Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 282

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 2
Chunk 282
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, as well as in other SEC filings. Forward-looking statements speak only as of the date they are made, and the Company assumes no duty and does not undertake to update forward-looking statements.

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M&T Bank Corporation and Subsidiaries

Table 1

QUARTERLY TRENDS

2025 Quarters2024 QuartersThirdSecondFirstFourthThirdSecondFirst(Dollars in millions, except per share)Earnings and dividendsInterest income (taxable-equivalent basis)$2,692 $2,618 $2,572 $2,719 $2,798 $2,802 $2,757 Interest expense919 896 865 979 1,059 1,071 1,065 Net interest income1,773 1,722 1,707 1,740 1,739 1,731 1,692 Less: Provision for credit losses125 125 130 140 120 150 200 Other income752 683 611 657 606 584 580 Less: Other expense1,363 1,336 1,415 1,363 1,303 1,297 1,396 Income before income taxes1,037 944 773 894 922 868 676 Applicable income taxes233 219 177 201 188 200 133 Taxable-equivalent adjustment12 9 12 12 13 13 12 Net income$792 $716 $584 $681 $721 $655 $531 Net income available to common shareholders-diluted$754 $679 $547 $644 $674 $626 $505 Per common share data:Basic earnings4.85 4.26 3.33 3.88 4.04 3.75 3.04 Diluted earnings4.82 4.24 3.32 3.86 4.02 3.73 3.02 Cash dividends1.50 1.35 1.35 1.35 1.35 1.35 1.30 Average common shares outstanding:Basic155,558 159,221 164,209 165,838 166,671 166,951 166,460 Diluted156,553 160,005 165,047