M&T Bank Corp Revises Other Income Presentation for Q3 2026

What Happened
M&T Bank Corporation (MTB) announced on September 28, 2026 (8‑K filed) that effective for the third quarter of 2026 it will reclassify several "Other income" line items on its Consolidated Statement of Income and will separately present loans held for sale from loans held for investment on its Consolidated Balance Sheet and related disclosures. The company provided unaudited supplemental historical financial information as of September 28, 2026 to conform prior periods to the new presentation. The filing was signed by Daryl N. Bible, Senior Executive Vice President and Chief Financial Officer.

Key Details

• The changes are presentation-only and will not affect total Other income, Income before taxes, Net income or earnings per common share.
• Trust and investment services income will combine prior Trust income and Brokerage services categories.
• Service charges on deposit accounts will exclude debit card interchange; a new "Card revenues" category will include credit-card interchange, merchant discounts and previously included debit interchange.
• Capital markets and advisory revenues will now include prior Trading account/non-hedging derivative gains and loan syndication/underwriting/advisory fees previously in Other revenues from operations. Mortgage banking revenues and Gain (loss) on bank investment securities are unchanged.
• Loans held for sale will be presented separately from loans held for investment in the balance sheet and in average balance/taxable-equivalent rate disclosures; impacted loan yields and certain loan-based credit ratios will exclude loans held for sale.
• Unaudited supplemental historical financial statements have been provided to align prior periods to the new presentation.

Why It Matters
These are accounting and reporting presentation changes—not changes to underlying results—so total revenue and earnings figures remain the same. However, the reclassifications change how revenue components are reported and how loan yields/ratios are calculated, which can affect trend analysis and comparability with prior periods and peer disclosures. Investors and analysts should review the supplemental historical financial information provided with the 8‑K when comparing quarterly results, revenue mix, and loan metrics going forward.