M&T BANK CORP
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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
| December 31, | ||
|---|---|---|
| (Dollars in millions, except per share) | 2024 | 2023 |
| Assets | ||
| Cash and due from banks | $1,909 | $1,731 |
| Interest-bearing deposits at banks | 18,873 | 28,069 |
| Trading account | 101 | 106 |
| Investment securities: | ||
| Available for sale (cost: $19,054 at December 31, 2024; $10,691 at December 31, 2023) | 18,849 | 10,440 |
| Held to maturity (fair value: $12,955 at December 31, 2024; $14,308 at December 31, 2023) | 14,195 | 15,330 |
| Equity and other securities (cost: $1,007 at December 31, 2024; $1,125 at December 31, 2023) | 1,007 | 1,127 |
| Total investment securities | 34,051 | 26,897 |
| Loans and leases | 135,581 | 134,068 |
| Allowance for credit losses | (2,184) | (2,129) |
| Net loans and leases | 133,397 | 131,939 |
| Premises and equipment | 1,705 | 1,739 |
| Goodwill | 8,465 | 8,465 |
| Core deposit and other intangible assets | 94 | 147 |
| Accrued interest and other assets | 9,510 | 9,171 |
| Total assets | $208,105 | $208,264 |
| Liabilities | ||
| Noninterest-bearing deposits | $46,020 | $49,294 |
| Savings and interest-checking deposits | 100,599 | 93,221 |
| Time deposits | 14,476 | 20,759 |
| Total deposits | 161,095 | 163,274 |
| Short-term borrowings | 1,060 | 5,316 |
| Long-term borrowings | 12,605 | 8,201 |
| Accrued interest and other liabilities | 4,318 | 4,516 |
| Total liabilities | 179,078 | 181,307 |
| Shareholders' equity | ||
| Preferred stock | 2,394 | 2,011 |
| Common stock, $0.50 par, 250,000,000 shares authorized, 179,436,779 shares issued at December 31, 2024 and December 31, 2023 | 90 | 90 |
| Common stock issuable, 11,642 shares at December 31, 2024; 12,217 shares at December 31, 2023 | 1 | 1 |
| Additional paid-in capital | 9,998 | 10,020 |
| Retained earnings | 19,079 | 17,524 |
| Accumulated other comprehensive income (loss), net | (164) | (459) |
| Treasury stock — common, at cost — 13,922,820 shares at December 31, 2024; 13,300,298 shares at December 31, 2023 | (2,371) | (2,230) |
| Total shareholders’ equity | 29,027 | 26,957 |
| Total liabilities and shareholders’ equity | $208,105 | $208,264 |
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