M&T Bank announced the Federal Reserve Board has determined the company’s preliminary stress capital buffer requirement is 3.8%, down from 4.0% previously. The Federal Reserve Board will provide the company’s final SCB requirement on or before Aug. 31, 2024. Once finalized, the new SCB requirement will be in effect beginning on October 1, 2024. The company’s regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%.
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