M&t Bank Corporation · NYSE:MTB
M&t Bank — Investor Presentation (September 2025)
37 slides from M&t Bank's investor presentation, Sep 9, 2025
Slide 1: Investor Update 3rd Quarter 2025
Investor Update 3rd Quarter 2025 SEPTEMBER 2025 Exhibit 99.1
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures 2 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 Commiss
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 Received
5 Key Awards and Accolades Received 13 “Best Bank” Awards across Small Business and Middle-Market Categories Small Business • Best Bank for Valuing Long-Term Relationships (U.S.) • Best Bank for Customer Service (U.S.) • Best Bank for Ease of Doing Business (U.S.) • Best Bank for Trust (U.S.) Middle
Slide 6: Through the Cycle Profitability Advantage
1.31% 1.34% 1.28% 1.01% 1.15% 1.10% MTB Peer Median 20-Years 2005-2024 10-Years 2015-2024 5-Years 2020-2024 Through the Cycle Profitability Advantage… 6 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 & Cr
Slide 7: Consistently Delivering Value and Growth
10.6% 10.1% 12.1% 4.4% 7.4% 6.8% MTB Peer Median 20-Years YE04-YE24 10-Years YE14-YE24 5-Years YE19-YE24 $1.60 $5.35 $5.70 2004 2009 2014 2019 2024 $– $1 $2 $3 $4 $5 $6 $23.62 $109.36 2004 2009 2014 2019 2024 $– $20 $40 $60 $80 $100 $120 …Combined with Consistent Growth Dividend Per Share Tangible B
Slide 8: Superior Pre-Credit Earnings
2020 2021 2022 2023 2024 1H25 Superior Pre-Credit Earnings Net Interest Margin 3.16 % 2.76 % 3.39 % 3.83 % 3.58 % 3.64 % Efficiency Ratio (1) 56.3 % 59.0 % 56.6 % 54.9 % 56.9 % 57.8 % PPNR ($, Millions) (1) $2,579 $2,445 $3,471 $4,232 $3,979 $1,943 PPNR to RWA (1) 2.4 % 2.3 % 2.7 % 2.8 % 2.6 % 2.5 %
Slide 9: Solid Performance in Key Metrics against Peers
Solid Performance in Key Metrics against Peers 9 ROTA(1) 2Q25 Net Interest Margin 2Q25 Efficiency Ratio(1) 2Q25 PPNR / RWA(1) 2Q25 NCO / Loans 2Q25 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 1.44%
Slide 10: NIM Outperformance
NIM Outperformance Strength on both loan pricing and deposit cost… …drives NIM outperformance Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 2.0% 3.0% 4.0% 5.0% NIMLoan Yield Q1 '20 Q2 '20 Q3 '
Slide 11: Strong Overall Profitability
Strong Overall Profitability NIM outperformance combined with fee income and efficiency drives profitability outperformance PPNR / RWA ROTA Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 1.0% 2
Slide 12: Consistent Growth
Consistent Growth Profitability outperformance also combined with consistent and strong Dividend and TBVPS growth Cumulative Dividend Per Share Growth Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2
Slide 13: Balance Sheet and Capital Strength Provides Flexibility
Balance Sheet and Capital Strength Provides Flexibility Pension and Securities AOCI % of RWA(1) CET1 Ratio including AOCI(1) Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 (4.0)% (3.0)% (2.0)%
Slide 14: Areas of Focus
Areas of M&P'Bank Corporation | +4
Slide 15: 2025 Outlook
2025 Outlook 15 2025 Outlook Comments In co m e St at em en t Net Interest Income Taxable-equivalent Excluding notable items $7.0 billion to $7.15 billion • NIM in the mid to high 3.60s • Trending toward low end of the range Fee Income Excluding notable items $2.5 billion to $2.6 billion • Potential
Slide 16: 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 High Quality Securities Portf
Slide 17: 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 18: Swap Portfolio Details
$3.4 $3.4 $4.4 $6.1 $6.1 $6.1 $6.1$2.8 $2.8 $1.8 $15.2 $14.6 $15.2 $15.0 $15.5 $13.2 $13.4 $11.5 $10.4 $9.3 $9.3 $6.3 $1.1 $0.9 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 $0 $5 $10 $15 $20 $25 $30 $35 $40 Swap Portfolio Details 18 • Swap portfolio rate repriced 16bps higher to 3.60%; with swaps maturing at
Slide 19: Fee Income Momentum
$2,417 2024 2025 33% 21% 14% 5% 8% 7% 12% Fee Income Momentum 19 • Consistent growth in noninterest income(1) over past year; 1H25 results are up 11% from the prior year driven by continued strength in trust and mortgage banking • Total noninterest income(1) represents 27% of total revenue(2), which
