MTB 8-K Current Reports

M&T Bank 8-K Report, Financial Results (Oct 16, 2026)

On October 16, 2026, M&T Bank Corporation furnished an 8-K reporting its third quarter 2026 results (Item 2.02) and posted an earnings investor presentation (Item 7.01). Both are furnished, not filed. Net income was $775 million, or $5.04 diluted earnings per common share, compared with $818 million and $5.32 in the second quarter of 2026 and $792 million and $4.82 in the third quarter of 2025. Diluted net operating earnings per share were $5.08, and the CET1 capital ratio was an estimated 10.16% at September 30, 2026, versus 10.19% at June 30, 2026 and 10.99% a year earlier. Taxable-equivalent net interest income was $1.805 billion, roughly flat quarter over quarter, while the net interest margin narrowed to 3.65% from 3.70%. Average loans grew $2.6 billion sequentially, led by commercial real estate (up $1.6 billion). Noninterest income was $743 million and noninterest expense was $1.393 billion, up 3% from the prior quarter, driven by outside data processing and software costs. The provision for credit losses rose to $135 million from $120 million, and net charge-offs were 0.35% of average loans, up from 0.23%. The company repurchased 1.3 million shares for $323 million during the quarter. Nonaccrual loans rose to $1.298 billion from $1.208 billion. The presentation includes 4Q26 outlook guidance: taxable-equivalent net interest income of $1.83 to $1.85 billion, fee income of $710 to $730 million, GAAP noninterest expense of $1.39 to $1.41 billion, net charge-offs of 35 to 40 basis points, and a CET1 ratio of 10.0% to 10.25%.

Oct 16, 2026 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Sep 28, 2026)

M&T Bank Corporation furnished this Form 8-K under Item 7.01 (Regulation FD Disclosure) to announce changes to how it presents income and balance sheet items beginning in the third quarter of 2026. The company will reclassify several Other income categories, including combining Trust income and Brokerage services income into Trust and investment services income, moving debit card interchange out of Service charges on deposit accounts into Card revenues, and reclassifying certain items into Letter of credit and credit-related fees and Capital markets and advisory revenues. Mortgage banking revenues and Gain (loss) on bank investment securities are unchanged. The company states these changes will have no impact on total Other income, Income before taxes, Net income or earnings per common share. The filing also changes balance sheet and disclosure presentation. Loans held for sale will be shown separately from loans held for investment on the Consolidated Balance Sheet and in the Average Balance Sheet and Taxable-equivalent Rates disclosures, and related loan yields and certain loan-based credit quality ratios will exclude loans held for sale. Exhibit 99.1 provides unaudited supplemental historical financial information, restated retrospectively to the new presentation for periods from the first quarter of 2024 through the second quarter of 2026. The exhibit notes that a new general ledger platform implemented in the second quarter of 2026 also led to a methodology change for annualized taxable-equivalent rates, with prior amounts adjusted to conform. For investors, the restated data shows the reported trajectory on the new basis. Net income was $818 million in the second quarter of 2026 versus $664 million in the first quarter of 2026, and $1,482 million for the six months ended June 30, 2026 versus $1,300 million for the same period of 2025. Total assets were $219.26 billion at June 30, 2026, total deposits were $168.89 billion, and net interest margin was 3.70% in both the second and first quarters of 2026. Investors should note that the reclassifications affect category-level revenue comparisons, not totals, so line-item trends should be read against the restated figures rather than previously reported ones.

Sep 28, 2026 8-K

M&T Bank 8-K Report, Corporate Update (Sep 22, 2026)

On September 22, 2026, M&T Bank Corporation refreshed its Medium-Term Note Program, under which it may issue from time to time Senior Medium-Term Notes, Series C and Subordinated Medium-Term Notes, Series D. The Series C Notes will be issued under an Indenture dated May 24, 2007, as supplemented by a Third Supplemental Indenture dated August 16, 2022, with The Bank of New York, as Senior Note Trustee, together with an Officers' Certificate dated September 22, 2026. The Series D Notes will be issued under an Indenture dated September 22, 2023, with The Bank of New York Mellon as Subordinated Note Trustee, together with an Officers' Certificate dated the same day. The Notes have been registered under the Securities Act of 1933 on a Form S-3 registration statement (File No. 333-299064) filed on September 22, 2026. The filing lists a Distribution Agreement dated September 22, 2026 with RBC Capital Markets, LLC and other agents, which covers both series of notes, along with the Officers' Certificates and specimen forms of the master global notes. The filing describes a debt issuance framework and does not disclose offering size, pricing, interest rates, maturities, or use of proceeds. Investors should look to the prospectus supplements and pricing documents for those terms.

Sep 22, 2026 8-K

Shareholder MattersCorporate ChangesOther Events+1

M&T Bank 8-K Report, Regulation FD Disclosure (Sep 14, 2026)

On September 14, 2026, M&T Bank Corporation furnished an investor presentation titled "Investor Update 3rd Quarter 2026" as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure). The company posted the presentation to its Investor Relations website and may use it in conversations with investors and analysts. The information is furnished rather than filed for Section 18 purposes. The presentation highlights first-half 2026 results: diluted earnings per share of $9.44 (up 25% year over year), net income of $1,482 million (up 14% year over year), a 1.46% return on tangible assets, a 16.5% return on tangible common equity, a 3.70% net interest margin, and a 55.5% efficiency ratio. Net charge-offs were 27 basis points, criticized loans declined 19% since year-end 2025, and average second-quarter loans grew 2.2% quarter over quarter. The presentation also notes that the CET1 capital ratio decreased to 10.19% at the end of the second quarter of 2026. For the full year 2026, management reaffirmed its outlook, with taxable-equivalent net interest income of $7.2 to $7.35 billion (bottom half of the range), fee income of $2.8 to $2.85 billion (high end), GAAP expenses of $5.5 to $5.6 billion (high end), net charge-offs of about 37 basis points, and an expected CET1 ratio of 10.0% to 10.5%. The presentation also cites a 2026 stress test result that would imply a reduction of the stress capital buffer to the 2.5% minimum.

Sep 14, 2026 8-K

M&T Bank 8-K Report, Rights Modification (Jul 21, 2026)

On July 17, 2026, M&T Bank Corporation filed a certificate of amendment with the New York State Department of State creating a new series of preferred stock, the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L, with a par value of $1.00 per share and a liquidation preference of $10,000 per share. The filing was made in connection with an Underwriting Agreement dated July 16, 2026, under which M&T agreed to sell 24,000,000 depositary shares, each representing a 1/400th interest in a share of Series L Preferred Stock. On July 21, 2026, M&T completed the public offering. The Series L Preferred Stock ranks senior to common stock and equally with its outstanding Series F, H, I, J and K preferred stock with respect to dividends and liquidation distributions. Holders are entitled to noncumulative cash dividends, when, as and if declared, based on the $10,000 per share stated amount (equivalent to $25 per depositary share), accruing at 6.625% per annum and payable quarterly on March 15, June 15, September 15 and December 15, beginning September 15, 2026. Dividends may not be declared or paid if doing so would cause M&T to fail to comply with applicable laws, including capital adequacy rules, or if required regulatory approvals have not been received. If dividends are not declared on the Series L Preferred Stock for the most recent period, M&T's ability to pay dividends on or redeem common stock and junior or parity preferred stock is restricted. The Series L Preferred Stock is perpetual with no maturity date. M&T may redeem it in whole or in part on any dividend payment date on or after September 15, 2031, or in whole within 90 days following a regulatory capital treatment event, at $10,000 per share ($25 per depositary share) plus any declared but unpaid dividends. Voting rights are limited to specified matters, including authorizing senior stock, certain changes to the Series L terms, certain share exchanges, reclassifications, mergers or consolidations, and electing directors following certain dividend non-payments.

