Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 116

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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 property 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 the Company does business, and other factors.

The Company provides further detail regarding these risks and uncertainties in its 2024 Annual Report, including in the Risk Factors section of such report, as well as in other SEC filings. 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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M&T Bank Corporation and Subsidiaries

Table 1

QUARTERLY TRENDS

20252024 Quarters(Dollars in millions, except per share)First QuarterFourthThirdSecondFirstEarnings and dividendsInterest income (taxable-equivalent basis)$2,572 $2,719 $2,798 $2,802 $2,757 Interest expense865 979 1,059 1,071 1,065 Net interest income1,707 1,740 1,739 1,731 1,692 Less: Provision for credit losses130 140 120 150 200 Other income611 657 606 584 580 Less: Other expense1,415 1,363 1,303 1,297 1,396 Income before income taxes773 894 922 868 676 Applicable income taxes177 201 188 200 133 Taxable-equivalent adjustment12 12 13 13 12 Net income$584 $681 $721 $655 $531 Net income available to common shareholders-diluted$547 $644 $674 $626 $505 Per common share data:Basic earnings3.33 3.88 4.04 3.75 3.04 Diluted earnings3.