M&T BANK CORP

MTB 10-K · Q4 2025

MTB Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue (Q)
Show Business Segments breakouts
All Other Segments · Operating Segments 112 6 +1766.7%
Commercial Bank · Operating Segments 761 745 +2.1%
Institutional Services and Wealth Management · Operating Segments 384 390 -1.5%
Retail Bank · Operating Segments 1,218 1,244 -2.1%
Show Consolidation Items breakouts
Operating Segments 2,475 2,385 +3.8%
Revenue 420 392 +7.1%
Show Product Lines breakouts
Brokerage services income 34 30 +13.3%
Brokerage services income · Commercial Bank 2 1 +100.0%
Brokerage services income · Institutional Services and Wealth Management 32 29 +10.3%
Credit Card Merchant Discount 43 41 +4.9%
Credit Card Merchant Discount · Commercial Bank 20 20 0.0%
Credit Card Merchant Discount · Retail Bank 23 21 +9.5%
Deposit Account 140 131 +6.9%
Deposit Account · Commercial Bank 44 40 +10.0%
Deposit Account · Retail Bank 95 90 +5.6%
Fiduciary And Trust 184 175 +5.1%
Fiduciary And Trust · Commercial Bank 1 0
Fiduciary And Trust · Institutional Services and Wealth Management 183 175 +4.6%
Product And Service Other 19 15 +26.7%
Product And Service Other · Commercial Bank 9 6 +50.0%
Product And Service Other · Institutional Services and Wealth Management 2 2 0.0%
Product And Service Other · Retail Bank 8 7 +14.3%
Show Business Segments breakouts
Commercial Bank 76 67 +13.4%
Institutional Services and Wealth Management 218 207 +5.3%
Retail Bank 126 118 +6.8%
Income Before Taxes 971 882 +10.1%
Show Business Segments breakouts
All Other Segments · Operating Segments 70 -71 +198.6%
Commercial Bank · Operating Segments 290 310 -6.5%
Institutional Services and Wealth Management · Operating Segments 150 169 -11.2%
Retail Bank · Operating Segments 461 474 -2.7%
Show Consolidation Items breakouts
Operating Segments 971 882 +10.1%
Income Tax Expense (Benefit) 212 201 +5.5%
Show Business Segments breakouts
All Other Segments · Operating Segments -20 -48 +58.3%
Commercial Bank · Operating Segments 76 84 -9.5%
Institutional Services and Wealth Management · Operating Segments 39 43 -9.3%
Retail Bank · Operating Segments 117 122 -4.1%
Show Consolidation Items breakouts
Operating Segments 212 201 +5.5%
Net Income 759 681 +11.5%
Show Business Segments breakouts
All Other Segments · Operating Segments 90 -23 +491.3%
Commercial Bank · Operating Segments 214 226 -5.3%
Institutional Services and Wealth Management · Operating Segments 111 126 -11.9%
Retail Bank · Operating Segments 344 352 -2.3%
Comprehensive Income 759 544 +39.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 0 -137 +100.0%
Retained Earnings 759 681 +11.5%
Other Comprehensive Income (Q)
Show Equity Components breakouts
Accumulated Other Comprehensive Income 0 -137 +100.0%
EPS (Basic) 4.69 3.88 +20.9%
EPS (Diluted) 4.66 3.86 +20.7%
Wtd Avg Shares (Basic) -1,756 -215 -716.7%
Wtd Avg Shares (Diluted) -1,712 -118 -1350.8%
Brokerage Commissions Revenue 34 30 +13.3%
Interest And Dividend Income Operating 2,637 2,707 -2.6%
Interest Expense Operating 858 979 -12.4%
Marketing And Advertising Expense 32 30 +6.7%
Occupancy Net 134 133 +0.8%
Other Noninterest Expense 151 168 -10.1%
Professional Fees 105 80 +31.2%
Net Income Loss Available To Common Stockholders Basic 718 644 +11.5%
Noninterest Expense 1,379 1,363 +1.2%
Noninterest Income 696 657 +5.9%
Show Business Segments breakouts
All Other Segments · Operating Segments 29 61 -52.5%
Commercial Bank · Operating Segments 208 185 +12.4%
Institutional Services and Wealth Management · Operating Segments 229 207 +10.6%
Retail Bank · Operating Segments 230 204 +12.7%
Show Consolidation Items breakouts
Operating Segments 696 657 +5.9%
Interest Income Expense Net 1,779 1,728 +3.0%
Show Business Segments breakouts
All Other Segments · Operating Segments 83 -55 +250.9%
Commercial Bank · Operating Segments 553 560 -1.2%
Institutional Services and Wealth Management · Operating Segments 155 183 -15.3%
