BUFFALO, N.Y., April 24, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the RBC Capital Markets US Banks Fixed Income Investor Symposium. Representatives of M&T will meet with investors in New York City on April 30, Chicago on May 1 and virtually on May 2. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the eastern U.S. fr ...

One M&T Plaza, Buffalo, NY 14203 April 15, 2024 M&T Bank Corporation (NYSE:MTB) announces first quarter 2024 results Exhibit 99.1 News Release (1) March 31, 2024 CET1 capital ratio is estimated. Financial Highlights Chief Financial Officer Commentary "We are off to a solid start in 2024 as we were able to grow certain sectors of our commercial and consumer loan portfolios, while continuing to shrink our commercial real estate exposure. Expenses were prudently managed in the recent quarter and our selective ...

Financial Position - As of December 31, 2023, M&T had consolidated total assets of $208.3 billion, deposits of $163.3 billion, and shareholders' equity of $27.0 billion[13]. - M&T Bank, representing over 99% of consolidated assets, had total assets of $207.8 billion, deposits of $167.3 billion, and shareholders' equity of $25.7 billion as of December 31, 2023[17]. - The combined total assets and shareholders' equity of the equipment leasing and financing services subsidiaries acquired from People's United was $6.6 billion and $440 million, respectively, at December 31, 2023[28]. - Wilmington Trust Company had total assets of $1.1 billion and revenues of $142 million in 2023[24]. - M&T Securities recorded $13 million of revenue in 2023, with total assets of $56 million and shareholders' equity of $55 million as of December 31, 2023[20]. - Wilmington Trust, N.A. had total assets of $683 million and deposits of $6 million as of December 31, 2023[19]. Acquisition and Expansion - Following the acquisition of People's United on April 1, 2022, M&T expanded its geographical footprint and expects benefits from greater geographical diversity and scale[15]. - The company intends to continue pursuing acquisition opportunities to complement its business and geographic reach[16]. - M&T's subsidiaries include various entities providing investment advisory services, with combined revenues of $449 million for the equipment leasing and financing services subsidiaries in 2023[28]. Capital and Regulatory Requirements - M&T's SCB (Stress Capital Buffer) of 4.0% became effective on October 1, 2023, resulting in a CET1 capital requirement of 8.5%[55]. - M&T is classified as a Category IV BHC, which subjects it to less stringent liquidity risk management and reporting requirements compared to higher categories[60]. - The proposed capital framework revisions would require Category IV firms, including M&T, to include all accumulated other comprehensive income components in regulatory capital starting July 1, 2028[45]. - M&T's minimum capital ratios include 4.5% CET1 to RWA, 6.0% Tier 1 capital to RWA, and 8.0% Total capital to RWA[50]. - The Federal Reserve conducts supervisory stress tests for Category IV firms biennially, with M&T participating in the 2023 test due to its acquisition of People's United[53]. - M&T's ability to make capital distributions is contingent on maintaining its SCB above minimum CET1 risk-based, Tier-1 risk-based, and total risk-based capital requirements[58]. - The capital conservation buffer for M&T's bank subsidiaries is set at 2.5% of RWA[48]. - M&T's capital plans must be submitted annually, incorporating various economic scenarios and ensuring capital adequacy[56]. - The Tailoring Rules exempt Category IV firms from LCR and NSFR requirements, focusing instead on enhanced liquidity standards[60]. - M&T's regulatory capital ratios are subject to adjustments based on risk weights assigned to its assets and off-balance sheet items[46]. Special Assessments and Insurance - The FDIC finalized a rule imposing a special assessment to recover approximately $16.3 billion in costs related to certain failed banks, with M&T's estimated total assessments at $197 million[74]. - The special assessments will be collected at an annual rate of approximately 13.4 basis points per year over eight quarters in 2024 and 2025, starting January 1, 2024[74]. - The FDIC increased initial base deposit insurance assessment rates by 2 basis points starting in 2023 to restore the DIF reserve ratio to meet or exceed the statutory minimum of 1.35% by September 30, 2028[73]. Compliance and Regulatory Environment - The Dodd-Frank Act requires federal bank regulatory agencies to establish regulations prohibiting excessive incentive-based payment arrangements for entities with at least $1 billion in total assets, including