Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 119

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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 NON-GAAP MEASURES

20252024 Quarters(Dollars in millions, except per share)First QuarterFourthThirdSecondFirstIncome statement dataNet incomeNet income$584 $681 $721 $655 $531 Amortization of core deposit and other intangible assets (a)10 10 10 10 12 Net operating income$594 $691 $731 $665 $543 Earnings per common shareDiluted earnings per common share$3.32 $3.86 $4.02 $3.73 $3.02 Amortization of core deposit and other intangible assets (a).06 .06 .06 .06 .07 Diluted net operating earnings per common share$3.38 $3.92 $4.08 $3.79 $3.09 Other expenseOther expense$1,415 $1,363 $1,303 $1,297 $1,396 Amortization of core deposit and other intangible assets(13)(13)(12)(13)(15)Noninterest operating expense$1,402 $1,350 $1,291 $1,284 $1,381 Efficiency ratioNoninterest operating expense (numerator)$1,402 $1,350 $1,291 $1,284 $1,381 Taxable-equivalent net interest income$1,707 $1,740 $1,739 $1,731 $1,692 Other income611 657 606 584 580 Less: Gain (loss) on bank investment securities— 18 (2)(8)2 Denominator$2,318 $2,379 $2,347 $2,323 $2,270 Efficiency ratio60.5 %56.8 %55.0 %55.3 %60.8 %Balance sheet dataAverage assetsAverage assets$208,321 $211,853 $209,581 $211,981 $211,478 Goodwill(8,465)(8,465)(8,465)(8,465)(8,465)Core deposit and other intangible assets(92)(100)(113)(126)(140)Deferred taxes27 29 28 30 33 Average