Jul 21, 2026 8-K

Leadership ChangesExhibits & Filings

M&T Bank 8-K Report, Financial Results (Jul 15, 2026)

M&T Bank Corporation (NYSE:MTB) reported second quarter 2026 net income of $818 million, or $5.32 of diluted earnings per common share, compared with $664 million ($4.13 per diluted share) in the first quarter of 2026 and $716 million ($4.24 per diluted share) in the second quarter of 2025. The company described the result as record earnings per share. Diluted net operating earnings per share were $5.35, against $4.18 in the first quarter of 2026 and $4.28 in the second quarter of 2025. Taxable-equivalent net interest income rose to $1.80 billion, and the net interest margin held at 3.70%. Noninterest income was $740 million, including a $47 million distribution from the company's investment in Bayview Lending Group LLC, and noninterest expense fell to $1.35 billion from $1.44 billion in the prior quarter, driven by seasonal first-quarter compensation costs. Credit quality improved on most measures. The provision for credit losses was $120 million, net charge-offs were $80 million, and nonaccrual loans declined to $1.21 billion from $1.24 billion in the first quarter and $1.57 billion a year earlier. The allowance for loan losses was 1.52% of loans outstanding. Average loans grew $3.0 billion from the prior quarter, led by $2.3 billion of commercial and industrial growth. The company repurchased $465 million of common stock during the quarter, and its estimated CET1 capital ratio was 10.19% at June 30, 2026, down from 10.33% at March 31, 2026. Common shareholders' equity per share rose to $176.03. The filing also furnishes an earnings presentation and a news release. The 2026 outlook in the presentation projects taxable-equivalent net interest income of $7.2 to $7.35 billion, fee income of $2.8 to $2.85 billion, GAAP expense of $5.5 to $5.6 billion, net charge-offs of about 37 basis points of average loans, and a CET1 ratio of 10.0% to 10.5%.

Jul 15, 2026 8-K

M&T Bank 8-K Report, Executive Changes (Jun 16, 2026)

On June 16, 2026, M&T Bank Corporation (NYSE: MTB) announced that its Board of Directors elected Jeremy M. Jacobs, Jr., chief executive officer of Delaware North Companies, Inc., as a director of M&T, effective that day. He was also elected to the board of M&T Bank, M&T's principal banking subsidiary. The filing is disclosed under Item 5.02(d), which covers the election of new directors. As a non-employee director, Mr. Jacobs will participate in M&T's director compensation program as described in its 2026 proxy statement, filed March 10, 2026. The filing states there are no arrangements or understandings between Mr. Jacobs and any other person under which he was selected as a director. It also discloses that Delaware North and its affiliates have ordinary course credit relationships with M&T Bank, entered into on substantially the same terms as those prevailing for comparable loans with other customers. The filing attaches a news release (Exhibit 99.1) describing Mr. Jacobs's background: he joined Delaware North in 1986, was named chief executive officer in 2015, and oversees the company's strategy, governance and financial performance. The release also quotes M&T chairman and CEO René Jones, who said Mr. Jacobs's experience leading a complex, customer-centric organization will strengthen the boardroom's perspectives.

Jun 16, 2026 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (May 1, 2026)

M&T Bank Corporation furnished an 8-K on May 1, 2026 under Item 7.01 (Regulation FD Disclosure) to announce that it posted an investor presentation titled "Investor Update, 2nd Quarter 2026" to its Investor Relations website. The filing states the presentation is Exhibit 99.1 and may be used in conversations with investors and analysts. The information is furnished, not filed, for Section 18 purposes. The attached presentation reviews FY2025 and 1Q26 results. The company reported FY2025 net operating income of $2.9 billion, net operating EPS of $17.20, a 3.67% net interest margin, a 1.43% return on tangible assets, and a 15.36% return on tangible common equity. Noninterest income reached a record $2.7 billion, and the efficiency ratio was 56%. Nonaccrual loans declined 26% year over year, and criticized loans declined 27%. The CET1 ratio including AOCI was 10.33% at 3/31/2026. Management's 2026 outlook calls for taxable-equivalent net interest income of $7.2 to $7.35 billion, fee income of $2.675 to $2.775 billion, GAAP expenses of $5.5 to $5.6 billion, average loans of $140 to $142 billion, average deposits of $165 to $167 billion, and a CET1 ratio of 10.0% to 10.5%. The presentation also notes a quarterly dividend increase from $1.35 to $1.50 in 3Q25 and a target of 17% ROTCE in 2027.

May 1, 2026 8-K

Shareholder Matters

M&T Bank 8-K Report, Shareholder Vote Results (Apr 23, 2026)

M&T Bank Corporation reported in this Form 8-K (Item 5.07) the results of its 2026 Annual Meeting of Shareholders, held on April 21, 2026. Shareholders approved all four of the Board of Directors' proposals: the election of twelve directors for one-year terms, the approval of 2025 compensation for the Named Executive Officers, the amendment and restatement of the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2026. The filing states that each proposal is described in the 2026 Proxy Statement filed with the Securities and Exchange Commission on March 10, 2026. All twelve director nominees were elected, though support varied. Melinda R. Rich received the most opposition, with 108,353,052 votes for and 12,557,228 votes against. René F. Jones also drew notable opposition, with 5,659,965 votes against. Most other nominees received well over 100 million votes for. The say-on-pay proposal passed with 113,373,078 votes for and 7,539,139 against, and the equity plan amendment passed with 116,924,195 votes for and 3,950,417 against. The auditor ratification received the strongest support, with 129,631,275 votes for and 5,413,036 against. For investors, the filing reflects routine annual meeting outcomes with no new strategic, financial, or governance transactions disclosed. The main points of interest are the approval of the amended equity incentive plan and the level of dissent on executive compensation and certain director elections. Abstentions and broker non-votes were not counted as votes cast and had no effect on the outcome.

Apr 23, 2026 8-K

M&T Bank 8-K Report, Corporate Update (Apr 20, 2026)

M&T Bank Corporation (MTB) closed its public offering of $500,000,000 aggregate principal amount of 5.295% Fixed Rate Reset Subordinated Notes, Series B, due April 18, 2036, on April 20, 2026. The Subordinated Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). The filing is a brief Item 8.01 (Other Events) disclosure. It reports the closing of the offering and files, as Exhibit 5.1, the legal opinion of Squire Patton Boggs (US) LLP on the validity of the notes, which is incorporated by reference into the registration statement. Exhibit 23.1 is counsel's consent contained within Exhibit 5.1, and Exhibit 104 is the Inline XBRL cover page for the report. The filing does not disclose use of proceeds, pricing mechanics beyond the coupon and maturity, or any financial results. For investors, its main content is the size, coupon, and maturity of a new subordinated debt issuance.

Apr 20, 2026 8-K

M&T Bank 8-K Report, Financial Results (Apr 15, 2026)

M&T Bank Corporation reported first quarter 2026 net income of $664 million, or $4.13 of diluted earnings per common share, compared with $759 million, or $4.67 per share, in the fourth quarter of 2025 and $584 million, or $3.32 per share, in the first quarter of 2025. Net operating income, a non-GAAP measure that excludes after-tax intangible amortization, was $671 million, or $4.18 per diluted share. Net interest margin widened 2 basis points from the fourth quarter to 3.71%, as funding costs declined faster than earning-asset yields. Noninterest income was $689 million and noninterest expense was $1.438 billion, which rose $59 million from the fourth quarter, driven by seasonally higher salaries and employee benefits of $115 million. Credit quality improved on most measures. Nonaccrual loans fell to $1.240 billion from $1.252 billion in the fourth quarter and $1.540 billion a year earlier, and net charge-offs were $105 million, or 0.31% of average loans annualized, versus 0.54% in the fourth quarter. The provision for credit losses rose to $140 million from $125 million. The allowance for loan losses was 1.53% of total loans. Capital was reduced by share repurchases: M&T bought back 5.5 million shares for $1.25 billion, and its estimated CET1 capital ratio declined to 10.33% from 10.84% in the fourth quarter. Period-end tangible book value per share was $115.96, down from $117.45. The filing also includes an investor presentation with 2026 outlook guidance: taxable-equivalent net interest income of $7.2 to $7.35 billion, fee income of $2.675 to $2.775 billion, GAAP expenses of $5.5 to $5.6 billion, net charge-offs of about 40 basis points of average loans, and a CET1 capital ratio of 10.0% to 10.5%. The company also disclosed that it elected to measure residential mortgage servicing rights at fair value beginning January 1, 2026, which added $197 million after tax to retained earnings.

Apr 15, 2026 8-K

M&T Bank 8-K Report, Corporate Update (Mar 30, 2026)

On March 30, 2026, M&T Bank Corporation (NYSE: MTB) announced that its Board of Directors authorized a new share repurchase program of up to $5.0 billion of M&T common stock, $0.50 par value per share. Repurchases may be made on the open market or in privately negotiated transactions. The filing states that the exact number of shares, timing, price, and terms will be at M&T's discretion and subject to applicable regulatory limitations. The new authorization replaces and terminates, effective March 30, 2026, the prior $4.0 billion share repurchase program that the Board approved in January 2025. The announcement is made under Item 8.01 (Other Events), with the full news release attached as Exhibit 99.1. For investors, the key takeaway is the larger buyback capacity: the new $5.0 billion authorization is $1.0 billion above the $4.0 billion program it replaces. The filing does not state how much of the prior program was used or when repurchases under the new program will begin, so the pace of buybacks remains at management's discretion.

