MTB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Effective January 1, 2026, the Company elected to prospectively measure its residential mortgage loan servicing right assets at fair value with changes in fair value reflected in mortgage banking revenues. As a result, amortization associated with residential mortgage loan servicing right assets pre…

• The decrease in net income in the recent quarter as compared with the fourth quarter of 2025 resulted from the following:

• •Net interest income on a taxable-equivalent basis decreased $27 million reflective of two less calendar days in the recent quarter. The Company's net interest margin widened by 2 basis points as a reduction in rates paid on interest-bearing liabilities outpaced the decline in yields received on ear…

• •The provision for credit losses increased $15 million reflecting the potential negative impact of global conflicts on economic forecasts and a higher provision for unfunded credit commitments, partially offset by a decrease in the level of criticized loans.

• •Noninterest income decreased $7 million resulting from lower mortgage banking revenues, inclusive of the effects of the Company's accounting election discussed herein, and a decline in trading account and other non-hedging derivative gains, partially offset by higher other revenues from operations …

Text removed vs the prior filing · source: 10-Q · 2025-10-27

• The increase in net income in the recent quarter as compared with the second quarter of 2025 resulted from the following:

• •Net interest income on a taxable-equivalent basis increased $51 million reflecting an additional day of earnings, favorable earning assets and interest-bearing liabilities repricing and the impact of $20 million of lower taxable-equivalent interest income in the second quarter of 2025 resulting fro…

• •Noninterest income increased $69 million reflecting higher residential mortgage banking revenues and a rise in other revenues from operations resulting from a $28 million distribution of an earnout payment related to the Company's 2023 sale of its CIT business, a $20 million distribution from M&T's…

• •Noninterest expense increased $27 million reflecting higher severance-related expense, an impairment of a renewable energy tax-credit investment and an increase in expenses associated with M&T's supplemental executive retirement savings plan, partially offset by lower FDIC assessments.

• The increase in net income for the nine months ended September 30, 2025 as compared with the same 2024 period reflected the following:

Text added vs the prior filing · source: 10-Q · 2026-05-05

• On March 5, 2026, Kevin J. Pearson, Vice Chairman, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The arrangement will terminate on or before January 29, 2027. Under the arrangement, a maximum aggregate number of 6,000 shares may be sold and a…

• On March 6, 2026, Tracy S. Woodrow, Senior Executive Vice President, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The arrangement will terminate on or before February 26, 2027. Under the arrangement, a maximum aggregate number of 881 vested …

• No executive officers and no directors terminated or modified a Rule 10b5-1 trading arrangement in the three months ended March 31, 2026.

Text removed vs the prior filing · source: 10-Q · 2025-10-27

• On September 9, 2025, René F. Jones, Chairman and Chief Executive Officer, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The arrangement will terminate on or before June 30, 2026. Under the arrangement, a maximum aggregate number of 124,679 v…

• No executive officers and no directors terminated or modified a Rule 10b5-1 trading arrangement in the three months ended September 30, 2025.