M&T BANK CORP

For the period ended Mar 31, 2026. Filed May 5, 2026.

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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

MTB$217.75-0.9%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

Commission File Number 1-9861

M&T BANK CORPORATION

(Exact name of registrant as specified in its charter)

New York	16-0968385
(State or other jurisdiction ofincorporation or organization)	(I.R.S. EmployerIdentification No.)
One M&T Plaza, Buffalo, New York(Address of principal executive offices)	14203
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code:

(716)635-4000

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbols	Name of Each Exchange on Which Registered
Common Stock, $0.50 par value	MTB	New York Stock Exchange
Perpetual Fixed-to-Floating RateNon-Cumulative Preferred Stock, Series H	MTBPrH	New York Stock Exchange
Perpetual Fixed Rate Non-CumulativePreferred Stock, Series J	MTBPrJ	New York Stock Exchange
Perpetual Fixed Rate Non-CumulativePreferred Stock, Series K	MTBPrK	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes o No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

x Yes o No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	o
Emerging growth company	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yesx No

Number of shares of the registrant's Common Stock, $0.50 par value, outstanding as of the close of business on April 30, 2026:146,445,060 shares.

M&T Bank Corporation

FORM 10-Q

For the Quarterly Period Ended March 31, 2026

Table of Contents	Page
Glossary of Terms		4
Part I. Financial Information
Item 1.	Financial Statements (Unaudited)		5
	Consolidated Balance Sheet – March 31, 2026 and December 31, 2025		5
	Consolidated Statement of Income – Three months ended March 31, 2026 and 2025		6
	Consolidated Statement of Comprehensive Income – Three months ended March 31, 2026 and 2025		7
	Consolidated Statement of Cash Flows – Three months ended March 31, 2026 and 2025		8
	Consolidated Statement of Changes in Shareholders' Equity – Three months ended March 31, 2026 and 2025		9
	Notes to Financial Statements		10
	1. Significant accounting policies		10
	2. Investment securities		12
	3. Loans and allowance for loan losses		15
	4. Borrowings		24
	5. Shareholders' equity		25
	6. Revenue from contracts with customers		25
	7. Pension plans and other postretirement benefits		26
	8. Earnings per common share		27
	9. Comprehensive income		28
	10. Derivative financial instruments		29
	11. Variable interest entities and asset securitizations		32
	12. Fair value measurements		34
	13. Commitments and contingencies		38
	14. Segment information		40
	15. Relationship with BLG and Bayview Financial		41
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		42
	Financial Overview		42
	Supplemental Reporting of Non-GAAP Results of Operations		44
	Taxable-equivalent Net Interest Income		45
	Provision for Credit Losses		53
	Other Income		60
	Other Expense		63
	Income Taxes		64
	Liquidity Risk		64
	Market Risk and Interest Rate Sensitivity		66
	Capital		69
	Segment Information		71
	Critical Accounting Estimates and Recent Accounting Developments		77
	Forward-Looking Statements		77
	Quarterly Trends		79
	Reconciliation of Quarterly GAAP to Non-GAAP Measures		80

Table of Contents, continued
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		81
Item 4.	Controls and Procedures		81
Part II. Other Information
Item 1.	Legal Proceedings		82
Item 1A.	Risk Factors		82
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		82
Item 3.	Defaults Upon Senior Securities		82
Item 4.	Mine Safety Disclosures		82
Item 5.	Other Information		83
Item 6.	Exhibits		83
Signatures		84

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