Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 2

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 3,048 Other incomeMortgage banking revenues130 106 248 210 Service charges on deposit accounts137 127 270 251 Trust income182 170 359 330 Brokerage services income31 30 63 59 Trading account and other non-hedging derivative gains12 7 21 16 Gain (loss) on bank investment securities— (8)— (6)Other revenues from operations191 152 333 304 Total other income683 584 1,294 1,164 Other expenseSalaries and employee benefits813 764 1,700 1,597 Equipment and net occupancy130 125 262 254 Outside data processing and software138 124 274 244 Professional and other services86 91 170 176 FDIC assessments22 37 45 97 Advertising and marketing25 27 47 47 Amortization of core deposit and other intangible assets9 13 22 28 Other costs of operations113 116 231 250 Total other expense1,336 1,297 2,751 2,693 Income before taxes935 855 1,696 1,519 Income taxes219 200 396 333 Net income$716 $655 $1,300 $1,186 Net income available to common shareholdersBasic$679 $626 $1,226 $1,131 Diluted679 626 1,226 1,131 Net income per common shareBasic4.26 3.75 7.58 6.79 Diluted4.24 3.73 7.55 6.76 Average common shares outstandingBasic159,221 166,951 161,701 166,705 Diluted160,005 167,659 162,511 167,372 

See accompanying notes to financial statements.

- 6 -

M&T Bank Corporation and Subsidiaries

Consolidated Statement of Comprehensive Income (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions)2025202420252024Net income$716 $655 $1,300 $1,186 Other comprehensive income (loss), net of tax and reclassification adjustments:Net unrealized gains on investment securities67 18 214