v3.26.1
Earnings per common share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computations of Basic Earnings Per Common Share
The computations of basic earnings per common share follow.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions, except per share, shares in thousands)2026202520262025
Income available to common shareholders:
Net income$818 $716 $1,482 $1,300 
Less: Preferred stock dividends(35)(35)(78)(71)
Net income available to common equity783 681 1,404 1,229 
Less: Income attributable to unvested stock-based compensation awards(2)(2)(3)(3)
Net income available to common shareholders$781 $679 $1,401 $1,226 
Weighted-average shares outstanding:
Common shares outstanding and unvested stock-based compensation awards146,200 159,559 147,835 162,025
Less: Unvested stock-based compensation awards(309)(338)(286)(324)
Weighted-average shares outstanding145,891 159,221 147,549 161,701
Basic earnings per common share$5.35 $4.26 $9.49 $7.58 
Computations of Diluted Earnings Per Common Share
The computations of diluted earnings per common share follow.
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions, except per share, shares in thousands)2026202520262025
Net income available to common equity$783 $681 $1,404 $1,229 
Less: Income attributable to unvested stock-based compensation awards(2)(2)(3)(3)
Net income available to common shareholders$781 $679 $1,401 $1,226 
Adjusted weighted-average shares outstanding:
Common shares outstanding and unvested stock-based compensation awards146,200 159,559 147,835 162,025
Less: Unvested stock-based compensation awards(309)(338)(286)(324)
Plus: Incremental shares from assumed conversion of stock-based compensation awards867 784 875 810
Adjusted weighted-average shares outstanding (a)146,758 160,005 148,424162,511
Diluted earnings per common share$5.32 $4.24 $9.44 $7.55 
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(a)Stock-based compensation awards to purchase common stock of M&T representing common shares of 0.1 million in each of the three and six month periods ended June 30, 2026, respectively, and common shares of 0.2 million in each of the three and six month periods ended June 30, 2025, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive.