Exhibit 99

INVESTOR CONTACT:		Donald J. MacLeod		FOR IMMEDIATE RELEASE:
		(716) 842-5138		April 18, 2011
MEDIA CONTACT:		C. Michael Zabel (716) 842-5385

M&T BANK CORPORATION ANNOUNCES FIRST QUARTER PROFITS

BUFFALO, NEW YORK — M&T Bank Corporation (“M&T”)(NYSE: MTB) today reported its results of operations for the quarter ended March 31, 2011.

GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles (“GAAP”) for the first quarter of 2011 rose 38% to $1.59 from $1.15 in the year-earlier quarter and were equal to the fourth quarter of 2010. GAAP-basis net income in the recent quarter was $206 million, compared with $151 million in the first quarter of 2010 and $204 million in 2010’s final quarter. GAAP-basis net income for the initial 2011 quarter expressed as an annualized rate of return on average assets and average common shareholders’ equity was 1.23% and 10.16%, respectively, improved from .89% and 7.86%, respectively, in the first quarter of 2010 and from 1.18% and 10.03%, respectively, in the fourth quarter of 2010.

The recent quarter’s earnings as compared with the first quarter of 2010 reflect higher net interest income, resulting from a widening of the net interest margin, lower credit costs and significantly higher noninterest income. Contributing to the rise in noninterest income were gains from the sale of investment securities, predominantly residential mortgage-backed securities guaranteed by Fannie Mae, which increased 2011’s net income by $24 million, or $.20 of diluted earnings per common share. Realized

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M&T BANK CORPORATION

securities gains were not significant in the first and fourth quarters of 2010. However, net income during 2010’s fourth quarter reflected an after-tax gain of $17 million, or $.14 of diluted earnings per common share, related to the FDIC-assisted acquisition of certain assets and liabilities of K Bank.

Reflecting on the recent quarter’s performance, René F. Jones, Executive Vice President and Chief Financial Officer, commented, “M&T experienced a positive start to 2011 by recording solid financial results in the first quarter. Exclusive of net securities gains and losses, revenue showed noticeable improvement from last year’s first quarter, even more impressive when considering the negative impact regulatory changes had on fee income from deposit service charges. We are also encouraged by continuing improved credit quality, which resulted in lower credit costs in the recent quarter. Although nonperforming assets remain at historically high levels, we have seen some encouraging signs of improving economic conditions within M&T’s footprint. In addition, the generation of capital continued at a healthy rate this quarter, as evidenced by a rise in our tangible common capital ratio to 6.44% at March 31, 2011 from 6.19% at the 2010 year-end.”

Supplemental Reporting of Non-GAAP Results of Operations. M&T consistently provides supplemental reporting of its results on a “net operating” or “tangible” basis, from which M&T excludes the after-tax effect of amortization of core deposit and other intangible assets (and the related goodwill, core deposit intangible and other intangible asset balances, net of applicable deferred tax amounts) and gains and expenses associated with merging acquired operations into M&T, since such items are considered by management to be “nonoperating” in nature. Although “net operating income” as defined by M&T is not a GAAP

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M&T BANK CORPORATION

measure, M&T’s management believes that this information helps investors understand the effect of acquisition activity in reported results. Reconciliations of GAAP to non-GAAP measures are provided in the financial tables included herein.

Diluted net operating earnings per common share, which exclude the impact of amortization of core deposit and other intangible assets and merger-related gains and expenses, were $1.67 in the recent quarter, up from $1.23 and $1.52 in the first and fourth quarters of 2010, respectively. Net operating income for the quarter ended March 31, 2011 rose to $216 million, improved from $161 million and $196 million in the quarters ended March 31, 2010 and December 31, 2010, respectively. Expressed as an annualized rate of return on average tangible assets and average tangible common shareholders’ equity, net operating income was 1.36% and 20.16%, respectively, in the initial quarter of 2011, up from 1.00% and 17.34% in the first quarter of 2010 and 1.20% and 18.43% in the final 2010 quarter.

