Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 2

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 4,654 Other incomeMortgage banking revenues147 109 395 319 Service charges on deposit accounts141 132 411 383 Trust income181 170 540 500 Brokerage services income34 32 97 91 Trading account and other non-hedging derivative gains18 13 39 29 Gain (loss) on bank investment securities1 (2)1 (8)Other revenues from operations230 152 563 456 Total other income752 606 2,046 1,770 Other expenseSalaries and employee benefits833 775 2,533 2,372 Equipment and net occupancy129 125 391 379 Outside data processing and software138 123 412 367 Professional and other services81 88 251 264 FDIC assessments13 25 58 122 Advertising and marketing23 27 70 74 Amortization of core deposit and other intangible assets10 12 32 40 Other costs of operations136 128 367 378 Total other expense1,363 1,303 4,114 3,996 Income before taxes1,025 909 2,721 2,428 Income taxes233 188 629 521 Net income$792 $721 $2,092 $1,907 Net income available to common shareholdersBasic$754 $674 $1,981 $1,805 Diluted754 674 1,981 1,805 Net income per common shareBasic4.85 4.04 12.41 10.83 Diluted4.82 4.02 12.34 10.78 Average common shares outstandingBasic155,558 166,671 159,631 166,694 Diluted156,553 167,567 160,503 167,437 

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Comprehensive Income (Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,(Dollars in millions)2025202420252024Net income$792 $721 $2,092 $1,907 Other comprehensive income (loss), net of tax and reclassification adjustments:Net unrealized gains on investment securities60 230