美国制商银行 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549_______________________ FORM10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period endedSeptember 30, 2025 Commission File Number1-9861_______________________ M&T BANK CORPORATION (Exact name of registrant as specified in its charter)_______________________ 16-0968385 (State or other jurisdiction ofincorporation or organization) Title of Each Class Common Stock, $0.50 par valuePerpetual Fixed-to-Floating RateNon-Cumulative Preferred Stock, Series HPerpetual Fixed Rate Non-CumulativePreferred Stock, Series J Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days.xYes oNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).xYes oNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).oYes xNo Number of shares of the registrant's Common Stock, $0.50 par value, outstanding as of the close of business on October23, 2025:153,690,781shares. M&T Bank Corporation FORM 10-Q For the Quarterly Period Ended September30, 2025 Item 1.Financial Statements (Unaudited)5Consolidated Balance Sheet– September30, 2025 and December31, 20245Consolidated StatementofIncome–Three and nine months ended September 30, 2025 and 20246Consolidated StatementofComprehensive Income–Three and nine months ended September 30, 2025 and20247Consolidated StatementofCash Flows–Nine months ended September 30, 2025 and 20248Consolidated Statementof ChangesinShareholders' Equity–Three and nine months ended September 30,2025 and 20249Notes to Financial Statements101. Significant accounting policies102. Divestitures103. Investment securities114. Loans and allowance for loan losses145. Borrowings256. Shareholders' equity267. Revenue from contracts with customers278. Pension plans and other postretirement benefits289. Earnings per common share2910. Comprehensive income3011. Derivative financial instruments3212. Variable interest entities and asset securitizations3513. Fair value measurements3714. Commitments and contingencies4015. Segment information4216. Relationship with BLG and Bayview Financial43 Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations44Financial Overview44Supplemental Reporting of Non-GAAP Results of Operations45Taxable-equivalent Net Interest Income46Provision for Credit Losses55Other Income63Other Expense67Income Taxes67Liquidity Risk68Market Risk and Interest Rate Sensitivity70Capital72Segment Information74Recent Accounting Developments80Forward-Looking Statements80 Table of Contents, continuedQuarterly TrendsReconciliationofQuarterlyGAAP toNon-GAAPMeasuresItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPart II.Other InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Glossary of Terms The following listing includes acronyms and terms used throughout the document. See accompanying notes to financial statements. 1. Significant accounting policies The consolidated interim financial statements of the Company were compiled in accordance with GAAP using theaccounting policies set forth in note 1 of Notes to Financial Statements included in M&T's 2024 Annual Report. Thefinancial statements contain all adjustments which are, in the opinion of management, necessary for a fair statementof the Company's financial position, results of operations and cash flows for the interim periods presented. The following table provides a description of accounting standards applicable to M&T but not yet adopted atSeptember30, 2025. Recent accounting developments 2. Divesti