M&T[78]. - M&T Bank submitted its most recent resolution plan to the FDIC in November 2022, following the FDIC's requirement for IDIs with $50 billion or more in total assets to submit periodic plans for resolution[82]. - The FDIC proposed amendments to resolution planning requirements for IDIs with $100 billion or more in total assets, requiring submission on a two-year cycle[83]. - The FDIC's risk-based premium assessment system determines assessment rates based on average total assets minus average tangible equity, with larger institutions like M&T using performance and loss-severity scores[71]. - Institutions categorized as undercapitalized must submit a capital restoration plan to their federal banking regulator, with restrictions on increasing total assets and accepting brokered deposits[68]. - The Federal Reserve may not approve transactions that would result in a monopoly or substantially lessen competition in the banking sector[76]. - The Federal Reserve proposed a rule requiring Category II through IV BHCs and IDIs with $100 billion or more in consolidated assets to maintain eligible long-term debt equal to the greatest of 6% of RWAs, 3.5% of total consolidated assets, or 2.5% of total leverage exposure[84]. - The FDIC has the authority to transfer assets and liabilities of an insolvent IDI to a new depository institution without creditor approval, which could impact the treatment of debt holders[85]. - Under the Dodd-Frank Act, the FDIC may be appointed as receiver for systemically important financial companies, allowing for liquidation if the institution is in default or poses a risk to financial stability[87]. Consumer and Market Regulations - The proposed rule by the CFPB on October 19, 2023, would require banks to make consumer data available upon request, enhancing consumer control over financial data[100]. - The Federal Reserve proposed amendments to interchange fees, reducing the maximum permissible fee for debit transactions from 21 cents to 14.4 cents, with an increase in fraud prevention adjustments[101]. - The CFPB proposed a rule on January 17, 2024, that would reform overdraft practices, potentially increasing compliance costs for banks with over $10 billion in assets[102]. Community Engagement and Workforce - M&T Bank currently holds an "Outstanding" CRA rating from both the Federal Reserve and NYSDFS, indicating strong performance in meeting community credit needs[105]. - The final rule to modernize CRA regulations will take effect on April 1, 2024, with certain compliance provisions starting as late as January 1, 2027[106]. - As of December 31, 2023, the company employed 22,223 full-time and part-time employees, with approximately 46% located in New York[117]. - The average tenure of the company's employees is 9.6 years, while the average tenure of executive officers is 17.0 years[118]. - In 2023, 44% of total corporate hires were people of color, and 55% were women, reflecting the company's commitment to diversity[120]. - The company conducted 18 "Annual Engagement Surveys" since 2001, with average participation rates around 90%[122]. - In 2023, M&T employees volunteered approximately 249,000 hours and served on the boards of 946 not-for-profit organizations[123]. - The company has a talent acquisition strategy that includes an Employee Referral Program, which accounted for 19% of new hires in 2023[119]. Risk Factors - The company faces extensive competition from various financial services entities, including fintech companies that offer traditional banking products[127]. - The financial services industry is highly competitive, which could adversely affect the Company's revenue and profitability[135]. - Economic conditions, including inflationary pressures and geopolitical uncertainties, may negatively impact the Company's business and financial performance[138]. - The Federal Reserve raised benchmark interest rates in 2022 and 2023, which could materially affect the Company's profitability and the value of its assets and liabilities[141]. - A decrease in demand for loans and other products could result from poor economic conditions, impacting net interest income and overall financial performance[139]. - The Company's core banking business is concentrated in the Northeast and Mid-Atlantic regions, making it vulnerable to adverse economic changes in those areas[147]. - The Company faces operational risks, including potential cybersecurity breaches, which could lead to reputational damage and financial exposure[135]. - Changes in accounting standards and management's accounting methods could impact the Company's reported financial condition and results of operations[135]. - The Company is subject to