Mar 30, 2026 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Feb 11, 2026)

On February 11, 2026, M&T Bank Corporation posted an investor presentation titled "Investor Update 1st Quarter 2026" to its website and filed it as Exhibit 99.1 to this Form 8-K under Item 7.01 (Regulation FD Disclosure). The company states that it may use the presentation in conversations with investors and analysts. The filing states that the information is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act. The presentation reports 2025 results and sets out 2026 expectations. It cites record net operating income of $2.9 billion (up 10% year over year), record net operating EPS of $17.20 (up 16%), a net interest margin of 3.67%, a return on tangible common equity of 15.36%, and a return on tangible assets of 1.43%. Noninterest income reached a record $2.7 billion (up 13%), and the efficiency ratio was 56%. Nonaccrual loans declined 26% and criticized loans declined 27% year over year. For 2026, management guides to taxable-equivalent net interest income of $7.2 to $7.35 billion with a net interest margin in the low 3.70s, fee income of $2.675 to $2.775 billion, GAAP expense of $5.5 to $5.6 billion, average loans of $140 to $142 billion, average deposits of $165 to $167 billion, and a CET1 ratio target of 10.25% to 10.5%. The presentation also notes an 11% increase in the quarterly dividend from $1.35 to $1.50 per share in 3Q25 and expected continued annual dividend growth.

Feb 11, 2026 8-K

M&T Bank 8-K Report, Financial Results (Jan 16, 2026)

M&T Bank Corporation reported net income of $759 million, or $4.67 of diluted earnings per common share, for the quarter ended December 31, 2025, compared with $681 million, or $3.86, in the fourth quarter of 2024 and $792 million, or $4.82, in the third quarter of 2025. For full-year 2025, net income was $2.85 billion, or $17.00 of diluted earnings per share, versus $2.59 billion, or $14.64, in 2024. Diluted net operating earnings per share were $4.72 for the quarter and $17.20 for the year. Taxable-equivalent net interest income rose $17 million from the third quarter and $50 million from the year-earlier quarter, and the net interest margin was 3.69% for the quarter, up from 3.58% a year earlier. Credit quality improved over the year. Nonaccrual loans fell to $1.25 billion at December 31, 2025, from $1.69 billion a year earlier, and the allowance for loan losses declined to 1.53% of loans from 1.61%. Net charge-offs were 0.54% of average loans for the quarter, up from 0.42% in the prior quarter, and included three charge-offs totaling $106 million that the company had previously identified. Noninterest expense was $1.38 billion in the quarter, including a $30 million contribution to The M&T Charitable Foundation. Share repurchases totaled $507 million in the quarter, and the estimated CET1 capital ratio was 10.84% at December 31, 2025. The accompanying investor presentation includes 2026 outlook guidance: taxable-equivalent net interest income of $7.2 billion to $7.35 billion, fee income of $2.675 billion to $2.775 billion, GAAP noninterest expense of $5.5 billion to $5.6 billion, average loans of $140 billion to $142 billion, average deposits of $165 billion to $167 billion, and a CET1 capital ratio of 10.25% to 10.5%.

Jan 16, 2026 8-K

Shareholder MattersCorporate ChangesOther Events+1

M&T Bank 8-K Report, Regulation FD Disclosure (Dec 9, 2025)

On December 9, 2025, M&T Bank Corporation posted a Fourth Quarter 2025 investor presentation to its Investor Relations website and furnished it as Exhibit 99.1 under Regulation FD (Item 7.01). The filing states that the presentation may be used in conversations with investors and analysts, and that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act. The presentation itself is the substance of the filing and is a Q4 2025 outlook and performance review. The presentation's 4Q25 outlook projects taxable-equivalent net interest income of $1.8 billion (+/-), a net interest margin of 3.70% (+/-), fee income of $670 to $690 million, GAAP expenses of $1,350 to $1,370 million, and net charge-offs of 40 to 50 basis points of average loans, with FY2025 net charge-offs expected below 40 basis points. It also expects average loans of $137 to $138 billion, average deposits of $163 to $164 billion, and a CET1 capital ratio of 10.75% to 11.00%, with share repurchase flexibility. Year-to-date 3Q25 figures show a net interest margin of 3.66%, an efficiency ratio of 56.3%, a net operating return on tangible common equity of 15.07%, and a CET1 ratio of 10.99%. The presentation also highlights credit trends and a disclosure on Tricolor Holdings, LLC, a subprime auto lender that filed for Chapter 7 bankruptcy on September 10, 2025. The company states that neither Wilmington Trust nor M&T Bank has credit exposure to Tricolor, that Wilmington Trust served in custodian and trustee roles on certain Tricolor facilities, and that it is not possible at this time to estimate any potential liability. Criticized C&I and CRE loans declined $584 million quarter over quarter to $7.8 billion at 3Q25.

Dec 9, 2025 8-K

M&T Bank 8-K Report, Rights Modification (Oct 31, 2025)

On October 29, 2025, M&T Bank Corporation filed a Certificate of Amendment with the New York State Department of State establishing a new series of preferred stock, the Perpetual 6.350% Non-Cumulative Preferred Stock, Series K, with a par value of $1.00 per share and a liquidation preference of $10,000 per share. The shares were issued in connection with an Underwriting Agreement dated October 28, 2025, under which M&T agreed to sell 18,000,000 depositary shares, each representing a 1/400th interest in a share of Series K Preferred Stock, to underwriters led by RBC Capital Markets, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, and Wells Fargo Securities, LLC. The public offering was completed on October 31, 2025, under a registration statement on Form S-3ASR. The Series K Preferred Stock ranks senior to M&T's common stock and equally with its outstanding Series F, G, H, I and J preferred stock. Each depositary share carries a stated dividend equivalent to $25, with noncumulative dividends accruing at 6.350% per annum when, as and if declared by the board. Dividends are payable quarterly on March 15, June 15, September 15 and December 15, beginning December 15, 2025. Dividends may not be declared or paid to the extent doing so would cause M&T to fail to comply with applicable laws, including capital adequacy rules, or where required regulatory approvals have not been received. The preferred stock is perpetual with no maturity date. M&T may redeem it in whole or in part on any dividend payment date on or after December 15, 2030, or in whole within 90 days following a regulatory capital treatment event, in each case at $10,000 per share ($25 per depositary share) plus any declared but unpaid dividends. Voting rights are limited to specified matters, including authorizing senior stock, certain changes to the Series K terms, certain share exchanges, mergers or consolidations, and electing directors following certain dividend non-payments.

Oct 31, 2025 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Oct 28, 2025)

On October 28, 2025, M&T Bank Corporation posted an investor presentation titled "Investor Update 4th Quarter 2025" to its Investor Relations website and furnished it under Item 7.01 (Regulation FD Disclosure) as Exhibit 99.1. The filing states that M&T may use the presentation in conversations with investors and analysts, and that the 8-K and exhibit are not deemed "filed" for purposes of Section 18 of the Exchange Act. The filing itself contains no new earnings figures beyond those shown in the presentation. The presentation highlights M&T's profitability and credit profile through the cycle. It reports a 3Q25 year-to-date net interest margin of 3.66%, an efficiency ratio of 56.3%, and a net operating return on tangible common equity of 15.07%. Net charge-offs to loans were 0.36% year-to-date, and the allowance to loans was 1.58% as of 3Q25. The company states that its 3Q25 common equity Tier 1 ratio was 10.99%, and it expects a CET1 ratio of 10.75% to 11.00% in 4Q25. Quarterly dividend per share was increased from $1.35 to $1.50 in 3Q25. For 4Q25, the presentation guides to taxable-equivalent net interest income of $1.8 billion (+/-), a NIM of 3.70% (+/-), fee income of $670 to $690 million, GAAP expenses of $1,350 to $1,370 million, and net charge-offs of 40 to 50 basis points of average loans. The presentation also includes an update on Wilmington Trust's exposure to Tricolor Holdings, LLC, which filed for Chapter 7 bankruptcy on September 10, 2025. The company states that neither Wilmington Trust nor M&T has credit exposure to Tricolor, that Wilmington Trust served in custodian and trust roles for certain Tricolor facilities, and that it is not possible at this time to estimate any potential liability.

