Given two matrices $A$ and $B$, their Binomial expansion is, in general, given by (see this page)
$(A+B)^n = \sum\limits_{k=0, k=n[2]}^n \Bigg( \sum\limits_{r=0}^k \binom{k}{r} A^r B^{k-r} \Bigg) \Bigg(\frac{-C}{2}\Bigg)^{\frac{n-k}{2}} \frac{n!}{k!(\frac{n-k}{2})!}$
Here, $C=AB-BA$, is the commutator of $A$ and $B$. For matM = {{m11, m12}, {m21, m22}}; matN = {{n11, n12}, {n21, n22}};
, how can one implement the above formula in Mathematica, say for simple case with $n=2$?