extensive government regulation, and failure to comply could result in significant penalties and reputational damage[152]. - Volatility in debt and equity markets can significantly affect the Company's performance, particularly due to its financial asset and liability structure[145]. - The discontinuation of benchmark rates could adversely impact the Company's business and operational results[148]. - M&T's capital and liquidity requirements may become more stringent due to regulatory changes, potentially limiting its business activities and ability to return capital to shareholders[157]. - M&T's reliance on core customer deposits as a stable funding source may be challenged by increased competition and rising interest rates, potentially raising funding costs[177]. - The company maintains an allowance for credit losses, reflecting expected losses in its loan portfolio, but there is no assurance that this allowance will cover all potential credit losses[169]. - Regulatory changes following the failures of large banks in 2023 may lead to revised liquidity requirements for M&T, impacting its competitive position[175]. - M&T's ability to return capital to shareholders is contingent upon meeting capital ratios exceeding specified minimum levels and regulatory approvals[160]. - The company faces credit risk from deteriorating credit quality, influenced by economic conditions and real estate valuations, particularly in commercial and residential sectors[165]. - M&T's liquidity could be adversely affected by negative market conditions or reputational damage, leading to potential loss of customer deposits[174]. - The company relies on dividends from its subsidiaries for liquidity, which are subject to regulatory limitations and could impact its ability to pay dividends on its stock[180]. Operational and Cybersecurity Risks - The Company faces challenges in obtaining regulatory approval for acquisitions, which may delay or prevent the realization of expected benefits from such transactions[184]. - Integration risks from acquisitions, such as the People's United acquisition in April 2022, could adversely impact the Company's business and financial condition[185]. - The Company is competing for skilled personnel against less regulated financial technology providers, which may increase recruitment and compensation costs[186]. - The Company's compensation practices are subject to regulatory oversight, and changes in these regulations could affect its ability to attract and retain qualified employees[187]. - Operational risks, including human error, fraud, and data security breaches, could create significant legal and financial exposure for the Company[188][189]. - Cybersecurity threats have increased significantly, with potential impacts on customer confidence and operational costs due to breaches or attacks[191][194]. - The Company has experienced incidents involving third-party vendors that compromised customer information, highlighting vulnerabilities in its security measures[193]. - The reliance on cloud service providers introduces additional risks, including system failures and cybersecurity attacks, which could adversely affect the Company's operations[195]. - The Company is subject to privacy laws, and non-compliance could lead to liability and reputational damage[200]. - The Company is subject to various privacy and data protection laws, which may impose operational burdens and increase risks associated with customer data usage[201]. - Compliance with privacy-related laws may significantly increase the time and resources needed for the Company, impacting its management of personal data[202]. - The Company relies on third-party service providers for key business infrastructure, and any disruption in their services could adversely affect operations[203]. - The Company may not be fully insured against losses from third-party failures, which could lead to increased operational costs[204]. Legal and Accounting Risks - Legal proceedings and regulatory inquiries could result in significant civil or criminal penalties, adversely impacting the Company's financial condition[207]. - The Company establishes accruals for legal proceedings but may face higher ultimate losses than accrued amounts due to the unpredictability of legal outcomes[208]. - Changes in accounting standards could materially impact the Company's reported financial condition and results of operations[209]. - Management's selection of accounting methods and estimates may lead to material losses if underlying assumptions are incorrect[210]. - The Company's quantitative models for business planning may perform poorly, leading to inadequate information for decision-making[212].

