{"id":801385,"date":"2025-01-16T05:33:20","date_gmt":"2025-01-16T10:33:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mt-bank-corporation-nysemtb-announces-fourth-quarter-2024-results\/"},"modified":"2025-01-16T05:33:20","modified_gmt":"2025-01-16T10:33:20","slug":"mt-bank-corporation-nysemtb-announces-fourth-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mt-bank-corporation-nysemtb-announces-fourth-quarter-2024-results\/","title":{"rendered":"M&T Bank Corporation (NYSE:MTB) announces fourth quarter 2024 results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n BUFFALO, N.Y.<\/span>
\n <\/span>, Jan. 16, 2024<\/span><\/span> \/PRNewswire\/ — M&T Bank Corporation (“M&T” or “the Company”) reports quarterly net income of $681 million<\/span> or $3.86<\/span> of diluted earnings per common share and full-year net income of $2.59 billion<\/span> or $14.64<\/span> of diluted earnings per common share.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n (Dollars in millions, except per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q24<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 3Q24<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 4Q23<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Earnings Highlights<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net interest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,728<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,726<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,722<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,852<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,115<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Taxable-equivalent adjustment<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 54<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net interest income – taxable-equivalent<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,740<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,739<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,735<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,902<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,169<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Provision for credit losses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 140<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 120<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 225<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 610<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 645<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noninterest income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 657<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 606<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 578<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,427<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,528<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noninterest expense<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,363<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,303<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,450<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,359<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,379<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 681<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 721<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 482<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,588<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,741<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income available to common shareholders – diluted<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 644<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 457<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,449<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,636<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted earnings per common share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.86<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.74<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14.64<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15.79<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Return on average assets – annualized<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.28\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.37\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .92\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.23\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.33\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Return on average common shareholders’ equity – annualized<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.75<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.26<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.41<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9.54<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.06<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Average Balance Sheet<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 211,853<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 209,581<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 208,752<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 211,220<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 205,397<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest-bearing deposits at banks<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,602<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25,491<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30,153<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,244<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,202<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investment securities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33,679<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31,023<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,490<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30,755<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,932<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loans and leases<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 135,723<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 134,751<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 132,770<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 134,717<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 132,738<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deposits<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 164,639<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 161,505<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 164,713<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 163,423<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 162,094<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Borrowings<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,228<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,428<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,057<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,523<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,054<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Selected Ratios<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (Amounts expressed as a percent, except per share data)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net interest margin<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.58\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.62\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.61\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.58\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3.83\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Efficiency ratio (1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 55.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 54.9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net charge-offs to average total loans – annualized<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .47<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .44<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .41<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n .33<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Allowance for credit losses to total loans<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.61<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.62<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.59<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.61<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.59<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Nonaccrual loans to total loans<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.62<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.62<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Common equity Tier 1 (“CET1”) capital ratio (2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.54<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.98<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10.98<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Common shareholders’ equity per share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0 160.90<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0 159.38<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0 150.15<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0 160.90<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0 150.15<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (1) A reconciliation of non-GAAP measures is included in the tables that accompany this release.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (2) December\u00a031, 2024 CET1 capital ratio is estimated.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Financial Highlights<\/b>\n <\/p>\n