M&T BANK CORP (MTB)

M&T Bank Corporation (M&T) is a New York business corporation, incorporated in November 1969, that is a bank holding company and has elected to be treated as a financial holding company. Through its two wholly-owned bank subsidiaries, M&T Bank and Wilmington Trust, N.A., it offers a wide range of retail and commercial banking, wealth management, trust and institutional services. At December 31, 2025, the company had consolidated total assets of $213.5 billion, deposits of $166.9 billion and shareholders' equity of $29.2 billion.

M&T Bank, a New York-chartered bank whose charter dates to 1892 and whose business traces to Manufacturers and Traders Bank in 1856, accounts for over 99% of consolidated assets together with its subsidiaries. It offers commercial banking and commercial mortgage loans secured by income-producing or business-use properties. Its operating subsidiaries include M&T Realty Capital (multifamily commercial real estate lending and loan servicing), LEAF Commercial Capital and M&T Equipment Finance Corp. (equipment leasing and financing), and Wilmington Trust Company (trust and fiduciary services). Wilmington Trust, N.A., a national bank with $773 million in assets, provides institutional client and wealth management services. M&T Securities provides institutional brokerage and securities services. Business segment information is provided in the notes to the financial statements. The largest income sources are interest income on loans, investment securities and deposits at banks.

M&T Bank serves consumers, businesses, professional clients, governmental entities and financial institutions through a banking office and ATM network across New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont, New Hampshire, Virginia, West Virginia and the District of Columbia. Lending focuses on consumers in areas with M&T Bank offices and on small and medium-size businesses there, though loans are also originated through offices in other states and in Ontario, Canada. International activities are limited, including some trust-related services in Europe, foreign currency transactions for customers, credit supporting the international activities of domestic companies and certain loans to foreign borrowers, and represent less than 1% of assets and revenues.

M&T and M&T Bank have their principal executive offices in Buffalo, New York. M&T Bank is a member of the Federal Reserve System and the FHLB System, with deposits insured by the FDIC. The company is regulated as a bank and financial holding company by the Federal Reserve, and its banks are overseen by the NYSDFS, OCC, FDIC and CFPB. With assets above $100 billion, it is subject to enhanced prudential standards as a Category IV firm. It has periodically considered acquisitions of banks, branches or other businesses that would complement its business or geographic reach and intends to continue doing so.