Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 1

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 1
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Item 8.             Financial Statements and Supplementary Data.

Financial Statements and Supplementary Data consist of the financial statements as indexed and presented below and Table 48 "Quarterly Trends" presented in Part II, Item 7, "Management’s Discussion and Analysis of Financial Condition and Results of Operations."

Index to Financial Statements and Financial Statement SchedulesReport on Internal Control Over Financial Reporting112Report of Independent Registered Public Accounting Firm113Consolidated Balance Sheet — December 31, 2024 and 2023116Consolidated Statement of Income — Years ended December 31, 2024, 2023 and 2022117Consolidated Statement of Comprehensive Income — Years ended December 31, 2024, 2023 and 2022118Consolidated Statement of Cash Flows — Years ended December 31, 2024, 2023 and 2022119Consolidated Statement of Changes in Shareholders’ Equity — Years ended December 31, 2024, 2023 and 2022120Notes to Financial Statements121

111

Report on Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting at the Company. Management has assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024 based on criteria described in "Internal Control — Integrated Framework (2013)" issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that assessment, management concluded that the Company maintained effective internal control over financial reporting as of December 31, 2024. 

The consolidated financial statements of the Company have been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, that was engaged to express an opinion as to the fairness of presentation of such financial statements. PricewaterhouseCoopers LLP was also engaged to assess the effectiveness of the Company’s internal control over financial reporting. The report of PricewaterhouseCoopers LLP follows this report.

M&T BANK CORPORATIONRené F. JonesChairman of the Board and Chief Executive OfficerDaryl N. BibleSenior Executive Vice President and Chief Financial Officer

112

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of M&T Bank Corporation

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheet of M&T Bank Corporation and its subsidiaries (the "Company") as of December 31, 2024 and 202