M&T Bank (M&T Bank) Credit Losses Provision

: $725 Mil (As of Dec. 2023)

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M&T Bank's credit losses provision for the three months ended in Dec. 2023 was $225 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $725 Mil.

M&T Bank's quarterly credit losses provision stayed the same from Jun. 2023 ($150 Mil) to Sep. 2023 ($150 Mil) but then increased from Sep. 2023 ($150 Mil) to Dec. 2023 ($225 Mil).

M&T Bank's annual credit losses provision increased from Dec. 2021 ($-75 Mil) to Dec. 2022 ($275 Mil) and increased from Dec. 2022 ($275 Mil) to Dec. 2023 ($645 Mil).

M&T Bank Credit Losses Provision Historical Data

The historical data trend for M&T Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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M&T Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

176.00

800.00

-75.00

275.00

645.00

M&T Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision																120.00	150.00	150.00	225.00	200.00

M&T Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $725 Mil.

M&T Bank (M&T Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M&T Bank Corp (NYSE:MTB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

MTBPH.PFD:USA MTB_KZ:Kazakhstan MTZ:Germany

Address

One M&T Plaza, Buffalo, NY, USA, 14203

Website

https://www.mtb.com

M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.

Executives

John P Barnes	director	C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, BRIDGEPORT CT 06604
Kirk W Walters	director	C/O PEOPLE'S UNITED BANK, 850 MAIN STREET, 16TH FLOOR, BRIDGEPORT CT 06604
Gary N Geisel	director	C/O PROVIDENT BANKSHARES CORP, 114 LEXINGTON STREET, BALTIMORE MD 21202
Robert J Bojdak	officer: Executive Vice President	ONE FOUNTAIN PLAZA, BUFFALO NY 14203
Doris P. Meister	officer: Executive Vice President	1100 NORTH MARKET STREET, WILMINGTON DE 19801
Daryl N. Bible	officer: Sr. EVP & CFO	214 N TRYON STREET, CHARLOTTE NC 28202
John R. Taylor	officer: EVP & Controller	ONE M&T PLAZA, BUFFALO NY 14203
Ledgett Richard H. Jr.	director	1052 ST. STEPHENS CHURCH ROAD, CROWNSVILLE MD 21032
Carlton J. Charles	director	300 WEST 57TH STREET, NEW YORK NY 10019
Warman D Scott N	officer: Senior Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Michael J. Todaro	officer: Executive Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Michele D Trolli	officer: Exec. VP & Chief Info. Officer	465 MAIN STREET, 8TH FLOOR, BUFFALO NY 14203
Edna Jennifer Warren	officer: Executive Vice President	ONE M&T PLAZA, BUFFALO NY 14203
Christopher E Kay	officer: Executive Vice President	500 W MAIN STREET, LOUISVILLE KY 40202
Kevin J Pearson	officer: Executive Vice President