M&T Bank Corp Recasts Other Income and Loan Balance Sheet Classifications

Overview of Filing

On September 28, 2026, M&T Bank Corporation (NYSE: MTB) filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits).

Key Disclosures

1. Other Income Presentation Changes:

   • Effective for the third quarter of 2026, M&T is revising the classification of categories within non-interest income (Other income).
   • Trust and Investment Services Income: Merges Trust income and Brokerage services income into a single line.
   • Card Revenues: Consolidates credit card interchange and merchant discount revenue (previously in Other revenues from operations) with debit card interchange revenue (previously in Service charges on deposit accounts).
   • Service Charges on Deposit Accounts: Excludes debit card interchange fees going forward.
   • Capital Markets and Advisory Revenues: Incorporates trading non-hedging derivative gains, loan syndication, underwriting, and advisory fees.
   • No Net Income Impact: Management confirmed these reclassifications have zero impact on total other income, pre-tax income, net income, or diluted earnings per share.

2. Balance Sheet Loan Categorization:

   • Starting in Q3 2026, loans held for sale will be presented separately from loans held for investment on the Consolidated Balance Sheet and Average Balance Sheet disclosures.
   • Annualized taxable-equivalent rates and loan-based credit quality metrics will correspondingly exclude loans held for sale.

3. Supplemental Historical Information:

   • Exhibit 99.1 provides unaudited retrospective adjustments for the prior quarters (Q1 2025 through Q2 2026) to assist analysts and investors in updating their financial models ahead of Q3 2026 earnings.

Market & Trading Significance

• Trading Significance: Low.
• The adjustments are strictly informational and presentational recasts with no impact on cash flows, earnings power, capital adequacy, or net profitability.