Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 162

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 on projected benefit obligation27 28 1 1 Expected return on plan assets(46)(50)— — Amortization of prior service credit— — (1)(1)Amortization of net actuarial gain(1)— — (1)Net periodic benefit$(18)$(19)$— $(1)Pension Benefits Other Postretirement Benefits Nine Months Ended September 30,(Dollars in millions)2025202420252024Service cost$6 $8 $1 $1 Interest cost on projected benefit obligation81 86 2 2 Expected return on plan assets(139)(151)— — Amortization of prior service credit— — (2)(2)Amortization of net actuarial gain(2)(1)(2)(2)Net periodic benefit$(54)$(58)$(1)$(1)Service cost is included in Salaries and employee benefits and the other components of net periodic benefit cost are included in Other costs of operations in the Company's Consolidated Statement of Income. Expenses incurred in connection with the Company's defined contribution pension and retirement savings plans totaled $38 million and $39 million for the three months ended September 30, 2025 and 2024, respectively, and $128 million and $124 million for the nine months ended September 30, 2025 and 2024, respectively.

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9. Earnings per common share

The computations of basic earnings per common share follow:Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Income available to common shareholders:Net income$792 $721 $2,092 $1,907 Less: Preferred stock dividends(36)(47)(107)(99)Net income available to common equity756 674 1,985 1,808 Less: Income attributable to unvested stock-based compensation awards(2)— (4)(3)Net income available to common shareholders$754 $674 $1,981 $1,805 Weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards155,885 167,011 159,956 167,010Less: Unvested stock-based compensation awards(327)(340)(325)(316)Weighted-average shares outstanding