M&t Bank Corporation · NYSE:MTB
M&t Bank — Investor Presentation (May 2025)
33 slides from M&t Bank's investor presentation, May 6, 2025
Slide 1: Investor Update 2nd Quarter 2025
Investor Update 2nd Quarter 2025 MAY 2025 Exhibit 99.1
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures This presentation may contain forward-looking statements regarding M&T Bank Corporation (“M&T”) within the meaning of the Private Securities Litigation Reform Act of 1995 and the rules and regulations of the Securities and Exchange Commissio
Slide 3: Together, We are M&T Bank
Our Customers Linking our customers to the people, capital, and ideas that empower them in the moments that matter most in their lives. Our Communities M&T is a “bank for communities,” a true engine for local economic development and relationship-building. Our Colleagues We empower our employees to
Slide 4: Focused on Four Priorities
Focused on Four Priorities 4 Build our New England and Long Island Markets Optimize our Resources through Simplification Make our Systems and Processes Resilient and Scalable Continue to Develop and Scale our Capability to Manage Risk We continue our mission to simplify M&T and make investments that
Slide 5: Key Awards and Accolades
5 J.D. Power 2024 U.S. Banking Mobile App Satisfaction Study; among banks with $70B to $200B in deposits. Visit jdpower.com/awards for more details. Key Awards and Accolades • • • • • • •
Slide 6: M&T - A High Performing Community-Focused Bank
M&T - A High Performing Community-Focused Bank 6 Top 15 U.S.-based, commercial bank holding company, with national capabilities from our suite of specialty businesses and Wilmington Trust Stability • Low volatility in earnings • Strong balance sheet Profitability • Superior profitability, earnings a
Slide 7: Through the Cycle Profitability Advantage
Through the Cycle Profitability Advantage… 7 Note: (1) See Appendix 1 and 2 for reconciliation of GAAP with these non-GAAP measures. Net Operating ROTA(1) Better than Peer PPNR Generation & Credit Losses • Aided by NIM, efficiency and credit loss outperformance Consistent Profitability Advantage • O
Slide 8: Combined with Consistent Growth
$1.60 $5.35 $- $1 $2 $3 $4 $5 $6 2004 2009 2014 2019 2024 $23.62 $109.36 $- $20 $40 $60 $80 $100 $120 2004 2009 2014 2019 2024 …Combined with Consistent Growth Dividend Per Share Tangible Book Value Per Share MTB: 6.2% CAGR Peer Median: 0.9%CAGR MTB: 8.0% CAGR Peer Median: 1.7% CAGR CAGR – TBVPS Gro
Slide 9: Superior Pre-Credit Earnings
2020 2021 2022 2023 2024 1Q25 Superior Pre-Credit Earnings Net Interest Margin 3.16% 2.76% 3.39% 3.83% 3.58% 3.66% Efficiency Ratio (1) 56.3% 59.0% 56.6% 54.9% 56.9% 60.5% PPNR ($, Millions) (1) $2,579 $2,445 $3,471 $4,232 $3,979 $891 PPNR to RWA (1) 2.4% 2.3% 2.7% 2.8% 2.6% 2.3% Strong Credit Metri
Slide 10: Solid Performance in Key Metrics against Peers
Solid Performance in Key Metrics against Peers 10 ROTA(1) 1Q25 Net Interest Margin 1Q25 Efficiency Ratio(1) 1Q25 PPNR / RWA(1) 1Q25 NCO / Loans 1Q25 Note: (1) See Appendix 1 and 2 for reconciliation of GAAP with these non-GAAP measures. Source: S&P Global Market Intelligence and company filings 1.21
Slide 11: M&P Bank Corporation |
M&P Bank Corporation | 11
Slide 12: 2025 Outlook
2025 Outlook Comments In c o m e S ta te m e n t Net Interest Income Taxable-equivalent $7.05 billion to $7.15 billion • NIM in the mid to high 3.60s Fee Income $2.5 billion to $2.6 billion • Trending toward high end of the range • Continued strength in trust and mortgage GAAP Expense Includes intan
Slide 13: Our Focus on the Fundamentals
Our Focus on the Fundamentals Diversified Business Model with Fee Income Momentum Diversified Loan Portfolio with a History of Credit Outperformance Positive Recent Trends in Nonaccrual and Criticized Granular and Broad-Based Core Deposit Funding & Strong Liquidity Strong Capital and Low AOCI Impact
Slide 14: Diversified Business Model
Diversified Business Model Experienced teams provide a wide-range of credit, liquidity and capital markets solutions to meet our customer needs, delivered through a local engagement model and industry expertise on a national scale. Strategically built for the communities in which we operate. High-to
Slide 15: Fee Income Momentum
34% 22% 13% 6% 8% 6% 10% Fee Income Momentum 15 • Consistent growth in noninterest income(1) over past year; 1Q25 results are a strong start to the year with 6% YoY growth or 11% also excluding the 1Q24 BLG distribution • Total noninterest income (1) represents 26% of total revenue(2), which is lowe
Slide 16: Local Scale in Key Markets
Local Scale in Key Markets 16 Source: S&P Global Market Intelligence, FDIC Summary of Deposits (1) Weighted Average by County (2) Top banks and thrifts by number of branches in Northeast / Mid-Atlantic regions (CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VA, VT, WV). M&T as of 3/31/2025, excludes tw
Slide 17: Local Scale Leads to Superior Deposit Franchise
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 1 Q 2 5 0% 10% 20% 30% 40% 50% 60% 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 2 0 1 2 2
