Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 102

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 to Financial Statements.

Capital

The following table presents components related to shareholders' equity and dividends. 

SHAREHOLDERS' EQUITY, DIVIDENDS AND SELECT RATIOS

(Dollars in millions, except per share)March 31, 2025December 31, 2024March 31, 2024Preferred stock$2,394 $2,394 $2,011 Common shareholders' equity26,597 26,633 25,158 Total shareholders' equity$28,991 $29,027 $27,169 Per share:Common shareholders’ equity$163.62 $160.90 $150.90 Tangible common shareholders’ equity (a)111.13 109.36 99.54 Ratios:Shareholders' equity to total assets13.78 %13.95 %12.63 %Tangible common shareholders' equity to tangible assets (a)8.95 9.07 8.03 Cash dividends declared for quarter ended:Common stock$222 $226 $218 Common stock per share1.35 1.35 1.30 Preferred stock36 35 25 __________________________________________________________________________________

(a)Reconciliations of total common shareholders’ equity and tangible common equity and total assets and tangible assets as of each of those dates are presented in Table 2.

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Shareholders’ equity reflects accumulated other comprehensive income or loss, which includes the net after-tax impact of unrealized gains or losses on investment securities classified as available for sale, gains or losses associated with interest rate swap agreements designated as cash flow hedges and adjustments to reflect the funded status of defined benefit pension and other postretirement plans. The components of accumulated other comprehensive income (loss) are presented in the following table.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - NET OF INCOME TAX

(Dollars in millions, except per share)March 31, 2025December 31, 2024March 31, 2024Investment securities unrealized gains (losses), net (a)$(6)$(153)$(197)Cash flow hedges unrealized gains (losses), net (b)7 (101)(268)Defined benefit plans adjustments, net (c)96 98 (116)Other, net(7)(8)(8)Total$90 $(164