Taxable-equivalent Net Interest Income. Taxable-equivalent net interest income increased 2% to $575 million in the first quarter of 2011 from $562 million in the year-earlier quarter. That improvement reflects a 14 basis point widening of the net interest margin, partially offset by a lower level of average earning assets, which declined $900 million or 1% to $59.4 billion from $60.3 billion in the first quarter of 2010. The net interest margin was 3.92% in the recent quarter, compared with 3.78% in the year-earlier quarter. The most significant factors for the higher net interest margin were lower interest rates paid on deposits. Taxable-equivalent net interest income totaled $580 million in the fourth quarter of 2010. Despite an $830 million increase in average loans outstanding and a seven basis point widening of the net interest margin, the 1% decline in such income in the recent

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M&T BANK CORPORATION

quarter as compared with 2010’s fourth quarter largely reflects the fewer number of days in the first quarter of 2011.

Provision for Credit Losses/Asset Quality. The provision for credit losses was $75 million in the first quarter of 2011, compared with $105 million and $85 million in the first and fourth quarters of 2010, respectively. Net charge-offs of loans during the recent quarter were $74 million, down from $95 million in the first quarter of 2010 and $77 million in the final 2010 quarter. Expressed as an annualized percentage of average loans outstanding, net charge-offs were .58% and .74% in the initial quarters of 2011 and 2010, respectively, and .60% in the last quarter of 2010.

Loans classified as nonaccrual totaled $1.21 billion, or 2.32% of total loans at March 31, 2011, improved from $1.24 billion or 2.38% at December 31, 2010 and $1.34 billion or 2.60% at March 31, 2010. The ratio of nonperforming assets to total loans plus real estate and other foreclosed assets was 2.73% at March 31, 2011, improved from 2.79% and 2.78% at December 31, 2010 and March 31, 2010, respectively.

Loans past due 90 days or more and accruing interest totaled $264 million at the end of the recently completed quarter, including loans guaranteed by government-related entities of $215 million. Such past due loans were $270 million and $203 million at December 31, 2010 and March 31, 2010, respectively, including $214 million and $195 million of government guaranteed loans at those respective dates.

Allowance for Credit Losses. M&T regularly performs detailed analyses of individual borrowers and portfolios for purposes of assessing the adequacy of the allowance for credit losses.

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M&T BANK CORPORATION

Reflecting those analyses, the allowance totaled $904 million at March 31, 2011, compared with $903 million at December 31, 2010 and $891 million at March 31, 2010. Beginning in 2009, GAAP requires that expected credit losses associated with loans obtained in an acquisition be reflected in the estimation of loan fair value as of each respective acquisition date and prohibits any carryover of the acquired entity’s allowance for credit losses. Excluding the impact of loans obtained in 2009 and 2010 acquisition transactions, the allowance-to-legacy loan ratio was 1.81% at March 31, 2011, compared with 1.82% and 1.86% at December 31, 2010 and March 31, 2010, respectively.

Noninterest Income and Expense. Noninterest income totaled $314 million in the first quarter of 2011, compared with $258 million and $287 million in the first and fourth quarters of 2010, respectively. Reflected in those amounts were net gains on investment securities of $23 million in the initial 2011 quarter, compared with net losses from investment securities of $26 million and $27 million in the first and fourth quarters of 2010, respectively. The net securities gains in the recent quarter resulted from $39 million of gains realized on the sale of investment securities available for sale having an amortized cost of approximately $484 million. In response to strong growth in average loans and in anticipation of the impending acquisition of Wilmington Trust Corporation, M&T sold the securities in order to manage its forecasted balance sheet size and resultant capital ratios. Partially offsetting those securities gains were $16 million of other-than-temporary impairment charges related to certain of M&T’s holdings of privately issued collateralized mortgage obligations. The net losses on investment securities during the first and fourth quarters of 2010 were predominantly

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M&T BANK CORPORATION

due to other-than-temporary impairment charges, also related to certain of M&T’s privately issued collateralized mortgage obligations. Also reflected in noninterest income in the fourth quarter of 2010 was a $28 million gain realized on the FDIC-assisted acquisition of select assets and liabilities of K Bank.