Oct 28, 2025 8-K

M&T Bank 8-K Report, Financial Results (Oct 16, 2025)

M&T Bank Corporation (NYSE: MTB) reported third quarter 2025 results on October 16, 2025, with net income of $792 million, or $4.82 of diluted earnings per common share, up from $716 million ($4.24 diluted) in the second quarter of 2025 and $721 million ($4.02 diluted) in the third quarter of 2024. Net operating income, a non-GAAP measure that excludes after-tax intangible amortization, was $798 million, or $4.87 per diluted share. Taxable-equivalent net interest income rose $51 million from the prior quarter to $1,773 million, and net interest margin widened to 3.68% from 3.62%. Noninterest income increased to $752 million, helped by a $28 million earnout distribution related to the 2023 sale of the CIT business and a $20 million distribution from the investment in Bayview Lending Group LLC. Noninterest expense rose to $1,363 million, driven by higher severance-related expense and an impairment of a renewable energy tax credit investment. Credit metrics were mixed. The provision for credit losses was $125 million, unchanged from the second quarter, while net charge-offs increased to $146 million, or .42% of average loans, from $108 million, or .32%. Nonaccrual loans declined to $1.5 billion from $1.6 billion, and the allowance for loan losses fell to 1.58% of total loans from 1.61%. The CET1 capital ratio was estimated at 10.99%, unchanged from the prior quarter. M&T repurchased 2.1 million shares for $409 million, well below the $1.1 billion repurchased in the second quarter, and the quarterly dividend was increased from $1.35 to $1.50 per share. The filing furnishes a news release (Exhibit 99.1) and an investor presentation (Exhibit 99.2), which includes 2025 fourth-quarter outlook guidance: taxable-equivalent net interest income of $1.8 billion, plus or minus, a net interest margin of 3.70% plus or minus, fee income of $670 million to $690 million, GAAP expense of $1,350 million to $1,370 million, and net charge-offs of 40 to 50 basis points of average loans.

Oct 16, 2025 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Sep 9, 2025)

M&T Bank Corporation filed this Form 8-K under Item 7.01 (Regulation FD Disclosure) on September 9, 2025, to furnish an investor presentation titled "Investor Update 3rd Quarter 2025" (Exhibit 99.1), which M&T posted to its Investor Relations website and may use in conversations with investors and analysts. The filing states the information is furnished, not filed, under Section 18 of the Exchange Act. The presentation focuses on M&T's four stated priorities: building its New England and Long Island markets, optimizing resources through simplification, making systems and processes resilient and scalable, and developing its capability to manage risk. It highlights 1H25 net interest margin of 3.64%, a 1H25 efficiency ratio of 57.8%, and 1H25 net operating return on tangible assets of 1.32%. It also reports a 2025 outlook that includes net interest income of $7.0 billion to $7.15 billion (excluding notable items), fee income of $2.5 billion to $2.6 billion, GAAP expense of $5.4 billion to $5.5 billion, and net charge-offs below 40 basis points of average loans. On capital and shareholder returns, the presentation states that the quarterly dividend per share was increased from $1.35 to $1.50 in 3Q25, and that M&T expects its CET1 ratio to reach 10.75% to 11.00% in 2025, with flexibility for share repurchases depending on RWA growth. It also notes that the stress capital buffer is expected to improve from 3.8% to an estimated 2.7% effective October 1, 2025.

Sep 9, 2025 8-K

M&T Bank 8-K Report, Corporate Update (Jul 30, 2025)

M&T Bank Corporation (MTB) reported in a Form 8-K filed July 30, 2025 that it closed the public offering of $750,000,000 aggregate principal amount of its 5.400% Fixed Rate Reset Subordinated Notes, Series B, due July 30, 2035. The notes were issued under a registration statement on Form S-3 (File No. 333-274646). The filing is a short Item 8.01 (Other Events) notice. It states that the legal opinion of Squire Patton Boggs (US) LLP regarding the issuance and sale of the notes is filed with the 8-K and incorporated by reference into the registration statement. The exhibits listed are the legal opinion (Exhibit 5.1), the related counsel consent (Exhibit 23.1), and the Inline XBRL cover page (Exhibit 104). For investors, the key facts are the size of the issuance, the 5.400% fixed reset coupon, and the July 30, 2035 maturity. The filing does not describe use of proceeds, pricing terms beyond the coupon, or the notes' ranking, and those details would appear in other offering documents.

Jul 30, 2025 8-K

M&T Bank 8-K Report, Financial Results (Jul 16, 2025)

M&T Bank Corporation reported net income of $716 million, or $4.24 per diluted common share, for the quarter ended June 30, 2025, up from $584 million and $3.32 per diluted share in the first quarter of 2025 and $655 million and $3.73 in the second quarter of 2024. Net operating income, a non-GAAP measure that excludes amortization of core deposit and other intangible assets, was $724 million, or $4.28 per diluted share. Results were supported by a $72 million sequential rise in noninterest income, which included a $15 million gain on the sale of an out-of-footprint loan portfolio and a $10 million gain on the sale of a subsidiary that specialized in institutional services, and by a $79 million decline in noninterest expense, driven mainly by seasonally lower salaries and employee benefits. Net interest margin was 3.62%, compared with 3.66% in the first quarter of 2025, and the efficiency ratio improved to 55.2% from 60.5%. Asset quality improved modestly. The provision for credit losses was $125 million, net charge-offs were $108 million (.32% of average loans, annualized), and nonaccrual loans declined to $1,573 million from $2,024 million a year earlier. The allowance for loan losses was 1.61% of total loans. Accruing loans past due 90 days or more rose to $496 million from $384 million in the first quarter, and the filing attributes this predominantly to government-guaranteed residential real estate loans. Capital returns were significant. M&T repurchased 6,073,957 shares for a total cost of $1.1 billion, including the share repurchase excise tax, and the estimated CET1 capital ratio declined to 10.98% from 11.50% at March 31, 2025. The company's stress capital buffer is currently 3.8% and is estimated to decline to 2.7% effective October 1, 2025. The accompanying investor presentation also lays out 2025 outlook ranges, including taxable-equivalent net interest income of $7.0 billion to $7.15 billion excluding notable items, and a CET1 capital ratio of 10.75% to 11.00%.

Jul 16, 2025 8-K

M&T Bank 8-K Report, Corporate Update (Jun 17, 2025)

On June 17, 2025, M&T Bank Corporation ("M&T") closed the public offering of $750,000,000 aggregate principal amount of its 5.179% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due July 8, 2031 (the "Senior Notes"). The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). This Current Report is filed under Item 8.01 (Other Events) and serves primarily to document the completed debt issuance. The filing states that the legal opinion of Squire Patton Boggs (US) LLP, counsel to M&T, regarding the issuance and sale of the Senior Notes is filed as Exhibit 5.1 and is incorporated by reference into the Registration Statement, with the counsel's consent provided as Exhibit 23.1. The filing contains no financial results, earnings data, or operating updates. Its investor relevance is limited to the new $750 million senior debt issuance, which carries a fixed coupon of 5.179% for the initial period and matures July 8, 2031.

Jun 17, 2025 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Jun 10, 2025)

On June 10, 2025, M&T Bank Corporation posted a 2Q 2025 investor update presentation to its Investor Relations website and furnished it under Item 7.01 (Regulation FD Disclosure) as Exhibit 99.1. The filing states the presentation may be used in conversations with investors and analysts, and that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act. The filing itself contains no new financial results; the substantive content is the presentation's disclosures. The presentation reports 1Q25 net interest income of $1,707 million, fee income of $611 million, and PPNR of $891 million, with a 1Q25 net operating ROTA of 1.21% and a net charge-off ratio of 0.34%. For 2025, management outlines taxable-equivalent net interest income of $7.05 billion to $7.15 billion, fee income of $2.5 billion to $2.6 billion, GAAP expenses of $5.4 billion to $5.5 billion, and net charge-offs of approximately 40 basis points of average loans. It also targets a CET1 ratio of approximately 11% in 2025, with share repurchase flexibility depending on RWA trends. 2Q25 trends are described as sequentially higher NII and NIM and sequentially lower expenses, mostly from lower seasonal compensation. Credit and capital metrics were stable as of 1Q25: nonaccrual loans declined to $1,540 million from $2,302 million a year earlier, criticized C&I and CRE loans fell by $516 million quarter over quarter, and the CET1 ratio was 11.50%. Investors should note the presentation's forward-looking statement caveats and its non-GAAP reconciliations in the appendices.

Jun 10, 2025 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (May 6, 2025)

M&T Bank Corporation furnished an investor update presentation dated May 6, 2025 under Item 7.01 (Regulation FD Disclosure) of this Form 8-K, attached as Exhibit 99.1. The company states that management may use the presentation in conversations with investors and analysts, and that the materials are furnished rather than filed for Section 18 purposes. The presentation centers on first-quarter 2025 results and the company's positioning as a community-focused bank. It reports first-quarter 2025 net interest margin of 3.66%, an efficiency ratio of 60.5%, PPNR of $891 million, a net operating return on tangible common equity of 12.53%, and net charge-offs of 0.34% of loans. Total assets were $210 billion, total deposits $165 billion, and total loans and leases $135 billion. For 2025, the outlook calls for taxable-equivalent net interest income of $7.05 billion to $7.15 billion, fee income of $2.5 billion to $2.6 billion, GAAP expenses of $5.4 billion to $5.5 billion, and net charge-offs of about 40 basis points of average loans. The company targets a CET1 capital ratio of about 11% in 2025, with share repurchase flexibility depending on risk-weighted asset trends.

