Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 102

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 cost of $1.1 billion in the second quarter of 2025. During the first nine months of 2025 and 2024, M&T repurchased 11.6 million and 1.2 million shares of its common stock at an average cost per share of $183.85 and $166.40 resulting in a total cost of $2.2 billion and $200 million, respectively. Discretion as to the amount and timing of authorized share repurchases in a given period has been delegated, through the authorization of the Board of Directors, to management and can be influenced by capital and liquidity requirements, including funding of future loan growth and other balance sheet management activities, as well as market and economic conditions.

M&T and its subsidiary banks are required to comply with applicable Capital Rules which prescribe minimum capital ratios. Capital Rules require buffers in addition to these minimum risk-based capital ratios. M&T is subject to an SCB requirement that is determined through the Federal Reserve’s supervisory stress tests and M&T’s bank subsidiaries are subject to a 2.5% capital conservation buffer requirement. The buffer requirement must be composed entirely of CET1 capital. M&T's SCB at September 30, 2025 was 3.8%. In June 2025, the Federal Reserve released the results of its most recent supervisory stress tests. Based on those results, on October 1, 2025, M&T's SCB of 2.7% became effective. The regulatory capital ratios of the Company and its bank subsidiaries, M&T Bank and Wilmington Trust, N.A., as of September 30, 2025 are presented in the accompanying table.

REGULATORY CAPITAL RATIOS

(Dollars in millions)Regulatory   Minimum (a)M&T(Consolidated)M&TBankWilmington Trust, N.A.CET1 capital4.50%10.99%12.24%287.04%Tier 1 capital6.0012.4912.24287.04Total capital8.0014.3514.03287.33Tier 1 leverage4.009.849.6489.31RWA$159,536 $158,989 $232 __________________________________________________________________________________

(a)Exclusive of required buffers as applicable.

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Capital Rules generally require the deduction of goodwill and core deposit and other intangible assets, net of applicable deferred taxes, from the calculation of capital in the determination of the minimum capital ratios. As a result of