Financial Performance - Revenues grew by 4% year-over-year to $2.3 billion[32] - Pre-Provision Net Revenue (PPNR) increased by 4% year-over-year to $1.1 billion[32] - Diluted Earnings Per Share (EPS) increased by 13% year-over-year[32] - Diluted net operating EPS increased 6% year-over-year to $4.05[36] - Net Interest Margin decreased by 12 bps quarter-over-quarter to 3.79%[38] Balance Sheet - Average loans decreased by 1% quarter-over-quarter, a decrease of $0.9 billion[51] - Commercial & Industrial (C&I) loans increased slightly by $94 million quarter-over-quarter[51] - Commercial Real Estate (CRE) loans declined by 2%, a decrease of $714 million quarter-over-quarter[51] - Residential mortgage loans decreased by 1%, a decrease of $208 million quarter-over-quarter[51] - Tangible book value per share grew by 3% quarter-over-quarter to $93.99[36] ESG Commitment - $231.6 million invested in the renewable energy sector[28] - 13% reduction in electricity consumption since 2019[28]

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 ...

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 March 31, 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 incorporation or organization) (I.R.S. Emp ...

M&T Bank Corporation (NYSE:MTB) Q1 2023 Results Conference Call April 17, 2023 11:00 AM ET Company Participants Brian Klock - Head of Markets & Investor Relations Darren King - Chief Financial Officer Conference Call Participants Ebrahim Poonawala - BofA Securities Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Dave Rochester - Compass Point Bill Carcache - Wolfe Research Matthew O'Connor - Deutsche Bank Ken Usdin - Jefferies Gerard Cassidy - RBC Capital Markets Steven Alexopoulos - JPMorgan Bri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 of incorporation) (I.R.S. Employer Identification No.) One M&T Plaza, Bu ...

M&T Bank Corporation (NYSE:MTB) Q4 2022 Earnings Conference Call January 19, 2023 11:00 AM ET Company Participants Brian Klock - Head of Markets & Investor Relations Darren King - Chief Financial Officer Conference Call Participants Matthew O'Connor - Deutsche Bank John Pancari - Evercore ISI Ebrahim Poonawala - BofA Securities Manan Gosalia - Morgan Stanley Ken Usdin - Jefferies Steven Alexopoulos - JPMorgan Gerard Cassidy - RBC Capital Markets Operator Welcome to the M&T Bank Fourth Quarter and Full Y ...

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, 2022 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 incorporation or organization) One M & ...

M&T Bank Corporation (NYSE:MTB) Q3 2022 Earnings Conference Call October 19, 2022 11:00 AM ET Company Participants Brian Klock - Head of Markets & Investor Relations Darren King - Chief Financial Officer Conference Call Participants Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Ken Usdin - Jefferies Erika Najarian - UBS Bill Carcache - Wolfe Research Gerard Cassidy - RBC Capital Operator Welcome to the M&T Bank Third Quarter 2022 Earnings Conference Call. All lines have been placed on ...