Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 146

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 available to common shareholders:Net income$584 $531 Less: Preferred stock dividends(36)(25)Net income available to common equity548 506 Less: Income attributable to unvested stock-based compensation awards(1)(1)Net income available to common shareholders$547 $505 Weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards164,520 166,738 Less: Unvested stock-based compensation awards(311)(278)Weighted-average shares outstanding164,209 166,460 Basic earnings per common share$3.33 $3.04 The computations of diluted earnings per common share follow:Three Months Ended March 31,(Dollars in millions, except per share, shares in thousands)20252024Net income available to common equity$548 $506 Less: Income attributable to unvested stock-based compensation awards(1)(1)Net income available to common shareholders$547 $505 Adjusted weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards164,520 166,738 Less: Unvested stock-based compensation awards(311)(278)Plus: Incremental shares from assumed conversion of stock-based compensation awards838 624 Adjusted weighted-average shares outstanding165,047 167,084 Diluted earnings per common share$3.32 $3.02 Stock-based compensation awards to purchase common stock of M&T representing common shares of 145,460 and 1,328,190 during the three-month period ended March 31, 2025 and 2024, respectively, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive.

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9. Comprehensive income

The following tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income: (Dollars in millions)InvestmentSecurities Cash Flow HedgesDefined Benefit PlansOtherTotalAmountBefore Tax IncomeTax Net Balance — January 1, 2025$(205)$(135)$131 $(10)$(219)$55 $(164)Other comprehensive income (loss) before reclassifications:      Unrealized holding gains, net197 — — — 197 (50)147 Unrealized gains on cash flow hedges