BUFFALO, N.Y., Sept. 18, 2024 /PRNewswire/ -- Effective Thursday, September 19, 2024, M&T Bank Corporation ("M&T") (NYSE:MTB) will decrease its prime lending rate from 8.50% to 8.00%.

About M&T (www.mtb.com)

M&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, Manufacturers and Traders Trust Company ("M&T Bank"), provides banking products and services in 12 states across the northeastern 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.

BUFFALO, N.Y., Sept. 5, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) plans to announce its third quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, October 17, 2024.

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.

BUFFALO, N.Y., Aug. 20, 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 September 30, 2024, to shareholders of record at the close of business on September 3, 2024.

About M&TM&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern 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.

BUFFALO, N.Y., Aug. 14, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Barclays Global Financial Services Conference being held in New York City.  Representatives of M&T are scheduled to deliver a presentation to investors and analysts on September 11, 2024, at 8:15 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.

Updates to M&T's Affordable Housing Platform Reinforce Bank's Commitment to its Clients and Communities

NEW YORK, Aug. 12, 2024 /PRNewswire/ -- M&T Bank (NYSE: MTB) today announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank. Kolluri will execute M&T's affordable housing business strategy and establish operational processes and governance structures to ensure the efficient delivery of first-rate customer service to its affordable housing clients. In addition, she will continue to strengthen the M&T's existing affordable housing relationships while establishing new regional and national customers to generate additional business opportunities.

BUFFALO, N.Y., July 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $655 million or $3.73 of diluted earnings per common share.

(Dollars in millions, except per share data)

2Q24

1Q24

2Q23

Earnings Highlights

Net interest income

$        1,718

$        1,680

$        1,799

Taxable-equivalent adjustment

13

12

14

Net interest income - taxable-equivalent

1,731

1,692

1,813

Provision for credit losses

150

200

150

Noninterest income

584

580

803

Noninterest expense

1,297

1,396

1,293

Net income

655

531

867

Net income available to common shareholders - diluted

626

505

841

Diluted earnings per common share

3.73

3.02

5.05

Return on average assets - annualized

1.24 %

1.01 %

1.70 %

Return on average common shareholders' equity - annualized

9.95

8.14

14.27

Average Balance Sheet

Total assets

$     211,981

$     211,478

$     204,376

Interest-bearing deposits at banks

29,294

30,647

23,617

Investment securities

29,695

28,587

28,623

Loans and leases, net of unearned discount

134,588

133,796

133,545

Deposits

163,491

164,065

159,399

Borrowings

16,452

16,001

15,055

Selected Ratios

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

Net interest margin

3.59 %

3.52 %

3.91 %

Efficiency ratio

55.3

60.8

48.9

Net charge-offs to average total loans - annualized

.41

.42

.38

Allowance for credit losses to total loans

1.63

1.62

1.50

Nonaccrual loans to total loans

1.50

1.71

1.83

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

11.44

11.08

10.59

Common shareholders' equity per share

$      153.57

$      150.90

$      143.41

BUFFALO, N.Y., July 10, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock:

BUFFALO, N.Y., June 28, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or the "Company") (NYSE: MTB) today announced the Federal Reserve Board has determined the Company's preliminary stress capital buffer ("SCB") requirement is 3.8%, down from 4.0% previously. The Federal Reserve Board will provide the Company's final SCB requirement on or before Aug. 31, 2024. Once finalized, the new SCB requirement will be in effect beginning on October 1, 2024.

The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%.