Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 236

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 236
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 the recent quarter, reflect an arrangement effective February 2025 whereby the Company began sub-servicing $51.7 billion of additional residential mortgage loans with contractual servings rights held by Bayview Financial. 

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COMMERCIAL MORTGAGE BANKING ACTIVITIES

Three Months EndedChangeThree Months EndedChange(Dollars in millions)March 31,2025December 31,2024Amount%March 31,2025March 31,2024Amount%Commercial mortgage banking revenuesGains on loans originated for sale$16 $22 $(6)-29 %$16 $8 $8 103 %Loan servicing fees and other20 19 1 1 20 18 2 10 Total commercial mortgage banking revenues$36 $41 $(5)-15 %$36 $26 $10 37 %Loans originated for sale to other investors$719 $1,675 $(956)-57 %$719 $1,044 $(325)-31 %

(Dollars in millions)March 31,2025December 31,2024March 31,2024Balances at period endLoans held for sale$192 $310 $563 Commitments to originate loans for sale784 479 451 Commitments to sell loans974 789 1,014 Capitalized mortgage servicing rights125 126 122 Loans serviced for others (a)27,963 27,474 24,771 Loans sub-serviced for others4,205 4,063 3,906 Total loans serviced for others$32,168 $31,537 $28,677 __________________________________________________________________________________

(a)Includes $4.3 billion, $4.2 billion and $4.0 billion of loan balances for which investors had recourse to the Company if such balances are ultimately uncollectible at March 31, 2025, December 31, 2024 and March 31, 2024, respectively.

Changes in commercial mortgage banking revenues in the three-month period ended March 31, 2025 as compared with the fourth and first quarters of 2024 reflect varying volumes and margins on new commitments to originate commercial real estate loans for sale. 

Service charges on deposit accounts

Service charges on deposit accounts for the first three months of 2025 increased $2 million and $9 million as compared with the fourth