As part of our longstanding tradition of offering honest and insightful commentary about the state of our company and the economic conditions impacting our industry and communities, we’re pleased to share our annual letter to shareholders from our Chairman and CEO, René Jones.
This year's letter addresses a variety of topics, including the importance of earning trust and fostering public confidence to strengthen not only the banking sector, but businesses across industries, and thriving communities. The letter also provides a candid assessment of M&T Bank’s 2023 financial performance, including how the strength of our business—our prudent lending practices, vigilant risk assessment, and deep customer relationships—helped us navigate a tumultuous 2023.
“[W]e take as part of our charge to build and maintain public trust in what we do—through prudent lending and support for civic institutions. We understand—as does the public—that the erosion of trust is problematic not just for banks but for those who buy or renovate homes, purchase new cars, convert ideas into profitable businesses, and have the time and means to volunteer at the great range of local groups that are marks of healthy community life. For us, trust is not a given—it’s a process, one we work hard to instill every day.” — M&T Bank Chairman and CEO René Jones
Artwork on the cover of this year’s message to shareholders by Boston-based artist, Silvia López Chavez.