Excluding gains and losses from investment securities in all periods and the gain recorded in 2010’s final quarter related to the K Bank transaction, noninterest income of $291 million in the recently completed quarter was improved from $284 million in the first quarter of 2010 and $286 million in the final 2010 quarter. Contributing to the rise from the year-earlier quarter were higher commercial mortgage banking revenues, letter of credit and other credit-related fees, trading account and foreign exchange gains, and other operating revenues, partially offset by lower service charges on consumer deposit accounts. The improvement in such income during the recent quarter as compared with the final 2010 quarter was largely due to higher residential mortgage banking revenues, partially offset by a decline in trading account and foreign exchange gains. Residential mortgage banking revenues in the fourth quarter of 2010 were negatively impacted by increased settlements related to M&T’s obligation to repurchase previously sold loans. Charges associated with the obligation to repurchase previously sold loans were not significant in the recent quarter. Also contributing to the improved revenues in 2011 were higher gains on residential real estate loans and commitments to originate loans to be sold as compared with the immediately preceding quarter. Those higher gains reflect M&T’s decision in the recent quarter to resume selling the majority of its originated residential real estate loans.

Noninterest expense in the first quarter of 2011 totaled $500 million, compared with $489 million and $469 million in the first and fourth quarters of 2010, respectively. Included in such

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M&T BANK CORPORATION

amounts are expenses considered to be nonoperating in nature consisting of amortization of core deposit and other intangible assets and merger-related expenses. Exclusive of those expenses, noninterest operating expenses were $483 million in the recently completed quarter, $473 million in the first quarter of 2010 and $455 million in the final 2010 quarter. The higher level of operating expenses in the recent quarter as compared with the year-earlier quarter was due largely to increased costs for advertising, processing and other professional services. The increase in expenses from the fourth quarter of 2010 was largely the result of seasonally higher costs for stock-based compensation, payroll-related taxes and employer contributions for retirement savings plan benefits related to incentive compensation payments.

The efficiency ratio, or noninterest operating expenses divided by the sum of taxable-equivalent net interest income and noninterest income (exclusive of gains and losses from bank investment securities and merger-related gains), measures the relationship of operating expenses to revenues. M&T’s efficiency ratio was 55.8% in the first quarter of 2011, compared with 55.9% in the year-earlier quarter and 52.5% in the fourth quarter of 2010.

Balance Sheet. M&T had total assets of $67.9 billion at March 31, 2011, compared with $68.4 billion a year earlier. Loans and leases, net of unearned discount, were $52.1 billion at the recent quarter-end, up $675 million from $51.4 billion at March 31, 2010 and $128 million higher than $52.0 billion at December 31, 2010. Total deposits rose 6% to $50.5 billion at March 31, 2011 from $47.5 billion a year earlier and were up 1% from $49.8 billion at December 31, 2010.

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M&T BANK CORPORATION

Total shareholders’ equity increased 7% to $8.5 billion at March 31, 2011 from $7.9 billion at March 31, 2010, representing 12.53% and 11.57%, respectively, of total assets. Common shareholders’ equity was $7.8 billion, or $64.43 per share at March 31, 2011, up from $7.2 billion, or $60.40 per share, a year earlier. Tangible equity per common share rose to $34.38 at March 31, 2011 from $29.59 a year earlier. Common shareholders’ equity per share and tangible equity per common share were $63.54 and $33.26, respectively, at December 31, 2010. In the calculation of tangible equity per common share, common shareholders’ equity is reduced by the carrying values of goodwill and core deposit and other intangible assets, net of applicable deferred tax balances. M&T’s tangible common equity to tangible assets ratio was 6.44% at March 31, 2011, compared with 5.43% and 6.19% at March 31, 2010 and December 31, 2010, respectively.

