M&T BANK CORP

For the period ended Sep 30, 2025. Filed Oct 27, 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.

Sep 30, 2025 · Filed Oct 27, 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 September 30,		Nine Months Ended September 30,
(Dollars in millions, except per share, shares in thousands)	2025	2024	2025	2024
Interest income
Loans	$2,104	$2,153	$6,164	$6,378
Investment securities	377	283	1,047	771
Deposits at banks	198	348	635	1,167
Other	1	1	3	3
Total interest income	2,680	2,785	7,849	8,319
Interest expense
Savings and interest-checking deposits	589	655	1,720	1,888
Time deposits	119	180	366	622
Short-term borrowings	32	57	101	210
Long-term borrowings	179	167	493	475
Total interest expense	919	1,059	2,680	3,195
Net interest income	1,761	1,726	5,169	5,124
Provision for credit losses	125	120	380	470
Net interest income after provision for credit losses	1,636	1,606	4,789	4,654
Other income
Mortgage banking revenues	147	109	395	319
Service charges on deposit accounts	141	132	411	383
Trust income	181	170	540	500
Brokerage services income	34	32	97	91
Trading account and other non-hedging derivative gains	18	13	39	29
Gain (loss) on bank investment securities	1	(2)	1	(8)
Other revenues from operations	230	152	563	456
Total other income	752	606	2,046	1,770
Other expense
Salaries and employee benefits	833	775	2,533	2,372
Equipment and net occupancy	129	125	391	379
Outside data processing and software	138	123	412	367
Professional and other services	81	88	251	264
FDIC assessments	13	25	58	122
Advertising and marketing	23	27	70	74
Amortization of core deposit and other intangible assets	10	12	32	40
Other costs of operations	136	128	367	378
Total other expense	1,363	1,303	4,114	3,996
Income before taxes	1,025	909	2,721	2,428
Income taxes	233	188	629	521
Net income	$792	$721	$2,092	$1,907
Net income available to common shareholders
Basic	$754	$674	$1,981	$1,805
Diluted	754	674	1,981	1,805
Net income per common share
Basic	4.85	4.04	12.41	10.83
Diluted	4.82	4.02	12.34	10.78
Average common shares outstanding
Basic	155,558	166,671	159,631	166,694
Diluted	156,553	167,567	160,503	167,437

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.