Interprétation IA fondée sur des extraits vérifiés. Les déclarations de l’entreprise et les limites de couverture restent explicites.
Preuves
The Company’s domestic banking network is its principal source of core deposits, which generally carry lower interest rates than wholesale funds of comparable maturities.
Funding activities—deposits; domestic network and wholesale funding comparison · Dépôt 18/02/2026
Average core deposits represented 78% of average earning assets in 2025, compared with 77% in 2024.
Funding activities—deposits; core deposits relative to earning assets · Dépôt 18/02/2026
14 Balance Sheet – Average Deposits QoQ Drivers Average deposits increased +$3.3 billion QoQ: – Time deposits increased +$1.2 billion – Savings and interest-checking deposits increased +$2.2 billion – Average noninterest-bearing deposits decreased -$256 million Higher interest-bearing deposits supported loan growth and reduced reliance on higher-cost short-term borrowings which declined -$2.8 billion on average.
Page 14; average deposit growth and borrowing replacement · Dépôt 16/10/2026
Interest-bearing deposit cost increased +10 bps – September interest rate hike +2 bps – Growth and repricing of time deposits +4 bps – Growth in other interest-bearing deposit products +4 bps $ IN B IL LI O N S $44.0 $44.2 $44.6 $43.9 $43.7 $104.7 $107.2 $106.6 $105.8 $108.0 $13.9 $13.5 $13.0 $13.8 $15.1 $162.6 $164.9 $164.2 $163.5 $166.8 Noninterest-bearing Deposits Savings and Interest-checking Deposits Time Deposits Total Deposits 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Total deposit cost 1.72% 1.59% 1.43% 1.42% 1.52% Interest-bearing deposit cost 2.36% 2.17% 1.97% 1.95% 2.05% Strong Deposit Growth to Fund Growing Loan Portfolio
Page 14; deposit costs, repricing drivers and deposit mix · Dépôt 16/10/2026
M&T Peer Group PNC Financial Services Group, Inc.
Appendix; named peer group · Dépôt 14/09/2026
Fifth Third Bancorp Regions Financial Corporation First Citizens BancShares, Inc.
Appendix; named peer group · Dépôt 14/09/2026
11 • Capital levels strong with CET1 capital ratio of 10.16%(2) • Repurchased $323 million(3) of common shares in 3Q26 Change 3Q26 vs Average Balances, $ in billions, except per share 3Q26 2Q26 3Q25 2Q26 3Q25 Interest-bearing Deposits at Banks $14.2 $15.1 $17.7 -6% -20% Investment Securities 38.6 38.7 36.6 — 5 Loans Held for Sale 0.7 0.8 0.6 -12 7 Commercial and Industrial (“C&I”) 65.9 65.9 61.7 — 7 Commercial Real Estate (“CRE”) 24.9 23.2 24.0 7 4 Residential Real Estate ("RRE") 25.2 24.9 24.1 1 4 Consumer 27.3 26.7 26.1 2 5 Total Loans 143.3 140.7 135.9 2 5 Earning Assets 196.7 195.2 190.9 1 3 Deposits 166.8 163.5 162.6 2 3 Borrowings 19.2 20.8 15.6 -8 23 Common Shareholders’ Equity 25.4 25.5 26.2 — -3 As of Quarter End Common Shareholders' Equity per Share $174.95 $176.03 $170.43 -1% 3% Tangible Equity per Common Share(1) 115.88 117.41 115.31 -1 — Tangible Common Equity / Tangible Assets(1) 7.85 % 8.07 % 8.79 % -22 bps -94 bps Common Equity Tier 1 ("CET1") Capital Ratio 10.16 10.19 10.99 -3 bps -83 bps Balance Sheet – Overview Note: (1) See Appendix for reconciliation of GAAP with these non-GAAP measures.
Page 11; average balance sheet and capital comparisons · Dépôt 16/10/2026
If competitors are slow to reduce rates they pay on deposits, the Company’s funding costs could be adversely impacted, either because the Company could be forced to hold rates higher to avoid losing deposits or the Company loses deposits and must rely on more expensive sources of funding.
Liquidity risk; competitive constraints on deposit repricing · Dépôt 18/02/2026
The Company has and may continue to experience pricing pressures as a result of these factors and as some of its competitors seek to increase market share.
Competition risk; experienced and potential pricing pressures · Dépôt 18/02/2026
We are a coast-to-coast franchise and our full suite of commercial products and services is offered nationally.
PNC Corporate & Institutional Banking; national commercial capabilities · Dépôt 20/02/2026
This includes a variety of checking, savings and money market accounts, wealth management solutions, payments and commerce solutions, securities products and services, insurance services and credit products such as commercial loans and leases, mortgage loans, credit cards, installment loans and other lending products.
Fifth Third business; deposit, wealth, payments and credit offerings · Dépôt 24/02/2026
Service charges on deposit accounts for the first six months of 2026 increased $13 million as compared with the first six months of 2025 reflecting higher commercial service charges that resulted from pricing changes and increased customer usage of sweep products, and higher consumer service charges.
Other income; first-half deposit service charges and pricing changes · Dépôt 04/08/2026
Typically, the Company’s contracts with customers have a duration of one year or less and payment for services is received at least annually, but oftentimes more frequently as services are provided.
Note 7; duration of service contracts · Dépôt 04/08/2026
Possible actions include, but are not limited to, changes in the pricing of loan and deposit products, modifying the composition of earning assets and interest-bearing liabilities, and adding to, modifying or terminating existing interest rate swap agreements or other financial instruments used for interest rate risk management purposes.
Market risk; loan and deposit pricing actions available to management · Dépôt 04/08/2026
Stable Net Interest Income Trends with Strong NIM $ IN M IL LI O N S $1,773 $1,790 $1,763 $1,804 $1,805 3.69% 3.70% 3.70% 3.70% 3.65% Net Interest Income (Taxable-equivalent)(1) Net Interest Margin 3Q25 4Q25 1Q26 2Q26 3Q26 QoQ Drivers Taxable-equivalent net interest income(1) increased nominally QoQ: – One additional day and growth in average loans – Lower interest income on nonaccrual loans – Interest-bearing deposit growth Net interest margin narrowed -5 bps to 3.65% QoQ: – Lower nonaccrual interest income (-3 bps) – Higher funding costs offset by asset repricing and net free funds (-2 bps) As expected, net interest margin for the quarter remained strong and reflects: – Customer preference for interest-bearing products in the current environment – Strong deposit growth to reduce higher-cost borrowings
Page 10; net interest income and margin drivers · Dépôt 16/10/2026
•Net interest income decreased $32 million predominantly due to a 45 basis-point narrowing of the net interest margin on deposits, partially offset by higher average balances of those deposits and an increase in average loans.
Institutional Services and Wealth Management; first-half deposit margin · Dépôt 04/08/2026
The higher level of core deposits at June 30, 2026 reflects an increase in savings and interest- - 70 - checking deposits, inclusive of the redesignation of certain brokered deposit arrangements that totaled $4.0 billion at March 31, 2026 as core deposits consistent with regulatory presentation, and growth of noninterest-bearing deposits.
