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$220.61-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Income
Consolidated Statement of Income (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (Dollars in millions, except per share, shares in thousands) | 2026 | 2025 |
| Interest income | ||
| Loans | $1,994 | $2,006 |
| Investment securities | 393 | 336 |
| Deposits at banks | 149 | 218 |
| Total interest income | 2,536 | 2,560 |
| Interest expense | ||
| Savings and interest-checking deposits | 483 | 552 |
| Time deposits | 97 | 124 |
| Short-term borrowings | 54 | 32 |
| Long-term borrowings | 150 | 157 |
| Total interest expense | 784 | 865 |
| Net interest income | 1,752 | 1,695 |
| Provision for credit losses | 140 | 130 |
| Net interest income after provision for credit losses | 1,612 | 1,565 |
| Other income | ||
| Mortgage banking revenues | 127 | 118 |
| Service charges on deposit accounts | 139 | 133 |
| Trust income | 183 | 177 |
| Brokerage services income | 35 | 32 |
| Trading account and other non-hedging derivative gains | 14 | 9 |
| Gain (loss) on bank investment securities | 4 | — |
| Other revenues from operations | 187 | 142 |
| Total other income | 689 | 611 |
| Other expense | ||
| Salaries and employee benefits | 914 | 887 |
| Equipment and net occupancy | 133 | 132 |
| Outside data processing and software | 144 | 136 |
| Professional and other services | 93 | 84 |
| FDIC assessments | 23 | 23 |
| Advertising and marketing | 21 | 22 |
| Amortization of core deposit and other intangible assets | 9 | 13 |
| Other costs of operations | 101 | 118 |
| Total other expense | 1,438 | 1,415 |
| Income before taxes | 863 | 761 |
| Income taxes | 199 | 177 |
| Net income | $664 | $584 |
| Net income available to common shareholders | ||
| Basic | $620 | $547 |
| Diluted | 620 | 547 |
| Net income per common share | ||
| Basic | 4.16 | 3.33 |
| Diluted | 4.13 | 3.32 |
| Average common shares outstanding | ||
| Basic | 149,225 | 164,209 |
| Diluted | 150,109 | 165,047 |
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