M&T Bank (MTB) Investor presentation summary

Strategic priorities and mission

• Focus on operational excellence, scalable infrastructure, and customer-centric experiences to drive profitability and growth.

• Emphasis on integration across markets and business lines to accelerate regional growth and improve client experience.

• Mission centers on making a difference in people's lives, supporting communities, empowering employees, and delivering reliable results for shareholders.

Financial performance and returns

• Achieved record net operating income of $2.9B (+10% YoY) and net operating EPS of $17.20 (+16% YoY) in 2025.

• Return on tangible assets at 1.43% and return on tangible common equity at 15.36% for 2025.

• Top quartile net interest margin (NIM) at 3.67% while growing loans and improving asset quality.

• Consistent outperformance in ROTA and ROTCE compared to peers, with a long-term target of 1.25% ROTA and 17% ROTCE.

Capital management and shareholder returns

• Increased quarterly dividend by 11% and repurchased 9% of outstanding shares in 2025.

• CET1 ratio including AOCI at 11.0% as of 12/31/2025, with a target of 10.25%-10.5% for 2026.

• Tangible book value per share (TBVPS) grew 7% YoY, with cumulative TBVPS and dividend growth outpacing peers over 5, 10, and 20 years.