secwatch.observer — SEC 8-K summary
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Issuer:     M&T BANK CORP (MTB)
CIK:        0000036270
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001628280-25-001667
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

M&T Bank reports Q4 2024 net income of $681M, diluted EPS $3.86
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- Net income for Q4 2024 was $681 million, or $3.86 diluted EPS, down from $721 million in Q3 2024 but up from $482 million in Q4 2023.
- Estimated CET1 capital ratio rose to 11.67% at Dec 31, 2024, from 11.54% at Sep 30, 2024, marking the seventh consecutive quarterly increase.
- M&T repurchased 957,988 shares at an average cost of $206.70 per share for a total cost of $200 million in Q4 2024.
- Nonaccrual loans improved to 1.25% of total loans at Dec 31, 2024, down from 1.42% at Sep 30, 2024 and 1.62% at Dec 31, 2023.
- Net interest margin narrowed to 3.58% in Q4 2024 from 3.62% in Q3 2024, with net interest income of $1.728 billion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36270/000162828025001667/0001628280-25-001667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36270/000162828025001667/mbt-20250116.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-001667

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