Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 160

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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1)(1)Amortization of net actuarial gain(1)(1)(2)(1)Net periodic benefit$(36)$(39)$(1)$— Service cost is included in Salaries and employee benefits and the other components of net periodic benefit cost are included in Other costs of operations in the Company's Consolidated Statement of Income. Expenses incurred in connection with the Company's defined contribution pension and retirement savings plans totaled $40 million at each of the three months ended June 30, 2025 and 2024, and $90 million and $85 million for the six months ended June 30, 2025 and 2024, respectively.

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9. Earnings per common share

The computations of basic earnings per common share follow:Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Income available to common shareholders:Net income$716 $655 $1,300 $1,186 Less: Preferred stock dividends(35)(27)(71)(52)Net income available to common equity681 628 1,229 1,134 Less: Income attributable to unvested stock-based compensation awards(2)(2)(3)(3)Net income available to common shareholders$679 $626 $1,226 $1,131 Weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards159,559 167,282 162,025 167,010Less: Unvested stock-based compensation awards(338)(331)(324)(305)Weighted-average shares outstanding159,221 166,951 161,701166,705Basic earnings per common share$4.26 $3.75 $7.58 $6.79 The computations of diluted earnings per common share follow:Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Net income available to common equity$681 $628 $1,229 $1,134 Less: Income attributable to unvested stock-based compensation awards(2)(2)(3)(3)Net income available to common shareholders$679 $626 $1,226 $1,131 Adjusted weighted-average shares outstanding:Common shares outstanding (