Company: MTB-PJ
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006267
Chunk: 171

Company: M&T BANK CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 171
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168)-16 %$(203)-16 %Average Balance SheetLoans and leases:Commercial and industrial$51,168 $46,532 $36,386 $4,636 10 %$10,146 28 %Commercial real estate28,406 32,514 32,775 (4,108)-13 (261)-1 Residential real estate433 409 269 24 6 140 52 Consumer22 24 24 (2)-8 — -2 Total loans and leases$80,029 $79,479 $69,454 $550 1 %$10,025 14 %Deposits:Noninterest-bearing$12,478 $17,173 $26,084 $(4,695)-27 %$(8,911)-34 %Interest-bearing31,881 25,246 17,744 6,635 26 7,502 42 Total deposits$44,359 $42,419 $43,828 $1,940 5 %$(1,409)-3 %

101

Net income for the Commercial Bank segment was $871 million in 2024, compared with $1.04 billion in 2023.

•Net interest income declined $197 million reflecting a narrowing of the net interest margin on average deposits and loans of 33 basis points and 14 basis points, respectively, partially offset by a rise in average outstanding deposit balances of $1.9 billion.

•The provision for credit losses decreased $31 million reflecting a change in mix in portfolio composition of commercial real estate loans and commercial and industrial loans.

•Noninterest income increased $14 million reflecting higher service charges on deposit accounts and higher credit-related fees, partially offset by lower gains on sales of leased equipment. 

•Noninterest expense increased $78 million reflecting a rise in centrally-allocated costs associated with data processing, risk management and other support services provided to the Commercial Bank segment of $35 million and an increase in personnel-related costs of $33 million.

•The increase in average loans in 2024 as compared with 2023 reflects higher average balances of commercial and industrial loans including growth that spanned most industry types, partially offset by a reduction in average commercial real estate loans, including average construction loans.

•Average deposits grew $1.9 billion in 2024 as compared with 2023 reflecting a shift in customer