M&T Bank Corporation is a financial holding company that provides a wide range of banking, trust, and investment services. The company's core business model revolves around offering retail and commercial banking services, wealth management, and investment services to a diverse customer base. M&T operates primarily in the Northeastern and Mid-Atlantic regions of the United States, with a significant presence in New York State. The company's competitive advantages include a strong regional presence, a diverse range of financial services, and a long history of operating in the banking sector. M&T's competitive landscape includes other regional and national banks, as well as non-bank financial service providers.

• Employees: 22,223 (as of December 31, 2023)
• Geographic Footprint: Primarily in the Northeastern and Mid-Atlantic U.S., with a commercial banking office in Ontario, Canada
• Number of locations/facilities: 961 domestic banking offices
• Revenue: $10.2 billion (FY2023)
• Market capitalization: $19.9 billion (as of June 30, 2023)
• Key Subsidiaries or Brands: M&T Bank, Wilmington Trust, N.A.
• Year founded: 1969 (Incorporated)
• Headquarters location: Buffalo, New York

• CEO: René F. Jones
• CFO: Daryl N. Bible
• Board Chair: René F. Jones
• Other Key Executives: Kevin J. Pearson (Vice Chairman), Robert J. Bojdak (Chief Credit Officer), Peter G. D'Arcy (Head of Commercial Banking), Christopher E. Kay (Head of Enterprise Platforms), Darren J. King (Head of Retail Banking), Doris P. Meister (Head of Wealth Management), Laura P. O'Hara (Chief Legal Officer), Michael J. Todaro (Chief Risk Officer), Julianne Urban (Chief Auditor), Jennifer Warren (Head of Institutional Services), Tracy S. Woodrow (Chief Administrative Officer)

Key executives have extensive experience in the financial services industry, with average executive tenure of 17 years.

• Annual Revenue: $10.2 billion (FY2023)
• Net Income: $2.7 billion (FY2023)
• Market Cap: $19.9 billion (as of June 30, 2023)
• Total Assets: $208.3 billion (as of December 31, 2023)
• Number of employees: 22,223 (as of December 31, 2023)
• Key Financial Highlights: Net interest income of $7.1 billion, provision for credit losses of $645 million, and net income of $2.7 billion.

M&T offers a wide array of financial products and services, including:

• Retail Banking: Checking and savings accounts, mortgages, credit cards, and personal loans.
• Commercial Banking: Lending, leasing, and deposit services for businesses, professional clients, and governmental entities.
• Trust and Wealth Management: Fiduciary services, investment management, and financial planning for individuals and institutions.
• Investment Services: Brokerage and securities services.

Flagship offerings include a comprehensive suite of digital banking tools and personalized wealth management solutions.

M&T operates through three reportable segments:

• Commercial Bank: Provides a range of credit products and banking services to middle-market and large commercial customers.
• Retail Bank: Offers banking services to consumers and small businesses through branches and other delivery channels.
• Institutional Services and Wealth Management: Provides trust, agency, investment management, and other services to institutions and high-net-worth individuals.

Revenue breakdown by segments is not explicitly provided in the 10-K filing, but the company's operations are split across these three segments.

M&T's strategic priorities include maintaining a strong capital position, managing credit risk, and enhancing customer experience. The company aims to grow its business through organic expansion and strategic acquisitions, while also focusing on innovation and technology to improve its service offerings. Key initiatives include leveraging its expanded geographic footprint following the acquisition of People's United and investing in digital capabilities. M&T's long-term goals include sustainable growth and profitability, while maintaining a strong risk profile.

M&T operates in the financial services industry, which is highly competitive and subject to various market trends. Key trends affecting the business include rising interest rates, increased regulatory scrutiny, and the growing influence of financial technology companies. The company's market position is strong in its core operating regions, but it faces competition from other regional and national banks, as well as non-bank financial service providers. Specific market share information is not available in the 10-K filing.

• Market Risks: Exposure to fluctuations in interest rates, volatility in debt and equity markets, and regional economic conditions.
• Operational Risks: Potential for interruptions or breaches in information systems, cybersecurity attacks, and reliance on third-party service providers.
• Credit Risks: Possibility of borrowers defaulting on loans, including commercial real estate loans, and potential for higher FDIC assessments.
• Regulatory Risks: Exposure to extensive government regulation and supervision, including changes in capital and liquidity requirements.