Banking
M&T Bank Executive Compensation (FY25)
MTB · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 23, 2026
254 figures on this page: 248 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
The say-on-pay proposal drew 93.8% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025, and the disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, Fifth Third Bancorp, First Horizon National Corporation and Huntington Bancshares Incorporated, among others. The fiscal 2025 disclosure covers 5 named executive officers. Figures cover fiscal 2023 through fiscal 2025.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Say-on-pay support: 94.5% → 93.8% (0.7 points lower)
Frequently asked questions
Answers drawn from the data on this page.
What was M&T Bank's say-on-pay result?
The say-on-pay proposal drew 93.8% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in M&T Bank's peer group?
The disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, Fifth Third Bancorp, First Horizon National Corporation and Huntington Bancshares Incorporated, among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren Jones Chairman & Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
Kevin Pearson Vice Chairman | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
Daryl Bible Senior Executive Vice President & Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Christopher Kay Senior Executive Vice President & Head of Enterprise Platforms | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren F. Jones Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Kevin J. Pearson Vice Chairman | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
Daryl N. Bible Senior Executive Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Christopher E. Kay Senior Executive Vice President & Head of Enterprise Platforms | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Michael Todaro Senior Executive Vice President and Chief Risk Officer | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ren F. Jones Chairman and Chief Executive Officer | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | — not reconciled |
Kevin J. Pearson Vice Chairman | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
Daryl N. Bible Senior Executive Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Christopher E. Kay Senior Executive Vice President and Head of Enterprise Platforms | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Peter G. D Arcy Senior Executive Vice President and Head of Commercial Banking | ◇ | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Christopher E. Kay | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Christopher E. Kay | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Christopher E. Kay | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Daryl N. Bible | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Daryl N. Bible | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Daryl N. Bible | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Kevin J. Pearson | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
| Kevin J. Pearson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kevin J. Pearson | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Ren F. Jones | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Ren F. Jones | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ren F. Jones | OPTION | ◇ | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kevin Pearson | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| Daryl Bible | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Peter G. D Arcy | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Christopher Kay | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| René Jones | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Robert E. Sadler, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Denis J. Salamone | ◇ | ◇ | — | — | — | — | ◇ |
Gary N. Geisel Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Leslie V. Godridge | ◇ | ◇ | — | — | — | — | ◇ |
William F. Cruger, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Carlton J. Charles | ◇ | ◇ | — | — | — | — | ◇ |
John P. Barnes | ◇ | ◇ | — | — | — | — | ◇ |
Melinda R. Rich | ◇ | ◇ | — | — | — | — | ◇ |
Herbert L. Washington | ◇ | ◇ | — | — | — | — | ◇ |
Kirk W. Walters | ◇ | ◇ | — | — | — | — | ◇ |
Richard H. Ledgett, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Rudina Seseri | ◇ | ◇ | — | — | — | — | ◇ |
Jane Chwick | ◇ | ◇ | — | — | — | — | ◇ |
T. Jefferson Cunningham III | ◇ | ◇ | — | — | — | — | ◇ |
Robert T. Brady | ◇ | — | — | — | — | — | ◇ |
Ren F. Jones served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Citizens Financial Group, Inc. CFG
- Comerica Incorporated CMA
- Fifth Third Bancorp FITB
- First Horizon National Corporation FHN
- Huntington Bancshares Incorporated HBAN
- KeyCorp KEY
- PNC Financial Services Group, Inc PNC
- Regions Financial Corporation RF
- Truist Financial Corporation TFC
- U.S. Bancorp USB
- Zions Bancorporation ZION
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 18, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 25, 2022 | = | ◇ | ◇ | ◇ |
| 2019 | April 21, 2020 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact M&T Bank disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where M&T Bank sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
254 figures on this page: 248 cited to the filing that reported them, 6 calculated from figures it prints.
248 cited to the filing
6 calculated from the filing
Documents cited
- 0000036270-26-000027Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-0992982025 Director Compensation Table · 2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · Director Compensation · and 3 more sections
- 0000036270-25-000005Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-25-0447812024 Summary Compensation Table
- 0001193125-24-100836Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-24-0582832023 Summary Compensation Table
- 0001193125-23-108334
- 0001193125-22-133585Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001564590-20-018030
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “M&T Bank executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MTB (accessed 2026).
Short form: data: Velarion
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Peers M&T Bank discloses
The companies named in MTB's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}