May 6, 2025 8-K

Shareholder Matters

M&T Bank 8-K Report, Shareholder Vote Results (Apr 17, 2025)

M&T Bank Corporation held its 2025 Annual Meeting of Shareholders on April 15, 2025, and this Current Report on Item 5.07 reports the voting results. Shareholders approved all of the Board of Directors' proposals: the election of fourteen directors to one-year terms, the approval of the 2024 compensation of the Named Executive Officers, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2025. The filing notes that each proposal is described in more detail in the 2025 Proxy Statement filed with the SEC on March 4, 2025. All three proposals passed with large majorities of votes cast. The say-on-pay proposal received 126,400,291 votes for and 7,366,862 against, with 459,009 abstentions and 14,182,993 broker non-votes. The auditor ratification received 142,321,976 votes for and 5,817,644 against, with 269,535 abstentions. Abstentions and broker non-votes were counted toward quorum but were not treated as votes cast. Among the directors, Leslie V. Godridge received the most votes for (133,430,068) and the fewest votes against (392,780). René F. Jones received the most votes against (7,457,450) and the fewest votes for (126,164,035) among the nominees. Carlton J. Charles also drew relatively high opposition at 5,142,311 votes against, and Melinda R. Rich received 6,963,188 votes against.

Apr 17, 2025 8-K

M&T Bank 8-K Report, Financial Results (Apr 14, 2025)

M&T Bank Corporation reported net income of $584 million, or $3.32 of diluted earnings per common share, for the quarter ended March 31, 2025, compared with $681 million ($3.86 per diluted share) in the fourth quarter of 2024 and $531 million ($3.02 per diluted share) in the first quarter of 2024. Net operating income, a non-GAAP measure that excludes after-tax intangible amortization, was $594 million, or $3.38 per diluted share. Net interest margin widened to 3.66% from 3.58% in the prior quarter, while the provision for credit losses fell to $130 million from $140 million, and net charge-offs declined to $114 million from $160 million. Nonaccrual loans improved to 1.14% of loans outstanding from 1.25% at December 31, 2024. Noninterest income decreased to $611 million from $657 million in the fourth quarter, reflecting a $23 million distribution from the Bayview Lending Group investment and net securities gains in the prior quarter. Noninterest expense rose to $1.415 billion from $1.363 billion, driven by seasonal salaries and employee benefits of $110 million. M&T repurchased 3,415,303 shares for a total cost of $662 million, and its estimated CET1 capital ratio declined to 11.50% from 11.68%. The filing also furnishes an investor presentation that includes 2025 outlook figures: taxable-equivalent net interest income of $7.05 billion to $7.15 billion, a net interest margin in the mid to high 3.60s, fee income of $2.5 billion to $2.6 billion, GAAP expenses of $5.4 billion to $5.5 billion, and a CET1 capital ratio target of approximately 11% in 2025.

Apr 14, 2025 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Mar 4, 2025)

M&T Bank Corporation furnished an investor presentation titled "Investor Update 1st Quarter 2025" dated March 4, 2025, as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure). The filing states the presentation was posted to M&T's investor relations website and may be used in conversations with investors and analysts. The 8-K itself contains no earnings results; the substance lies in the attached deck. The deck's FY2024 figures show net interest income of $6.9 billion, fee income of $2.4 billion, and a net operating ROTCE of 14.5% for the total bank, with a GAAP efficiency ratio of 56.9% and a net interest margin of 3.58%. For 2025, management guides to taxable-equivalent net interest income of $7.1 billion to $7.2 billion with a net interest margin in the mid 3.60s, fee income of $2.5 billion to $2.6 billion, GAAP expense of $5.4 billion to $5.5 billion, and net charge-offs of about 40 basis points of average loans. It targets a CET1 ratio of about 11% in 2025, with share repurchases flexible depending on loan growth. The deck also notes that M&T opted into the 2025 stress test. The presentation highlights credit metrics and risk concentrations. Criticized C&I and CRE loans and leases fell by about $1 billion quarter over quarter to $9.9 billion at 4Q24. Commercial real estate is 20% of total loans, down from 31% in 2019, and permanent office CRE is 3.1% of total loans with a weighted-average LTV of 60%. The deck also flags first-quarter 2025 trends, including a smaller balance sheet, lower average loans driven by CRE, and roughly $110 million of seasonal compensation expense.

Mar 4, 2025 8-K

M&T Bank 8-K Report, Corporate Update (Jan 22, 2025)

On January 22, 2025, M&T Bank Corporation (NYSE: MTB) announced that its Board of Directors authorized a new share repurchase program of up to $4.0 billion of M&T common stock, $0.50 par value per share. Repurchases may be made on the open market or in privately negotiated transactions. The filing states that the exact number of shares, timing, price and terms will be at M&T's discretion and subject to regulatory limitations. The new authorization replaces the prior $3.0 billion share repurchase program approved by the Board in July 2022, which terminates effective January 22, 2025. For investors, the key change is that the authorized buyback capacity increases from $3.0 billion to $4.0 billion, indicating the Board's willingness to return surplus capital to shareholders. In the accompanying news release, CFO Daryl Bible said the decision reflects M&T's approach to managing shareholder capital responsibly, with capital allocation focused first on supporting customers and communities and continuing to invest in the business. He cited strong earnings and a solid capital position as enabling both goals. The filing contains no specific repurchase schedule or quantity of shares to be bought.

Jan 22, 2025 8-K

M&T Bank 8-K Report, Financial Results (Jan 16, 2025)

M&T Bank Corporation reported net income of $681 million, or $3.86 of diluted earnings per common share, for the fourth quarter of 2024, compared with $482 million, or $2.74 per diluted share, in the fourth quarter of 2023. For full-year 2024, net income was $2.59 billion, or $14.64 per diluted share, versus $2.74 billion, or $15.79 per diluted share, in 2023. Net operating income, a non-GAAP measure that excludes amortization of intangibles, was $691 million ($3.92 per diluted share) for the quarter and $2.63 billion ($14.88 per diluted share) for the year. The filing shows improving capital and credit metrics. The CET1 capital ratio was an estimated 11.67% at December 31, 2024, up from 11.54% at September 30, 2024 and 10.98% at December 31, 2023, and M&T repurchased $200 million of common stock in the fourth quarter. Nonaccrual loans fell to $1.69 billion, or 1.25% of loans, from $1.93 billion at September 30, 2024. Net charge-offs rose to 0.47% of average loans in the quarter, and net interest margin narrowed to 3.58% from 3.62% in the third quarter. Management's 2025 outlook, presented in the investor presentation furnished as Exhibit 99.2, includes taxable-equivalent net interest income of $7.1 billion to $7.2 billion, a net interest margin in the mid 3.60s, GAAP expense of $5.4 billion to $5.5 billion, net charge-offs of about 40 basis points of average loans, and a CET1 ratio target of about 11%.

Jan 16, 2025 8-K

M&T Bank 8-K Report, Corporate Update (Dec 17, 2024)

On December 17, 2024, M&T Bank Corporation (MTB) closed the public offering of two series of senior medium-term notes issued under its Series A program. The offering consisted of $500,000,000 aggregate principal amount of 4.833% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2029, and $1,000,000,000 aggregate principal amount of 5.385% Fixed Rate/Floating Rate Senior Medium-Term Notes due January 16, 2036. Together, the Senior Notes total $1.5 billion in principal. The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). The filing attaches a legal opinion from Squire Patton Boggs (US) LLP on the validity of the notes, which is incorporated by reference into the registration statement, along with the related consent and the Inline XBRL cover page. The filing is a routine disclosure of debt issuance. It provides the principal amounts, coupon rates, and maturity dates of the notes but does not discuss the use of proceeds or any other financial results.

