BUFFALO,
N.Y., March 3, 2025 /PRNewswire/ -- M&T Bank
(NYSE:MTB) Chairman and CEO René Jones has released his annual
letter to shareholders, continuing a longstanding tradition of
reflecting on the bank's performance and sharing insights about the
state of the company, the economic conditions impacting its
communities, and the broader banking industry.
This year's letter:
- Highlights M&T's strong financial results in 2024, as it
continues to outperform peer banks.
- Comments on M&T's commitment to the fundamentals that
sustain it: managing liquidity, prudently allocating capital, and
operating with transparency.
- Reflects on results that speak to both the strength of
M&T's operating model and persistence of its approach,
spotlighting the fact that the bank continues to invest in
strategic initiatives to position the company for future
growth.
- Illustrates how bank stress tests have enabled the growth of
private credit firms creating unintended systemic risks and
recommends that the Fed introduce new tools that provide liquidity
to markets outside its current purview.
"We believe that successful banks constantly and relentlessly
focus on managing liquidity, prudently allocating capital, and
operating with transparency," Jones said. "Fundamentally, this is
our business—a combination that allows us to grow, while delivering
for our customers wherever and whenever they might need us. We are
constantly seeking to improve our ability to execute these basic
fundamentals. And while some may find them boring, we find them
anything but."
Jones said, in an ever-changing environment, M&T continues
to focus on fundamentals which are "both a compass and an anchor,
guiding us and keeping us tethered in an industry that continues to
evolve. But even as our industry takes on new forms, we know the
banks, credit unions, insurance firms, and increasingly private
credit providers are all pieces of one inseparable and
interconnected whole."
Jones closes his letter with a note of heartfelt appreciation to
his thousands of colleagues at M&T Bank. "Our people are our
bank," he writes. "Our colleagues work together in ways big and
small to make M&T a place where others want to join and where
countless customers want to do business. Our future, we feel, is
bright, for it is upon the shoulders of our incredible people that
we will grow and serve new communities who want an M&T
Bank—ready as ever to meet the needs of those customers with whom
we have built strong, lasting relationships—hopeful as always to
earn the privilege of serving more."
To read the full letter, visit M&T's Bank Investor Relations
page.
About M&T Bank
M&T Bank Corporation is a
financial holding company headquartered in Buffalo, New York. M&T's principal banking
subsidiary, M&T Bank, provides banking products and services
with a branch and ATM network spanning the eastern U.S. from
Maine to Virginia and Washington, D.C. Trust-related services are
provided in select markets in the U.S. and abroad by M&T's
Wilmington Trust-affiliated companies and by M&T Bank. For more
information about M&T Bank, visit www.mtb.com.
Equal Housing Lender. © 2025
M&T Bank. NMLS# 381076. Member FDIC. All rights
reserved.
Media Contacts:
Frank Lentini
(929) 651-0447
flentini@mtb.com
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SOURCE M&T Bank Corporation
