M&T BANK CORP
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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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, 2024 · Filed Aug 5, 2024
MTB$222.73+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEET – and
CONSOLIDATED BALANCE SHEET (Unaudited)
| (Dollars in millions, except per share) | June 30,2024 | December 31,2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $1,778 | $1,731 |
| Interest-bearing deposits at banks | 24,792 | 28,069 |
| Trading account | 99 | 106 |
| Investment securities: | ||
| Available for sale (cost: $14,131 at June 30, 2024; $10,691 at December 31, 2023) | 13,892 | 10,440 |
| Held to maturity (fair value: $13,509 at June 30, 2024; $14,308 at December 31, 2023) | 14,793 | 15,330 |
| Equity and other securities (cost: $1,201 at June 30, 2024; $1,125 at December 31, 2023) | 1,209 | 1,127 |
| Total investment securities | 29,894 | 26,897 |
| Loans and leases, net of unearned discount of $990 at June 30, 2024 and $868 at December 31, 2023 | 135,002 | 134,068 |
| Allowance for credit losses | (2,204) | (2,129) |
| Loans and leases, net | 132,798 | 131,939 |
| Premises and equipment | 1,719 | 1,739 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 119 | 147 |
| Accrued interest and other assets | 9,191 | 9,171 |
| Total assets | $208,855 | $208,264 |
| Liabilities | ||
| Noninterest-bearing deposits | $47,729 | $49,294 |
| Savings and interest-checking deposits | 94,668 | 93,221 |
| Time deposits | 17,513 | 20,759 |
| Total deposits | 159,910 | 163,274 |
| Short-term borrowings | 4,764 | 5,316 |
| Accrued interest and other liabilities | 4,438 | 4,516 |
| Long-term borrowings | 11,319 | 8,201 |
| Total liabilities | 180,431 | 181,307 |
| 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 June 30, 2024 and December 31, 2023; Liquidation preference of $10,000 per share: 215,000 shares at June 30, 2024 and 140,000 shares at December 31, 2023; Liquidation preference of $25 per share; 10,000,000 shares at June 30, 2024 and December 31, 2023 | 2,744 | 2,011 |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at June 30, 2024 and December 31, 2023 | 90 | 90 |
| Common stock issuable, 11,560 shares at June 30, 2024; 12,217 shares at December 31, 2023 | 1 | 1 |
| Additional paid-in capital | 9,976 | 10,020 |
| Retained earnings | 18,211 | 17,524 |
| Accumulated other comprehensive income (loss), net | (551) | (459) |
| Treasury stock — common, at cost — 12,223,276 shares at June 30, 2024; 13,300,298 shares at December 31, 2023 | (2,047) | (2,230) |
| Total shareholders’ equity | 28,424 | 26,957 |
| Total liabilities and shareholders’ equity | $208,855 | $208,264 |
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