Dec 17, 2024 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Dec 10, 2024)

M&T Bank Corporation filed this Form 8-K on December 10, 2024 under Item 7.01 (Regulation FD Disclosure) to furnish an investor presentation, its "Investor Update 4th Quarter 2024" dated December 2024, which it posted to its Investor Relations website and may use in conversations with investors and analysts. The filing states that the information is furnished rather than filed for purposes of Section 18 of the Exchange Act. The presentation, attached as Exhibit 99.1, centers on third-quarter 2024 results and the 4Q24 outlook. It reports year-to-date 3Q24 net interest margin of 3.58%, an efficiency ratio of 57.0%, PPNR of $2,940 million, and net operating return on tangible common equity of 14.51%. Management guides to 4Q24 taxable-equivalent net interest income of about $1,730 million, fee income of about $610 million excluding notable items, total expense of $1,310 million to $1,330 million excluding notable items, net charge-offs of about 40 basis points of average loans, and share repurchases of $200 million. At 9/30/2024 the CET1 ratio was 11.54% and the tangible common equity ratio was 8.83%. The presentation also covers credit and liquidity. Criticized C&I and CRE loans fell by $1.2 billion quarter over quarter to $10.9 billion. Liquidity sources were about 134% of adjusted uninsured deposits, and uninsured deposits were 45% of total deposits at 9/30/2024. Permanent investor real estate has a weighted-average LTV of 55%, and permanent office CRE represents less than 3.5% of total loans. The presentation also includes peer comparisons and non-GAAP reconciliations.

Dec 10, 2024 8-K

M&T Bank 8-K Report, Financial Results (Oct 17, 2024)

M&T Bank Corporation reported third quarter 2024 net income of $721 million, or $4.02 diluted earnings per common share, up from $655 million ($3.73 per share) in the second quarter of 2024 and $690 million ($3.98 per share) in the third quarter of 2023. Net operating income, a non-GAAP measure that excludes after-tax amortization of core deposit and other intangible assets, was $731 million, or $4.08 per diluted share. Net interest margin widened to 3.62% from 3.59% in the prior quarter, and the provision for credit losses fell to $120 million from $150 million, while nonaccrual loans declined to 1.42% of loans from 1.50%. Capital strengthened further, with the estimated CET1 capital ratio rising to 11.54% at September 30, 2024, from 11.45% at June 30, 2024. The company repurchased 1,190,054 shares for a total cost of $200 million in the quarter. Noninterest expense rose modestly to $1.303 billion, and the effective tax rate was 20.7%, which the filing notes includes a discrete tax benefit tied to certain tax credits claimed on a prior year return. The filing also includes an investor presentation with 4Q24 outlook guidance: taxable-equivalent net interest income of $1,730 million, a net interest margin in the low 3.60s, fee income of $595 million to $605 million, GAAP expense of $1,310 million to $1,330 million, net charge-offs of about 40 basis points of average loans, and a tax rate of 24.0% to 24.5%. Both exhibits are furnished under Items 2.02 and 7.01 and are not deemed filed for purposes of Section 18 of the Exchange Act.

Oct 17, 2024 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Sep 10, 2024)

On September 10, 2024, M&T Bank Corporation posted an investor update presentation (3Q 2024 Investor Update, dated September 2024) to its Investor Relations website and furnished it under Item 7.01 (Regulation FD) as Exhibit 99.1. The filing states the presentation may be used in conversations with investors and analysts, and that the information is not deemed "filed" for purposes of Section 18 of the Exchange Act. The presentation provides management's 3Q 2024 trend commentary and 2024 outlook. Through August quarter-to-date, average deposits were down from the linked quarter to $160.7 billion and average loans were flat at $134.6 billion. Guidance for 2024 includes taxable-equivalent net interest income of $6.85 billion to $6.90 billion with net interest margin in the 3.50s, fee income of $2.3 billion to $2.4 billion, GAAP expense of $5.25 billion to $5.30 billion, and net charge-offs of about 40 basis points of average loans. Share repurchases were planned at $200 million per quarter in 3Q and 4Q 2024, with 3Q repurchases described as substantially complete. The presentation also covers credit and capital. Criticized C&I and CRE loans decreased $889 million quarter over quarter, the CET1 ratio was 11.45% at 6/30/2024 (per the key ratios table), and securities of $29.9 billion represented 14% of total assets. Management notes that its interest rate sensitivity is effectively neutral and that the company expects a downside deposit beta of 30% to 40% through the first several rate cuts.

Sep 10, 2024 8-K

M&T Bank 8-K Report, Financial Results (Jul 18, 2024)

M&T Bank Corporation reported net income of $655 million, or $3.73 per diluted common share, for the quarter ended June 30, 2024, compared with $531 million, or $3.02 per diluted share, in the first quarter of 2024 and $867 million, or $5.05 per diluted share, in the second quarter of 2023. Diluted net operating earnings per common share were $3.79, against $3.09 in the prior quarter and $5.12 a year earlier. The year-over-year decline was driven largely by the $225 million gain on the sale of the Collective Investment Trust business recognized in April 2023. Net interest margin widened to 3.59% from 3.52% in the first quarter, and the CET1 capital ratio rose to an estimated 11.44%, the fifth consecutive quarterly increase. Credit and expense trends improved sequentially. The provision for credit losses fell to $150 million from $200 million, nonaccrual loans declined to $2.0 billion, and noninterest expense decreased to $1.30 billion from $1.40 billion, reflecting seasonal compensation costs in the first quarter. Average commercial real estate loans declined while commercial and industrial and consumer loans grew. The company also noted a reduction in its stress capital buffer, from 4.0% to an estimated 3.8% effective October 1, 2024. The filing furnishes the earnings press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2), which includes 2024 outlook guidance. That guidance projects taxable-equivalent net interest income of $6.85 billion to $6.90 billion, fee income of $2.3 billion to $2.4 billion, GAAP expense of $5.25 billion to $5.30 billion, and net charge-offs of approximately 40 basis points of average loans.

Jul 18, 2024 8-K

Other Events

M&T Bank 8-K Report, Corporate Update (Jul 10, 2024)

M&T Bank Corporation (MTB) filed a Form 8-K on July 10, 2024 under Item 8.01 (Other Events) to announce that it has elected to redeem all outstanding shares of its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E, par value $1.00 per share. The filing states there are 350,000 issued and outstanding shares of Series E Preferred Stock (CUSIP No. 55261FAG9). The shares will be redeemed on August 15, 2024 (the Redemption Date) at a redemption price of $1,000 per share, plus all accrued and unpaid dividends from, and including, May 15, 2024, to, but excluding, the Redemption Date. After the Redemption Date, the shares will no longer be deemed outstanding, no further dividends will be declared or accrue, and holders' rights will cease except the right to receive the Redemption Price. A notice of redemption sent to holders specifies the terms, conditions and procedures. The filing is otherwise routine in nature and includes standard forward-looking statement language, referring readers to the Risk Factors section of its Form 10-K for the year ended December 31, 2023. It was signed by Daryl N. Bible, Senior Executive Vice President and Chief Financial Officer.

Jul 10, 2024 8-K

Leadership Changes

M&T Bank 8-K Report, Executive Changes (Jun 26, 2024)

M&T Bank Corporation (MTB) filed a Form 8-K dated June 26, 2024, reporting under Item 5.02 (Departure of Directors or Certain Officers) that Darren J. King, Senior Executive Vice President, will separate from the Company effective August 10, 2024. The filing states the announcement was made on June 26, 2024, and does not describe the reasons for the separation, any successor, or any compensation arrangements. The filing is brief and contains no financial results, guidance, or operating metrics. Its only substantive disclosure is the scheduled departure of a senior executive, with the separation taking effect in roughly six weeks from the filing date. Investors should note that the 8-K identifies no interim replacement or transition plan. The filing is signed by Laura O'Hara, Senior Executive Vice President and Chief Legal Officer. The registrant's common stock (MTB) and its Series H and Series J preferred stock are listed on the New York Stock Exchange.

Jun 26, 2024 8-K

Shareholder MattersCorporate ChangesOther Events+1

M&T Bank 8-K Report, Regulation FD Disclosure (Jun 11, 2024)

M&T Bank Corporation posted a 2Q 2024 investor update on its website on June 11, 2024, for use in investor and analyst conversations. The presentation reports quarter-to-date trends through May 2024, including average deposits of $163.9 billion, average loans of $134.5 billion, and a taxable-equivalent net interest margin guided to the mid-3.50s. Management expects GAAP expense of $1.290 billion to $1.310 billion for the quarter and says share repurchases were paused during 2Q24. The company expects its CET1 ratio to build from 11.08% to over 11.35%. For full-year 2024, the outlook calls for taxable-equivalent net interest income of $6.85 billion, fee income of $2.3 billion to $2.4 billion, GAAP expense of $5.25 billion to $5.30 billion, and net charge-offs of about 40 basis points of average loans. Credit metrics are presented as elevated but manageable. Criticized commercial loans rose $364 million quarter over quarter to $12.9 billion, while permanent office commercial real estate is under 3.5% of total loans and its maturities are described as spread out. Liquidity sources are stated at about 135% of adjusted uninsured deposits as of March 31, 2024. The presentation also emphasizes long-term profitability and capital strength. It cites a net operating return on tangible common equity of 17.60% for 2023 and 12.67% for 1Q24, a 1Q24 CET1 ratio of 11.08%, and a top-quartile CET1 position among peers.

