M&t Bank (MTB) executive compensation, 2026 proxy

René F. Jones, Chairman & Chief Executive Officer, was paid $12M in 2025, up 17% from $10.3M the year before. The CEO-to-median-employee pay ratio was 144:1, on median employee pay of $83,428.

Filed
March 10, 2026
Annual meeting
April 21, 2026
Pay year
2025
Named executives
5
CEO total pay
$12M+17% vs prior year
CEO to median employee
144:1median $83,428
CEO pay in equity
62%$7.4M in awards
Prior say-on-pay support
95%of votes cast
Net Operating Income
$2.88BHighest level in company history
Diluted Operating EPS
$17.20Record company performance
Share Repurchases
$2.66B14.3 million common shares repurchased
Dividend Increase
7%9th consecutive year of growth

How Jones was paid

$12M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary9%Bonus27%Stock awards55%Option awards6%Pension and deferred comp0%All other compensation2%

Named executive officers

ExecutiveTotal
René F. JonesChairman & Chief Executive Officer$12,015,250
Daryl N. BibleSenior Executive Vice President & Chief Financial Officer$4,795,966
Kevin J. PearsonVice Chairman$5,871,576
Christopher E. KaySenior Executive Vice President & Head of Enterprise Platforms$4,067,120
Peter G. D’ArcySenior Executive Vice President & Head of Commercial Banking$3,042,689

What changed and why

  • $12MCEO René F. Jones total compensation increased to $12,015,250 in 2025.
  • $2.88BM&T earned record net operating income of $2.88 billion in 2025.
  • $17.20Diluted net operating earnings per common share reached a record $17.20.
  • 94.5%Shareholders approved executive compensation with 94.5% support at the prior annual meeting.
  • Fifty percent of long-term equity-based incentive awards were issued as Performance-Vested Stock Units.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.