Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 223

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 223
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This Management's Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the consolidated financial statements and other information included in this Quarterly Report on Form 10-Q as well as with M&T's 2024 Annual Report. Information regarding the Company's business, its supervision and regulation and potential risks and uncertainties that may affect the Company's business, financial condition, liquidity and results of operations are also included in the 2024 Annual Report.

Financial Overview

A summary of financial results for the Company is provided below:

SUMMARY OF FINANCIAL RESULTS

Three Months EndedChangeNine Months EndedChange(Dollars in millions, except per share)September 30,2025June 30,2025Amount%September 30,2025September 30,2024Amount%Net interest income$1,761 $1,713 $48 3 %$5,169 $5,124 $45 1 %Taxable-equivalent adjustment (a)12 9 3 40 33 38 (5)-14 Net interest income (taxable-equivalent basis) (a)1,773 1,722 51 3 5,202 5,162 40 1 Provision for credit losses125 125 — — 380 470 (90)-19 Other income752 683 69 10 2,046 1,770 276 16 Other expense1,363 1,336 27 2 4,114 3,996 118 3 Net income792 716 76 11 2,092 1,907 185 10 Per common share data:Basic earnings4.85 4.26 .59 14 12.41 10.83 1.58 15 Diluted earnings4.82 4.24 .58 14 12.34 10.78 1.56 14 Performance ratios, annualizedReturn on:Average assets1.49 %1.37 %1.33 %1.21 %Average common shareholders’ equity11.45 10.39 10.07 9.47 Net interest margin3.68 3.62 3.66 3.58 __________________________________________________________________________________

(a)Net interest income data are