M&T Bank Corporation Releases 1Q 2024 Investor Presentation

Details

The presentation is attached as Exhibit 99.1. M&T reported net interest income of $1.680 billion to $1.700 billion, with a net interest margin in the mid 3.50s, and non-interest income of $575 million to $590 million. Expenses are expected to be $1.365 billion to $1.380 billion, including seasonal compensation of $100 to $105 million. The presentation also provided an outlook for 2024, including expected net interest income of $6.7 billion to $6.8 billion, fee income of $2.3 billion to $2.4 billion, and net charge-offs of ~40 basis points. M&T shared its strategy to manage interest rate risk through securities purchases and hedging activities, aiming to protect net interest income in a flat or declining rate environment. Additionally, M&T highlighted its strong liquidity position, diversified funding base, and strategic focus on local scale and community engagement.

Items reported

Exhibits (1)

About M&T Bank Corporation

M&T Bank Corporation is a prominent financial holding company that provides a range of banking services to its clients. As a key player in the financial industry, M&T Bank focuses on offering a comprehensive suite of banking solutions, including commercial banking, retail banking, investment advisory, and wealth management services. Known for its community-centric approach, the corporation plays a vital role in financing small and medium-sized enterprises, thereby supporting local economies and fostering economic growth across its service regions. M&T Bank operates through a vast network of branches located primarily in the Eastern United States, leveraging its intimate knowledge of regional markets to provide personalized services to individuals, businesses, and government entities. Established in 1856 and headquartered in Buffalo, New York, M&T Bank has grown through a series of strategic acquisitions, enhancing its market presence and financial stability. The corporation's commitment to reliability and its strong financial underpinnings make it a respected institution in the banking landscape, recognized for its consistent performance and community involvement.