Conference Call. Investors will have an opportunity to listen to M&T’s conference call to discuss first quarter financial results today at 1:30 p.m. Eastern Time. Those wishing to participate in the call may dial (877)780-2276. International participants, using any applicable international calling codes, may dial (973)582-2700. Callers should reference M&T Bank Corporation or the conference ID #59879931. The conference call will be webcast live through M&T’s website at http://ir.mandtbank.com/conference.cfm. A replay of the call will be available until Tuesday, April 19, 2011 by calling (800)642-1687, or (706)645-9291 for international participants, and by making reference to the ID #59879931. The event will also be archived and available by 7:00 p.m. today on M&T’s website at http://ir.mandtbank.com/conference.cfm.

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M&T BANK CORPORATION

M&T is a financial holding company headquartered in Buffalo, New York. M&T’s banking subsidiaries, M&T Bank and M&T Bank, National Association, operate retail and commercial bank branches in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey, the District of Columbia and Ontario, Canada.

Forward-Looking Statements. This news release contains forward-looking statements that are based on current expectations, estimates and projections about M&T’s business, management’s beliefs and assumptions made by management. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions (“Future Factors”) which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.

Future Factors include changes in interest rates, spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity; prepayment speeds, loan originations, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; common shares outstanding; common stock price volatility; fair value of and number of stock-based compensation awards to be issued in future periods; legislation affecting the financial services industry as a whole, and M&T and its subsidiaries individually or collectively, including tax legislation; regulatory supervision and oversight, including monetary policy and capital requirements; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; increasing price and product/service competition by competitors, including new entrants; rapid technological developments and

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changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products/services; containing costs and expenses; governmental and public policy changes; protection and validity of intellectual property rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; the outcome of pending and future litigation and governmental proceedings, including tax-related examinations and other matters; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support M&T and its subsidiaries’ future businesses; and material differences in the actual financial results of merger, acquisition and investment activities compared with M&T’s initial expectations, including the full realization of anticipated cost savings and revenue enhancements.

These are representative of the Future Factors that could affect the outcome of the forward-looking statements. In addition, such statements could be affected by general industry and market conditions and growth rates, general economic and political conditions, either nationally or in the states in which M&T and its subsidiaries do business, including interest rate and currency exchange rate fluctuations, changes and trends in the securities markets, and other Future Factors.

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M&T BANK CORPORATION
Financial Highlights

		Three months ended
		March 31
Amounts in thousands, except per share		2011				2010				Change
Performance
Net income		$	206,273				150,955				37	%
Net income available to common shareholders			190,121				136,431				39
Per common share:
Basic earnings		$	1.59				1.16				37	%
Diluted earnings			1.59				1.15				38
Cash dividends		$	.70				.70				—
Common shares outstanding:
Average — diluted (1)			119,852				118,256				1	%
Period end (2)			120,410				118,823				1
Return on (annualized):
Average total assets			1.23	%			.89	%
Average common shareholders’ equity			10.16	%			7.86	%
Taxable-equivalent net interest income		$	575,131				562,257				2	%
Yield on average earning assets			4.60	%			4.59	%
Cost of interest-bearing liabilities			.91	%			1.04	%
Net interest spread			3.69	%			3.55	%
Contribution of interest-free funds			.23	%			.23	%
Net interest margin			3.92	%			3.78	%
Net charge-offs to average total net loans (annualized)			.58	%			.74	%
Net operating results (3)
Net operating income		$	216,360				160,953				34	%
Diluted net operating earnings per common share			1.67				1.23				36
Return on (annualized):
Average tangible assets			1.36	%			1.00	%
Average tangible common equity			20.16	%			17.34	%
Efficiency ratio			55.75	%			55.88	%
		At March 31
Loan quality		2011				2010				Change
Nonaccrual loans		$	1,211,111				1,339,992				-10	%
Real estate and other foreclosed assets			218,203				95,362				129	%
Total nonperforming assets		$	1,429,314				1,435,354				—	%
Accruing loans past due 90 days or more		$	264,480				203,443				30	%
Renegotiated loans		$	241,190				220,885				9	%
Government guaranteed loans included in totals above:
Nonaccrual loans		$	69,353				37,048				87	%
Accruing loans past due 90 days or more			214,505				194,523				10	%
Purchased impaired loans (4):
Outstanding customer balance		$	206,253				148,686				39	%
Carrying amount			88,589				73,890				20	%
Nonaccrual loans to total net loans			2.32	%			2.60	%
Allowance for credit losses to:
Legacy loans			1.81	%			1.86	%
Total loans			1.73	%			1.73	%

