M&t Bank Corporation · NYSE:MTB
M&t Bank — Investor Presentation (June 2025)
32 slides from M&t Bank's investor presentation, Jun 10, 2025
Slide 1: Investor Update 2nd Quarter 2025
Investor Update 2nd Quarter 2025 JUNE 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
Together, We are M&T Bank Purpose Mission To make a difference We are a bank for communities — in people's lives. committed to improving the lives of our customers and all the communities we touch. We are committed to Our Customers Our Communities Our Colleagues Linking our customers M&Tisa We empow
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
Key Awards and Accolades Coalition EMM = QAWards2025 Greenwich Best Bank BR 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
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: Combined with Consistent 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 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 $120 …Combined with Consistent Growth Dividend Per Share Tangible Book Va
Slide 8: Superior Pre-Credit Earnings
2020 2021 2022 2023 2024 1Q25 Superior Pre-Credit Earnings Net Interest Margin 3.16 % 2.76 % 3.39 % 3.83 % 3.58 % 3.66 % Efficiency Ratio (1) 56.3 % 59.0 % 56.6 % 54.9 % 56.9 % 60.5 % PPNR ($, 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 % S
Slide 9: Solid Performance in Key Metrics against Peers
Solid Performance in Key Metrics against Peers 9 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 10: Areas of Focus
Areas of M&P Bank Corporation | +0
Slide 11: 2Q 2025 Trends
2Q 2025 Trends Sequentially higher NII and NIM Sequentially lower expenses, mostly driven by lower seasonal compensation Continued strength and sequential growth in fee income Capital and asset quality trending expectations • Sequential decline primarily driven by lower seasonal compensation expense
Slide 12: 2025 Outlook
2025 Outlook 12 2025 Outlook Comments In co m e St at em en 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 I
Slide 13: 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 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
$2,417 2024 2025 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
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
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 —% 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 —% 10% 20%
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
262% 133% 12/31/2019 3/31/2025 C&I $49.5B 37% Cons. Real Estate $23.3B 17% Consumer $24.8B 18% 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% Well Diversified Loan Port
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. Superior Credit Losses Through Multiple Economic Cycles M&T Credit Philosophy NCO % of L
Slide 21: Credit Metrics
$ IN M IL LI O N S $138 $137 $120 $160 $114 0.42% 0.41% 0.35% 0.47% 0.34% NCO ($) Net Charge-off Ratio (%) 1Q24 2Q24 3Q24 4Q24 1Q25 $ IN M IL LI O N S $200 $150 $120 $140 $130 1Q24 2Q24 3Q24 4Q24 1Q25 $ IN M IL LI O N S $2,302 $2,024 $1,926 $1,690 $1,540 1.71% 1.50% 1.42% 1.25% 1.14% Nonaccrual Loan
Slide 22: Criticized C&I and CRE Loans and Leases
Criticized C&I and CRE Loans and Leases Criticized loans and leases 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 cri
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. Securities Portfolio Composition 3/31/2025 • Securities of $35.1B; 17% of total
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: 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 26: Appendices
Appendices M&P Bank Corporation | 26
Slide 27: 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 28: 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 29: GAAP to Net Operating (Non-GAAP) Reconciliation: Efficiency Ratio
Appendix 2 GAAP to Net Operating (Non-GAAP) Reconciliation 29 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 30: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 30 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 31: GAAP to Tangible (Non-GAAP) Reconciliation
Appendix 2 GAAP to Tangible (Non-GAAP) Reconciliation 31 In millions 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 03/31/2024 12/31/2024 03/31/2025 Total assets Total assets $142,601 $155,107 $200,730 $208,264 $208,105 $215,137 $208,105 $210,321 Goodwill (4,953) (4,593) (8,490) (8,465) (8,4
Slide 32: 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