Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 49

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 49
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 share repurchases in the third quarter of 2024   •  Increased quarterly common stock dividend per share 3% during 2024, representing the 8th consecutive year of increases |
|                               | Progress against Strategic Imperatives   •  Substantial progress towards enterprise priorities, clearing major milestones in many strategic investment committee initiatives and making some generational investments in the physical and technological infrastructure   •  Established various strategic project & business reviews to focus the organization on achieving priorities, becoming more efficient, more collaborative, transparent, and creating results |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                               | Customer Experience   •  Introduced automated controls & reporting; simplified the payments processes; and enhanced reconciliation capabilities   •  Continued improving the internal forecasting processes by implementing a new and simplified planning and forecasting system.                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Qualitative  Results  (“How”) |                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Employee Experience   •  Brought in expert talent while simultaneously growing and developing internal talent                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                               | Leadership   •  Continued to increase engagement with shareholders, rating agencies, and equity & fixed income communities   •  Supported the Regional Presidents and Relationship Managers by participating in joint customer calls                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                               | Risk Management   •  Completed planned system retirements, redeployed related resources, and completed projects related to data foundation   •  Oversaw company’s supervisory stress test, which resulted in lower stress capital buffer in 2024   •  Enhanced SOX program to follow a risk-based approach, providing a more granular and detailed review of the areas with heightened risk                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

| (1) | See “Supplemental Reporting of Non-GAAP Results of Operations” in M&T’s 2024 Form 10-K for a reconciliation of GAAP measures to corresponding non-GAAP measures. |

| 56 |

Daryl Bible - Senior Executive Vice President and Chief Financial Officer (continued)

|                           |     | Performance Year 
 2023(1)          |   |           |     | 2024 |   |           |
|:--------------------------