BUFFALO, N.Y., Dec. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its fourth quarter and full-year 2024 earnings results in a press release that will be issued before the market opens on Thursday, January 16, 2025.

Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. The conference call and webcast may contain forward-looking statements and other material information.

Domestic callers wishing to participate in the call may dial toll free (800) 347-7315. International participants, using any applicable international calling codes, may dial (785) 424-1755. Callers should reference M&T Bank Corporation or the conference ID # MTBQ424. The conference call will be webcast live through M&T's website at https://ir.mtb.com/events-presentations.

BUFFALO, N.Y., Dec. 18, 2024 /PRNewswire/ -- Effective Thursday, December 19, 2024, M&T Bank Corporation ("M&T") (NYSE:MTB) will decrease its prime lending rate from 7.75% to 7.50%.

About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.

Seasoned Banker to Lead M&T Bank in New Jersey

BUFFALO, N.Y., Dec. 5, 2024 /PRNewswire/ -- M&T Bank (NYSE:MTB) ("M&T") today announced the appointment of Shannon Lazare as its New Jersey Regional President. Shannon will lead the bank's local growth and community engagement initiatives throughout New Jersey. She succeeds Tom Comiskey who, after serving as M&T's New Jersey Regional President for nine years, was elevated last year to Area Executive in its Commercial Bank.

In her new role, Shannon will lead M&T's team in the Garden State, ensuring that the bank continues to serve its communities and customers. She will oversee all aspects of the bank's involvement in community engagement, economic development, and charitable initiatives for M&T in New Jersey along with her current duties as Business Banking Regional Manager.

BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates:

M&T also announced revised dates to host conference calls to review 2025 quarterly results:

BUFFALO, N.Y., Nov. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024.

About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.

BUFFALO, N.Y., Nov. 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Goldman Sachs Financial Services Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on December 11, 2024, at 8:40 a.m. (ET).

A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such forward-looking information will be available on the webcast link.

BUFFALO, N.Y., Nov. 7, 2024 /PRNewswire/ -- Effective Friday, November 8, 2024, M&T Bank Corporation ("M&T") (NYSE: MTB) will decrease its prime lending rate from 8.00% to 7.75%.

About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.

Also added to M&T Bank's Enterprise Leadership Team

WILMINGTON, Del. , Oct. 31, 2024 /PRNewswire/ -- Wilmington Trust announced today that Lisa Roberts has been named the new Head of Wealth Management, effective immediately.

In her new role, Roberts will be responsible for setting the strategic direction for all of Wilmington Trust's Wealth operations, leading the firm's mission to provide comprehensive wealth management advice to its clients.

BUFFALO, N.Y., Oct. 25, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) will participate in the BancAnalysts Association of Boston Conference being held in Boston, MA. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on November 8, 2024, at 7:30 a.m. (ET).

The conference will take place at The Langham Boston. A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such forward-looking information will be available on the webcast link.

BUFFALO, N.Y., Oct. 17, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $721 million or $4.02 of diluted earnings per common share.

(Dollars in millions, except per share data)

3Q24

2Q24

3Q23

Earnings Highlights

Net interest income

$        1,726

$        1,718

$        1,775

Taxable-equivalent adjustment

13

13

15

Net interest income - taxable-equivalent

1,739

1,731

1,790

Provision for credit losses

120

150

150

Noninterest income

606

584

560

Noninterest expense

1,303

1,297

1,278

Net income

721

655

690

Net income available to common shareholders - diluted

674

626

664

Diluted earnings per common share

4.02

3.73

3.98

Return on average assets - annualized

1.37 %

1.24 %

1.33 %

Return on average common shareholders' equity - annualized

10.26

9.95

10.99

Average Balance Sheet

Total assets

$     209,581

$     211,981

$     205,791

Interest-bearing deposits at banks

25,491

29,294

26,657

Investment securities

31,023

29,695

27,993

Loans and leases, net of unearned discount

134,751

134,588

132,617

Deposits

161,505

163,491

162,688

Borrowings

15,428

16,452

12,585

Selected Ratios

(Amounts expressed as a percent, except per share data)

Net interest margin

3.62 %

3.59 %

3.79 %

Efficiency ratio (1)

55.0

55.3

53.7

Net charge-offs to average total loans - annualized

.35

.41

.29

Allowance for credit losses to total loans

1.62

1.63

1.55

Nonaccrual loans to total loans

1.42

1.50

1.77

Common equity Tier 1 ("CET1") capital ratio (2)

11.54

11.45

10.95

Common shareholders' equity per share

$      159.38

$      153.57

$      145.72