M&T Bank Corporation (NYSE:MTB) Q1 2021 Earnings Conference Call April 19, 2021 11:00 AM ET Company Participants Don MacLeod - Director of Investor Relations Ren?? Jones - Chief Executive Officer Michael Spychala - Corporate Controller Conference Call Participants Ken Zerbe - Morgan Stanley John Pancari - Evercore ISI Dave Rochester - Compass Point Gerard Cassidy - RBC Matt O'Connor - Deutsche Bank Bill Carcache - Wolfe Research Peter Winter - Wedbush Securities Ken Usdin - Jeffries Erika Najarian - Bank of ...

Summary of M&T Bank and People's United Merger Announcement Conference Call Industry and Company Overview - **Industry**: Banking and Financial Services - **Companies Involved**: M&T Bank Corporation (NYSE: MTB) and People's United Financial Core Points and Arguments 1. **Merger Announcement**: M&T Bank Corporation and People's United Financial announced a definitive merger agreement, which is expected to create the 11th largest U.S. commercial bank holding company by assets and market capitalization [doc id='7'][doc id='29'] 2. **Geographic Footprint**: The combined company will have a significant presence in the Northeast and Mid-Atlantic regions, covering over 20% of the U.S. population and 25% of GDP, with a compact branch network [doc id='8'][doc id='16'] 3. **Complementary Strengths**: The merger is seen as a strategic move to leverage complementary strengths, including deposit shares, product offerings, and credit cultures, enhancing the overall stability and growth potential of the combined entity [doc id='9'][doc id='10'] 4. **Financial Metrics**: The transaction is expected to be immediately accretive to tangible book value per share, with double-digit EPS accretion anticipated on a fully phased-in basis and an internal rate of return (IRR) above 18% [doc id='12'][doc id='18'] 5. **Cultural Alignment**: Both organizations share a commitment to customer service and community involvement, which is expected to enhance the combined company's reputation and operational efficiency [doc id='11'][doc id='27'] Additional Important Content 1. **Transaction Structure**: The merger will involve a 100% stock consideration, with People's United shareholders receiving 0.118 shares of M&T common stock for each People's United share [doc id='13'] 2. **Cost Savings and Synergies**: The merger is projected to generate approximately $330 million in cost savings, with potential for additional savings as operations are integrated [doc id='52][doc id='54'] 3. **Credit Quality**: Both banks have maintained strong credit quality, with lower credit losses compared to peers, which is expected to result in a modest credit mark during the merger [doc id='23'] 4. **Community Commitment**: M&T has a long-standing commitment to community development, with significant charitable contributions and employee volunteerism, which will continue post-merger [doc id='27][doc id='28'] 5. **Market Positioning**: The merger is positioned as a growth opportunity rather than merely a cost-cutting exercise, with plans to expand services and product offerings to existing customer bases [doc id='55][doc id='59] Conclusion The merger between M&T Bank and People's United Financial is framed as a strategic growth opportunity that enhances market presence, operational efficiency, and community commitment while maintaining strong financial metrics and credit quality. The integration is expected to yield significant synergies and cost savings, positioning the combined entity for long-term success in the banking sector.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K M&T BANK CORPORATION (Exact name of registrant as specified in its charter) New York 16-0968385 (State of incorporation) (I.R.S. Employer Identification No.) One M&T Plaza, Buffalo, New York 14203 (Address of principal executive of ices) (Zip Code) Registrant's telephone number, including area code: 716-635-4000 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Regis ...

M&TBank Partnership of Leading, High-Performing Superregional Banks February 22, 2021 Cautionary Note Regarding Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on current expectations, estimates and projections about M&T Bank Corporation's ( ...

Peo J-k ® Fourth Quarter and Full Year 2020 Results PBCT Nasdaq Listed January 21, 2021 Forward-Looking Statement Certain statements contained in this presentation are forward-looking in nature. These include all statements about People's United Financial, Inc. ("People's United") plans, objectives, expectations and other statements that are not historical facts, and usually use words such as "expect," "anticipate," "believe," "should" and similar expressions. Such statements represent management's current ...

People's United Financial, Inc. (PBCT) Q4 2020 Earnings Conference Call January 21, 2021 5:00 PM ET Company Participants Andrew Hersom - Senior Vice President of Investor Relations Jack Barnes - Chairman and Chief Executive Officer David Rosato - Chief Financial Officer Kirk Walters - Corporate Development and Strategic Planning Jeff Tengel - President Jeff Hoyt - Chief Accounting Officer Conference Call Participants Elan Zanger - Jefferies Dave Rochester - Compass Point Mark Fitzgibbon - Piper Sandler Chri ...

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, 2020 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 incorporation or organization) One M & T Plaza Buffalo, New York 14203 (Address of principal executive offices) (Zip Code) (I.R.S. E ...

People???s United Financial, Inc. (PBCT) Q3 2020 Earnings Conference Call October 22, 2020 5:00 PM ET Company Participants Andrew Hersom ??? Senior Vice President of Investor Relations Jack Barnes ??? Chairman and Chief Executive Officer David Rosato ??? Chief Financial Officer Jeff Tengel ??? President Conference Call Participants John LaViola ??? Piper Sandler Ken Zerbe ??? Morgan Stanley Dave Rochester ??? Compass Point Chris McGratty ??? KBW Steven Duong ??? RBC Capital Brock Vandervliet ??? UBS Matthew ...

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 June 30, 2020 New York 16-0968385 (State or other jurisdiction of incorporation or organization) One M & T Plaza Buffalo, New York 14203 or (I.R.S. Employer Identification No.) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices) ...

People's United Financial Inc. (PBCT) Q2 2020 Earnings Conference Call July 23, 2020 5:00 PM ET Company Participants Andrew Hersom - Senior Vice President of Investor Relations Jack Barnes - Chairman and Chief Executive Officer David Rosato - Chief Financial Officer Jeff Tengel - President Conference Call Participants Ken Zerbe - Morgan Stanley Dave Rochester - Compass Point Jared Shaw - Wells Fargo Alex Wall - JP Morgan Steven Duong - RBC Capital Markets William Wallace - Raymond James Collyn Gilbert - KBW ...