Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2022

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-9861

M&T BANK CORPORATION

(Exact name of registrant as specified in its charter)

New York16-0968385
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
One M & T Plaza Buffalo, New York14203
(Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code:

(716) 635-4000

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolsName of Each Exchange on Which Registered
Common Stock, $.50 par valueMTBNew York Stock Exchange
Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HMTBPrHNew York Stock Exchange

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 during the 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 requirements for the past 90 days. ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation 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). ☒ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

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 or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

Number of shares of the registrant's Common Stock, $0.50 par value, outstanding as of the close of business on April 29, 2022: 179,417,450 shares.

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M&T BANK CORPORATION

FORM 10-Q

For the Quarterly Period Ended March 31, 2022

Table of Contents of Information Required in ReportPage
Part I. FINANCIAL INFORMATION
Item 1.Financial Statements.
CONSOLIDATED BALANCE SHEET – March 31, 2022 and December 31, 20213
CONSOLIDATED STATEMENT OF INCOME – Three months ended March 31, 2022 and 20214
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – Three months ended March 31, 2022 and 20215
CONSOLIDATED STATEMENT OF CASH FLOWS – Three months ended March 31, 2022 and 20216
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY – Three months ended March 31, 2022 and 20217
NOTES TO FINANCIAL STATEMENTS8
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations.44
Item 3.Quantitative and Qualitative Disclosures About Market Risk.77
Item 4.Controls and Procedures.77
Part II. OTHER INFORMATION
Item 1.Legal Proceedings77
Item 1A.Risk Factors.77
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds78
Item 3.Defaults Upon Senior Securities.78
Item 4.Mine Safety Disclosures.78
Item 5.Other Information.78
Item 6.Exhibits.79
SIGNATURES81

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PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements.