Company: MTB-PJ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001628280-25-022036
Chunk: 108

Company: M&T BANK CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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-offs on commercial and industrial loans.

•Noninterest expense declined $11 million reflecting a decline in other costs of operations of $10 million and lower salaries and employee benefits expense of $7 million, partially offset by higher centrally-allocated costs associated with data processing, risk management, and other support services provided to the Commercial Bank segment of $11 million.

•Average loans and leases declined $1.4 billion reflecting a $1.6 billion reduction in average commercial real estate loans, partially offset by a $235 million increase in average commercial and industrial loans. The growth in average commercial and industrial loans reflected continued growth in loans to customers in the financial and insurance industry.

•Average deposits decreased $1.3 billion reflecting seasonal declines of commercial customer deposits.

Net income for the Commercial Bank segment increased $30 million in the first quarter of 2025 from $201 million in the year-earlier quarter. 

•Net interest income declined $19 million reflecting a narrowing of the net interest margin on deposits of 27 basis points and a decline in average outstanding loan balances of $1.7 billion, partially offset by an expansion of the net interest margin on loans of 5 basis points.

•Noninterest income increased $22 million due to higher commercial mortgage banking revenues of $10 million. Also contributing to that increase was a $5 million rise in each of service charges on commercial deposit accounts and credit related fees.

•The provision for credit losses decreased $41 million reflecting lower net charge-offs of commercial and industrial loans.

•Noninterest expense rose $6 million reflecting higher salaries and employee benefits expense. 

•Average loans and leases decreased $1.7 billion from the first quarter of 2024 reflecting a reduction in average commercial real estate loans, partially offset by higher commercial and industrial loans reflecting growth spanning most industry types.

•Average deposits grew $1.9 billion from the year-earlier quarter and reflected a shift in customer funds from noninterest-bearing accounts to interest-bearing products.

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Retail Bank

The Retail Bank segment provides a wide range of services to consumers and small businesses through the Company’s branch network and several other delivery channels such as telephone banking, internet banking and ATMs. The Company has domestic banking offices primarily in the Northeastern and Mid-Atlantic regions of the U.S. including the District of Columbia. The segment offers to its customers deposit products, including demand, savings and time accounts, and other services. Credit services offered by this segment include automobile and recreational finance loans (primarily originated indirectly through dealers), home equity