M&T Bank : Forward Looking Statment

Forward-Looking Statements Disclaimer

The discussion and materials presented in this Annual Mee ng may contain forward-looking statements regarding M&T Bank Corpora on ("M&T") within the meaning of the Private Securi es Li ga on Reform Act of 1995 and the rules and regula ons of the Securi es and Exchange Commission ("SEC"). Any statement that does not describe historical or current facts is a forward-looking statement, including statements based on current expecta ons,

es mates and projec ons about M&T's business, and management's beliefs and assump ons.

Statements regarding the poten al effects of events or factors specific to M&T and/or the financial industry as a whole, as well as na onal and global events generally, on M&T's business, financial condi on, liquidity and results of opera ons may cons tute forward-looking statements. Such statements are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond M&T's control.

Forward-looking statements are typically iden fied by words such as "believe," "expect," "an cipate," "intend," "target," "es mate," "con nue," or "poten al," by future condi onal verbs such as "will," "would," "should," "could," or "may," or by varia ons of such words or by similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertain es and assump ons which are difficult to predict and may cause actual outcomes to differ materially from what is expressed or forecast.

While there can be no assurance that any list of risks and uncertain es is complete, important factors that could cause actual outcomes and results to differ materially from those contemplated by forward-looking statements include the following, without limita on: economic condi ons and growth rates, including infla on and market vola lity; events and developments in the financial services industry, including industry condi ons; changes in interest rates, spreads on earning assets and interest-bearing liabili es, and interest rate sensi vity; prepayment speeds, loan origina ons, loan concentra ons by type and industry, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; levels of client deposits; ability to contain costs and expenses; changes in M&T's credit

ra ngs; the impact of the People's United Financial, Inc. acquisi on; domes c or interna onal poli cal developments and other geopoli cal events, including interna onal conflicts and hos li es; changes and trends in the securi es markets; common shares outstanding and common stock price vola lity; fair value of and number of stock-based compensa on awards to be issued in future periods; the impact of changes in market values on trust-related revenues; federal, state or local legisla on and/or regula ons affec ng the financial services industry, or M&T and its subsidiaries individually or collec vely, including tax policy; regulatory supervision and oversight, including monetary policy and capital requirements; governmental and public policy changes; poli cal condi ons, either na onally or in the states in which M&T and its subsidiaries do business; the outcome of pending and future li ga on and governmental proceedings, including tax-related examina ons and other ma ers; changes in accoun ng policies or procedures as may be required by the Financial Accoun ng Standards Board, regulatory agencies or legisla on; increasing price,

product and service compe	on by compe	tors, including new entrants; technological developments and changes;
the ability to con nue to introduce compe	ve new products and services on a mely, cost-effec ve basis; the mix of
products and services; protec	on and validity of intellectual property rights; reliance on large customers;

technological, implementa on and cost/financial risks in large, mul -year contracts; con nued availability of financing; financial resources in the amounts, at the mes and on the terms required to support M&T and its subsidiaries' future businesses; and material differences in the actual financial results of merger, acquisi on, divestment and investment ac vi es compared with M&T's ini al expecta ons, including the full realiza on of an cipated cost savings and revenue enhancements.

These are representa ve of the factors that could affect the outcome of the forward-looking statements. In addi on, as noted, such statements could be affected by general industry and market condi ons and growth rates, general economic and poli cal condi ons, either na onally or in the states in which M&T and its subsidiaries do business, and other factors.

M&T provides further detail regarding these risks and uncertain es in its Form 10-K for the year ended December 31, 2023, including in the Risk Factors sec on of such report, as well as in other SEC filings. Forward-looking statements speak only as of the date made, and M&T assumes no duty and does not undertake to update forward-looking statements.