Company: MTB-PJ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0000036270-25-000024
Chunk: 72

Company: M&T BANK CORP
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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071 Long-term borrowings:Senior notes9,332 8,066 8,515 6,866 FHLB advances3 4 224 1,778 Subordinated notes1,012 500 672 862 Junior subordinated debentures400 402 404 541 Asset-backed notes2,032 1,954 1,850 830 Other10 10 10 10 Total long-term borrowings12,789 10,936 11,675 10,887 Total borrowings$15,633 $14,263 $14,688 $15,958 

The Company uses borrowing capacity from banks, the FHLBs, the FRB of New York and others as sources of funding. Short-term borrowings represent arrangements that at the time they were entered into had a contractual maturity of one year or less. Average short-term borrowings in the third quarter of 2025 as compared with the second quarter of 2025, as well as for the nine months ended September 30, 2025 as compared with the similar 2024 period, were lower as a result of the Company's management of liquidity, including reductions in certain short-term wholesale funding sources.

The levels of long-term borrowings reflect the Company's strategies to diversify its wholesale funding sources to provide long-term funding stabilization and prepare for proposed regulations enumerating certain long-term debt requirements as described in Part I, Item 1, "Resolution Planning and Resolution-Related Requirements" of M&T's 2024 Annual Report. The following table provides a summary of the Company's issuances, maturities and redemptions of long-term borrowings for the three-month and nine-month periods ended September 30, 2025.

LONG-TERM BORROWING ISSUANCES, MATURITIES AND REDEMPTIONS

(Dollars in millions)Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Issuances (a):Senior notes of M&T$— $750 Senior notes of M&T Bank— 750 Subordinated notes of M&T750 750 Asset-backed notes— 1,296 Maturities/Redemptions (b):FHLB advances1 2,001 Senior notes of M&T Bank— 750 Junior subordinated debentures of M&T associated with Preferred Capital Securities— 34 __________________________________________________________________________________

(a)