Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 53

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 53
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 fails to attract and retain skilled personnel.

23

Operational Risk

•The Company is subject to operational risk which could adversely affect the Company’s business and reputation and create material legal and financial exposure.

•The Company’s information systems may experience interruptions or breaches in security, including due to events beyond the Company’s control.

•The Company could incur higher costs, experience lower revenue, and suffer reputational damage in the event of the theft, loss or misuse of information, including due to a cyber attack.

•The Company is subject to laws and regulations relating to the privacy of the information of customers, clients, employees or others, and any failure to comply with these laws and regulations could expose the Company to liability and/or reputational damage.

•M&T relies on other companies to provide key components of the Company’s business infrastructure.

•The development and use of AI, including by third parties, presents risks and challenges that may adversely impact M&T.

•The Company is or may become involved from time to time in suits, legal proceedings, information-gathering requests, investigations and proceedings by governmental and self-regulatory agencies that may lead to adverse consequences.

Business Risk

•Changes in accounting standards could impact the Company’s reported financial condition and results of operations.

•The Company’s reported financial condition and results of operations depend on management’s selection of accounting methods and require management to make estimates about matters that are uncertain.

•The Company’s models used for business planning purposes could perform poorly or provide inadequate information.

•The Company is exposed to reputational risk which could negatively impact investor and customer confidence.

•The Company’s framework for managing risks may not be effective.

•Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company’s business.

•The Company’s assets, communities, operations, reputation and customers could be adversely affected by the impacts of climate risk.

24

Risk Factors

M&T and its subsidiaries face a number of potential risks and uncertainties that are difficult to predict. As a financial institution, certain risk elements are inherent in the ordinary course of the Company’s business activities and adverse experience with those risks could have a material impact on the Company’s business, financial condition, liquidity and results of operations, as well as on the values of the Company’s financial instruments and M&T’s debt and equity securities, including its common stock. The following risk factors set forth some of the risks that could materially and adversely impact the Company, although there may be additional risks that are not presently material or known that may adversely affect the Company