12-12-12-12-12

M&T BANK CORPORATION
Financial Highlights, Five Quarter Trend

		Three months ended
Amounts in thousands,		March 31,				December 31,				September 30,				June 30,				March 31,
except per share		2011				2010				2010				2010				2010
Performance
Net income		$	206,273				204,442				192,015				188,749				150,955
Net income available to common shareholders			190,121				189,678				176,789				173,597				136,431
Per common share:
Basic earnings		$	1.59				1.59				1.49				1.47				1.16
Diluted earnings			1.59				1.59				1.48				1.46				1.15
Cash dividends		$	.70				.70				.70				.70				.70
Common shares outstanding:
Average — diluted (1)			119,852				119,503				119,155				118,878				118,256
Period end (2)			120,410				119,774				119,435				119,161				118,823
Return on (annualized):
Average total assets			1.23	%			1.18	%			1.12	%			1.11	%			.89	%
Average common shareholders’ equity			10.16	%			10.03	%			9.56	%			9.67	%			7.86	%
Taxable-equivalent net interest income		$	575,131				580,227				575,733				573,332				562,257
Yield on average earning assets			4.60	%			4.58	%			4.65	%			4.63	%			4.59	%
Cost of interest-bearing liabilities			.91	%			.97	%			1.03	%			1.04	%			1.04	%
Net interest spread			3.69	%			3.61	%			3.62	%			3.59	%			3.55	%
Contribution of interest-free funds			.23	%			.24	%			.25	%			.25	%			.23	%
Net interest margin			3.92	%			3.85	%			3.87	%			3.84	%			3.78	%
Net charge-offs to average total net loans (annualized)			.58	%			.60	%			.73	%			.64	%			.74	%
Net operating results (3)
Net operating income		$	216,360				196,235				200,225				197,752				160,953
Diluted net operating earnings per common share			1.67				1.52				1.55				1.53				1.23
Return on (annualized):
Average tangible assets			1.36	%			1.20	%			1.24	%			1.23	%			1.00	%
Average tangible common equity			20.16	%			18.43	%			19.58	%			20.36	%			17.34	%
Efficiency ratio			55.75	%			52.55	%			53.40	%			53.06	%			55.88	%
		March 31,				December 31,				September 30,				June 30,				March 31,
Loan quality		2011				2010				2010				2010				2010
Nonaccrual loans		$	1,211,111				1,239,194				1,099,560				1,090,135				1,339,992
Real estate and other foreclosed assets			218,203				220,049				192,600				192,631				95,362
Total nonperforming assets		$	1,429,314				1,459,243				1,292,160				1,282,766				1,435,354
Accruing loans past due 90 days or more		$	264,480				269,593				214,769				203,081				203,443
Renegotiated loans		$	241,190				233,342				233,671				228,847				220,885
Government guaranteed loans included in totals above:
Nonaccrual loans		$	69,353				56,787				38,232				40,271				37,048
Accruing loans past due 90 days or more			214,505				214,111				194,223				187,682				194,523
Purchased impaired loans (4):
Outstanding customer balance		$	206,253				219,477				113,964				130,808				148,686
Carrying amount			88,589				97,019				52,728				61,524				73,890
Nonaccrual loans to total net loans			2.32	%			2.38	%			2.16	%			2.13	%			2.60	%
Allowance for credit losses to:
Legacy loans			1.81	%			1.82	%			1.86	%			1.86	%			1.86	%
Total loans			1.73	%			1.74	%			1.76	%			1.75	%			1.73	%

