Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 6

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 Total comprehensive income— — — — 1,907 432 — 2,339 Issuance of Series J preferred stock733 — — — — — — 733 Redemption of Series E preferred stock(350)— — — — — — (350)Preferred stock cash dividends— — — — (99)— — (99)Purchases of treasury stock— — — — — — (200)(200)Stock-based compensation transactions, net— — — (34)(2)— 203 167 Common stock cash dividends — $4.00 per share— — — — (671)— — (671)Balance — September 30, 2024$2,394 $90 $1 $9,986 $18,659 $(27)$(2,227)$28,876 

See accompanying notes to financial statements.

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Notes to Financial Statements (Unaudited)1. Significant accounting policies

The consolidated interim financial statements of the Company were compiled in accordance with GAAP using the accounting policies set forth in note 1 of Notes to Financial Statements included in M&T's 2024 Annual Report. The financial statements contain all adjustments which are, in the opinion of management, necessary for a fair statement of the Company's financial position, results of operations and cash flows for the interim periods presented. The following table provides a description of accounting standards applicable to M&T but not yet adopted at September 30, 2025.Recent accounting developmentsStandardDescriptionRequired dateof adoptionEffect on consolidated financial statementsStandards not yet adopted as of September 30, 2025Income Taxes - Improvements to income tax disclosuresThe standard requires enhanced disclosures in the notes to financial statements including income taxes paid by jurisdiction (federal, state, foreign) and a tabular rate reconciliation between the reported amount of income tax expense (or benefit) and the amount of statutory federal income tax at current rates.December 31, 2025The Company intends to make the required disclosures of the amended guidance in its consolidated financial statements for the year ended December 31, 2025. Income Statement - Expense disaggregation disclosuresThe standard requires disclosure in the notes to financial statements of specified information about certain cost and expense captions on the income statement. January 1, 2027The Company does not expect the