Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 179

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 179
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 rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support M&T and its subsidiaries' future businesses; and material differences in the actual financial results of merger, acquisition, divestment and investment activities compared with M&T's initial expectations, including the full realization of anticipated cost savings and revenue enhancements.

These are representative of the factors that could affect the outcome of the forward-looking statements. In addition, as noted, such statements could be affected by general industry and market conditions and growth rates, general economic and political conditions, either nationally or in the states in which M&T and its subsidiaries do business, and other factors. Further details regarding such factors, risks and uncertainties related to the Company are described in the "Risk Factors" section of this Form 10-K.

Forward-looking statements speak only as of the date they are made, and the Company assumes no duty and does not undertake to update forward-looking statements.

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Table 48

QUARTERLY TRENDS

2024 Quarters2023 Quarters(Dollars in millions, except per share)FourthThirdSecondFirstFourthThirdSecondFirstEarnings and dividendsInterest income (taxable-equivalent basis)$2,719 $2,798 $2,802 $2,757 $2,753 $2,656 $2,530 $2,341 Interest expense979 1,059 1,071 1,065 1,018 866 717 509 Net interest income1,740 1,739 1,731 1,692 1,735 1,790 1,813 1,832 Less: provision for credit losses140 120 150 200 225 150 150 120 Other income657 606 584 580 578 560 803 587 Less: other expense1,363 1,303 1,297 1,396 1,450 1,278 1,293 1,359 Income before income taxes894 922 868 676 638 922 1,173 940 Applicable income taxes201 188 200 133 143 217 292 224 Taxable-equivalent adjustment12 13 13 12 13 15 14 14 Net income$681 $721