This presentation may contain forward-looking statements regarding M&T Bank Corporation ("M&T") within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the Securities and Exchange Commission ("SEC"). Any statement that does not describe historical or current facts is a forward-looking statement, including statements based on current expectations, estimates and projections about M&T's business, and management's beliefs and assumptions. cost/financial risks ...

M&T Bank Corporation (NYSE:MTB) Q4 2023 Earnings Conference Call January 18, 2024 8:00 AM ET Company Participants Brian Klock - Investor Relations Daryl Bible - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Gerard Cassidy - RBC Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Frank Schiraldi - Piper Sandler Erika Najarian - UBS Bill Carcache - Wolfe Research Brian Foran - Autonomous Steven Alexopoulos - JPMorgan Ken Usd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9861 (Exact name of registrant as specified in its charter) New York 16-0968385 (State or other jurisdiction of incorporation or organization) One M & T Plaza Buffalo, New ...

| --- | --- | |----------------------------------------------------|-------| | | | | Earnings Results 3rd Quarter 2023 OCTOBER 18, 2023 | | Disclaimer 2 This presentation may contain forward-looking statements regarding M&T Bank Corporation ("M&T") within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the Securities and Exchange Commission ("SEC"). Any statement that does not describe historical or current facts is a forward-looking statement, including ...

Financial Data and Key Metrics Changes - M&T's net operating income for Q3 2023 was $702 million, with diluted net operating earnings per share at $4.05, and a net operating return on tangible common equity of 17.41% [7] - Taxable equivalent net interest income decreased to $1.79 billion, down $23 million from the previous quarter, with a net interest margin of 3.79%, down 12 basis points [8] - Non-interest expenses were $1.28 billion, down $15 million from the linked quarter, resulting in an efficiency ratio of 53.7% [12] Business Line Data and Key Metrics Changes - Average loans and leases decreased by 1% to $132.6 billion, with C&I loans slightly increasing to $44.6 billion, while average CRE loans decreased by 2% to $44.2 billion [9] - Average investment securities decreased to $28 billion, with cash held at the Fed and investment securities totaling $59.2 billion, representing 28% of total assets [10] - Non-interest income totaled $560 million, down from $803 million in the linked quarter, primarily due to the absence of gains from the sale of the CIT business [32] Market Data and Key Metrics Changes - Average total deposits grew by $3.3 billion, with average customer deposits increasing by $1 billion, although demand deposits declined by $2.3 billion [31] - The allowance for credit losses increased to $2.1 billion, with net charge-offs at $96 million, down from $127 million in the linked quarter [33] Company Strategy and Development Direction - M&T Bank emphasizes a purpose-driven approach, focusing on local scale and community engagement to drive organic growth and enhance customer experience [4][5] - The company is committed to managing expenses diligently while navigating a competitive deposit environment and maintaining strong liquidity [27][38] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about economic growth slowing but remaining positive, anticipating that inflation pressures will continue to decrease [15] - The outlook for average loan growth is expected to be slightly higher than the Q3 level, with anticipated declines in CRE and residential mortgages [16] Other Important Information - M&T's CET1 ratio at the end of September was estimated at 10.94%, an increase from 10.59% at the end of the previous quarter [14] - The company has invested over $230 million in renewable energy and improved its ESG ratings [6] Q&A Session Summary Question: Criteria for Resuming Buybacks - Management indicated that the decision to resume buybacks will depend on economic stability and regulatory clarity, emphasizing a cautious approach due to current market conditions [21][42] Question: Impact of Higher Rates on Customers - Management acknowledged that higher rates are challenging for customers, but they are actively monitoring portfolios and maintaining strong relationships to support clients [56][82] Question: Outlook for Loan Loss Reserves - Management noted that the increase in reserves was driven by softness in asset values in the CRE portfolio, with ongoing assessments to ensure adequate reserves [117][125]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-9861 M&T BANK CORPORATION (Exact name of registrant as specified in its charter) New York 16-0968385 (State or other jurisdiction of incorp ...

M&T Bank Corporation (NYSE:MTB) Q2 2023 Earnings Conference Call July 19, 2023 8:00 AM ET Company Participants Brian Klock - Head of Markets and Investor Relations Daryl Bible - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Manan Gosalia - Morgan Stanley Matthew O'Connor - Deutsche Bank Steven Alexopoulos - JPMorgan Gerard Cassidy - RBC Brent Erensel - Portales Partners Kenneth Usdin - Jefferies Ebrahim Poonawala - Bank of America Frank Schiraldi - Piper Sandler Mi ...