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M&T BANK CORP

LISTEDNYSE

SYMBOLMTB

SIC6022

STATE OF INC.NY

FISCAL YEAR ENDSDecember 31

CIK36270

STATE COMMERCIAL BANKS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	13,060	30.9
Stockholders' equity	29,177	69.1
Total capitalization	42,237	100.0

144,416,262 shares outstanding at 31 July 2026 (cover page of the 10-Q filed 4 August 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	10,911
Short-term borrowings / commercial paper	2,149

CAPITAL STOCK 12/31/25

Common shares authorized	250,000,000
Common shares issued	179,436,779
Treasury shares	27,604,513
Par or stated value per share ($)	0.5
Preferred stock ($ millions)	2,834
Outstanding at 7/31/26	144,416,262

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	5.70	33.5
2024	5.35	36.5
2023	5.20	32.9
2022	4.80	41.6
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in New York. Formerly known as FIRST EMPIRE STATE CORP (to 18 May 1998).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6022, State Commercial Banks. Large accelerated filer. Principal executive office: C/O Legal, One M&T Plaza, Buffalo, NY 14203. Fiscal year ends December 31. Deposits at 12/31/25: $166,909 million. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total interest income	10,486	11,026	10,224
Total interest expense	3,538	4,174	3,109
Net interest income	6,948	6,852	7,115
Provision for credit losses	–	–	645
Noninterest income	2,742	2,427	2,528
Noninterest expense	5,493	5,359	5,379
Total net revenue	–	–	9,643
Income before income taxes	3,692	3,310	3,619
Income taxes	841	722	878
Net income	2,851	2,588	2,741
Earned per share, diluted ($)	17.00	14.64	15.79
Dividends per share ($)	5.70	5.35	5.20

CONSOLIDATED STATEMENT OF CONDITION

($ millions)	12/31/25	12/31/24
Cash and due from banks	1,701	1,909
Interest-bearing deposits with banks	17,068	18,873
Securities available for sale	23,202	18,849
Securities held to maturity	12,430	14,195
Allowance for credit losses	2,116	2,184
Total assets	213,510	208,105
Deposits	166,909	161,095
Short-term borrowings	2,149	1,060
Long-term debt	10,911	12,605
Total liabilities	184,333	179,078
Stockholders' equity	29,177	29,027

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Total assets	Total liabilities	Total debt	Deposits	Stockholders' equity	ROE %	Debt / equity
12/31/25	13,228	–	2,851	21.6	17.00	5.70	3,003	213,510	184,333	13,060	166,909	29,177	9.8	0.45
12/31/24	13,453	–	2,588	19.2	14.64	5.35	3,610	208,105	179,078	13,665	161,095	29,027	8.9	0.47
12/31/23	9,643	–	2,741	28.4	15.79	5.20	3,905	208,264	181,307	13,517	163,274	26,957	10.2	0.50
12/31/22	8,179	–	1,992	24.4	11.53	4.80	4,574	200,730	175,412	7,520	163,515	25,318	7.9	0.30
12/31/21	5,992	–	1,859	31.0	13.80	–	2,715	155,107	137,204	3,532	131,543	17,903	10.4	0.20
12/31/20	5,955	–	1,353	22.7	9.94	–	789	142,601	126,414	4,442	119,806	16,187	8.4	0.27
12/31/19	6,192	–	1,929	31.2	13.75	–	2,358	119,873	104,156	7,049	94,770	15,717	12.3	0.45
12/31/18	5,928	–	1,918	32.4	12.74	–	2,090	120,097	104,637	12,843	90,157	15,460	12.4	0.83
12/31/17	5,632	–	1,408	25.0	8.70	–	2,782	118,593	102,343	8,317	92,432	16,251	8.7	0.51
12/31/16	5,296	–	1,315	24.8	7.78	–	1,183	123,449	106,963	9,657	95,494	16,487	8.0	0.59

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

M&T BANK CORP
CIK 36270 · EIN 16-0968385

PRINCIPAL OFFICE:

C/O Legal, One M&T Plaza, Buffalo, NY 14203
Tel.: 7166354000

INCORPORATED:

New York

INDUSTRY (SEC SIC CODE):

6022 · State Commercial Banks

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 18 February 2026

FORMER NAMES:

FIRST EMPIRE STATE CORP

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/28/26	8-K	period 9/28/26
9/22/26	8-K	period 9/22/26
9/14/26	8-K	period 9/14/26
8/4/26	10-Q	period 6/30/26
7/21/26	8-K	period 7/17/26
7/15/26	8-K	period 7/15/26
6/16/26	8-K	period 6/16/26
5/5/26	10-Q	period 3/31/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/18/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/22/21) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/20/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.