M&T BANK CORP

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 4, 2025

MTB$220.61-1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statement of Income

Consolidated Statement of Income (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(Dollars in millions, except per share, shares in thousands)	2025	2024	2025	2024
Interest income
Loans	$2,054	$2,128	$4,060	$4,225
Investment securities	334	260	670	488
Deposits at banks	219	400	437	819
Other	2	1	2	2
Total interest income	2,609	2,789	5,169	5,534
Interest expense
Savings and interest-checking deposits	579	618	1,131	1,233
Time deposits	123	217	247	442
Short-term borrowings	37	69	69	153
Long-term borrowings	157	167	314	308
Total interest expense	896	1,071	1,761	2,136
Net interest income	1,713	1,718	3,408	3,398
Provision for credit losses	125	150	255	350
Net interest income after provision for credit losses	1,588	1,568	3,153	3,048
Other income
Mortgage banking revenues	130	106	248	210
Service charges on deposit accounts	137	127	270	251
Trust income	182	170	359	330
Brokerage services income	31	30	63	59
Trading account and other non-hedging derivative gains	12	7	21	16
Gain (loss) on bank investment securities	—	(8)	—	(6)
Other revenues from operations	191	152	333	304
Total other income	683	584	1,294	1,164
Other expense
Salaries and employee benefits	813	764	1,700	1,597
Equipment and net occupancy	130	125	262	254
Outside data processing and software	138	124	274	244
Professional and other services	86	91	170	176
FDIC assessments	22	37	45	97
Advertising and marketing	25	27	47	47
Amortization of core deposit and other intangible assets	9	13	22	28
Other costs of operations	113	116	231	250
Total other expense	1,336	1,297	2,751	2,693
Income before taxes	935	855	1,696	1,519
Income taxes	219	200	396	333
Net income	$716	$655	$1,300	$1,186
Net income available to common shareholders
Basic	$679	$626	$1,226	$1,131
Diluted	679	626	1,226	1,131
Net income per common share
Basic	4.26	3.75	7.58	6.79
Diluted	4.24	3.73	7.55	6.76
Average common shares outstanding
Basic	159,221	166,951	161,701	166,705
Diluted	160,005	167,659	162,511	167,372

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.