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M&T BANK CORPORATION
Condensed Consolidated Statement of Income

		Three months ended
		March 31
Dollars in thousands		2011				2010				Change
Interest income		$	667,483				676,386				-1	%
Interest expense			98,679				120,052				-18
Net interest income			568,804				556,334				2
Provision for credit losses			75,000				105,000				-29
Net interest income after provision for credit losses			493,804				451,334				9
Other income
Mortgage banking revenues			45,156				41,476				9
Service charges on deposit accounts			109,731				120,295				-9
Trust income			29,321				30,928				-5
Brokerage services income			14,296				13,106				9
Trading account and foreign exchange gains			8,279				4,699				76
Gain on bank investment securities			39,353				459				—
Other-than-temporary impairment losses recognized in earnings			(16,041	)			(26,802	)			—
Equity in earnings of Bayview Lending Group LLC			(6,678	)			(5,714	)			—
Other revenues from operations			91,003				79,259				15
Total other income			314,420				257,706				22
Other expense
Salaries and employee benefits			266,090				264,046				1
Equipment and net occupancy			56,663				55,401				2
Printing, postage and supplies			9,202				9,043				2
Amortization of core deposit and other intangible assets			12,314				16,475				-25
FDIC assessments			19,094				21,348				-11
Other costs of operations			136,208				123,049				11
Total other expense			499,571				489,362				2
Income before income taxes			308,653				219,678				41
Applicable income taxes			102,380				68,723				49
Net income		$	206,273				150,955				37	%

14-14-14-14-14

M&T BANK CORPORATION
Condensed Consolidated Statement of Income, Five Quarter Trend

		Three months ended
		March 31,				December 31,				September 30,				June 30,				March 31,
Dollars in thousands		2011				2010				2010				2010				2010
Interest income		$	667,483				682,725				685,900				684,784				676,386
Interest expense			98,679				108,628				116,032				117,557				120,052
Net interest income			568,804				574,097				569,868				567,227				556,334
Provision for credit losses			75,000				85,000				93,000				85,000				105,000
Net interest income after provision for credit losses			493,804				489,097				476,868				482,227				451,334
Other income
Mortgage banking revenues			45,156				35,013				61,052				47,084				41,476
Service charges on deposit accounts			109,731				111,129				117,733				128,976				120,295
Trust income			29,321				31,031				30,485				30,169				30,928
Brokerage services income			14,296				11,648				12,127				12,788				13,106
Trading account and foreign exchange gains			8,279				12,755				6,035				3,797				4,699
Gain on bank investment securities			39,353				861				1,440				10				459
Other-than-temporary impairment losses recognized in earnings			(16,041	)			(27,567	)			(9,532	)			(22,380	)			(26,802	)
Equity in earnings of Bayview Lending Group LLC			(6,678	)			(7,415	)			(6,460	)			(6,179	)			(5,714	)
Other revenues from operations			91,003				119,483				77,019				79,292				79,259
Total other income			314,420				286,938				289,899				273,557				257,706
Other expense
Salaries and employee benefits			266,090				243,413				246,389				245,861				264,046
Equipment and net occupancy			56,663				50,879				54,353				55,431				55,401
Printing, postage and supplies			9,202				8,435				7,820				8,549				9,043
Amortization of core deposit and other intangible assets			12,314				13,269				13,526				14,833				16,475
FDIC assessments			19,094				18,329				18,039				21,608				21,348
Other costs of operations			136,208				134,949				140,006				129,786				123,049
Total other expense			499,571				469,274				480,133				476,068				489,362
Income before income taxes			308,653				306,761				286,634				279,716				219,678
Applicable income taxes			102,380				102,319				94,619				90,967				68,723
Net income		$	206,273				204,442				192,015				188,749				150,955

