M&T BANK CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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 Balance Sheet — December 31, 2023 and 2022
Consolidated Balance Sheet
| December 31, | ||
|---|---|---|
| (Dollars in millions, except per share) | 2023 | 2022 |
| Assets | ||
| Cash and due from banks | $1,731 | $1,517 |
| Interest-bearing deposits at banks | 28,069 | 24,959 |
| Federal funds sold | — | 3 |
| Trading account | 106 | 118 |
| Investment securities | ||
| Available for sale (cost: $10,691 at December 31, 2023; $11,193 at December 31, 2022) | 10,440 | 10,749 |
| Held to maturity (fair value: $14,308 at December 31, 2023; $12,375 at December 31, 2022) | 15,330 | 13,530 |
| Equity and other securities (cost: $1,125 at December 31, 2023; $934 at December 31, 2022) | 1,127 | 932 |
| Total investment securities | 26,897 | 25,211 |
| Loans and leases | 134,936 | 132,074 |
| Unearned discount | (868) | (510) |
| Loans and leases, net of unearned discount | 134,068 | 131,564 |
| Allowance for credit losses | (2,129) | (1,925) |
| Loans and leases, net | 131,939 | 129,639 |
| Premises and equipment | 1,739 | 1,654 |
| Goodwill | 8,465 | 8,490 |
| Core deposit and other intangible assets | 147 | 209 |
| Accrued interest and other assets | 9,171 | 8,930 |
| Total assets | $208,264 | $200,730 |
| Liabilities | ||
| Noninterest-bearing deposits | $49,294 | $65,502 |
| Savings and interest-checking deposits | 93,221 | 87,911 |
| Time deposits | 20,759 | 10,102 |
| Total deposits | 163,274 | 163,515 |
| Short-term borrowings | 5,316 | 3,555 |
| Accrued interest and other liabilities | 4,516 | 4,377 |
| Long-term borrowings | 8,201 | 3,965 |
| Total liabilities | 181,307 | 175,412 |
| Shareholders' equity | ||
| Preferred stock, $1.00 par, 20,000,000 shares authorized; Issued and outstanding: Liquidation preference of $1,000 per share: 350,000 shares at December 31, 2023 and December 31, 2022; Liquidation preference of $10,000 per share: 140,000 shares at December 31, 2023 and December 31, 2022; Liquidation preference of $25 per share: 10,000,000 shares at December 31, 2023 and December 31, 2022 | 2,011 | 2,011 |
| Common stock, $.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at December 31, 2023 and December 31, 2022 | 90 | 90 |
| Common stock issuable, 12,217 shares at December 31, 2023; 14,031 shares at December 31, 2022 | 1 | 1 |
| Additional paid-in capital | 10,020 | 10,002 |
| Retained earnings | 17,524 | 15,754 |
| Accumulated other comprehensive income (loss), net | (459) | (790) |
| Treasury stock — common, at cost — 13,300,298 shares at December 31, 2023; 10,165,419 shares at December 31, 2022 | (2,230) | (1,750) |
| Total shareholders’ equity | 26,957 | 25,318 |
| Total liabilities and shareholders’ equity | $208,264 | $200,730 |
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