Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 7

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 7
---
 and other intangible assets53 62 56 Other costs of operations546 527 668 Total other expense5,359 5,379 5,050 Income before taxes3,310 3,619 2,612 Income taxes722 878 620 Net income$2,588 $2,741 $1,992 Net income available to common shareholdersBasic$2,449 $2,636 $1,891 Diluted2,449 2,636 1,891 Net income per common shareBasic14.71 15.85 11.59 Diluted14.64 15.79 11.53 

See accompanying notes to financial statements.

117

M&T BANK CORPORATION AND SUBSIDIARIES

Consolidated Statement of Comprehensive Income

Year Ended December 31, (Dollars in millions)202420232022Net income$2,588 $2,741 $1,992 Other comprehensive income (loss), net of tax and reclassification adjustments:Net unrealized gains (losses) on investment securities34 142 (407)Cash flow hedges adjustments50 98 (315)Defined benefit plans liability adjustments213 87 65 Other(2)4 (6)Total other comprehensive income (loss)295 331 (663)Total comprehensive income$2,883 $3,072 $1,329 

See accompanying notes to financial statements.

118

M&T BANK CORPORATION AND SUBSIDIARIES

Consolidated Statement of Cash Flows

Year Ended December 31, (Dollars in millions)202420232022Cash flows from operating activitiesNet income$2,588 $2,741 $1,992 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses610 645 517 Depreciation and amortization of premises and equipment316 304 282 Amortization of capitalized servicing rights139 131 97 Amortization of core deposit and other intangible assets53 62 56 Provision for deferred income taxes(27)(97)(30)Asset write-downs40 4 8 Net gain on sales of assets(30)(249)(153)Net change in accrued interest receivable, payable(176)261 (123)Net change in other accrued income and expense282 561 (70