Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 264

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 264
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 TRENDS

20252024 Quarters(Dollars in millions, except per share)First QuarterFourthThirdSecondFirstEarnings and dividendsInterest income (taxable-equivalent basis)$2,572 $2,719 $2,798 $2,802 $2,757 Interest expense865 979 1,059 1,071 1,065 Net interest income1,707 1,740 1,739 1,731 1,692 Less: Provision for credit losses130 140 120 150 200 Other income611 657 606 584 580 Less: Other expense1,415 1,363 1,303 1,297 1,396 Income before income taxes773 894 922 868 676 Applicable income taxes177 201 188 200 133 Taxable-equivalent adjustment12 12 13 13 12 Net income$584 $681 $721 $655 $531 Net income available to common shareholders-diluted$547 $644 $674 $626 $505 Per common share data:Basic earnings3.33 3.88 4.04 3.75 3.04 Diluted earnings3.32 3.86 4.02 3.73 3.02 Cash dividends1.35 1.35 1.35 1.35 1.30 Average common shares outstanding:Basic164,209 165,838 166,671 166,951 166,460 Diluted165,047 166,969 167,567 167,659 167,084 Performance ratiosAnnualized return on:Average assets1.14 %1.28 %1.37 %1.24 %1.01 %Average common shareholders’ equity8.36 9.75 10.26 9.95 8.14 Net interest margin on average earning assets (taxable-equivalent basis)3.66 3.58 3.62 3.59 3.52 Nonaccrual loans to total loans and leases1.14 1.25 1.42 1.50 1.71 Net operating (tangible) results (a)Net operating income$594 $691 $731 $665 $543