Jun 11, 2024 8-K

M&T Bank 8-K Report, Rights Modification (May 13, 2024)

On May 9, 2024, M&T Bank Corporation filed a certificate of amendment with the New York State Department of State establishing a new series of preferred stock, the Perpetual 7.500% Non-Cumulative Preferred Stock, Series J, with a liquidation preference of $10,000 per share. The offering was made under an Underwriting Agreement dated May 6, 2024 with Morgan Stanley & Co. LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC as representatives of the underwriters. M&T agreed to sell 30,000,000 depositary shares, each representing a 1/400th interest in a share of Series J Preferred Stock, and the public offering was completed on May 13, 2024. The Series J Preferred Stock ranks senior to common stock and equally with M&T's outstanding Series E, F, G, H and I preferred stock. Dividends are noncumulative and, if declared, are payable quarterly on March 15, June 15, September 15 and December 15, beginning September 15, 2024, at a rate of 7.500% per annum on the $10,000 stated amount per share ($25 per Depositary Share). Dividends may not be paid to the extent doing so would cause M&T to fail to comply with applicable laws and capital adequacy rules. If dividends are not declared, M&T faces restrictions on paying dividends or making distributions on common stock and on parity or junior preferred stock. The Series J Preferred Stock is perpetual with no maturity date. M&T may redeem it in whole or in part on any dividend payment date on or after June 15, 2029, or in whole within 90 days following a regulatory capital treatment event, at $10,000 per share ($25 per Depositary Share) plus declared but unpaid dividends. Voting rights are limited to specified matters, including authorizing senior stock, certain changes to the Series J terms, certain share exchanges, mergers or consolidations, and electing directors after certain dividend non-payments. Computershare Inc. and Computershare Trust Company, N.A., acting jointly as depositary, handle voting by Depositary Share holders.

May 13, 2024 8-K

Shareholder MattersOther Events

M&T Bank 8-K Report, Regulation FD Disclosure (May 3, 2024)

On May 3, 2024, M&T Bank Corporation filed a Form 8-K under Item 7.01 (Regulation FD Disclosure) to announce that it posted an investor presentation titled "Investor Update, 2nd Quarter 2024" to its Investor Relations website. The presentation is attached as Exhibit 99.1, and M&T states it may use the presentation in conversations with investors and analysts. The filing itself contains no new financial results; the substance lies in the presentation's content. The presentation describes M&T as a top 15 U.S.-based commercial bank holding company with $215 billion in total assets, $167 billion in total deposits and $135 billion in total loans and leases, net, as of 1Q24. It reports 1Q24 net operating ROTA of 1.08% and net operating ROTCE of 12.67%, an efficiency ratio of 60.8% and a 1Q24 net charge-off ratio of 0.42%. It cites a 2024 outlook of net interest income of $6.8 billion (taxable-equivalent) with NIM in the 3.50s, fee income of $2.3 billion to $2.4 billion, GAAP expense of $5.25 billion to $5.30 billion, and net charge-offs of approximately 40 basis points of average loans. Share repurchases are described as "currently paused," with a decision to be evaluated after 2nd quarter results. The presentation also details credit and capital positions. Permanent commercial real estate is $25.2 billion, with a weighted average LTV of 56%, and total criticized C&I and CRE loans rose $364 million quarter over quarter. The CET1 ratio was 11.08% and the Tier 1 capital ratio was 12.38% at 3/31/2024, and the presentation notes a roughly 20 basis point negative impact to CET1 from AOCI under proposed rules.

May 3, 2024 8-K

M&T Bank 8-K Report, Shareholder Vote Results (Apr 18, 2024)

M&T Bank Corporation held its 2024 Annual Meeting of Shareholders on April 16, 2024, and shareholders approved all of the Board's proposals. Shareholders elected sixteen directors to one-year terms, approved the 2023 compensation of the Named Executive Officers on an advisory basis, and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2024. John R. Scannell did not stand for re-election and his term as a director ended at the meeting. The votes for the Named Executive Officer compensation proposal were 126,792,136 in favor, 8,142,575 against, and 700,393 abstentions, with 15,132,722 broker non-votes. Robert T. Brady received the most against votes of any director nominee, at 17,593,905, while most other nominees drew against votes in the range of roughly 0.6 million to 6.9 million. The PricewaterhouseCoopers ratification received 144,695,383 votes for, 5,824,756 against, and 248,189 abstentions. Following the meeting, the Board elected Gary N. Geisel as non-executive Vice Chairman and lead independent director and reappointed the members of its Audit, Compensation and Human Capital, Nomination and Governance, Executive, and Risk Committees. Denis J. Salamone chairs the Audit Committee, William F. Cruger, Jr. chairs the Compensation and Human Capital Committee, Melinda R. Rich chairs the Nomination and Governance Committee, and Robert E. Sadler, Jr. chairs the Executive and Risk Committees.

Apr 18, 2024 8-K

Earnings & ResultsExhibits & Filings

M&T Bank 8-K Report, Regulation FD Disclosure (Apr 15, 2024)

M&T Bank Corporation furnished an investor presentation dated April 15, 2024 (Exhibit 99.1) under Item 7.01 Regulation FD Disclosure, covering its first-quarter 2024 earnings results. The filing states that the presentation is posted on M&T's Investor Relations website and may be used in conversations with investors and analysts. The information is furnished, not filed, for purposes of Section 18 of the Exchange Act. According to the presentation, GAAP diluted EPS was $3.02 in 1Q24, up from $2.74 in 4Q23 and down from $4.01 in 1Q23, with GAAP net income of $531 million. On a GAAP-Adjusted basis, which excludes the FDIC special assessment, diluted EPS was $3.15 and net income was $553 million. Net operating diluted EPS was $3.09. Net interest margin declined 9 bps quarter over quarter to 3.52%, and noninterest expense included FDIC special assessments of $29 million in 1Q24 versus $197 million in 4Q23. Net charge-offs were 0.42% of average loans, and the provision for credit losses was $200 million. The presentation reports a CET1 capital ratio of 11.07% (estimated as of March 31, 2024) and tangible book value per share of $99.54. Criticized C&I and CRE loans rose $364 million quarter over quarter, with C&I criticized loans up $641 million. The 2024 outlook guides to taxable-equivalent net interest income of $6.8 billion with NIM in the 3.50s, GAAP expenses of $5.25 billion to $5.30 billion, net charge-offs of about 40 basis points, and share repurchases currently paused pending review after second-quarter results.

Apr 15, 2024 8-K

M&T Bank 8-K Report, Financial Results (Apr 15, 2024)

M&T Bank Corporation reported first quarter 2024 net income of $531 million, or $3.02 per diluted common share, compared with $702 million, or $4.01 per diluted share, in the first quarter of 2023. Net operating income, a non-GAAP measure that excludes after-tax amortization of core deposit and other intangibles, was $543 million, or $3.09 per diluted share. The quarter's results were pressured by a net interest margin that narrowed to 3.52% from 3.61% in the fourth quarter of 2023 and from 4.04% a year earlier, as higher deposit and borrowing costs more than offset higher earning assets. Net interest income of $1.68 billion fell from $1.82 billion a year earlier. Credit and expense items were mixed. The provision for credit losses was $200 million, up from $120 million in the first quarter of 2023, reflecting declines in commercial real estate values and elevated criticized commercial and industrial loans. Nonaccrual loans were $2.3 billion, and net charge-offs were $138 million. Noninterest expense was $1.40 billion, including a $29 million incremental FDIC special assessment and $99 million of seasonally higher employee compensation and benefits costs. The effective tax rate was 20.0%, aided by a net discrete tax benefit. Capital strengthened modestly, with the CET1 capital ratio estimated at 11.07% at March 31, 2024, up from 10.98% at December 31, 2023. M&T did not repurchase any common shares in the first quarter of 2024, and cash dividends declared totaled $219 million on common stock and $25 million on preferred stock. The filing also furnishes a news release and a presentation of supplemental financial data.

Apr 15, 2024 8-K

M&T Bank 8-K Report, Corporate Update (Mar 13, 2024)

On March 13, 2024, M&T Bank Corporation closed the public offering of $850,000,000 aggregate principal amount of its 6.082% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due March 13, 2032. The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). The filing is a brief Item 8.01 (Other Events) disclosure. It reports the closing of the offering and incorporates by reference the legal opinion of Squire Patton Boggs (US) LLP, counsel to M&T, regarding the issuance and sale of the notes. The opinion is filed as Exhibit 5.1, with the related consent of counsel filed as Exhibit 23.1, which is included within Exhibit 5.1. For investors, the key facts are the principal amount, the 6.082% fixed-to-floating coupon structure, and the March 13, 2032 maturity. The filing also includes the Inline XBRL cover page as Exhibit 104. It does not discuss use of proceeds or the company's financial results.

