M&T BANK CORP New Standards Disclosure
| Standard | Description | Required date of adoption | Effect on consolidated financial statements | ||||||||||||||||||||||||||||||||
| Standards adopted in 2025 | |||||||||||||||||||||||||||||||||||
| Income Taxes - Improvements to income tax disclosures | The standard requires enhanced disclosures in the notes to financial statements including income taxes paid by jurisdiction (federal, state, foreign) and a tabular rate reconciliation between the reported amount of income tax expense (or benefit) and the amount of statutory federal income tax at current rates. | December 31, 2025 | The Company adopted the amended guidance in its consolidated financial statements for the year ended December 31, 2025. Related disclosures are included in note 13. | ||||||||||||||||||||||||||||||||
Standards not yet adopted as of December 31, 2025 | |||||||||||||||||||||||||||||||||||
| Income Statement - Expense disaggregation disclosures | The standard requires disclosure in the notes to financial statements of specified information about certain cost and expense captions on the income statement. | January 1, 2027 (Early adoption permitted) | The Company does not expect the guidance will have a material impact on its consolidated financial statements. | ||||||||||||||||||||||||||||||||
| Improvements to the accounting for purchased loans | The standard expands the population of acquired financial assets accounted for using a gross-up approach which records an initial allowance for credit losses through an adjustment to the initial amortized cost basis. Acquired loans (excluding credit cards) are deemed purchased seasoned loans and accounted for using the gross-up approach upon acquisition if criteria established by the new guidance are met. All non-PCD loans (excluding credit cards) that are acquired in a business combination are deemed seasoned. | January 1, 2027 (Early adoption permitted) | The Company prospectively adopted the amended guidance effective January 1, 2026. The Company does not expect the guidance will have a material impact on its consolidated financial statements. | ||||||||||||||||||||||||||||||||
| Hedge accounting improvements | The amendment expands the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge by changing the requirement to designate a group of individual forecasted transactions from having a shared risk exposure to having a similar risk exposure. The amendment also provides a model to facilitate the application of cash flow hedge accounting to forecasted interest payments on variable rate debt instruments that permit the borrower to change the interest rate index. The amendment also modifies certain other hedge accounting rules. | January 1, 2027 (Early adoption permitted) | The Company does not expect the guidance will have a material impact on its consolidated financial statements. | ||||||||||||||||||||||||||||||||
| Targeted improvements to the accounting for internal-use software | The standard eliminates the concept of a software development project stage such that the guidance is agnostic to different software development methods and introduces a new threshold for cost capitalization. The standard also provides factors to consider when determining whether significant development uncertainty exists. | January 1, 2028 (Early adoption permitted) | The Company does not expect the guidance will have a material impact on its consolidated financial statements. | ||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 19, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 16, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 22, 2017 | |
| 2015 | Feb 19, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.