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Earnings per common share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings per common share
The computations of basic earnings per common share follow:
Three Months Ended March 31,
(Dollars in millions, except per share, shares in thousands)20252024
Income available to common shareholders:
Net income$584 $531 
Less: Preferred stock dividends(36)(25)
Net income available to common equity548 506 
Less: Income attributable to unvested stock-based compensation awards(1)(1)
Net income available to common shareholders$547 $505 
Weighted-average shares outstanding:
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards164,520 166,738 
Less: Unvested stock-based compensation awards(311)(278)
Weighted-average shares outstanding164,209 166,460 
Basic earnings per common share$3.33 $3.04 
The computations of diluted earnings per common share follow:
Three Months Ended March 31,
(Dollars in millions, except per share, shares in thousands)20252024
Net income available to common equity$548 $506 
Less: Income attributable to unvested stock-based compensation awards(1)(1)
Net income available to common shareholders$547 $505 
Adjusted weighted-average shares outstanding:
Common shares outstanding (including common stock issuable) and unvested stock-based compensation awards164,520 166,738 
Less: Unvested stock-based compensation awards(311)(278)
Plus: Incremental shares from assumed conversion of stock-based compensation awards838 624 
Adjusted weighted-average shares outstanding165,047 167,084 
Diluted earnings per common share$3.32 $3.02 
Stock-based compensation awards to purchase common stock of M&T representing common shares of 145,460 and 1,328,190 during the three-month period ended March 31, 2025 and 2024, respectively, were not included in the computations of diluted earnings per common share because the effect on those periods would have been antidilutive.