Slide 20: Local Scale in Key Markets
Local Scale in Key Markets 20 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 6/30/2025, excludes th
Slide 21: Local Scale Leads to Superior Deposit Franchise
20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 1Q 25 2Q 25 —% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 1Q 25 2Q 2
Slide 22: Diversified and Granular Deposit Base
Retail Bank $90.6B Commercial Bank $46.0B Inst. Svcs. & Wealth Mgmt. $19.2B All Other $7.6B Diversified and Granular Deposit Base • Diversified across industries and geographies • Average relationship tenure of 17 years • ~61% operating balances Average Deposits 2Q25 Institutional Services & Wealth
Slide 23: Well Diversified Loan Portfolio
262% 129% 12/31/2019 6/30/2025 C&I $50.5B 37% Cons. Real Estate $24.1B 18% Consumer $25.8B 19% Multifamily, $6.1B, 4% Retail, $4.4B, 3% Office, $3.7B, 3% Health Services, $1.7B, 1% Hotel, $1.9B, 1% Industrial & Other, $2.4B, 2% Construction, $4.4B, 3% C&I - Owner Occ. $11.2B 8% Well Diversified Loan
Slide 24: 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 FY1990-2Q25. Superior Credit Losses Through Multiple Economic Cycles M&T Credit Philosophy NCO % of L
Slide 25: Credit Metrics
$ IN M IL LI O N S Nonaccrual Loans $2,024 $1,926 $1,690 $1,540 $1,573 1.50% 1.42% 1.25% 1.14% 1.16% Nonaccrual Loans ($) Nonaccrual Loans (%) 2Q24 3Q24 4Q24 1Q25 2Q25 $ IN M IL LI O N S Net Charge-offs $137 $120 $160 $114 $108 0.41% 0.35% 0.47% 0.34% 0.32% Net Charge-offs ($) Net Charge-off Ratio (
Slide 26: Criticized C&I and CRE Loans
Criticized C&I and CRE Loans Criticized loans decreased -$1.0 billion QoQ: • C&I decreased -$226 million – Driven primarily by health services, motor vehicle and recreational finance dealers and transportation, communications, utilities • CRE decreased -$813 million – Permanent CRE -$349 million – C
Slide 27: High Quality Securities Portfolio
Agency MBS $17.2B US Treasury $8.3B Agency CMBS $6.8B Municipal Bonds $2.2B Equity & Other $1.0B High Quality Securities Portfolio (1) Mortgage securities include estimated prepayment under market forward interest rates. (2) 2Q25 reported yield is 3.81%. See Appendix 1 for reconciliation of this adj
Slide 28: 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) – 10 basis point positive impact to CET1 ratio at June 30, 2025 • Stress capital buffer to improve from 3.8% to an estim
Slide 29: 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 30: Appendices
Appendices M&P'Bank Corporation | 30
Slide 31: 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 32: Reconciliation of Adjusted Metrics
In millions 2Q24 3Q24 4Q24 1Q25 2Q25 Taxable-equivalent net interest income - Adjusted Taxable-equivalent net interest income $1,722 Premium amortization for acquired securities 20 Taxable-equivalent net interest income - Adjusted $1,742 Net interest margin - Adjusted(1) Net interest margin 3.62% Pr
Slide 33: 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 34: GAAP to Net Operating (Non-GAAP) Reconciliation
Appendix 2 GAAP to Net Operating (Non-GAAP) Reconciliation 34 In millions 2020 2021 2022 2023 2024 1H25 2Q24 1Q25 2Q25 Efficiency ratio Noninterest expense $3,385 $3,612 $5,050 $5,379 $5,359 $2,751 $1,297 $1,415 $1,336 Less: Amortization of core deposit and other intangible assets 15 10 56 62 53 22
Slide 35: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 35 In millions 2020 2021 2022 2023 2024 1H25 2Q24 1Q25 2Q25 Average assets Average assets $135,480 $152,669 $190,252 $205,397 $211,220 $209,296 $211,981 $208,321 $210,261 Goodwill (4,593) (4,593) (7,537) (8,473) (8,465) (8,465) (8,465) (8,465) (8
Slide 36: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 36 In millions 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 06/30/2024 03/31/2025 06/30/2025 Total assets Total assets $142,601 $155,107 $200,730 $208,264 $208,105 $208,855 $210,321 $211,584 Goodwill (4,953) (4,593) (8,490) (8,465) (8,4
Slide 37: 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