90 150.15 145.72 143.41 140.88 Tangible equity per common share109.36 107.97 102.42 99.54 98.54 93.99 91.58 88.81 

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(a)Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. A reconciliation of net income and net operating income appears in Table 49.

(b)Excludes impact of merger-related expenses and net securities transactions.

(c)The difference between total assets and total tangible assets, and common shareholders’ equity and tangible common shareholders’ equity, represents goodwill, core deposit and other intangible assets, net of applicable deferred tax balances. A reconciliation of such balances appears in Table 49.

109

Table 49

RECONCILIATION OF QUARTERLY GAAP TO NON-GAAP MEASURES

2024 Quarters2023 Quarters(Dollars in millions, except per share)Fourth