M&T BANK CORP
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY –
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)
| (Dollars in millions, except per share) | PreferredStock | CommonStock | CommonStockIssuable | AdditionalPaid-in Capital | RetainedEarnings | AccumulatedOtherComprehensiveIncome(Loss), Net | Treasury Stock | Total |
|---|---|---|---|---|---|---|---|---|
| Balance — April 1, 2024 | $2,011 | $90 | $1 | $9,976 | $17,812 | $(589) | $(2,132) | $27,169 |
| Total comprehensive income | — | — | — | — | 655 | 38 | — | 693 |
| Issuance of Series J preferred stock | 733 | — | — | — | — | — | — | 733 |
| Preferred stock cash dividends (a) | — | — | — | — | (27) | — | — | (27) |
| Stock-based compensation transactions, net | — | — | — | — | (1) | — | 85 | 84 |
| Common stock cash dividends — $1.35 per share | — | — | — | — | (228) | — | — | (228) |
| Balance — June 30, 2024 | $2,744 | $90 | $1 | $9,976 | $18,211 | $(551) | $(2,047) | $28,424 |
| Balance — January 1, 2024 | $2,011 | $90 | $1 | $10,020 | $17,524 | $(459) | $(2,230) | $26,957 |
| Total comprehensive income | — | — | — | — | 1,186 | (92) | — | 1,094 |
| Issuance of Series J preferred stock | 733 | — | — | — | — | — | — | 733 |
| Preferred stock cash dividends (a) | — | — | — | — | (52) | — | — | (52) |
| Stock-based compensation transactions, net | — | — | — | (44) | (1) | — | 183 | 138 |
| Common stock cash dividends — $2.65 per share | — | — | — | — | (446) | — | — | (446) |
| Balance — June 30, 2024 | $2,744 | $90 | $1 | $9,976 | $18,211 | $(551) | $(2,047) | $28,424 |
| Balance — April 1, 2023 | $2,011 | $90 | $1 | $9,986 | $16,212 | $(645) | $(2,278) | $25,377 |
| Total comprehensive income | — | — | — | — | 867 | (220) | — | 647 |
| Preferred stock cash dividends (a) | — | — | — | — | (25) | — | — | (25) |
| Stock-based compensation transactions, net | — | — | — | 14 | — | — | 5 | 19 |
| Common stock cash dividends — $1.30 per share | — | — | — | — | (217) | — | — | (217) |
| Balance — June 30, 2023 | $2,011 | $90 | $1 | $10,000 | $16,837 | $(865) | $(2,273) | $25,801 |
| Balance — January 1, 2023 | $2,011 | $90 | $1 | $10,002 | $15,754 | $(790) | $(1,750) | $25,318 |
| Total comprehensive income | — | — | — | — | 1,569 | (75) | — | 1,494 |
| Preferred stock cash dividends (a) | — | — | — | — | (50) | — | — | (50) |
| Purchases of treasury stock | — | — | — | — | — | — | (600) | (600) |
| Stock-based compensation transactions, net | — | — | — | (2) | (1) | — | 77 | 74 |
| Common stock cash dividends — $2.60 per share | — | — | — | — | (435) | — | — | (435) |
| Balance — June 30, 2023 | $2,011 | $90 | $1 | $10,000 | $16,837 | $(865) | $(2,273) | $25,801 |
(a)For the three-month and six-month periods ended June 30, 2024, dividends per share for Preferred Series E were $22.95 and $39.075, respectively. For the three-month and six-month periods ended June 30, 2023 dividends per share for Preferred Series E were $16.125 and $32.25, respectively. For the three-month and six-month periods ended June 30, 2024 and 2023, dividends per preferred share were: Preferred Series F - $128.125 and $256.25, respectively; Preferred Series G - $125.00 and $250.00, respectively; Preferred Series H - $0.3516 and $0.7031, respectively; and Preferred Series I - $87.50 and $175.00, respectively.
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