Investor Presentaiton

Work Toward Building Optimal Balance Sheet Structure Continues Optimizing Balance Sheet to Align with Operating Principles % of Interest Earning Assets Const. & Dev. 6% (2%) 4% CRE Permanent 13% 15% ☐ Owner-Occ. 5% 6% C&I 16% +7% 23% Shifting Loan Mix Reducing Capital Intensive CRE Diversifying with increased Mix of C&I CRE, C&I and Consumer & RRE each approaching approximately one third of loan portfolio Consumer 13% 11% ■ RRE 11% Securities 5% 13% +9% 14% Short-Term 30% Investments (1) (16%) 14% Notes: PPP 1% 4Q21 4Q22 Total Earning Assets (EOP) $142B $182B Increasing Fixed Rate Exposure Continued Residential Mortgage retention through 2022 Increased Securities concentration with 2022 purchases and People's contribution Managing the derivatives hedge portfolio 11 (1) Includes Interest-bearing deposits at banks, Federal funds sold and agreements to resell securities, and Trading Account M&T Bank Corporation

View entire presentation