M&T BANK CORP (MTB) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that M&T BANK CORP surfaced in its latest filing.

• FOMC increased federal funds target interest rate through several hikes during 2022 and 2023, held it elevated, then decreased it in September through December 2024, maintained in 2025, and decreased again in each of September, October and December 2025.2022-2025
• Banking regulators proposed changes regarding regulation and supervision of banking organizations with $100 billion or more in assets following 2023 bank failures.2023
• Litigation challenging the Federal Reserve's regulation on permissible interchange fees resulted in a district court ruling against the Federal Reserve in August 2025, vacating the regulation but stayed pending appeal.August 2025
• A July 2023 proposal would revise the Basel capital framework.July 2023
• An August 2023 long-term debt proposal would require M&T to hold more long-term debt.August 2023
• M&T's Stress Capital Buffer (SCB) was 2.7% at December 31, 2025.December 31, 2025
• In July 2025, the GENIUS Act was signed into law, establishing a regulatory framework for payment stablecoins.July 2025
• In 2023, a global cybersecurity incident involving MOVEit file transfer software compromised certain Company customer information held by external service providers.2023
• The NYSDFS issued guidance in December 2023 for New York State-regulated banking and mortgage institutions on managing material financial risks from climate change.December 2023