Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 163

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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155,558 166,671 159,631 166,694Basic earnings per common share$4.85 $4.04 $12.41 $10.83 The computations of diluted earnings per common share follow:Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Net income available to common equity$756 $674 $1,985 $1,808 Less: Income attributable to unvested stock-based compensation awards(2)— (4)(3)Net income available to common shareholders$754 $674 $1,981 $1,805 Adjusted weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards155,885 167,011 159,956 167,010Less: Unvested stock-based compensation awards(327)(340)(325)(316)Plus: Incremental shares from assumed conversion of stock-based compensation awards995 896 872 743Adjusted weighted-average shares outstanding156,553 167,567 160,503167,437Diluted earnings per common share$4.82 $4.02 $12.34 $10.78 Stock-based compensation awards to purchase common stock of M&T representing common shares of 74,195 and 131,287 during the three-month and nine-month periods ended September 30, 2025, respectively, and common shares of 490,695 and 1,008,825 during the three-month and nine-month periods ended September 30, 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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10. Comprehensive income

The following table displays the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income during the three-month periods ended September 30, 2025 and 2024: (Dollars in millions)InvestmentSecurities Cash Flow HedgesDefined Benefit PlansOtherTotalAmountBefore Tax IncomeTax Net Balance — July 1, 2025$82 $85 $127 $(5)$289 $(74)$215 Other comprehensive income (loss) before reclassifications:Unrealized holding gains, net81 — — — 81 (