M&T Bank, Galesi Group forge expanded partnership to fuel Mohawk Harbor's emergence as an entertainment destination

SCHENECTADY, N.Y., June 5, 2025 /PRNewswire/ -- M&T Bank (NYSE:MTB) and the Galesi Group have launched a major partnership that will expand their collaborative efforts to accelerate and sustain the revitalization of Schenectady's Mohawk Harbor. Under their agreement, M&T Bank has secured the exclusive naming rights to the new state-of the-art events venue that Galesi Group is building in the heart of Mohawk Harbor.

Building on one of pro football's longest-running brand partnerships, M&T signs deal to become a "founding partner" of the Bills' new Highmark Stadium

BUFFALO, N.Y., May 28, 2025 /PRNewswire/ -- M&T Bank (NYSE:MTB) and the Buffalo Bills announced a multi-year, long-term extension during a special event they held today to celebrate the 40th anniversary of their first sponsorship agreement and the community impact they've made together in the years since. M&T will remain the "Official Bank of the Buffalo Bills" and become a founding partner for the Bills' new Highmark Stadium, set to open in 2026.

BUFFALO, N.Y., May 21, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Morgan Stanley US Financials Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on June 11, 2025, at 7:30 am (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., May 20, 2025 /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 June 30, 2025, to shareholders of record at the close of business on June 2, 2025.

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 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., April 22, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) will participate in the Barclays Americas Select Franchise Conference being held in London. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on May 7, 2025, at 9:00 a.m. BST (4:00 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., April 15, 2025 /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., April 14, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $584 million or $3.32 of diluted earnings per common share.

(Dollars in millions, except per share data)

1Q25

4Q24

1Q24

Earnings Highlights

Net interest income

$        1,695

$        1,728

$        1,680

Taxable-equivalent adjustment

12

12

12

Net interest income - taxable-equivalent

1,707

1,740

1,692

Provision for credit losses

130

140

200

Noninterest income

611

657

580

Noninterest expense

1,415

1,363

1,396

Net income

584

681

531

Net income available to common shareholders - diluted

547

644

505

Diluted earnings per common share

3.32

3.86

3.02

Return on average assets - annualized

1.14 %

1.28 %

1.01 %

Return on average common shareholders' equity - annualized

8.36

9.75

8.14

Average Balance Sheet

Total assets

$     208,321

$     211,853

$    211,478

Interest-bearing deposits at banks

19,695

23,602

30,647

Investment securities

34,480

33,679

28,587

Loans and leases

134,844

135,723

133,796

Deposits

161,220

164,639

164,065

Borrowings

14,154

14,228

16,001

Selected Ratios

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

Net interest margin

3.66 %

3.58 %

3.52 %

Efficiency ratio (1)

60.5

56.8

60.8

Net charge-offs to average total loans - annualized

.34

.47

.42

Allowance for credit losses to total loans

1.63

1.61

1.62

Nonaccrual loans to total loans

1.14

1.25

1.71

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

11.50

11.68

11.08

Common shareholders' equity per share

$      163.62

$      160.90

$      150.90

MIDDLETOWN, Conn., April 8, 2025 /PRNewswire/ -- Mazzotta Rentals, Inc. (MRI), a leading provider of rental equipment solutions serving CT, MA, NY, RI, VT, NH, and ME in the construction, industrial, and infrastructure sectors, today announced it has secured an asset-based loan credit facility with M&T Bank (NYSE:MTB) as lead arranger and administrative agent.  The facility refinances existing debt and will support the company's continued growth and expansion efforts. The transaction is comprised of a $120 million revolving line of credit along with a $5 million term loan facility. The transaction also provides MRI with a $35 million accordion feature for future growth.

Funding is Part of M&T's $25 Million Amplify Fund Commitment

BUFFALO, N.Y., April 1, 2025 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE:MTB), today announced $4.9 million in grants to 51 nonprofit organizations across New England and Long Island and Westchester County, New York. The announcement of this third round concludes the company's Amplify Fund supplemental grant program, a three-year, $25 million commitment to address inequities, with a focus on all low- and moderate-income communities and underserved populations.

ALBANY, N.Y., March 20, 2025 /PRNewswire/ -- M&T Bank (NYSE: MTB) has announced Charles Pinckney, Regional President for Albany, will take on the additional responsibility of Regional President for M&T Bank's Hudson Valley region. Pinckney has assumed these additional responsibilities to help strengthen M&T's presence in the community and enhance service to customers throughout the region. Pinckney succeeds Mark Stellwag, who announced his planned retirement at the end of 2024.

In this expanded role, Pinckney will partner closely with the community bank leadership team for the Hudson Valley – including members of its retail banking, business banking, commercial banking, wealth management, government banking, and charitable teams.