15-15-15-15-15

M&T BANK CORPORATION
Condensed Consolidated Balance Sheet

		March 31
Dollars in thousands		2011				2010				Change
ASSETS
Cash and due from banks		$	972,005				1,033,269				-6	%
Interest-bearing deposits at banks			100,101				121,305				-17
Federal funds sold and agreements to resell securities			10,300				10,400				-1
Trading account assets			413,737				403,476				3
Investment securities			6,507,165				8,104,646				-20
Loans and leases:
Commercial, financial, etc			13,826,299				13,220,181				5
Real estate — commercial			20,891,615				20,724,118				1
Real estate — consumer			6,154,960				5,664,159				9
Consumer			11,245,807				11,835,583				-5
Total loans and leases, net of unearned discount			52,118,681				51,444,041				1
Less: allowance for credit losses			903,703				891,265				1
Net loans and leases			51,214,978				50,552,776				1
Goodwill			3,524,625				3,524,625				—
Core deposit and other intangible assets			113,603				167,545				-32
Other assets			5,024,694				4,521,180				11
Total assets		$	67,881,208				68,439,222				-1	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing deposits		$	15,219,562				13,622,819				12	%
Interest-bearing deposits			34,264,867				33,125,761				3
Deposits at Cayman Islands office			1,063,670				789,825				35
Total deposits			50,548,099				47,538,405				6
Short-term borrowings			504,676				1,870,763				-73
Accrued interest and other liabilities			1,015,495				1,048,473				-3
Long-term borrowings			7,305,420				10,065,894				-27
Total liabilities			59,373,690				60,523,535				-2
Shareholders’ equity:
Preferred			743,385				732,769				1
Common (1)			7,764,133				7,182,918				8
Total shareholders’ equity			8,507,518				7,915,687				7
Total liabilities and shareholders’ equity		$	67,881,208				68,439,222				-1	%

16-16-16-16-16

M&T BANK CORPORATION
Condensed Consolidated Balance Sheet, Five Quarter Trend

		March 31,				December 31,				September 30,				June 30,				March 31,
Dollars in thousands		2011				2010				2010				2010				2010
ASSETS
Cash and due from banks		$	972,005				908,755				1,070,625				1,045,886				1,033,269
Interest-bearing deposits at banks			100,101				101,222				401,624				117,826				121,305
Federal funds sold and agreements to resell securities			10,300				25,000				443,700				10,000				10,400
Trading account assets			413,737				523,834				536,702				487,692				403,476
Investment securities			6,507,165				7,150,540				7,662,715				8,097,572				8,104,646
Loans and leases:
Commercial, financial, etc.			13,826,299				13,390,610				12,788,136				13,017,598				13,220,181
Real estate — commercial			20,891,615				21,183,161				20,580,450				20,612,905				20,724,118
Real estate — consumer			6,154,960				5,928,056				5,754,432				5,729,126				5,664,159
Consumer			11,245,807				11,488,555				11,668,540				11,701,657				11,835,583
Total loans and leases, net of unearned discount			52,118,681				51,990,382				50,791,558				51,061,286				51,444,041
Less: allowance for credit losses			903,703				902,941				894,720				894,667				891,265
Net loans and leases			51,214,978				51,087,441				49,896,838				50,166,619				50,552,776
Goodwill			3,524,625				3,524,625				3,524,625				3,524,625				3,524,625
Core deposit and other intangible assets			113,603				125,917				139,186				152,712				167,545
Other assets			5,024,694				4,573,929				4,570,822				4,550,684				4,521,180
Total assets		$	67,881,208				68,021,263				68,246,837				68,153,616				68,439,222
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing deposits		$	15,219,562				14,557,568				14,665,603				13,960,723				13,622,819
Interest-bearing deposits			34,264,867				33,641,800				33,335,104				33,010,520				33,125,761
Deposits at Cayman Islands office			1,063,670				1,605,916				653,916				551,428				789,825
Total deposits			50,548,099				49,805,284				48,654,623				47,522,671				47,538,405
Short-term borrowings			504,676				947,432				1,211,683				2,158,957				1,870,763
Accrued interest and other liabilities			1,015,495				1,070,701				1,157,250				1,114,615				1,048,473
Long-term borrowings			7,305,420				7,840,151				8,991,508				9,255,529				10,065,894
Total liabilities			59,373,690				59,663,568				60,015,064				60,051,772				60,523,535
Shareholders’ equity:
Preferred			743,385				740,657				737,979				735,350				732,769
Common (1)			7,764,133				7,617,038				7,493,794				7,366,494				7,182,918
Total shareholders’ equity			8,507,518				8,357,695				8,231,773				8,101,844				7,915,687
Total liabilities and shareholders’ equity		$	67,881,208				68,021,263				68,246,837				68,153,616				68,439,222