Liquidity risk; core deposit growth and brokered deposit redesignation · Dépôt 04/08/2026
- 7 - M&T Bank Corporation and Subsidiaries Consolidated Statement of Cash Flows (Unaudited) Six Months Ended June 30, (Dollars in millions) 2026 2025 Cash flows from operating activities Net income $ 1,482 $ 1,300 Adjustments to reconcile net income to net cash from operating activities: Provision for credit losses 260 255 Depreciation and amortization of premises and equipment 156 164 Amortization of capitalized servicing rights 18 68 Amortization of core deposit and other intangible assets 16 22 Provision for deferred income taxes 30 (22) Asset write-downs 3 6 Net gain on sales of assets (13) (35) Net change in accrued interest receivable, payable 39 (13) Net change in other accrued income and expense (166) 53 Net change in loans originated for sale 416 (70) Net change in trading account and other non-hedging derivative assets and liabilities 39 (249) Net cash from operating activities 2,280 1,479 Cash flows from investing activities Proceeds from sales: Investment securities available for sale 2,492 — Equity and other securities 740 304 Loans 22 780 Proceeds from maturities: Investment securities available for sale 1,953 2,070 Investment securities held to maturity 611 1,161 Purchases: Investment securities available for sale (6,943) (4,472) Investment securities held to maturity (80) — Equity and other securities (813) (301) Loans (259) (365) Net change in loans (4,942) (1,194) Capital expenditures, net (117) (51) Net change in loan servicing advances (444) (712) Other, net (370) 219 Net cash from investing activities (8,150) (2,561) Cash flows from financing activities Net change in deposits 1,975 3,357 Net change in short-term borrowings 2,465 1,011 Proceeds from long-term borrowings 3,203 2,786 Payments on long-term borrowings (463) (3,165) Redemption of Series G preferred stock (400) — Purchases of treasury stock (1,698) (1,725) Dividends paid — common (445) (438) Dividends paid — preferred (86) (71) Other, net (12) (30) Net cash from financing activities 4,539 1,725 Net change in cash, cash equivalents and restricted cash (1,331) 643 Cash, cash equivalents and restricted cash at beginning of period (a) 18,769 20,782 Cash, cash equivalents and restricted cash at end of period (a) $ 17,438 $ 21,425 Supplemental disclosure of cash flow information Interest received during the period $ 5,277 $ 5,239 Interest paid during the period 1,585 1,744 Income taxes paid during the period 256 150 Supplemental schedule of noncash investing and financing activities Real estate and other foreclosed assets acquired in settlement of loans 8 11 Additions to right-of-use assets under operating leases 135 57 __________________________________________________________________________________ (a)Effective for the year ended December 31, 2025, the Company changed its accounting policy for Cash and cash equivalents to include Interest-bearing deposits at banks.
Consolidated statement of cash flows; first-half earnings, investment, financing and distributions · Dépôt 04/08/2026
Linking 2025 CEO Pay Elements to Performance • 91% variable pay for the 2025 performance year • 72% of variable pay is equity-based deferred LTI subject to multi-year vesting and forfeiture to align shareholder and executive interests • Stock Options vest ratably over three years on the anniversary of the grant date and provide value only if M&T’s common stock price increases from the date that the options are granted • PHSUs vest ratably over three years and are earned based on achievement of an absolute ROTCE performance hurdle each year • PVSUs are earned only to the extent M&T performance objectives are achieved against absolute and relative average ROTCE and ROTA over a three-year period 54 Table of Contents Daryl Bible - Senior Executive Vice President and Chief Financial Officer Mr.
Executive compensation; CEO pay mix and performance vesting · Dépôt 10/03/2026
Year ended 12/31/2025 Year ended 12/31/2024 Year ended 12/31/2023 Income statement data In millions Net income $ 2,851 $ 2,588 $ 2,741 Amortization of core deposit and other intangible assets(a) 32 42 48 Net operating income 2,883 2,630 2,789 Preferred stock dividends (146 ) (134 ) (100 ) Net operating income available to common equity $ 2,737 $ 2,496 $ 2,689 As of 12/31/2025 As of 12/31/2024 As of 12/31/2023 Balance sheet data In millions Average common equity Average total equity $ 28,804 $ 28,052 $ 25,899 Preferred stock (2,468 ) (2,344 ) (2,011 ) Average common equity 26,336 25,708 23,888 Goodwill, core deposit and other intangible assets (8,547 ) (8,585 ) (8,650 ) Deferred taxes 24 33 44 Average tangible common equity $ 17,813 $ 17,156 $ 15,282 Net operating return on average tangible common equity 15.36 % 14.54 % 17.60 % (a) After any related tax effect The company’s three-year average ROTCE of 15.83% for payout of the 2023 PVSU grant was calculated by taking the average ROTCE for each of the three years in the performance period (2023, 2024 and 2025).
Appendix A; annual earnings, reconciled tangible returns and 2023 PVSU calculation · Dépôt 10/03/2026
In determining NEO compensation, the C&HC Committee uses a holistic, performance-guided and balanced discretionary approach, guided by the executive scorecards to evaluate performance against the following quantitative and qualitative factors: Quantitative Factors Qualitative Factors Operating Income Asset quality relative to the banking industry EPS Responsiveness to economic environment Return on Assets Achievement of operating plans Returns to Shareholders Achievement of performance objectives related to talent management and employee engagement Various capital ratios Achievement of performance objectives related to customer satisfaction and customer growth Competitive market compensation data Enterprise leadership and establishment of strategic direction Efficiency ratio Effective risk management and adherence to the risk appetite One of the key components of our executive compensation program is tying pay to company performance.
Compensation discussion; discretionary evaluation and performance factors · Dépôt 10/03/2026
The Board determined that no member of the C&HC Committee has any material relationship with M&T that might interfere with the exercise of the member’s independent judgment and that each member meets the standards of independence established by the SEC and the NYSE, including for compensation committees.
Corporate governance; compensation committee independence · Dépôt 10/03/2026
Each nominee is elected annually by the affirmative vote of the majority of votes cast.
Director elections; annual majority voting · Dépôt 10/03/2026
All extensions of credit were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to M&T or its subsidiary banks, and did not involve more than the normal risk of collectability or present other unfavorable features.
Related-party transactions; insider credit terms · Dépôt 10/03/2026
At the Annual Meeting, shareholders approved all of the Board of Directors’ proposals, which included: (i) the election of twelve (12) directors of M&T, for one-year terms and until their successors have been elected and qualified; (ii) the approval of the 2025 compensation of M&T’s Named Executive Officers; (iii) the approval of the amendment and restatement of the M&T Bank Corporation 2019 Equity Incentive Compensation Plan; and (iv) the ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm of M&T for the year ending December 31, 2026.
Item 5.07; actual election, compensation and equity-plan approval · Dépôt 23/04/2026
8
Third Quarter 2026 Results
Financial Highlights
Three Months Ended
Nine Months Ended
September 30,
September 30,
(Dollars in millions, except per share, shares in thousands)
2026
2025
Change
2026
2025
Change
Performance
Net income
$
775
$
792
-2
%
$
2,257
$
2,092
8
%
Net income available to common shareholders
732
754
-3
2,133
1,981
8
Per common share:
Basic earnings
5.08
4.85
5
14.57
12.41
17
Diluted earnings
5.04
4.82
5
14.48
12.34
17
Cash dividends
1.41
%
Average tangible common equity
17.29
17.13
16.78
15.07
Efficiency ratio
54.4
53.6
55.1
56.3
At September 30,
Loan quality
2026
2025
Change
Nonaccrual loans
$
1,298
$
1,512
-14
%
Real estate and other foreclosed assets
28
37
-26
Total nonperforming assets
$
1,326
$
1,549
-14
Accruing loans past due 90 days or more
$
570
$
432
32
Government guaranteed loans included in totals above:
Nonaccrual loans
81
71
13
Accruing loans past due 90 days or more
556
403
38
Nonaccrual loans to total loans
.90
%
1.11
%
Allowance for loan losses to total loans
1.51
1.59
Additional information
Period end common stock price
$
217.60
$
197.62
10
Full-service domestic banking offices (2)
906
942
-4
Full-time equivalent employees
21,562
22,383
-4
(1) Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related expenses which, except in the calculation of the efficiency ratio, are net
Page 8; quarterly and nine-month earnings · Dépôt 16/10/2026
2Q26
3Q25
Change
3Q26 vs. 3Q25
At end of quarter
Nonaccrual loans
$
1,298
$
1,208
7
%
$
1,512
-14
%
Real estate and other foreclosed assets
28
23
22
37
-26
Total nonperforming assets
1,326
1,231
8
1,549
-14
Accruing loans past due 90 days or more (1)
570
603
-5
432
32
Nonaccrual loans as % of loans outstanding
.90
%
.85
%
1.11
%
Allowance for loan losses
$
2,179
$
2,176
—
$
2,161
1
Allowance for loan losses as % of loans outstanding
1.51
%
1.53
%
1.59
%
Reserve for unfunded credit commitments
$
93
$
95
-2
$
95
-2
For the period
Provision for loan losses
$
130
$
120
8
$
110
18
Provision for unfunded credit commitments
5
—
—
15
-67
Total provision for credit losses
135
120
13
125
8
Net charge-offs
127
80
59
146
-12
Net charge-offs as % of average loans (annualized)
.35
%
.23
%
.42
%
(1)Predominantly government-guaranteed residential real estate.
Asset quality; nonaccruals, provisions and charge-offs · Dépôt 16/10/2026
18 Criticized C&I and CRE Loans Criticized loans increased +$245 million QoQ: – C&I increased +$213 million – Predominantly driven by a loan to an auto leasing company – CRE increased +$32 million – Permanent CRE +$102 million – Construction -$70 million – 97% of criticized accrual loans are current$ IN B IL LI O N S $7.8 $7.3 $6.6 $5.9 $6.1 9.1% 8.4% 7.4% 6.5% 6.6% Criticized Criticized % of C&I and CRE Loans 3Q25 4Q25 1Q26 2Q26 3Q26
Page 18; criticized commercial loans · Dépôt 16/10/2026
6
Third Quarter 2026 Results
Capital and Liquidity
3Q26
2Q26
3Q25
CET1 capital
10.16
%
(1)
10.19
%
10.99
%
Tier 1 capital
11.93
(1)
11.64
12.49
Total capital
13.93
(1)
13.73
14.35
Tangible capital – common
7.85
8.07
8.79
(1)Capital ratios at September 30, 2026 are estimated.
Page 6; estimated September regulatory capital ratios · Dépôt 16/10/2026
Accordingly, at December 31, 2025 M&T is subject to a CET1 capital requirement of 7.2% (a sum of the SCB and the minimum CET1 capital ratio).
Note 22; CET1 minimum plus stress capital buffer · Dépôt 18/02/2026
M&T's current stress capital buffer is 2.7%.
Capital and liquidity; current stress capital buffer · Dépôt 16/10/2026
19 CET1 Capital 10.99% 10.84% 10.33% 10.19% 10.16% 3Q25 4Q25 1Q26 2Q26 3Q26 Tangible Book Value Per Share $115.31 $117.45 $115.96 $117.41 $115.88 3Q25 4Q25 1Q26 2Q26 3Q26 Capital • CET1 capital ratio decreased to 10.16%(1) at the end of 3Q26 • Tangible book value per share decreased -1% to $115.88 reflecting higher unrealized losses on available-for-sale securities in AOCI • AFS and pension-related AOCI would have impacted the CET1 capital ratio by -29 bps at the end of 3Q26 Note: (1) CET1 capital ratio at September 30, 2026 is estimated.
Page 19; capital trend and AOCI sensitivity · Dépôt 16/10/2026
13 Balance Sheet – Securities and Invested Cash Liquidity Coverage Ratio was 107%(1) on September 30, 2026 Duration Pre-tax Unrealized Gain/(Loss) AFS ~3.6 years ($745 million) HTM ~4.5 years ($1,523 million) Total Debt Securities ~4.1 years ($2,268 million) $ IN B IL LI O N S Average Investment Securities and Yield $36.6 $36.7 $37.8 $38.7 $38.6 4.15% 4.19% 4.22% 4.29% 4.33% 3Q25 4Q25 1Q26 2Q26 3Q26 Interest- bearing deposits at banks 27% Other Securities 2% HTM Securities 39% AFS Securities 32% $52.2B TOTAL Securities and Invested Cash at 9/30/26(2) Note: (1) While not subject to the liquidity coverage ratio requirements ("LCR"), M&T estimates that its LCR on September 30, 2026 exceeded the regulatory minimum standards that would be applicable if it were a Category III institution subject to the Category III reduced LCR requirements.
Page 13; securities, invested cash, duration and hypothetical reduced-category LCR · Dépôt 16/10/2026
M&T Bank has access to additional funding sources through secured borrowings from the FHLB of New York and the FRB of New York.
Liquidity risk; access to secured funding · Dépôt 04/08/2026
8 • Revenues increased +1% YoY • Diluted EPS increased +5% YoY • Net Charge-offs % Avg Loans decreased -7 bps YoY Notable items ($ in millions, except per share) 3Q26 2Q26 3Q25 Amt(1) EPS Amt(1) EPS Amt(1) EPS Earnout payment related to 2023 sale of CIT business(2) — — — — $28 $0.14 FDIC Special Assessment — — — — 8 0.04 Third Quarter 2026 Earnings Highlights GAAP ($ in millions, except per share) 3Q26 2Q26 3Q25 Revenues $2,536 $2,532 $2,513 Noninterest Expense 1,393 1,349 1,363 Provision for Credit Losses 135 120 125 Net Income 775 818 792 Diluted EPS 5.04 5.32 4.82 Return on Assets 1.40% 1.51% 1.49% Return on Common Equity 11.44 12.30 11.45 Net Interest Margin 3.65 3.70 3.69 Net Charge-offs % Avg Loans .35 .23 .42 Note: (1) Amounts presented before any related tax effect.
Page 8; GAAP earnings, expenses and returns · Dépôt 16/10/2026
(2) As of respective period end. Third Quarter 2026 Earnings Highlights Net Operating Results (Non-GAAP)(1) ($ in millions, except per share) 3Q26 2Q26 3Q25 Net Operating Income $780 $823 $798 Diluted Net Operating EPS 5.08 5.35 4.87 Efficiency Ratio 54.4% 52.8% 53.6% Net Operating ROTA 1.47 1.59 1.56 Net Operating ROTCE 17.29 18.57 17.13 Tangible Book Value per Share(2) $115.88 $117.41 $115.31 • Diluted Net Operating EPS increased +4% YoY • Net Operating ROTCE increased +16 bps YoY
Page 9; non-GAAP operating returns · Dépôt 16/10/2026
Cash dividends declared on M&T's common and preferred stock totaled $217 million and $42 million, respectively, for the quarter ended September 30, 2026.
Capital and liquidity; common and preferred dividends declared · Dépôt 16/10/2026
M&T repurchased shares of its common stock at a cost of $323 million during the recent quarter, compared with $465 million and $409 million in the second quarter of 2026 and the third quarter of 2025, respectively.
Capital and liquidity; actual quarterly share repurchases · Dépôt 16/10/2026
Three Months Ended June 30, Six Months Ended June 30, (Dollars in millions, except per share, shares in thousands) 2026 2025 2026 2025 Net income available to common equity $ 783 $ 681 $ 1,404 $ 1,229 Less: Income attributable to unvested stock-based compensation awards (2) (2) (3) (3) Net income available to common shareholders $ 781 $ 679 $ 1,401 $ 1,226 Adjusted weighted-average shares outstanding: Common shares outstanding and unvested stock-based compensation awards 146,200 159,559 147,835 162,025 Less: Unvested stock-based compensation awards (309) (338) (286) (324) Plus: Incremental shares from assumed conversion of stock-based compensation awards 867 784 875 810 Adjusted weighted-average shares outstanding (a) 146,758 160,005 148,424 162,511 Diluted earnings per common share $ 5.32 $ 4.24 $ 9.44 $ 7.55 __________________________________________________________________________________ (a)Stock-based compensation awards to purchase common stock of M&T representing common shares of 0.1 million in each of the three and six month periods ended June 30, 2026, respectively, and common shares of 0.2 million in each of the three and six month periods ended June 30, 2025, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive.
