M&T Bank Corporation (NYSE:MTB) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET

Company Participants

Brian Klock - Head, Markets & IR
Daryl Bible - Senior Executive Vice President & CFO

Conference Call Participants

Gerard Cassidy - RBC
Ebrahim Poonawala - Bank of America
Manan Gosalia - Morgan Stanley
Chris Spahr - Wells Fargo
Dave Rochester - Compass Point
Frank Schiraldi - Piper Sandler
John Pancari - Evercore ISI
Nathan Stein - Deutsche Bank
Zach Westerlind - UBS

Operator

Welcome to the M&T Bank Third Quarter 2024 Earnings Conference Call. All lines have been placed on listen-only mode and the floor will be open for your questions following the presentation. [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, Todd, and good morning. I'd like to thank everyone for participating in M&T's third quarter 2024 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. Closed captioning has also been provided for those following along on the webcast.

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 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. As you will hear on today's call, the third quarter results represent M&T's continued strength through a dynamic economic environment. We continue to support our communities that we serve. For the 16th consecutive year, M&T Bank is among the nation's top 10 SBA lenders, ranking Number #1 in Baltimore, Buffalo, Connecticut, Delaware, Syracuse, and Washington, D.C.

We recently launched the third phase of our [Technical Difficulty] which will provide $25 million to non-profits focused on financial inclusion and economic growth across New England, Long Island, and New York's Westchester County. We also recently updated several environmental goals, including offsetting 100% of our electricity use with renewable energy by 2030 and establishing interim reduction targets for Scope 1 and 2 emissions.