Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 33

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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9. Earnings per common share

The computations of basic earnings per common share follow:Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Income available to common shareholders:Net income$792 $721 $2,092 $1,907 Less: Preferred stock dividends(36)(47)(107)(99)Net income available to common equity756 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 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)Weighted-average shares outstanding155,558 166,671 159,631 166,694Basic 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