M&T BANK CORP
For the period ended Sep 30, 2026. Filed Nov 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.
Sep 30, 2026 · Filed Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet
Consolidated Balance Sheet (Unaudited)
| (Dollars in millions, except per share) | September 30,2026 | December 31,2025 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $1,796 | $1,701 |
| Interest-bearing deposits at banks | 14,342 | 17,068 |
| Investment securities: | ||
| Available for sale at fair value | 16,489 | 23,202 |
| Held to maturity (fair value: $18,672 at September 30, 2026; $11,715 at December 31, 2025) | 20,195 | 12,430 |
| Equity and other securities (includes $279 at September 30, 2026 and $281 at December 31, 2025 at fair value) | 1,210 | 1,017 |
| Total investment securities | 37,894 | 36,649 |
| Loans held for sale (includes $497 at September 30, 2026 and $925 at December 31, 2025 at fair value) | 696 | 1,067 |
| Loans (a) | 144,756 | 137,635 |
| Allowance for loan losses | (2,179) | (2,116) |
| Net loans | 142,577 | 135,519 |
| Premises and equipment | 1,711 | 1,629 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 41 | 64 |
| Accrued interest and other assets (includes $1,113 at September 30, 2026 and $342 at December 31, 2025 at fair value) | 12,988 | 11,348 |
| Total assets | $220,510 | $213,510 |
| Liabilities | ||
| Noninterest-bearing deposits | $44,819 | $46,509 |
| Savings and interest-checking deposits | 107,468 | 107,173 |
| Time deposits | 15,223 | 13,227 |
| Total deposits | 167,510 | 166,909 |
| Short-term borrowings | 6,373 | 2,149 |
| Long-term borrowings (a) | 13,648 | 10,911 |
| Accrued interest and other liabilities (includes $939 at September 30, 2026 and $454 at December 31, 2025 at fair value) | 4,820 | 4,364 |
| Total liabilities | 192,351 | 184,333 |
| Shareholders' equity | ||
| Preferred stock | 3,017 | 2,834 |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at September 30, 2026 and December 31, 2025 | 90 | 90 |
| Additional paid-in capital | 9,984 | 10,011 |
| Retained earnings | 22,554 | 20,882 |
| Accumulated other comprehensive income (loss), net | (680) | 277 |
| Treasury stock — common, at cost — 35,731,623 shares at September 30, 2026; 27,604,513 shares at December 31, 2025 | (6,806) | (4,917) |
| Total shareholders’ equity | 28,159 | 29,177 |
| Total liabilities and shareholders’ equity | $220,510 | $213,510 |
(a)Loans of $3.5 billion and $2.1 billion at September 30, 2026 and December 31, 2025, respectively, were held in special purpose trusts to settle the respective obligations of asset-backed notes issued by those trusts. The outstanding balances of those asset-backed notes issued to third-party investors were included in Long-term borrowings and were $3.0 billion at September 30, 2026 and $1.7 billion at December 31, 2025.
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