Slide 18: Diversified and Granular Deposit Base
Retail Bank $88.9B Commercial Bank $45.5B Inst. Svcs. & Wealth Mgmt. $18.6B All Other $8.2B Diversified and Granular Deposit Base • Diversified across industries and geographies • Average relationship tenure of 16 years • Average account size $4MM; median $0.5MM • ~61% operating balances Average Dep
Slide 19: Well Diversified Loan Portfolio
Multifamily $5.6B, 4% Retail $4.5B, 3% Office $4.0B, 3% Healthcare $1.9B, 1% Hotel $1.9B, 1% Industrial & Other $2.2B, 2% Construction $5.8B, 4% C&I - Owner Occ. $11.1B, 8% C&I $49.5B, 37% Cons. Real Estate $23.3B, 17% Consumer $24.8B, 18% Permanent CRE $20.1B, 15% Well Diversified Loan Portfolio (1
Slide 20: Superior Credit Losses Through Multiple Economic Cycles
Source: S&P Global Market Intelligence and FRY9C. Note: Industry data represents all FDIC-insured institutions from the FDIC’s Quarterly Banking Profile (“QBP”). Average, max, and range are weighted FY1990-1Q25. 1Q25 QPB Industry data not yet available. Superior Credit Losses Through Multiple Econom
Slide 21: Credit Metrics
Credit Metrics Nonaccrual Loans and Leases Net Charge-offs Provision for Credit Losses Allowance for Credit Losses 21 $138 $137 $120 $160 $114 0.42% 0.41% 0.35% 0.47% 0.34% 1Q24 2Q24 3Q24 4Q24 1Q25 $ I N M IL L IO N S NCO ($) Net Charge-off Ratio (%) $200 $150 $120 $140 $130 1Q24 2Q24 3Q24 4Q24 1Q25
Slide 22: Criticized C&I and CRE Loans
Criticized C&I and CRE Loans Criticized loans decreased -$516 million QoQ: • C&I increased +$151 million – Driven predominantly by motor vehicle and recreational finance dealers • CRE decreased -$667 million – Permanent CRE -$591 million – Construction -$76 million • 96% of criticized accrual loans
Slide 23: High Quality Securities Portfolio
Agency MBS $16.9B US Treasury $8.5B Agency CMBS $6.4B Municipal Bonds $2.3B Equity & Other $1.0B High Quality Securities Portfolio (1) Mortgage securities include estimated prepayment under market forward interest rates. $35B Securities Portfolio Composition 3/31/2025 • Securities of $35.1B; 17% of
Slide 24: Strong Capital Levels Compared to Peers
Strong Capital Levels Compared to Peers • Capital levels favorable to peers both as reported and when considering AOCI • Modest impact from including AOCI in regulatory capital(1) – 6 basis point positive impact to CET1 ratio at March 31, 2025 • Elected to opt into the 2025 Stress Test • Expect CET1
Slide 25: Executive Compensation
Executive Compensation 25 See M&T’s 2025 Proxy Statement for additional information Performance-Hurdled Stock Units (“PHSUs”), Performance-Vested Stock Units (“PVSUs”), Non-Qualified Stock Options (“NQSOs”). Long Term Incentive Philosophy Components Base Salary Short Term Incentive • Attract and ret
Slide 26: Why invest in M&T?
Why invest in M&T? • Long term focused with deeply embedded culture • Business operated to represent the best interests of all key stakeholders • Energized colleagues consistently serving our customers and communities • A safe haven for our clients as proven during turbulent times and crisis • Exper
Slide 27: Appendices
Appendices M&P Bank Corporation | 27
Slide 28: GAAP to GAAP - Adjusted (Non-GAAP) Reconciliation
Appendix 1 Note: M&T is providing supplemental reporting of its results on a “GAAP – Adjusted” basis, from which M&T excludes the after-tax effect of certain notable items of significance. Although “GAAP – Adjusted” income as presented by M&T is not a GAAP measure, M&T’s management believes that thi
Slide 29: GAAP to Net Operating (Non-GAAP) Reconciliation
Appendix 2 Note: M&T consistently provides supplemental reporting of its results on a “net operating” or “tangible” basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill, core deposit and other intangible asset balan
Slide 30: GAAP to Net Operating (Non-GAAP) Reconciliation
Appendix 2 GAAP to Net Operating (Non-GAAP) Reconciliation 30 In millions 2020 2021 2022 2023 2024 1Q24 4Q24 1Q25 Efficiency ratio Noninterest expense $3,385 $3,612 $5,050 $5,379 $5,359 $1,396 $1,363 $1,415 Less: Amortization of core deposit and other intangible assets 15 10 56 62 53 15 13 13 Less:
Slide 31: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 31 In millions 2020 2021 2022 2023 2024 1Q24 4Q24 1Q25 Average assets Average assets $135,480 $152,669 $190,252 $205,397 $211,220 $211,478 $211,853 $208,321 Goodwill (4,593) (4,593) (7,537) (8,473) (8,465) (8,465) (8,465) (8,465) Core deposit and
Slide 32: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 32 In millions 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 3/31/2024 12/31/2024 3/31/2025 Total assets Total assets $142,601 $155,107 $200,730 $208,264 $208,105 $215,137 $208,105 $210,321 Goodwill (4,593) (4,593) (8,490) (8,465) (8,465
Slide 33: M&T Peer Group
M&T Peer Group PNC Financial Services Group, Inc.Comerica Incorporated Regions Financial CorporationFifth Third Bancorp Huntington Bancshares Incorporated Zions Bancorporation, NAKeyCorp Truist Financial Corporation U.S. Bancorp M&T Bank CorporationCitizens Financial Group, Inc. First Horizon Nation