Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 33

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 common share$4.26 $3.75 $7.58 $6.79 The computations of diluted earnings per common share follow:Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Net income available to common equity$681 $628 $1,229 $1,134 Less: Income attributable to unvested stock-based compensation awards(2)(2)(3)(3)Net income available to common shareholders$679 $626 $1,226 $1,131 Adjusted weighted-average shares outstanding:Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards159,559 167,282 162,025 167,010Less: Unvested stock-based compensation awards(338)(331)(324)(305)Plus: Incremental shares from assumed conversion of stock-based compensation awards784 708 810 667Adjusted weighted-average shares outstanding160,005 167,659 162,511167,372Diluted earnings per common share$4.24 $3.73 $7.55 $6.76 Stock-based compensation awards to purchase common stock of M&T representing common shares of 174,988 and 160,306 during the three-month and six-month periods ended June 30, 2025, respectively, and common shares of 1,213,284 and 1,270,737 during the three-month and six-month periods ended June 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 tables display the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income: (Dollars in millions)InvestmentSecurities Cash Flow HedgesDefined Benefit PlansOtherTotalAmountBefore Tax IncomeTax Net Balance — January 1, 2025$(205)$(135)$131 $(10)$(219)$55 $(164)Other comprehensive income (loss) before reclassifications:      Unrealized holding gains, net287 — — — 287 (73)214 Unrealized gains on cash flow hedges— 134 — — 134 (34)100 Other—