Operating

M&T Bank·Cash Flow Statement·15 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net cash from operating activities	$1.4B	$0	$1.7B	$635M	$844M	$1B	$523M	$1B
Net income	$655M	$721M	$681M	$584M	$716M	$792M	$759M	$664M
Loans held for sale activity	-$363M	$555M	—	-$159M	$229M	—	$369M	-$220M
Increase (Decrease) in Loan, Held-for-Sale	-$363M	$555M	—	-$159M	$229M	—	$369M	-$220M
Provision for credit losses	$150M	$120M	$140M	$130M	$125M	$125M	$125M	$140M
Other working capital changes	-$125M	-$115M	-$116M	$140M	-$193M	-$85M	—	$97M
Depreciation and amortization	$79M	$76M	$81M	$83M	$81M	$79M	$80M	$79M
Net Change In Accrued Interest Receivable Payable	$27M	$149M	$27M	$63M	—	$73M	—	$62M
Increase (Decrease) in Financial Instruments Used in Operating Activities	—	$398M	—	$157M	$92M	$67M	$42M	-$42M
Deferred income taxes	-$16M	$0	-$14M	-$6M	-$16M	-$16M	—	$14M
Amortization of intangible assets	$13M	$12M	$13M	$13M	$9M	$10M	$10M	$9M
Amortization of capitalized software and acquired intangible assets	$13M	$12M	$13M	$13M	$9M	$10M	$10M	$9M
Gain (Loss) on Disposition of Assets for Financial Service Operations	-$4M	$6M	$27M	$5M	$30M	$44M	$8M	$9M
Impairment charges	$0	$1M	$33M	$3M	$3M	$10M	$2M	$3M
Asset write-downs	$0	$1M	$33M	$3M	$3M	$10M	$2M	$3M