Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 1

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 2025;    11,642 shares at December 31, 20241 1 Additional paid-in capital9,981 9,998 Retained earnings19,870 19,079 Accumulated other comprehensive income (loss), net215 (164)Treasury stock — common, at cost — 22,913,989 shares at June 30, 2025;    13,922,820 shares at December 31, 2024(4,026)(2,371)Total shareholders’ equity28,525 29,027 Total liabilities and shareholders’ equity$211,584 $208,105 __________________________________________________________________________________

(a)Loans of $2.5 billion and $1.5 billion at June 30, 2025 and December 31, 2024, respectively, were held in special purpose trusts to settle the respective obligations of asset-backed notes issued by those trusts. The outstanding balances of those asset-backed notes issued to third party investors were included in Long-term borrowings and were $2.1 billion at June 30, 2025 and $1.2 billion at December 31, 2024.

See accompanying notes to financial statements.

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M&T Bank Corporation and Subsidiaries

Consolidated Statement of Income (Unaudited)

Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions, except per share, shares in thousands)2025202420252024Interest incomeLoans$2,054 $2,128 $4,060 $4,225 Investment securities334 260 670 488 Deposits at banks219 400 437 819 Other2 1 2 2 Total interest income2,609 2,789 5,169 5,534 Interest expenseSavings and interest-checking deposits579 618 1,131 1,233 Time deposits123 217 247 442 Short-term borrowings37 69 69 153 Long-term borrowings157 167 314 308 Total interest expense896 1,071 1,761 2,136 Net interest income1,713 1,718 3,408 3,398 Provision for credit losses125 150 255 350 Net interest income after provision for credit losses1,588 1,568 3,153