M&T Bank Corporation has filed a Form 8-K disclosing changes to the presentation of its financial statements effective for the third quarter of 2026. The company stated that these adjustments will not impact total Other income, Income before taxes, Net income, or earnings per common share.
The primary changes involve the reclassification of revenue categories within the Consolidated Statement of Income. Trust and investment services income will now primarily consist of Trust income and Brokerage services income, which were previously reported as separate categories. Card revenues will be comprised of credit card interchange and merchant discount revenue previously included in Other revenues from operations, as well as debit card interchange revenue previously included in Service charges on deposit accounts. Additionally, Capital markets and advisory revenues will now include Trading account and other non-hedging derivative gains, along with loan syndication, underwriting, and advisory fees previously categorized under Other revenues from operations.
Separately, the company will begin separately presenting loans held for sale from loans held for investment in its Consolidated Balance Sheet and its Average Balance Sheet and Taxable-equivalent Rates disclosures. As of September 28, 2026, M&T provided unaudited supplemental historical financial information that retroactively applies these new presentation standards to all periods presented.
