M&T Bank Corporation (NYSE:MTB) Q3 2023 Earnings Conference Call October 18, 2023 10:00 AM ET

Company Participants

Brian Klock - Investor Relations

Daryl Bible - Senior Executive Vice President and Chief Financial Officer

Conference Call Participants

Manan Gosalia - Morgan Stanley

Ebrahim Poonawala - Bank of America

Erika Najarian - UBS

Matt O’Connor - Deutsche Bank

Bill Carcache - Wolfe Research

Brent Erensel - Portales Partners

Gerard Cassidy - RBC

John Pancari - Evercore ISI

Operator

Welcome to the M&T Bank’s Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to Brian Klock, Head of Market and Investor Relations. Please go ahead.

Brian Klock

Thank you, Angela and good morning. I’d like to thank everyone for participating in M&T’s third quarter 2023 earnings conference call both by telephone and through the webcast. If you have not read the earnings release we issued this morning, you may access it, along with the financial tables and schedules by going to our website, www.mtb.com. Once there, you can click on the Investor Relations link and then on the Events and Presentations link.

Also, before we start, I’d like to mention that today’s presentation may contain forward-looking information. Cautionary statements about this information are included in today’s earnings release materials and in the investor presentation as well as our SEC filings and other investor materials. Presentation also includes non-GAAP financial measures as identified in the earnings release and in the investor presentation. The appropriate reconciliations to GAAP are included in the appendix.

Joining me on the call this morning is M&T’s Senior Executive Vice President and CFO, Daryl Bible. Now I’d like to turn the call over to Daryl.

Daryl Bible

Thank you, Brian and good morning everyone. Let’s start with our purpose, mission and operating principles on Slide 3. I would like to thank our more than 22,000 M&T colleagues for all their hard work, whether serving our customers or our communities, our employees continue to deliver on our purpose, making a difference in people’s lives. This purpose drives our operating principles. We believe in local scale, that is combining local knowledge and hands-on customer service of Community Bank with the resources of a large financial institution. Our 28 communities are led by on-the-ground regional presidents. Their knowledge allows us to better understand and meet the needs of our customers and communities. And importantly, this approach continues to produce strong results for our shareholders. Our local scale has led to superior credit performance, top deposit share and high operating and capital efficiency over the long-term.