Company: MTB-PJ
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001193125-25-167978
Chunk: 2

Company: M&T BANK CORP
Filing Date: 2025-07-29
Form: 424B2
Chunk 2
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 for credit losses was $125 million in the second quarter of 2025 as compared with $130 million in the immediately
preceding quarter and $150 million in the second quarter of 2024. The allowance for loan losses as a percentage of loans outstanding decreased from 1.63% at March 31, 2025 to 1.61% at June 30, 2025 reflecting lower levels of
criticized commercial real estate loans. Net charge-offs totaled $108 million in 2025’s second quarter as compared with $114 million in 2025’s first quarter and $137 million in the year-earlier quarter, representing 0.32%,
0.34% and 0.41%, respectively, of average loans outstanding.

Nonaccrual loans were $1.6 billion at June 30, 2025, compared with
$1.5 billion at March 31, 2025 and $2.0 billion at June 30, 2024. The lower level of nonaccrual loans at the two most recent quarter ends as compared with June 30, 2024 predominantly reflects decreases in commercial real
estate nonaccrual loans.

M&T repurchased 6,073,957 shares of its common stock during the recent quarter for a total cost of
$1.1 billion, compared with 3,415,303 shares for a total cost of $662 million in the first quarter of 2025. Reflecting repurchases, M&T’s CET1 capital ratio declined to an estimated 10.98% at June 30, 2025, representing a 52
basis-point decrease from 11.50% at March 31, 2025.

PS-3

M&T had total assets of $211.6 billion at June 30, 2025, compared with
$208.9 billion at June 30, 2024 and $210.3 billion at March 31, 2025. Total deposits were $164.5 billion at the recent quarter-end, compared with $159.9 billion at June 30,
2024 and $165.4 billion at March 31, 2025. Total shareholders’ equity was $28.5 billion at June 30, 2025, $28.4 billion at June 30, 2024 and $29.0 billion at March 31, 2025.

The foregoing is only a summary and is not