On this page of StockholderLetter.com we present the latest annual shareholder letter from M&T BANK CORP — ticker symbol MTB. Reading current and past MTB letters to shareholders can bring important insights into the investment thesis.

 •  3/4/2025 Letter Continued (Full PDF)
 •  3/7/2023 MTB Stockholder Letter
 •  3/5/2024 MTB Stockholder Letter
 •  More "Banking & Savings" Category Stockholder Letters
 •  MTB Benford's Law Stock Score = 100

MTB Shareholder/Stockholder Letter Transcript:

M &T B A N K C O R P O R AT I O N
2024 MESSAGE TO SHAREHOLDERS

Shaping
tomorrow
together.

At M&T Bank, together is our foundation. It   s our authentic commitment
to each and every one of our customers. It   s alive in the principles that
have guided us through every market cycle. It   s a reflection of our deep
involvement in the communities we serve. It   s the defining characteristic
of a bank that cares. It   s a thread that connects every aspect of what we
do. Our focus on together not only sets us apart as a brand, it sets us
up for success in our mission of unifying communities and helping our
customers meet their goals.

Table of
Contents
These aspects have been brought to life on the cover of this year   s
message to shareholders by Ophelia M. Chambliss, an artist
originally from Chicago, Illinois, who calls York, Pennsylvania,
home. Her work is rooted in a desire to represent the human
experience. In addition to her continuous line drawings and
paintings, she creates public art and murals, as they can be a
tool to build community and inspire. The cover artwork features
individuals united by M&T   s brand symbol: the ampersand.
It also features a prominent unifying line   symbolic of the connection we all have with one another.
The art is made up of an array of colors and M&T   s signature shades of green are incorporated
throughout to represent our immersion in each of the markets we serve.
This message to shareholders continues the tradition of featuring works of artists with strong connections
to the communities served by M&T Bank.

M &T BA N K C O R P O R AT I O N
CONTENTS
Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ii
The Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v
Officers and Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xxvii
ANNUAL MEETING
The annual meeting of shareholders will take place at 11:00 a.m. Eastern
Time on April 15, 2025. The meeting will be a virtual annual meeting
conducted via live webcast.
PROFILE
M&T Bank Corporation is a bank holding company headquartered in
Buffalo, New York, which had assets of $208.1 billion at December 31, 2024.
M&T Bank Corporation   s subsidiaries include:
M&T Bank
Wilmington Trust, National Association
M&T Securities, Inc.
M&T Bank has banking offices in New York State, Maryland, New Jersey,
Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont,
New Hampshire, Virginia, West Virginia and the District of Columbia.
M&T Bank   s subsidiaries include:
M&T Realty Capital Corporation
Wilmington Trust Company
Wilmington Trust Investment Advisors, Inc.



 3/4/2025 Letter Continued (Full PDF)