Note 9; diluted shares and stock-award dilution · Dépôt 04/08/2026
Dividends on the Series L Preferred Stock will accrue from the original issue date at a rate equal to 6.625% per annum for each dividend period.
Series L preferred terms; dividend rate · Dépôt 21/07/2026
Dividends on the Series K Preferred Stock will accrue from the original issue date at a rate equal to 6.350% per annum for each dividend period.
Series K preferred terms; dividend rate · Dépôt 31/10/2025
The Certificate of Amendment became effective immediately upon filing, and the public offering of the Depositary Shares representing interests in the Series L Preferred Stock was completed on July 21, 2026 (as described below).
Item 5.03; completed Series L offering · Dépôt 21/07/2026
The Company's commercial real estate loan concentration approximated 124% of Tier 1 capital plus its allowable allowance for credit losses at December 31, 2025, down from 136% at December 31, 2024.
Credit risk; CRE concentration relative to capital and allowable allowance · Dépôt 18/02/2026
That investment had no remaining carrying value at December 31, 2025 as a result of cumulative losses recognized and cash distributions received in prior years.
Note 23; BLG carrying value, cumulative losses and prior distributions · Dépôt 18/02/2026
•Noninterest income rose $18 million reflecting a $47 million distribution from M&T's investment in BLG in the recent quarter as compared with a $33 million distribution from that investment in the first quarter of 2026.
All Other results; first- and second-quarter BLG distributions · Dépôt 04/08/2026
AI Pathways Enhance the Way We Work 20 Pathway 1: Enterprise Productivity Pathway 2: Vendor-Embedded AI Pathway 3: Build Differentiated AI Capabilities ‘AI Factory’ Scale AI-tools adoption to drive productivity via training, broader access, practitioner communities and agentic capabilities • Approximately 75% of employee base with access to AI tools • More than 150 employee-developed AI solutions demonstrate growing adoption of automation and analytics capabilities • Faster process to support early underwriting analysis / screening for commercial loans Accelerate adoption of vendor-embedded AI for consistency, scale & security • 20% reduction in call transfers and improved first-call resolution through better customer routing • 100% of developers use AI to accelerate software development and productivity across key engineering activities • Accelerated and automated data review for onboarding large volume of mortgage loans Establish the AI Factory – a secure, enterprise platform enabling rapid prototyping and deployment of differentiated solutions • Building an enterprise AI platform to support scalable, consistent deployment of AI solutions • Implementing automated controls verification across technology software development and deployment • Enhancing AI-enabled fraud investigation processes to streamline case review and documentation Improved Customer Experience Employee Experience & Productivity Improved Risk Management
Page 20; reported AI adoption, routing outcomes and planned capabilities · Dépôt 16/10/2026
Reflecting loan growth and share repurchase activity in the recent quarter and the impact of unrealized losses on investment securities available for sale included in accumulated other comprehensive income at September 30, 2026, M&T's tangible common equity to tangible asset ratio at September 30, 2026 declined 22 basis points from June 30, 2026 and 94 basis points from September 30, 2025.
