Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 118

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 118
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,154 14,228 15,428 16,452 16,001 Common shareholders’ equity (c)26,604 26,313 26,160 25,340 25,008 Tangible common shareholders’ equity (c)18,074 17,777 17,610 16,779 16,436 At end of quarter:Total assets (c)210,321 208,105 211,785 208,855 215,137 Total tangible assets (c)201,789 199,574 203,243 200,302 206,574 Earning assets190,463 188,606 192,766 189,787 195,712 Investment securities35,137 34,051 32,327 29,894 28,496 Loans and leases134,574 135,581 135,920 135,002 134,973 Deposits165,409 161,095 164,554 159,910 167,196 Borrowings12,069 13,665 14,188 16,083 16,245 Common shareholders’ equity (c)26,597 26,633 26,482 25,680 25,158 Tangible common shareholders’ equity (c)18,065 18,102 17,940 17,127 16,595 Equity per common share163.62 160.90 159.38 153.57 150.90 Tangible equity per common share111.13 109.36 107.97 102.42 99.54 __________________________________________________________________________________

(a)Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. A reconciliation of net income and net operating income appears in Table 2.

(b)Excludes impact of merger-related expenses and net securities transactions.

(c)The difference between total assets and total tangible assets, and common shareholders’ equity and tangible common shareholders’ equity, represents goodwill, core deposit and other intangible assets, net of applicable deferred tax balances. A reconciliation of such balances appears in Table 2.

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M&T Bank Corporation and Subsidiaries

Table 2

RECONCILIATION OF QUARTERLY GAAP TO