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 customer satisfaction.

• Commitment to empowering employees and delivering reliable results for shareholders across economic cycles.

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% and efficiency ratio at 56% in 2025.

• 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% in 3Q25 and repurchased 9% of outstanding shares in 2025.

• CET1 capital ratio at 10.4% as of 3/31/2026, with expectations to maintain 10–10.5% in 2026.

• Tangible book value per share (TBVPS) grew 4% YoY, with cumulative TBVPS growth of 45.9% from 2020–2025.

• Dividend and TBVPS growth consistently outpace peer medians over 5, 10, and 20 years.