Capital and liquidity; causes of tangible capital ratio decline · Dépôt 16/10/2026
114 M&T BANK CORPORATION AND SUBSIDIARIES Consolidated Statement of Changes in Shareholders’ Equity (Dollars in millions, except per share) Preferred Stock Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss), Net Treasury Stock Total 2023 Balance — January 1, 2023 $ 2,011 $ 90 $ 10,003 $ 15,754 $ (790) $ (1,750) $ 25,318 Total comprehensive income — — — 2,741 331 — 3,072 Preferred stock cash dividends — — — (100) — — (100) Purchases of treasury stock — — — — — (600) (600) Stock-based compensation transactions, net — — 18 (2) — 120 136 Common stock cash dividends — $5.20 per share — — — (869) — — (869) Balance — December 31, 2023 2,011 90 10,021 17,524 (459) (2,230) 26,957 2024 Total comprehensive income — — — 2,588 295 — 2,883 Issuance of Series J preferred stock 733 — — — — — 733 Redemption of Series E preferred stock (350) — — — — — (350) Preferred stock cash dividends — — — (134) — — (134) Purchases of treasury stock — — — — — (400) (400) Stock-based compensation transactions, net — — (22) (2) — 259 235 Common stock cash dividends — $5.35 per share — — — (897) — — (897) Balance — December 31, 2024 2,394 90 9,999 19,079 (164) (2,371) 29,027 2025 Total comprehensive income — — — 2,851 441 — 3,292 Issuance of Series K preferred stock 440 — — — — — 440 Preferred stock cash dividends — — — (146) — — (146) Purchases of treasury stock — — — — — (2,657) (2,657) Stock-based compensation transactions, net — — 12 (2) — 111 121 Common stock cash dividends — $5.70 per share — — — (900) — — (900) Balance — December 31, 2025 $ 2,834 $ 90 $ 10,011 $ 20,882 $ 277 $ (4,917) $ 29,177 See accompanying notes to financial statements.
Consolidated changes in equity; earnings, distributions and stock compensation transactions · Dépôt 18/02/2026
Interest expense on average core deposits decreased $666 million from the year ended December 31, 2024 primarily due to a decrease in the cost of average interest-bearing core deposits to 234 bps for the year ended December 31, 2025 from 287 bps for the year ended December 31, 2024.
Fifth Third funding results; interest-bearing core deposit cost · Dépôt 24/02/2026
Net interest margin
3.70
%
3.70
%
3.70
%
3.69
%
3.62
%
3.65
%
5
Exhibit 99.1
Unaudited Supplemental Historical Average Balance Sheet and Taxable-equivalent Rates Information
Six Months Ended
Nine Months Ended
Year Ended
June 30,
June 30,
September 30,
6.07
134,848
6.09
135,275
6.07
134,080
6.31
Other
47
—
96
3.47
96
3.46
96
3.45
102
3.42
Total earning assets
193,911
5.38
189,829
5.51
190,197
5.54
190,744
5.52
192,818
5.74
Goodwill
8,465
8,465
8,465
8,465
8,465
Core deposit and other intangible assets
55
90
86
82
120
Other assets
12,755
10,912
11,141
11,354
9,817
Total assets
$
215,186
$
209,296
$
209,889
$
210,645
$
211,220
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing deposits:
Savings and interest-checking deposits
$
106,159
1.82
%
$
102,741
2.22
%
$
103,378
2.22
%
$
104,356
2.18
%
$
97,788
2.57
%
Time deposits
13,435
3.02
14,140
3.52
14,056
3.48
13,915
3.41
18,126
4.31
Total interest-bearing deposits
119,594
1.96
116,881
2.38
117,434
2.37
118,271
2.32
115,914
2.84
Short-term borrowings
6,862
3.86
3,100
4.51
3,013
4.50
2,774
4.45
4,440
5.45
Long-term borrowings
11,926
5.37
11,109
5.64
11,675
5.64
11,897
5.61
11,083
5.76
Total interest-bearing liabilities
138,382
2.35
131,090
2.70
132,122
2.71
132,942
2.66
131,437
3.17
Noninterest-bearing deposits
44,254
45,294
44,877
44,702
47,260
Other liabilities
4,259
4,081
4,142
4,197
4,471
Total liabilities
186,895
180,465
181,141
181,841
183,168
Shareholders' equity
28,291
28,831
28,748
28,804
28,052
Total liabilities and shareholders' equity
$
215,186
$
209,296
$
209,889
$
210,645
$
211,220
Net interest spread
3.03
2.81
2.83
2.86
2.57
Contribution of interest-free funds
.67
.83
.82
.81
1.01
Net interest margin
3.70
%
3.64
%
3.65
%
3.67
%
3.58
%
6
Supplemental historical rates; M&T annual deposit costs and net interest margin · Dépôt 28/09/2026
