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 Statement of Cash Flows
Consolidated Statement of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (Dollars in millions) | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $2,257 | $2,092 |
| Adjustments to reconcile net income to net cash from operating activities: | ||
| Provision for credit losses | 395 | 380 |
| Depreciation and amortization of premises and equipment | 235 | 243 |
| Amortization of capitalized servicing rights | 29 | 101 |
| Amortization of core deposit and other intangible assets | 23 | 32 |
| Provision for deferred income taxes | 8 | (38) |
| Asset write-downs | 5 | 16 |
| Net gain on sales of assets | (21) | (79) |
| Net change in accrued interest receivable, payable | (38) | (86) |
| Net change in other accrued income and expense | 13 | 138 |
| Net change in loans originated for sale | 355 | (3) |
| Net change in other non-hedging derivative assets and liabilities | 273 | (316) |
| Net cash from operating activities | 3,534 | 2,480 |
| Cash flows from investing activities | ||
| Proceeds from sales: | ||
| Investment securities available for sale | 2,492 | — |
| Equity and other securities | 874 | 380 |
| Loans | 22 | 814 |
| Proceeds from maturities: | ||
| Investment securities available for sale | 2,316 | 3,644 |
| Investment securities held to maturity | 1,179 | 1,480 |
| Purchases: | ||
| Investment securities available for sale | (7,386) | (7,561) |
| Investment securities held to maturity | (580) | — |
| Equity and other securities | (1,061) | (363) |
| Loans | (259) | (683) |
| Net change in loans | (7,338) | (2,017) |
| Capital expenditures, net | (164) | (87) |
| Net change in loan servicing advances | (701) | (911) |
| Other, net | (760) | 198 |
| Net cash from investing activities | (11,366) | (5,106) |
| Cash flows from financing activities | ||
| Net change in deposits | 599 | 2,330 |
| Net change in short-term borrowings | 4,224 | 999 |
| Proceeds from long-term borrowings | 3,828 | 3,533 |
| Payments on long-term borrowings | (825) | (3,380) |
| Proceeds from issuance of Series L preferred stock | 583 | — |
| Redemption of Series G preferred stock | (400) | — |
| Purchases of treasury stock | (2,017) | (2,129) |
| Dividends paid — common | (661) | (671) |
| Dividends paid — preferred | (125) | (112) |
| Other, net | (5) | (25) |
| Net cash from financing activities | 5,201 | 545 |
| Net change in cash, cash equivalents and restricted cash | (2,631) | (2,081) |
| Cash, cash equivalents and restricted cash at beginning of period (a) | 18,769 | 20,782 |
| Cash, cash equivalents and restricted cash at end of period (a) | $16,138 | $18,701 |
| Supplemental disclosure of cash flow information | ||
| Interest received during the period | $7,973 | $7,951 |
| Interest paid during the period | 2,507 | 2,722 |
| Income taxes paid during the period | 435 | 314 |
| Supplemental schedule of noncash investing and financing activities | ||
| Transfers of investment securities from available for sale to held to maturity | 8,350 | — |
| Real estate and other foreclosed assets acquired in settlement of loans | 19 | 13 |
| Additions to right-of-use assets under operating leases | 154 | 75 |
(a)Effective for the year ended December 31, 2025, the Company changed its accounting policy for Cash and cash equivalents to include Interest-bearing deposits at banks. Prior period amounts have been adjusted to reflect this change in accounting policy as described in note 1.
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