Company: MTB-PJ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000036270-25-000011
Chunk: 31

Company: M&T BANK CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 in Consolidated Statement of Income Service charges on deposit accounts$43 $94 $— $137 Trust income1 — 181 182 Brokerage services income2 — 29 31 Other revenues from operations:Merchant discount and credit card interchange fees19 27 — 46 Other11 8 2 21 $76 $129 $212 $417 Three Months Ended June 30, 2024Classification in Consolidated Statement of IncomeService charges on deposit accounts$40 $87 $— $127 Trust income1 — 169 170 Brokerage services income1 — 29 30 Other revenues from operations:Merchant discount and credit card interchange fees19 24 — 43 Other7 8 3 18 $68 $119 $201 $388 

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7. Revenue from contracts with customers, continued

(Dollars in millions)Commercial BankRetail BankInstitutional Services and Wealth ManagementTotalSix Months Ended June 30, 2025Classification in Consolidated Statement of IncomeService charges on deposit accounts$88 $182 $— $270 Trust income2 — 357 359 Brokerage services income3 — 60 63 Other revenues from operations:Merchant discount and credit card interchange fees35 48 — 83 Other20 15 4 39 $148 $245 $421 $814 Six Months Ended June 30, 2024Classification in Consolidated Statement of IncomeService charges on deposit accounts$80 $171 $— $251 Trust income2 — 328 330 Brokerage services income3 — 56 59 Other revenues from operations:Merchant discount and credit card interchange fees36 44 — 80 Other15 15 5 35 $136 $230 $389 $755 

8. Pension plans and other postretirement benefitsThe Company provides defined pension and other postretirement benefits (including health care and life insurance benefits) to qualified retired employees. Net periodic benefit for defined benefit plans consisted of the following:Pension Benefits Other Postretirement Benefits Three Months Ended June 30,(Dollars in millions)2025202420252024Service cost$2 $3 $1 $1 Interest cost on projected benefit obligation27 29 — —