M&T BANK CORPORATION
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $818.0M | $664.0M | $759.0M | $792.0M | $716.0M | $584.0M | $681.0M | $721.0M |
| Depreciation & Amortization | $77.0M | $79.0M | $80.0M | $79.0M | $81.0M | $83.0M | $81.0M | $76.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $7.0M | $9.0M | $10.0M | $10.0M | $9.0M | $13.0M | $13.0M | $12.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.27B | $1.01B | $523.0M | $1.00B | $844.0M | $635.0M | $1.68B | $-28.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.83B | $-4.32B | $-3.83B | $-423.0M | $-2.21B | $-349.0M | $-6.90B | $-1.39B |
| Financing Activities | ||||||||
| Dividends Paid | $218.0M | $227.0M | $228.0M | $233.0M | $213.0M | $225.0M | $224.0M | $225.0M |
| Stock Repurchases | $460.0M | $1.24B | $502.0M | $404.0M | $1.07B | $656.0M | $198.0M | $198.0M |
| Net Cash from Financing Activities | $3.65B | $891.0M | $1.26B | $-1.18B | $28.0M | $1.70B | $-4.28B | $1.85B |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |