Investor Presentaiton
2
Disclaimer
This presentation may contain forward-looking statements regarding M&T Bank
Corporation ("M&T") within the meaning of the Private Securities Litigation Reform Act of
1995. Any statement that does not describe historical or current facts is a forward-looking
statement, including statements based on current expectations, estimates and projections
about M&T's business, and management's beliefs and assumptions.
Statements regarding the potential effects of events or factors specific to M&T and/or the
financial industry as a whole, as well as national and global events generally, on M&T's
business, financial condition, liquidity and results of operations may constitute forward-
looking statements. Such statements are subject to the risk that the actual effects may
differ, possibly materially, from what is reflected in those forward-looking statements due
to factors and future developments that are uncertain, unpredictable and in many cases
beyond M&T's control. As described further below, statements regarding M&T's
expectations or predictions regarding M&T's recent acquisition of People's United
Financial Inc. are also forward-looking statements, including statements regarding the
expected financial results, prospects, targets, goals and outlook.
Forward-looking statements are typically identified by words such as "believe," "expect,"
"anticipate," "intend," "target," "estimate," "continue," or "potential," by future conditional
verbs such as "will," "would," "should," "could," or "may," or by variations of such words or
by similar expressions. These statements are not guarantees of future performance and
involve certain risks, uncertainties and assumptions ("future factors") which are difficult to
predict. Therefore, actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements.
Examples of future factors include: the impact of the People's United transaction (as
described in the next paragraph); economic conditions including inflation and market
volatility; international conflicts, domestic or international political developments and other
geopolitical events; the impact of the COVID-19 pandemic; changes in interest rates,
spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity;
prepayment speeds, loan originations, credit losses and market values on loans, collateral
securing loans, and other assets; sources of liquidity; common shares outstanding;
common stock price volatility; fair value of and number of stock-based compensation
awards to be issued in future periods; the impact of changes in market values on trust-
related revenues; legislation and/or regulations affecting the financial services industry
and/or M&T and its subsidiaries individually or collectively, including tax policy; regulatory
supervision and oversight, including monetary policy and capital requirements;
governmental and public policy changes; the outcome of pending and future litigation and
governmental proceedings, including tax-related examinations and other matters;
changes in accounting policies or procedures as may be required by the Financial
Accounting Standards Board, regulatory agencies or legislation; increasing price, product,
and service competition by competitors, including new entrants; rapid technological
developments and changes; the ability to continue to introduce competitive new products
and services on a timely, cost-effective basis; the mix of products and services; containing
costs and expenses; protection and validity of intellectual property rights; reliance on large
customers; technological, implementation and cost/financial risks in large, multi-year
contracts; continued availability of financing; financial resources in the amounts, at the
times and on the terms required to support M&T and its subsidiaries' future businesses;
and material differences in the actual financial results of merger, acquisition, divestment
and investment activities compared with M&T's initial expectations, including the full
realization of anticipated cost savings and revenue enhancements.
In addition, future factors related to M&T's acquisition of People's United Financial, Inc.
include, among others: the possibility that the anticipated benefits of the transaction will
not be realized when expected or at all; potential adverse reactions or changes to
business, customer or employee relationships; M&T's success in executing its business
plans and strategies and managing the risks involved in the foregoing; the results and
costs of integration efforts; the business, economic and political conditions in the markets
in which M&T operates; the outcome of any legal proceedings that may be instituted
against M&T or its subsidiaries; and other factors related to the acquisition that may affect
future results of M&T.
These are representative of the future factors that could affect the outcome of the
forward-looking statements. In addition, such statements could be affected by general
industry and market conditions and growth rates, general economic and political
conditions, either nationally or in the states in which M&T and its subsidiaries do business,
including interest rate and currency exchange rate fluctuations, changes and trends in the
securities markets, and other future factors.
M&T provides further detail regarding these risks and uncertainties in its Form 10-K for
the year-ended December 31, 2022, including in the Risk Factors section of such report,
as well as in other SEC filings. Forward-looking statements speak only as of the date
made, and M&T does not assume any duty and does not undertake to update forward-
looking statements.
Annualized, pro forma, projected, and estimated numbers are used for illustrative
purposes only, are not forecasts and may not reflect actual results.
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