Retail Bank · Operating Segments 988 1,040 -5.0%
Show Consolidation Items breakouts
Operating Segments 1,779 1,728 +3.0%
Labor And Related Expense 809 790 +2.4%
Show Business Segments breakouts
All Other Segments · Operating Segments 340 324 +4.9%
Commercial Bank · Operating Segments 156 158 -1.3%
Institutional Services and Wealth Management · Operating Segments 111 107 +3.7%
Retail Bank · Operating Segments 202 201 +0.5%
Preferred Stock Dividends Income Statement Impact -39 -35 -11.4%
Income Loss From Equity Method Investments (Q)
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Bayview Lending Group · Other Revenues From Operations 0 23 -100.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents (Q)
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 1,588 1,749 -9.2%
Fair Value Inputs Level2 113 160 -29.4%
Show Consolidated Entities breakouts
Parent Company 3,790 3,643 +4.0%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 1,701 1,909 -10.9%
Estimate Of Fair Value Fair Value Disclosure 1,701 1,909 -10.9%
Non-Current Assets
Property, Plant & Equipment 1,629 1,705 -4.5%
Operating Lease Right-of-Use Assets 544 569 -4.4%
Goodwill 8,465 8,465 0.0%
Show Business Segments breakouts
Commercial Bank 5,076
Institutional Services and Wealth Management 300
Retail Bank 3,089
Intangible Assets 64 94 -31.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Core Deposits 54 87 -37.9%
Other Intangible Assets 10 7 +42.9%
Total Assets 213,510 208,105 +2.6%
Show Consolidated Entities breakouts
Parent Company 36,152 34,326 +5.3%
Variable Interest Entity Primary Beneficiary 10.7 10.5 +1.9%
Non-Current Liabilities
Long-Term Debt 10,911 12,605 -13.4%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 11,179 12,754 -12.3%
Show Legal Entity breakouts
M&T 6,733 5,143 +30.9%
M&T Bank 4,178 7,462 -44.0%
Show Consolidated Entities breakouts
Parent Company 6,733 5,143 +30.9%
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 10,911 12,605 -13.4%
Estimate Of Fair Value Fair Value Disclosure 11,179 12,754 -12.3%
Total Liabilities 184,333 179,078 +2.9%
Show Consolidated Entities breakouts
Parent Company 6,975 5,299 +31.6%
Stockholders' Equity
Common Stock 90 90 0.0%
Additional Paid-In Capital 10,011 9,999 +0.1%
Retained Earnings 20,882 19,079 +9.5%
Accumulated Other Comprehensive Income 277 -164 +268.9%
Total Stockholders' Equity 29,177 29,027 +0.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 61 98 -37.8%
Accumulated Gain Loss Net Cash Flow Hedge Parent 67 -101 +166.3%
Accumulated Net Unrealized Investment Gain Loss 155 -153 +201.3%
Accumulated Other Comprehensive Income 277 -164 +268.9%
Additional Paid In Capital 10,011 9,999 +0.1%
Common Stock 90 90 0.0%
Other -6 -8 +25.0%
Preferred Stock 2,834 2,394 +18.4%
Retained Earnings 20,882 19,079 +9.5%
Treasury Stock Common -4,917 -2,371 -107.4%
Show Consolidated Entities breakouts
Parent Company 29,177 29,027 +0.5%
Total Liabilities & Equity 213,510 208,105 +2.6%
Show Consolidated Entities breakouts
Parent Company 36,152 34,326 +5.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation & Amortization 80 81 -1.2%
Show Business Segments breakouts
All Other Segments · Operating Segments 50 53 -5.7%
Commercial Bank · Operating Segments 10 10 0.0%
Institutional Services and Wealth Management · Operating Segments 2 3 -33.3%
Retail Bank · Operating Segments 60 63 -4.8%
Show Consolidation Items breakouts
Operating Segments 122 129 -5.4%
Deferred Income Taxes 20 -14 +242.9%
Net Cash from Operations 523 1,676 -68.8%
Investing Activities
Purchases of Investments -878 -3,320 +73.6%
Other Investing Activities -179 -689 +74.0%
Net Cash from Investing -3,832 -6,903 +44.5%
Financing Activities
Share Repurchases -502 -198 -153.5%
Net Cash from Financing 1,255 -4,276 +129.3%
Supplemental
Income Taxes Paid 215 -4 +5475.0%
Interest Paid 802 1,025 -21.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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