17-17-17-17-17

M&T BANK CORPORATION
Condensed Consolidated Average Balance Sheet
and Annualized Taxable-equivalent Rates

		Three months ended																								Change in balance
		March 31,								March 31,								December 31,								March 31, 2011 from
		2011								2010								2010								March 31,				December 31,
Dollars in millions		Balance				Rate				Balance				Rate				Balance				Rate				2010				2010
ASSETS
Interest-bearing deposits at banks		$	115				.13	%			127				.02	%			110				.15	%			-9	%			5	%
Federal funds sold and agreements to resell securities			15				.53				24				.22				780				.19				-38				-98
Trading account assets			110				1.61				60				.80				165				.91				82				-34
Investment securities			7,219				4.17				8,172				4.44				7,541				4.07				-12				-4
Loans and leases, net of unearned discount
Commercial, financial, etc			13,573				3.93				13,408				3.88				13,013				4.07				1				4
Real estate — commercial			21,003				4.71				20,867				4.48				20,624				4.84				1				2
Real estate — consumer			6,054				5.06				5,742				5.31				5,910				5.15				5				2
Consumer			11,342				5.13				11,931				5.26				11,594				5.18				-5				-2
Total loans and leases, net			51,972				4.67				51,948				4.63				51,141				4.74				—				2
Total earning assets			59,431				4.60				60,331				4.59				59,737				4.58				-1				-1
Goodwill			3,525								3,525								3,525								—				—
Core deposit and other intangible assets			119								176								132								-32				-10
Other assets			4,970								4,851								5,108								2				-3
Total assets		$	68,045								68,883								68,502								-1	%			-1	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing deposits
NOW accounts		$	628				.13				585				.14				608				.14				7	%			3	%
Savings deposits			27,669				.28				25,068				.33				27,545				.31				10				—
Time deposits			5,700				1.36				7,210				1.66				6,034				1.40				-21				-6
Deposits at Cayman Islands office			1,182				.14				1,237				.11				809				.17				-4				46
Total interest-bearing deposits			35,179				.45				34,100				.60				34,996				.49				3				1
Short-term borrowings			1,344				.15				2,367				.15				1,439				.17				-43				-7
Long-term borrowings			7,368				3.26				10,160				2.74				8,141				3.14				-27				-9
Total interest-bearing liabilities			43,891				.91				46,627				1.04				44,576				.97				-6				-2
Noninterest-bearing deposits			14,501								13,294								14,275								9				2
Other liabilities			1,202								1,094								1,329								10				-10
Total liabilities			59,594								61,015								60,180								-2				-1
Shareholders’ equity			8,451								7,868								8,322								7				2
Total liabilities and shareholders’ equity		$	68,045								68,883								68,502								-1	%			-1	%
Net interest spread							3.69								3.55								3.61
Contribution of interest-free funds							.23								.23								.24
Net interest margin							3.92	%							3.78	%							3.85	%