M&T BANK CORP

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

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

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Contents

Consolidated Statement of Income — Years ended and

Consolidated Statement of Income

	Year Ended December 31,
(Dollars in millions, except per share, shares in thousands)	2025	2024	2023
Interest income
Loans	$8,238	$8,477	$8,021
Investment securities	1,429	1,094	839
Deposits at banks	816	1,452	1,360
Other	3	3	4
Total interest income	10,486	11,026	10,224
Interest expense
Savings and interest-checking deposits	2,271	2,514	1,746
Time deposits	475	781	671
Short-term borrowings	124	242	292
Long-term borrowings	668	637	400
Total interest expense	3,538	4,174	3,109
Net interest income	6,948	6,852	7,115
Provision for credit losses	505	610	645
Net interest income after provision for credit losses	6,443	6,242	6,470
Other income
Mortgage banking revenues	550	436	409
Service charges on deposit accounts	551	514	475
Trust income	724	675	680
Brokerage services income	131	121	102
Trading account and other non-hedging derivative gains	58	39	49
Gain (loss) on bank investment securities	2	10	4
Other revenues from operations	726	632	809
Total other income	2,742	2,427	2,528
Other expense
Salaries and employee benefits	3,342	3,162	2,997
Equipment and net occupancy	525	512	520
Outside data processing and software	558	492	437
Professional and other services	356	344	413
FDIC assessments	50	146	315
Advertising and marketing	102	104	108
Amortization of core deposit and other intangible assets	42	53	62
Other costs of operations	518	546	527
Total other expense	5,493	5,359	5,379
Income before taxes	3,692	3,310	3,619
Income taxes	841	722	878
Net income	$2,851	$2,588	$2,741
Net income available to common shareholders
Basic	$2,699	$2,449	$2,636
Diluted	2,699	2,449	2,636
Net income per common share
Basic	17.10	14.71	15.85
Diluted	17.00	14.64	15.79
Average common shares outstanding
Basic	157,875	166,479	166,361
Diluted	158,791	167,319	167,002

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.