Mar 13, 2024 8-K

Earnings & ResultsExhibits & Filings

M&T Bank 8-K Report, Regulation FD Disclosure (Mar 5, 2024)

M&T Bank Corporation filed this Form 8-K on March 5, 2024 under Item 7.01 (Regulation FD Disclosure) to furnish an investor presentation posted to its Investor Relations website, attached as Exhibit 99.1. The filing states that M&T may use the presentation in conversations with investors and analysts, and that the information is furnished rather than filed for purposes of Section 18 of the Exchange Act. The presentation, titled "Investor Update, 1st Quarter 2024," outlines 1Q24 trends and 2024 guidance. For 1Q24 through February, average total deposits were down $1.3 billion from the linked quarter to $163.4 billion, and average loans were up $0.8 billion to $133.5 billion. For full-year 2024, M&T guides to taxable-equivalent net interest income of $6.7 billion to $6.8 billion with a net interest margin in the 3.50s, fee income of $2.3 billion to $2.4 billion, and GAAP expenses of $5.25 billion to $5.30 billion. Net charge-offs are expected at approximately 40 basis points, and share repurchases are currently paused. The presentation also details credit and capital positioning: Common Equity Tier 1 ratio of 10.98% at December 31, 2023, with an expected build to over 11% in 1Q24, permanent commercial real estate loans of $25.3 billion with a weighted average LTV of 55%, and a securities portfolio of $26.9 billion. It reports 2023 net operating return on tangible common equity of 17.60% and GAAP net income of $2.741 billion for 2023.

Mar 5, 2024 8-K

M&T Bank 8-K Report, Financial Results (Jan 18, 2024)

M&T Bank Corporation furnished a Form 8-K on January 18, 2024 under Item 2.02 (Results of Operations and Financial Condition), attaching a news release (Exhibit 99.1) announcing results for the quarter and year ended December 31, 2023. The company reported fourth-quarter 2023 net income of $482 million, or $2.74 of diluted earnings per common share, compared with $690 million in the third quarter of 2023 and $765 million in the fourth quarter of 2022. Full-year 2023 net income was $2.74 billion, or $15.79 of diluted earnings per share, versus $1.99 billion in 2022. Fourth-quarter net operating income was $494 million, or $2.81 per diluted share, and includes an FDIC special assessment of $197 million ($146 million net of tax, or $0.88 per diluted share). Net interest margin narrowed to 3.61% in the fourth quarter from 3.79% in the third quarter, reflecting higher deposit costs and a shift of customer funds into interest-bearing products. The provision for credit losses rose to $225 million from $150 million in the prior quarter and $90 million a year earlier, reflecting pressure on investor-owned commercial real estate borrowers. Net charge-offs were $148 million in the quarter, and nonaccrual loans declined to $2.17 billion at year-end. The estimated CET1 capital ratio was 10.98% at December 31, 2023, up from 10.95% at September 30, 2023. The release also states that M&T realigned its business into three reportable segments (Commercial Bank, Retail Bank, and Institutional Services and Wealth Management), to be reflected in its upcoming Form 10-K. The filing states that no shares were repurchased in the fourth quarter of 2023 and that M&T repurchased 3,838,157 shares for $600 million in the first quarter of 2023.

Jan 18, 2024 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Jan 18, 2024)

On January 18, 2024, M&T Bank Corporation furnished an investor presentation under Item 7.01 (Regulation FD) and attached it as Exhibit 99.1. The presentation reports full-year 2023 GAAP revenues of $9,643 million, up from $8,179 million in 2022, and GAAP net income of $2,741 million, up from $1,992 million. GAAP diluted EPS was $15.79 versus $11.53, which the presentation describes as growth of +37% year over year. On a GAAP-Adjusted basis, which excludes the FDIC special assessment and other notable items, diluted EPS was $15.72 for 2023 versus $14.17 for 2022. Fourth-quarter 2023 results were weaker: GAAP net income was $482 million and diluted EPS was $2.74, which includes a $197 million FDIC special assessment. Adjusted diluted EPS was $3.62. Credit and balance sheet metrics showed pressure. Criticized C&I and CRE loans rose $1.5 billion quarter over quarter, with increases in non-owner-occupied C&I and CRE loans. The full-year net charge-off ratio was 0.33% of average loans, and the fourth-quarter ratio was 0.44%. Net interest margin fell 18 basis points quarter over quarter to 3.61%, driven by higher deposit funding costs. The CET1 capital ratio was an estimated 10.98% at December 31, 2023, and tangible book value per common share was $98.54. For 2024, management guides to taxable-equivalent net interest income of $6.7 billion to $6.8 billion, fee income of $2.3 billion to $2.4 billion, and GAAP expenses of $5.25 billion to $5.30 billion. It expects net charge-offs of about 40 basis points of average loans. Share repurchases are paused, with resumption to be considered after the 2024 stress test results, further clarity on Basel III Endgame rules, and a stabilizing economic outlook.

Jan 18, 2024 8-K

M&T Bank 8-K Report, Regulation FD Disclosure (Dec 5, 2023)

M&T Bank Corporation furnished an 8-K on December 5, 2023 under Item 7.01 (Regulation FD Disclosure), stating that it posted an investor presentation titled "Investor Update, 4th Quarter 2023" to its Investor Relations website. The presentation is attached as Exhibit 99.1, and M&T may use it in conversations with investors and analysts. The filing states that the information is furnished and not deemed "filed" under Section 18 of the Exchange Act. The presentation covers M&T's 4Q23 outlook and balance sheet trends. For 4Q23, it guides to taxable-equivalent net interest income of $1,710 million to $1,740 million, fee income of about $560 million, and operating expense (excluding intangible amortization) of $1,245 million to $1,265 million. It also states that net charge-offs are likely above 3Q23 levels, that full-year 2023 net charge-offs are still expected to be near the long-term average of 33 bps, and that the FDIC special assessment is about $197 million. Asset quality disclosures include permanent investor-owned real estate of $25.9 billion, total loans of $132.4 billion, and an allowance for credit losses of $2,052 million (1.55% of loans). Permanent office real estate is $4.9 billion, with a $240 million allowance (4.90% of those loans). Capital and liquidity figures as of September 30, 2023 include a Common Equity Tier 1 ratio of 10.95% and a tangible common equity ratio of 7.78%. The presentation states that the AFS and pension-related AOCI impact is about 36 bps on regulatory capital. Deposits total $164.6 billion, and uninsured deposits represent 42% of total deposits. The company also issued $1 billion in senior notes in 4Q23.

Dec 5, 2023 8-K

M&T Bank 8-K Report, Corporate Update (Nov 21, 2023)

On November 21, 2023, M&T Bank Corporation closed the public offering of $250,000,000 aggregate principal amount of its 7.413% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due October 30, 2029. The notes were issued as a reopening under M&T's Senior Medium-Term Note Program, Series A, and were registered under the Securities Act of 1933 via a Form S-3 registration statement (File No. 333-274646). The new notes are fungible with and form a single series with the $750,000,000 7.413% Senior Medium-Term Notes, Series A due 2029 issued on October 30, 2023. They share the same CUSIP and ISIN numbers, bringing the combined aggregate principal amount of the series to $1,000,000,000. The filing also includes a legal opinion from Squire Patton Boggs (US) LLP, counsel to M&T, regarding the validity of the notes, which is incorporated by reference into the Registration Statement. The filing is limited to this debt issuance and related legal documentation.

Nov 21, 2023 8-K

M&T Bank 8-K Report, Corporate Update (Oct 30, 2023)

On October 30, 2023, M&T Bank Corporation (MTB) closed the public offering of $750,000,000 aggregate principal amount of its 7.413% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due October 30, 2029 (the "Senior Notes"). The Senior Notes were registered under the Securities Act of 1933 through a Form S-3 registration statement (File No. 333-274646). The filing is a limited disclosure under Item 8.01 (Other Events). It confirms the closing of the offering and notes that the legal opinion of Squire Patton Boggs (US) LLP, counsel to M&T, regarding the issuance and sale of the notes is filed with the report and incorporated by reference into the registration statement. The filing does not describe the use of proceeds, pricing terms beyond the coupon, or the company's financial results. For investors, the key facts are the size of the issuance, the 7.413% fixed-to-floating coupon structure, and the six-year maturity.

Oct 30, 2023 8-K