--- ticker: MTB company: M&T Bank Corporation filing_type: 10-K year_current: 2025 year_prior: 2024 risks_added: 0 risks_removed: 0 risks_modified: 2 risks_unchanged: 13 source: SEC EDGAR url: https://riskdiff.com/mtb/2025-vs-2024/ markdown_url: https://riskdiff.com/mtb/2025-vs-2024/index.md generated: 2026-05-11 --- # M&T Bank Corporation: 10-K Risk Factor Changes 2025 vs 2024 > Source: U.S. Securities and Exchange Commission (EDGAR) > Generated: 2026-05-11 > All data extracted directly from official filings. No hallucinated content. > **[AI-Generated Summary]** The paragraph below was produced by a language > model and may contain errors. All other content on this page is deterministically > extracted from the original SEC filing. > M&T Bank's risk disclosure framework remained largely stable between 2024 and 2025, with 13 of 15 risks unchanged. Two risks underwent substantive modifications: Business Risk and Strategic Risk each received material revisions to their disclosures, reflecting updated assessments of operational and strategic challenges. --- ## Summary | Status | Count | |--------|-------| | New risks added | 0 | | Risks removed | 0 | | Risks modified | 2 | | Unchanged | 13 | --- ## Modified: Business Risk **Key changes:** - Removed sentence: "Changes in accounting standards could impact the Company's reported financial condition and results of operations." - Removed sentence: "The Company's reported financial condition and results of operations depend on management's selection of accounting methods and require management to make estimates about matters that are uncertain." - Reworded sentence: "•The Company is exposed to reputational risk which could negatively impact investor and customer confidence." - Removed sentence: "The Company's framework for managing risks may not be effective." - Removed sentence: "Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company's business." **Prior (2024):** •Changes in accounting standards could impact the Company's reported financial condition and results of operations. Changes in accounting standards could impact the Company's reported financial condition and results of operations. •The Company's reported financial condition and results of operations depend on management's selection of accounting methods and require management to make estimates about matters that are uncertain. The Company's reported financial condition and results of operations depend on management's selection of accounting methods and require management to make estimates about matters that are uncertain. •The Company's models used for business planning purposes could perform poorly or provide inadequate information. The Company's models used for business planning purposes could perform poorly or provide inadequate information. •The Company is exposed to reputational risk. The Company is exposed to reputational risk. •The Company's framework for managing risks may not be effective. The Company's framework for managing risks may not be effective. •Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company's business. Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company's business. •The Company's assets, communities, operations, reputation and customers could be adversely affected by the impacts of climate risk. The Company's assets, communities, operations, reputation and customers could be adversely affected by the impacts of climate risk. **Current (2025):** •Changes in accounting standards could impact the Company's reported financial condition and results of operations. •The Company's reported financial condition and results of operations depend on management's selection of accounting methods and require management to make estimates about matters that are uncertain. •The Company's models used for business planning purposes could perform poorly or provide inadequate information. •The Company is exposed to reputational risk which could negatively impact investor and customer confidence. •The Company's framework for managing risks may not be effective. •Pandemics, acts of war or terrorism and other adverse external events could significantly impact the Company's business. •The Company's assets, communities, operations, reputation and customers could be adversely affected by the impacts of climate risk. 24 24 24 --- ## Modified: Strategic Risk **Key changes:** - Reworded sentence: "•Difficulties in obtaining regulatory approval for acquisitions and in combining the operations of acquired entities with the Company's own operations may prevent M&T from achieving expected benefits from acquisitions." - Removed sentence: "The Company could suffer if it fails to attract and retain skilled personnel." **Prior (2024):** •The financial services industry is highly competitive and creates competitive pressures that could adversely affect the Company's revenue and profitability. The financial services industry is highly competitive and creates competitive pressures that could adversely affect the Company's revenue and profitability. •Difficulties in obtaining regulatory approval for acquisitions and in combining the operations of acquired entities with the Company's own operations may prevent M&T from achieving the expected benefits from its acquisitions. Difficulties in obtaining regulatory approval for acquisitions and in combining the operations of acquired entities with the Company's own operations may prevent M&T from achieving the expected benefits from its acquisitions. •The Company could suffer if it fails to attract and retain skilled personnel. The Company could suffer if it fails to attract and retain skilled personnel. **Current (2025):** •The financial services industry is highly competitive and creates competitive pressures that could adversely affect the Company's revenue and profitability. •Difficulties in obtaining regulatory approval for acquisitions and in combining the operations of acquired entities with the Company's own operations may prevent M&T from achieving expected benefits from acquisitions. •The Company could suffer if it fails to attract and retain skilled personnel. 23 23 23 --- *Data sourced from SEC EDGAR. Last updated 2026-05-11.*