M&T BANK CORP

For the period ended Jun 30, 2026. Filed Aug 4, 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.

Jun 30, 2026 · Filed Aug 4, 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 June 30, 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
Perpetual Fixed Rate Non-CumulativePreferred Stock, Series L	MTBPrL	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 July 31, 2026:144,416,262 shares.

M&T Bank Corporation

FORM 10-Q

For the Quarterly Period Ended June 30, 2026

Table of Contents	Page
Glossary of Terms		4
Part I. Financial Information
Item 1.	Financial Statements (Unaudited)		5
	Consolidated Balance Sheet – June 30, 2026 and December 31, 2025		5
	Consolidated Statement of Income – Three and six months ended June 30, 2026 and 2025		6
	Consolidated Statement of Comprehensive Income – Three and six months ended June 30, 2026 and 2025		7
	Consolidated Statement of Cash Flows – Six months ended June 30, 2026 and 2025		8
	Consolidated Statement of Changes in Shareholders' Equity – Three and six months ended June 30, 2026 and 2025		9
	Notes to Financial Statements		10
	1. Significant accounting policies		10
	2. Divestiture		11
	3. Investment securities		12
	4. Loans and allowance for loan losses		15
	5. Borrowings		26
	6. Shareholders' equity		27
	7. Revenue from contracts with customers		27
	8. Pension plans and other postretirement benefits		29
	9. Earnings per common share		30
	10. Comprehensive income		31
	11. Derivative financial instruments		33
	12. Variable interest entities and asset securitizations		36
	13. Fair value measurements		38
	14. Commitments and contingencies		42
	15. Segment information		44
	16. Relationship with BLG and Bayview Financial		45
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		46
	Financial Overview		46
	Supplemental Reporting of Non-GAAP Results of Operations		48
	Taxable-equivalent Net Interest Income		49
	Provision for Credit Losses		58
	Other Income		66
	Other Expense		69
	Income Taxes		70
	Liquidity Risk		70
	Market Risk and Interest Rate Sensitivity		73
	Capital		75
	Segment Information		77
	Critical Accounting Estimates and Recent Accounting Developments		83
	Forward-Looking Statements		83
	Quarterly Trends		85
	Reconciliation of Quarterly GAAP to Non-GAAP Measures		86

Table of Contents, continued
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		87
Item 4.	Controls and Procedures		87
Part II. Other Information
Item 1.	Legal Proceedings		88
Item 1A.	Risk Factors		88
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		88
Item 3.	Defaults Upon Senior Securities		88
Item 4.	Mine Safety Disclosures		88
Item 5.	Other Information		88
Item 6.	Exhibits		89
Signatures		90

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