Investor Presentaiton

0% 1% 2% 1990 3% 4% 1991 1992 • Superior Credit Losses Through Multiple Economic Cycles M&T Credit Philosophy Consistent credit standards through economic cycles Emphasis on secured lending: cash flow + collateral + guarantees Customer selection, supported by local market knowledge Working with customers to achieve best long-term outcome S&L Crisis 5% 1993 1994 1995 1996 1997 1998 1999 2000 2001 NCO % of Loans 2001 Recession "Great Financial Crisis" COVID 19 Pandemic 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Industry MTB Peer Median Avg Max Range 0.34% 1.01% 0.88% 0.59% 2.41% 2.23% While M&T's long-term average nonaccrual rate has exceeded the peer median (1.1% vs. 0.9% for peers), its peak annual loss rate was 42% of the peer median - nonaccruals may not translate to losses 9 Source: S&P Global Market Intelligence and FRY9C. Note: Industry data represents all FDIC-insured institutions from the FDIC's Quarterly Banking Profile. Average, max, and range are FY1990-FY2022. 2019 2020 2021 1Q22 2Q22 3Q22 0.81% 2.56% 2.35% 4Q22 M&T Bank Corporation Peer Range Peer Median M&T Industry

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