Investor Presentaiton
7
Key Ratios
Superior Pre-Credit Earnings
2017
2018
2019
2020
2021
2022
4Q '21
3Q '22
4Q '22
Net Interest Margin
3.47%
3.83%
3.84%
3.16%
2.76%
3.39%
(1)
Efficiency Ratio - Operating
55.07%
54.79%
55.66%
56.35%
59.02%
56.62%
(1)
PPNR
2,492
2,640
2,723
2,570
2,380
3,128
2.58%
59.71%
585
3.68%
53.57% 53.27%
4.06%
963
1,101
(1)
PPNR to RWA
2.53%
2.72%
2.70%
2.44%
2.27%
2.42%
2.24%
2.64%
2.97%
Strong Credit Metrics
Allowance to Loans (As At)
1.16%
1.15%
1.16%
1.76%
1.58%
1.46%
1.58%
1.46%
1.46%
Net Charge-Offs to Loans
0.16%
0.15%
0.16%
0.26%
0.20%
0.13%
0.13%
0.20%
0.12%
Focused on Returns
Net Operating Return on:
Tangible Assets
(1)(2)
Tangible Common Equity (1)(2)
1.23%
1.72%
1.69%
1.04%
1.28%
1.35%
13.00%
19.09%
19.08%
12.79%
16.80%
16.70%
1.23% 1.44% 1.70%
15.98% 17.89% 21.29%
Consistent Capital Generation
Tangible Common Equity to Tangible Assets
9.10%
8.31%
8.55%
7.49%
7.68%
Common Equity Tier 1 Ratio
10.99%
10.13%
9.73%
10.00%
11.42%
Tier 1 Capital Ratio
12.26%
11.38%
10.94%
11.17%
13.11%
7.63%
10.44%
11.79%
7.68% 7.70% 7.63%
11.42% 10.75% 10.44%
13.11% 12.13% 11.79%
Balance Sheet (As At)
Loans to Deposits
Securities to Assets
95.19%
98.13%
12.37%
10.57%
95.94%
7.92%
82.25%
4.94%
70.63%
4.61%
80.46%
12.56%
70.63%
4.61%
78.26% 80.46%
12.43% 12.56%
Notes:
(1) The Efficiency Ratio and Pre-provision Net Revenue are non-GAAP financial measures. The Efficiency Ratio reflects non-interest expense (excluding amortization expense associated with intangible assets
and merger-related expenses) as a percentage of fully taxable-equivalent net interest income and non-interest revenues (excluding gains or losses from securities transactions and merger-related gains)
(2) Excludes merger-related gains and expenses and amortization expense associated with intangible assets.
M&T Bank CorporationView entire presentation