Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 249

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 249
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 Changes in the fair values of such assets are recorded as Trading account and other non-hedging derivative gains in the Consolidated Statement of Income. Included in Accrued interest and other liabilities in the Consolidated Balance Sheet were $25 million and $27 million of liabilities related to deferred compensation plans at March 31, 2025 and December 31, 2024, respectively. Changes in the balances of such liabilities due to the valuation of allocated investment options to which the liabilities are indexed are recognized in Other costs of operations in the Consolidated Statement of Income. Also included in trading account assets were investments in mutual funds and other assets that the Company was required to hold under terms of certain non-qualified supplemental retirement and other benefit plans that were assumed by the Company in various acquisitions. Those assets totaled $75 million and $79 million at March 31, 2025 and December 31, 2024, respectively.

Given the Company’s policies and positions, management believes that the potential loss exposure to the Company resulting from market risk associated with trading account and other non-hedging derivative activities was not material at March 31, 2025, however, as previously noted, the Company is exposed to credit risk associated with counterparties to such activities. Information about the Company’s use of derivative financial instruments is included in note 10 of Notes to Financial Statements.

Capital

The following table presents components related to shareholders' equity and dividends. 

SHAREHOLDERS' EQUITY, DIVIDENDS AND SELECT RATIOS

(Dollars in millions, except per share)March 31, 2025December 31, 2024March 31, 2024Preferred stock$2,394 $2,394 $2,011 Common shareholders' equity26,597 26,633 25,158 Total shareholders' equity$28,991 $29,027 $27,169 Per share:Common shareholders’ equity$163.62 $160.90 $150.90 Tangible common shareholders’ equity (a)111.13 109.36 99.54 Ratios:Shareholders' equity to total assets13.78 %13.95 %12.63 %Tangible common shareholders' equity to tangible assets (a)8.95 9.07 8.03 Cash dividends declared for quarter ended:Common stock$222 $226 $218 Common stock per share1.35