Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 12

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 580 Other expenseSalaries and employee benefits887 833 Equipment and net occupancy132 129 Outside data processing and software136 120 Professional and other services84 85 FDIC assessments23 60 Advertising and marketing22 20 Amortization of core deposit and other intangible assets13 15 Other costs of operations118 134 Total other expense1,415 1,396 Income before taxes761 664 Income taxes177 133 Net income$584 $531 Net income available to common shareholdersBasic$547 $505 Diluted547 505 Net income per common shareBasic3.33 3.04 Diluted3.32 3.02 Average common shares outstandingBasic164,209 166,460 Diluted165,047 167,084 

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Comprehensive Income (Unaudited)

Three Months Ended March 31,(Dollars in millions)20252024Net income$584 $531 Other comprehensive income (loss), net of tax and reclassification adjustments:Net unrealized gains (losses) on investment securities147 (10)Cash flow hedges adjustments108 (117)Defined benefit plans liability adjustments(2)(1)Other1 (2)Total other comprehensive income (loss)254 (130)Total comprehensive income$838 $401 

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Cash Flows (Unaudited)

Three Months Ended March 31,(Dollars in millions)20252024Cash flows from operating activitiesNet income$584 $531 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses130 200 Depreciation and amortization of premises and equipment83 80 Amortization of capitalized servicing rights34 35 Amortization of core deposit and other intangible assets13 15 Provision for deferred income taxes(6)2 Asset write-downs3 6 Net gain on sales of assets(5)(1)Net change in accrued interest receivable, payable(63)27 Net change in other accrued income and expense(140)(74)Net change in loans originated for sale159 (352)Net change in trading