Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 266

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 266
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,083 16,245 Common shareholders’ equity (c)26,597 26,633 26,482 25,680 25,158 Tangible common shareholders’ equity (c)18,065 18,102 17,940 17,127 16,595 Equity per common share163.62 160.90 159.38 153.57 150.90 Tangible equity per common share111.13 109.36 107.97 102.42 99.54 __________________________________________________________________________________

(a)Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects. A reconciliation of net income and net operating income appears in Table 2.

(b)Excludes impact of merger-related expenses and net securities transactions.

(c)The difference between total assets and total tangible assets, and common shareholders’ equity and tangible common shareholders’ equity, represents goodwill, core deposit and other intangible assets, net of applicable deferred tax balances. A reconciliation of such balances appears in Table 2.

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M&T Bank Corporation and Subsidiaries

Table 2

RECONCILIATION OF QUARTERLY GAAP TO 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)(