M&t Bank Corporation · NYSE:MTB
M&t Bank — 2011 FBR Fall Investor Conference
27 slides from M&t Bank's conference presentation, Nov 29, 2011
Slide 1: 2011 FBR Fall Investor Conference
Exhibit 99 2011 FBR Fall Investor Conference November 29, 2011 M &T Bank Understanding what’s important
Slide 2: Disclaimer
Disclaimer financial “positions,” looking to actual interest introduction, associated Reserve used update for results rates statements Board illustrative or forward-looking with This business “prospects” and withdrawal, toand mergers, differ presentation capital are legislative purpose performance m
Slide 3: Who is M&T Bank?
Who24 banking/middle past is M&T years 3Bank? Mmarket &T16th Bank customers largest US-based Over 770commercial branches inbank NY, MD, holding PA,company VA, DE, $78 NJ, WV, billion & in DC.assets $52 15,643 billion of employees new loanAlmost originations 2 million and consumer/retail renewals fro
Slide 4: M&T's interests are aligned with stakeholders
M&T’s Federal exam since interests Reserve 1982onare More each aligned than Community 2,700 with stakeholders employees Reinvestment serve in theover Our community employees 4,700 different M&Tpractice Charitable not-forprofit the community Foundation profit organizations banking has contributed mod
Slide 5: Stability throughout the recent financial crisis
Stability throughout (ex acquisitions) through crisis ??the Lowest Norecent quarterly construction financial losses crisis since & CRE ? Lowest 1976 charge-offs – 141 percentage quarters among credit ? 1large oflosses only regional 2among commercial / super-regional top 20 banks commercial in banks
Slide 6: Superior returns to shareholders
Superior banks average from ofReturns (0.3%) January toInsiders Shareholders 2000 –control December #1 over stock 2010: 20%market 172% of M&T; performance Outperformed Berkshireamong Hathaway S&P 100 Banklargest major Indexholder banks by 20%, since 31% 1983* 1991 and619.2% 69% M &Tover annual Bank
Slide 7: Financial Update
Financial Update EN MaT Bank
Slide 8: Third Quarter 2011 Earnings Summary
Third322 192 GAAP Quarter financial 183 ($2011Earnings per measures. share) NRefer tO Summary Net to the Operating ($ Appendix millions) EPSfor 2006 7.73 a reconciliation 6.4 20075.39 2008 3.54 2009 between 5.842010 1.55these 3Q10 2.16measures 1.53 2Q11GAAP 3Q11 andEPS Net GA Operating 87.37 M &T 5.
Slide 9: Key Ratios
Key 52.77% 1.61% 1.17% q 13.08% GAAP associated transactions No. y g141R Ratios Tier 1.83%[3] 1.39% financial 54.35% 13.43% 1and with 2006 Common and Tangible SOP intangible 56.50% Leverage measures. merger-related 1.82%[3] 2007 03-3, Capital 2008 Common 53.71% acquired Ratio assets 1.79%[3] A2009 r
Slide 10: Disciplined margin management
Disciplined ‘01 ‘02 ‘03 ‘04 margin ‘05 ‘06 management ‘07 ‘08 ‘09 M&T ‘10 focuses Q1 Q2 Q3on MTB returnsPeer and2011 relationships Median 10rather Note: than Taxable volumes Equivalent Net Interest net interest Margin margin 4.5 Netused Interest for M&T Marginand 4.02 for3.75 peer3.68 banks 4.0when
Slide 11: Acquisition accounting impact on M&T
Acquisition 49,161 11 * seeYield p15accounting of 4.51% M&T’s 4.28% 3Q11 impact 4.55% 10Q on M&T •MThe &Tamount loan Bankyields of interest 3Q 2011 income M&T recognized ($ millions)on Asacquired reportedloans Acquired closely loans approximated legacy loansthe Interest contractual income interest o
Slide 12: Historical Credit Cycle
Historical 3.00% 1999 2010 IPOs 2000 1Q11 in1.45% 2010) Credit 2001 2Q11 1.13% 122002 Cycle: M 3Q11 &T 1.00% 2003 3.00% 1991—2011 Bank 2004 1.25% NCOs 2005 1.50% 4.50% / Average 2006 2.08% Nonaccrual 2007 Loans 1.91%1.91% 2008MTB 2009 TotalTop 2010 Loans 2.15% 251Q11 Median* Historical 2.14% 2Q111.5
Slide 13: M&T's Peer Data
M&T’s 3.1 Peer % 1.0 Data of2.0 2.9 7as TCE Peer 2.8 3.0 Credit of +September 2.8 13 8ALLL Peer 0Ratios 2.5 Peer 2.3 931.4 Peer 1are 30, Peer Peer 47.6 Best-in-Class 2011 10Median 2Peer 30 Peer regulatory 4011 350 2.4 Peer 3.42 2.5 3.0412 filings. 3.0 4.0 4.19 Peer 7.0 3.5 4.5 5.67 0.0 5M4.0 M&T’s P
Slide 14: Efficiency Ratio
M GAAP ‘02 to fully &T ‘03 taxable Bank ‘04 financial ‘05 M&T’s equivalent ‘06 measures. ‘07 model ‘08 net relies ‘09 interest The‘10 on Efficiency Q1 income maintaining Q2 Q3 and Ratio MTB non-interest above-average reflects Peer Median non-interest revenues efficiency 201166.42% (excluding expense
Slide 15: Wilmington Trust Update
Wilmington Trust Update 15 M &T Bank
Slide 16: Fee income and Wilmington Trust contribution
M&TManagement 32% impairment reform USB KEY Achieves 38%FITB charges. Excludes Scale STI Service Trust HBAN /securities Relevance and Fees MTB Wealth Mortgage impairment inPNC Trust 1Q11 MTB34% and charges. 3Q11 BBT Investments 10%Components CMA 24% Other•SNV Reduces Components 38%of ZIO 16% Fee con
Slide 17: Outlook
Outlook •$20 Includes million Consistent first • Continue phasewith oftoWT remarks retain expense mortgage on October savings loan •earnings Don’t originations expect call M•FY2011 Limiting &T BankNCO growth • B/S ratio positioned intomortgage vary significantly forgain-on-sale modest NIM from reven
Slide 18: Long Term Performance
Long Term Performance M &T Bank 18
Slide 19: Focus on Long Term Shareholder Returns
Focus M &T on Bank Long Term Shareholder Returns Cumulative Capital Retained, Dividends and Share Repurchases 1983 – Sept 2011 Dividends Capital Share 31% Retained 34% Share Repurchases 35% 19
Slide 20: Earnings and Dividend Growth 1983-2010
Earnings Net Operating & Dividend Earnings Growth: Dividends 1983—2010 20 Note: M&T Data prior has maintained to 1998 does its not dividend include throughout provisionsthe ofcurrent SFAS No. cycle. 123$8.00 and No. $5.84 148 $5.36 stock$5.00 option $6.00 expensing. $3.00 $2.80 M &T $4.00 Bank$2.10
Slide 21: M&T Bank Corporation Return
M&T Bank Return Corporation and/or Bigcharts.com 10/31/2011 Corporation… NTRS 3/31/1983 40.47 MTB 1.51 aPrice solid CAGR 12.2 @investment 3Median Rank U.S. Bancorp Company Growth Of theUSB largest Rate Name 25.59 9.54 100 Ticker 1.34 0.92 Among ($) 7.1 12.4 ($) Mthe 51&T Wells banks (%)Bank 1Fargo M
Slide 22: M&T stock a solid investment
M&T stocks Discretionary Castparts 14 Health dividends State Bank that Care Street Corp. through have Corporation… 19.9 22.2 Corp. Industrials traded 19October 5 Valspar Hasbro Financials publicly 21.5 a31, Corp. Inc. solid 2011. since 20.4 10 Consumer investment Materials Mylan $3,703 15 1980 Holly
Slide 23: 2011 FBR Fall Investor Conference
2011 FBR Fall Investor Conference November 29, 2011 M &T Bank
Slide 24: Appendix
24 Appendix EN Mat Bank
Slide 25: 2011 Peer Group - Largest Regional Banks
2011 PeerCorporation Financial Group – Largest Fifth12 Third Regional Bancorp Banks Synovus BB&TFinancial Corporation Corp.M&T Huntington Bank Corporation BancsharesCapital Incorporated One Financial SunTrustCorporation Banks, Inc. PNC KeyCorp Financial ZionsServices Bancorporation Group, Inc. M &TC
Slide 26: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation Net 47.8 $297.8 $422.3 80.0 $383.7 Intangible 0.02 $’s amortization 67.3 revenues securities (42.6) $2,930.2 55.8% in income 46.1 192.0 (0.33) Non-interest millions (52.2) 55.6% $340.7 $551.6 $511.0 $3,048.4 $1,049.5 31.6 amortization* 412.0 0.13 4.7 $198.3 4less: (3.1) 61.8% $323.1 N
Slide 27: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation 5,132 assets 68,777 2,908) 24 30 33 $(191) (2,933) $67,472 73,182 29 (221) 21(3,193) of $$68,380 46 GAAP (214) 66,612 65 34 (3,393) (191) $and 44$68,045 Average 6 Non-GAAP 8,813 ((3,525) 153) $ Average 72,454 tangible (120) (3,525) Measures (198) $Common common 76,908 (3,525) (266) Ju