M&T BANK CORP
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout 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.
Mar 31, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
9. Comprehensive income
- Comprehensive income
The following table displays the components of other comprehensive income (loss) and amounts reclassified from accumulated other comprehensive income (loss) to net income during the three-month periods ended March 31, 2026 and 2025.
| (Dollars in millions) | InvestmentSecurities | Cash Flow Hedges | Defined Benefit Plans | Other | TotalAmountBefore Tax | IncomeTax | Net |
|---|---|---|---|---|---|---|---|
| Balance — January 1, 2026 | $208 | $90 | $81 | $(7) | $372 | $(95) | $277 |
| Other comprehensive income before reclassifications: | |||||||
| Unrealized holding losses, net | (195) | — | — | — | (195) | 49 | (146) |
| Unrealized losses, net | — | (76) | — | — | (76) | 20 | (56) |
| Other | — | — | — | (1) | (1) | — | (1) |
| Total other comprehensive income (loss) before reclassifications | (195) | (76) | — | (1) | (272) | 69 | (203) |
| Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income: | |||||||
| Net gains realized in net income | (4) | — | — | — | (4)(a) | 1 | (3) |
| Net yield adjustment from cash flow hedges currently in effect | — | (5) | — | — | (5)(b) | 1 | (4) |
| Amortization of prior service credit and actuarial gains | — | — | (1) | — | (1)(c) | — | (1) |
| Total other comprehensive income (loss) | (199) | (81) | (1) | (1) | (282) | 71 | (211) |
| Balance — March 31, 2026 | $9 | $9 | $80 | $(8) | $90 | $(24) | $66 |
| Balance — January 1, 2025 | $(205) | $(135) | $131 | $(10) | $(219) | $55 | $(164) |
| Other comprehensive income before reclassifications: | |||||||
| Unrealized holding gains, net | 197 | — | — | — | 197 | (50) | 147 |
| Unrealized gains, net | — | 91 | — | — | 91 | (23) | 68 |
| Other | — | — | — | 1 | 1 | — | 1 |
| Total other comprehensive income (loss) before reclassifications | 197 | 91 | — | 1 | 289 | (73) | 216 |
| Amounts reclassified from accumulated other comprehensive income that (increase) decrease net income: | |||||||
| Net yield adjustment from cash flow hedges currently in effect | — | 53 | — | — | 53(b) | (13) | 40 |
| Amortization of prior service credit and actuarial gains | — | — | (2) | — | (2)(c) | — | (2) |
| Total other comprehensive income (loss) | 197 | 144 | (2) | 1 | 340 | (86) | 254 |
| Balance — March 31, 2025 | $(8) | $9 | $129 | $(9) | $121 | $(31) | $90 |
(a)Included in Gain (loss) on bank investment securities in the Consolidated Statement of Income.
(b)Included in Interest income in the Consolidated Statement of Income.
(c)Included in Other costs of operations in the Consolidated Statement of Income.
Accumulated other comprehensive income (loss), net during the three-month periods ended March 31, 2026 and 2025 consisted of the following.
| (Dollars in millions) | Investment Securities | Cash Flow Hedges | Defined Benefit Plans | Other | Total |
|---|---|---|---|---|---|
| Balance — January 1, 2026 | $155 | $67 | $61 | $(6) | $277 |
| Net loss during period | (149) | (60) | (1) | (1) | (211) |
| Balance — March 31, 2026 | $6 | $7 | $60 | $(7) | $66 |
| Balance — January 1, 2025 | $(153) | $(101) | $98 | $(8) | $(164) |
| Net gain (loss) during period | 147 | 108 | (2) | 1 | 254 |
| Balance — March 31, 2025 | $(6) | $7 | $96 | $(7) | $90 |
- 28 -
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.