M&T Bank (MTB) risk factors: FY2025 10-K

1. Weakness in the economy, or fluctuations in market factors, has adversely affected the Company in the past and may adversely affect the Company in the future.reworded
2. The Company’s business and financial performance is impacted significantly by market interest rates and movements in those rates. The monetary and other related policies of governmental agencies, including the Federal Reserve, have a significant impact on interest rates and overall financial market performance over which the Company has no control and which the Company may not be able to anticipate adequately.Interest rates
3. The Company is routinely subject to examinations from various governmental taxing authorities that may result in challenges to the Company’s tax return treatment.
4. The Company’s business and performance is vulnerable to the impact of volatility in debt and equity markets.
5. The Company’s regional concentrations expose it to adverse economic conditions in its primary retail banking office footprint.
6. The discontinuation of benchmark rates as permissible rate indices in new contracts and the development of alternative benchmark indices to replace discontinued benchmarks could adversely impact the Company’s business and results of operations.

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1. The Company is subject to extensive government regulation and supervision and this regulatory environment can be and has been significantly impacted by financial regulatory reform initiatives.
2. The Company may be subject to more stringent capital and liquidity requirements.reworded
3. M&T’s ability to return capital to shareholders and to pay dividends on common stock may be adversely affected by market and other factors outside of its control and will depend, in part, on the results of supervisory stress tests administered by the Federal Reserve.
4. If an orderly liquidation of a systemically important BHC or non-bank financial company were triggered, M&T could face assessments for the OLF.
5. Deteriorating credit quality could adversely impact the Company.
6. The Company may be adversely affected by the soundness of other financial institutions.

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1. The Company must maintain adequate sources of funding and liquidity.
2. If the Company is unable to maintain or grow its deposits, it may be subject to paying higher funding costs.
3. M&T relies on dividends from its subsidiaries for its liquidity.

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1. The financial services industry is highly competitive and creates competitive pressures that could adversely affect the Company’s revenue and profitability.
2. Difficulties in obtaining regulatory approval for acquisitions and in combining the operations of acquired entities with the Company’s own operations may prevent M&T from achieving expected benefits from acquisitions.
3. The Company could suffer if it fails to attract and retain skilled personnel.

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1. The Company is subject to operational risk which could adversely affect the Company’s business and reputation and create material legal and financial exposure.
2. The Company’s information systems may experience interruptions or breaches in security, such as cyber attacks, including due to events beyond the Company’s control.rewordedCybersecurity
3. The Company could incur higher costs, experience lower revenue, and suffer reputational damage in the event of the theft, loss or misuse of information, including due to a cyber attack.Cybersecurity
4. The Company is subject to laws and regulations relating to the privacy of the information of customers, clients, employees or others, and any failure to comply with these laws and regulations could expose the Company to liability and/or reputational damage.
5. M&T relies on other companies to provide key components of the Company’s business infrastructure.
6. The development and use of AI, including by third parties, presents risks and challenges that may adversely impact M&T.AI
7. The Company is or may become involved from time to time in suits, legal proceedings, information-gathering requests, investigations and proceedings by governmental and self-regulatory agencies that may lead to adverse consequences.

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1. Changes in accounting standards could impact the Company’s reported financial condition and results of operations.
2. The Company’s reported financial condition and results of operations depend on management’s selection of accounting methods and require management to make estimates about matters that are uncertain.
3. The Company’s models used for business planning purposes could perform poorly or provide inadequate information.
4. The Company's reputation may be harmed, which could negatively impact investor and customer confidence.new
5. The Company’s framework for managing risks may not be effective.
6. Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company’s business.
7. The Company’s assets, communities, operations, reputation and customers could be adversely affected by the impacts of climate-related risk.reworded

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Headings in the FY2024 10-K with no match this year.

1. The Company is exposed to reputational risk which could negatively impact investor and customer confidence.